Leonard P. Isotoff Sells 500 Shares of Matson, Inc. (NYSE:MATX) Stock

Matson, Inc. (NYSE:MATX - Get Free Report) SVP Leonard P. Isotoff sold 500 shares of the business's stock in a transaction that occurred on Wednesday, May 28th. The stock was sold at an average price of $111.47, for a total transaction of $55,735.00. Following the transaction, the senior vice president now owns 5,644 shares of the company's stock, valued at approximately $629,136.68. This trade represents a 8.14% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Matson Stock Performance

Shares of MATX stock traded up $1.13 during mid-day trading on Friday, reaching $113.11. The stock had a trading volume of 373,807 shares, compared to its average volume of 342,181. Matson, Inc. has a 1-year low of $91.75 and a 1-year high of $169.12. The firm has a market cap of $3.69 billion, a price-to-earnings ratio of 9.41 and a beta of 1.30. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.14. The business's fifty day moving average is $110.01 and its 200-day moving average is $130.92.

Matson (NYSE:MATX - Get Free Report) last released its quarterly earnings data on Monday, May 5th. The shipping company reported $2.18 earnings per share for the quarter, missing analysts' consensus estimates of $2.34 by ($0.16). The business had revenue of $782.00 million during the quarter, compared to analyst estimates of $818.07 million. Matson had a return on equity of 16.89% and a net margin of 12.37%. The firm's revenue was up 8.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.04 EPS. On average, research analysts forecast that Matson, Inc. will post 13.27 earnings per share for the current year.

Matson Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 5th. Stockholders of record on Thursday, May 8th will be issued a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a dividend yield of 1.20%. The ex-dividend date of this dividend is Thursday, May 8th. Matson's dividend payout ratio (DPR) is 8.96%.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on MATX shares. Wall Street Zen downgraded Matson from a "buy" rating to a "hold" rating in a report on Wednesday, May 7th. Stephens lowered their target price on shares of Matson from $175.00 to $150.00 and set an "overweight" rating for the company in a research note on Tuesday, May 6th. Jefferies Financial Group boosted their target price on shares of Matson from $125.00 to $135.00 and gave the stock a "buy" rating in a research report on Tuesday, May 13th. Finally, Stifel Nicolaus dropped their target price on shares of Matson from $160.00 to $130.00 and set a "hold" rating on the stock in a research report on Tuesday, May 6th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $138.33.

Institutional Trading of Matson

A number of hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in shares of Matson by 0.3% in the fourth quarter. Vanguard Group Inc. now owns 4,025,208 shares of the shipping company's stock valued at $542,759,000 after buying an additional 11,357 shares in the last quarter. American Century Companies Inc. grew its stake in Matson by 6.6% in the 1st quarter. American Century Companies Inc. now owns 1,158,834 shares of the shipping company's stock valued at $148,528,000 after acquiring an additional 71,902 shares during the period. Boston Partners increased its holdings in Matson by 424.8% in the 1st quarter. Boston Partners now owns 958,170 shares of the shipping company's stock worth $121,428,000 after acquiring an additional 775,600 shares in the last quarter. Capital Research Global Investors raised its position in Matson by 8.3% during the fourth quarter. Capital Research Global Investors now owns 753,414 shares of the shipping company's stock worth $101,590,000 after acquiring an additional 58,027 shares during the period. Finally, First Trust Advisors LP lifted its holdings in Matson by 21.5% during the fourth quarter. First Trust Advisors LP now owns 663,245 shares of the shipping company's stock valued at $89,432,000 after purchasing an additional 117,545 shares in the last quarter. 84.76% of the stock is owned by hedge funds and other institutional investors.

Matson Company Profile

Matson, Inc, together with its subsidiaries, engages in the provision of ocean transportation and logistics services. It operates through two segments, Ocean Transportation and Logistics. The Ocean Transportation segment offers ocean freight transportation services to the domestic non-contiguous economies of Hawaii, Japan, Alaska, and Guam, as well as to other island economies in Micronesia.