Matson, Inc. (NYSE:MATX) SVP Sells $206,277.12 in Stock

Matson, Inc. (NYSE:MATX - Get Free Report) SVP Richard S. Kinney sold 1,792 shares of the firm's stock in a transaction that occurred on Thursday, May 16th. The shares were sold at an average price of $115.11, for a total transaction of $206,277.12. Following the transaction, the senior vice president now directly owns 9,588 shares in the company, valued at approximately $1,103,674.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Matson Stock Performance

MATX stock traded up $0.70 during mid-day trading on Friday, reaching $116.17. 182,788 shares of the stock traded hands, compared to its average volume of 259,632. The firm has a market capitalization of $4.06 billion, a PE ratio of 13.70 and a beta of 1.12. The business has a 50-day moving average of $109.59 and a two-hundred day moving average of $107.54. Matson, Inc. has a 52 week low of $67.97 and a 52 week high of $122.99. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.16.

Matson (NYSE:MATX - Get Free Report) last issued its quarterly earnings results on Tuesday, April 30th. The shipping company reported $1.04 EPS for the quarter, topping the consensus estimate of $0.99 by $0.05. Matson had a return on equity of 12.66% and a net margin of 9.61%. The company had revenue of $722.10 million for the quarter, compared to the consensus estimate of $730.44 million. During the same period in the previous year, the business posted $0.94 EPS. The company's revenue for the quarter was up 2.5% on a year-over-year basis. As a group, equities analysts predict that Matson, Inc. will post 8.74 EPS for the current fiscal year.

Matson Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 6th. Shareholders of record on Thursday, May 9th will be given a $0.32 dividend. The ex-dividend date of this dividend is Wednesday, May 8th. This represents a $1.28 annualized dividend and a yield of 1.10%. Matson's dividend payout ratio is 15.09%.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on MATX shares. StockNews.com upgraded shares of Matson from a "hold" rating to a "buy" rating in a report on Friday. Stifel Nicolaus upped their target price on Matson from $109.00 to $111.00 and gave the stock a "hold" rating in a research report on Wednesday, May 1st.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Vanguard Group Inc. grew its position in Matson by 5.7% during the first quarter. Vanguard Group Inc. now owns 3,984,076 shares of the shipping company's stock worth $447,810,000 after buying an additional 215,452 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Matson by 1.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,658,613 shares of the shipping company's stock worth $291,386,000 after purchasing an additional 43,846 shares in the last quarter. American Century Companies Inc. grew its holdings in shares of Matson by 11.2% during the 3rd quarter. American Century Companies Inc. now owns 653,613 shares of the shipping company's stock worth $57,989,000 after purchasing an additional 65,736 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Matson by 4.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 355,500 shares of the shipping company's stock valued at $31,540,000 after purchasing an additional 13,591 shares during the period. Finally, London Co. of Virginia raised its stake in shares of Matson by 1.5% in the third quarter. London Co. of Virginia now owns 303,948 shares of the shipping company's stock valued at $26,966,000 after purchasing an additional 4,455 shares in the last quarter. Institutional investors and hedge funds own 84.76% of the company's stock.

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.

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