Matson, Inc. (NYSE:MATX) SVP Leonard P. Isotoff Sells 2,800 Shares

Matson, Inc. (NYSE:MATX) SVP Leonard P. Isotoff sold 2,800 shares of the firm’s stock in a transaction on Monday, May 6th. The shares were sold at an average price of $112.48, for a total transaction of $314,944.00. Following the sale, the senior vice president now owns 4,746 shares in the company, valued at $533,830.08. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.

Matson Stock Up 0.1 %

NYSE MATX opened at $111.83 on Thursday. The stock has a 50 day moving average price of $108.76 and a 200-day moving average price of $106.59. Matson, Inc. has a one year low of $64.21 and a one year high of $122.99. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.97 and a current ratio of 0.97. The company has a market capitalization of $3.82 billion, a P/E ratio of 13.19 and a beta of 1.12.

Matson (NYSE:MATX) last released its quarterly earnings data on Tuesday, April 30th. The shipping company reported $1.04 EPS for the quarter, beating the consensus estimate of $0.99 by $0.05. The business had revenue of $722.10 million during the quarter, compared to analyst estimates of $730.44 million. Matson had a net margin of 9.61% and a return on equity of 12.66%. Matson’s quarterly revenue was up 2.5% compared to the same quarter last year. During the same quarter last year, the business earned $0.94 earnings per share. As a group, equities analysts predict that Matson, Inc. will post 8.51 EPS for the current fiscal year.

Matson Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 6th. Shareholders of record on Thursday, May 9th will be given a dividend of $0.32 per share. The ex-dividend date is Wednesday, May 8th. This represents a $1.28 dividend on an annualized basis and a yield of 1.14%. Matson’s dividend payout ratio (DPR) is presently 15.09%.

Hedge Funds Weigh In On Matson

A number of institutional investors and hedge funds have recently modified their holdings of MATX. McGlone Suttner Wealth Management Inc. bought a new stake in Matson in the fourth quarter worth $26,000. USA Financial Formulas bought a new stake in shares of Matson in the 4th quarter worth about $26,000. Security National Bank purchased a new position in shares of Matson during the 4th quarter worth about $36,000. Blue Trust Inc. grew its holdings in Matson by 109.6% during the 4th quarter. Blue Trust Inc. now owns 415 shares of the shipping company’s stock valued at $45,000 after purchasing an additional 217 shares during the last quarter. Finally, Evermay Wealth Management LLC purchased a new stake in Matson in the 4th quarter worth about $66,000. Hedge funds and other institutional investors own 84.76% of the company’s stock.

Analysts Set New Price Targets

MATX has been the topic of a number of recent analyst reports. Stifel Nicolaus raised their price target on Matson from $109.00 to $111.00 and gave the company a “hold” rating in a report on Wednesday, May 1st. StockNews.com downgraded Matson from a “buy” rating to a “hold” rating in a research note on Thursday.

About Matson

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.