Jason Lee Taylor Sells 1,000 Shares of Matson, Inc. (NYSE:MATX) Stock

Matson, Inc. (NYSE:MATX) SVP Jason Lee Taylor sold 1,000 shares of the stock in a transaction that occurred on Wednesday, September 4th. The shares were sold at an average price of $135.73, for a total value of $135,730.00. Following the transaction, the senior vice president now owns 9,392 shares in the company, valued at approximately $1,274,776.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Matson Trading Down 4.2 %

Shares of MATX stock opened at $125.62 on Friday. The firm has a market capitalization of $4.39 billion, a P/E ratio of 14.81 and a beta of 1.09. Matson, Inc. has a 1 year low of $82.68 and a 1 year high of $138.84. The firm’s fifty day simple moving average is $130.73 and its 200 day simple moving average is $119.83. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.15.

Matson (NYSE:MATX) last posted its quarterly earnings data on Thursday, August 1st. The shipping company reported $3.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.05 by $0.26. Matson had a net margin of 10.41% and a return on equity of 13.87%. The company had revenue of $847.40 million for the quarter, compared to the consensus estimate of $861.68 million. As a group, sell-side analysts predict that Matson, Inc. will post 10.49 EPS for the current year.

Matson Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 5th. Shareholders of record on Thursday, August 1st were given a $0.34 dividend. The ex-dividend date of this dividend was Thursday, August 1st. This represents a $1.36 dividend on an annualized basis and a dividend yield of 1.08%. This is an increase from Matson’s previous quarterly dividend of $0.32. Matson’s dividend payout ratio (DPR) is currently 16.04%.

Analyst Ratings Changes

A number of research analysts recently issued reports on MATX shares. StockNews.com lowered shares of Matson from a “strong-buy” rating to a “buy” rating in a research note on Friday. Stephens raised their price target on Matson from $155.00 to $160.00 and gave the company an “overweight” rating in a research report on Friday, August 2nd.

Institutional Trading of Matson

Institutional investors have recently modified their holdings of the company. International Assets Investment Management LLC increased its holdings in Matson by 10,860.0% in the 4th quarter. International Assets Investment Management LLC now owns 32,880 shares of the shipping company’s stock valued at $3,604,000 after buying an additional 32,580 shares during the period. Natixis Advisors L.P. acquired a new stake in shares of Matson during the 4th quarter valued at about $1,663,000. National Bank of Canada FI bought a new stake in Matson in the fourth quarter valued at about $2,088,000. Picton Mahoney Asset Management acquired a new position in Matson in the fourth quarter worth about $261,000. Finally, Astoria Portfolio Advisors LLC. bought a new position in Matson during the fourth quarter worth about $225,000. 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.