Peter T. Heilmann Sells 5,404 Shares of Matson, Inc. (NYSE:MATX) Stock

Matson, Inc. (NYSE:MATX) EVP Peter T. Heilmann sold 5,404 shares of the company’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $162.36, for a total value of $877,393.44. Following the completion of the transaction, the executive vice president now directly owns 32,952 shares in the company, valued at $5,350,086.72. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Matson Trading Up 4.3 %

NYSE MATX traded up $6.80 on Wednesday, hitting $166.03. 556,831 shares of the stock were exchanged, compared to its average volume of 276,089. The company’s 50-day moving average price is $136.73 and its two-hundred day moving average price is $128.27. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.13 and a quick ratio of 1.13. Matson, Inc. has a 52-week low of $89.08 and a 52-week high of $166.05. The company has a market capitalization of $5.51 billion, a price-to-earnings ratio of 13.25 and a beta of 1.06.

Matson (NYSE:MATX) last announced its quarterly earnings data on Wednesday, October 30th. The shipping company reported $5.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.98 by $0.91. Matson had a return on equity of 16.89% and a net margin of 12.37%. The firm had revenue of $962.00 million during the quarter, compared to the consensus estimate of $965.73 million. During the same period in the prior year, the business earned $3.40 EPS. The business’s revenue for the quarter was up 16.3% on a year-over-year basis. Research analysts predict that Matson, Inc. will post 12.11 EPS for the current year.

Matson Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 5th. Investors of record on Thursday, November 7th will be issued a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a dividend yield of 0.82%. The ex-dividend date of this dividend is Thursday, November 7th. Matson’s dividend payout ratio is currently 11.31%.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in MATX. Natixis Advisors LLC raised its holdings in shares of Matson by 0.5% during the third quarter. Natixis Advisors LLC now owns 16,217 shares of the shipping company’s stock worth $2,313,000 after acquiring an additional 78 shares in the last quarter. Aigen Investment Management LP raised its stake in shares of Matson by 15.7% during the 3rd quarter. Aigen Investment Management LP now owns 6,342 shares of the shipping company’s stock worth $904,000 after purchasing an additional 860 shares in the last quarter. Crossmark Global Holdings Inc. lifted its holdings in shares of Matson by 16.3% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 2,787 shares of the shipping company’s stock valued at $397,000 after buying an additional 391 shares during the last quarter. Assetmark Inc. lifted its holdings in shares of Matson by 13.1% during the 3rd quarter. Assetmark Inc. now owns 47,868 shares of the shipping company’s stock valued at $6,827,000 after buying an additional 5,536 shares during the last quarter. Finally, Summit Global Investments grew its stake in shares of Matson by 78.0% in the 3rd quarter. Summit Global Investments now owns 10,425 shares of the shipping company’s stock valued at $1,487,000 after buying an additional 4,567 shares in the last quarter. Institutional investors and hedge funds own 84.76% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on MATX shares. Stephens boosted their target price on Matson from $155.00 to $160.00 and gave the stock an “overweight” rating in a research report on Friday, August 2nd. StockNews.com downgraded Matson from a “strong-buy” rating to a “buy” rating in a report on Friday, September 6th.

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.