Christopher A. Scott Sells 269 Shares of Matson, Inc. (NYSE:MATX) Stock

Matson, Inc. (NYSE:MATX) SVP Christopher A. Scott sold 269 shares of the firm’s stock in a transaction dated Tuesday, November 23rd. The shares were sold at an average price of $88.19, for a total value of $23,723.11. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

NYSE MATX opened at $87.50 on Thursday. Matson, Inc. has a fifty-two week low of $55.41 and a fifty-two week high of $94.54. The stock’s 50-day moving average is $85.36 and its two-hundred day moving average is $74.52. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.88 and a quick ratio of 0.88. The firm has a market cap of $3.68 billion, a P/E ratio of 6.17 and a beta of 0.93.

Matson (NYSE:MATX) last posted its quarterly earnings data on Wednesday, November 3rd. The shipping company reported $6.53 EPS for the quarter, hitting analysts’ consensus estimates of $6.53. The business had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.07 billion. Matson had a return on equity of 54.88% and a net margin of 18.42%. During the same period in the previous year, the company posted $1.63 earnings per share. On average, equities analysts expect that Matson, Inc. will post 15.63 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 2nd. Stockholders of record on Thursday, November 11th will be paid a $0.30 dividend. The ex-dividend date is Tuesday, November 9th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.37%. Matson’s payout ratio is presently 8.46%.

Institutional investors have recently bought and sold shares of the company. KBC Group NV bought a new position in shares of Matson in the third quarter worth about $30,000. Dark Forest Capital Management LP bought a new position in shares of Matson in the second quarter worth about $33,000. O Shaughnessy Asset Management LLC increased its stake in shares of Matson by 75.1% in the second quarter. O Shaughnessy Asset Management LLC now owns 527 shares of the shipping company’s stock worth $34,000 after purchasing an additional 226 shares during the period. Koshinski Asset Management Inc. bought a new position in shares of Matson in the third quarter worth about $35,000. Finally, Selective Wealth Management Inc. bought a new position in shares of Matson in the third quarter worth about $44,000. Institutional investors and hedge funds own 85.04% of the company’s stock.

Separately, Stifel Nicolaus raised their target price on Matson from $80.00 to $92.00 and gave the company a “buy” rating in a report on Tuesday, October 12th.

Matson Company Profile

Matson, Inc is a holding company, which engages in the provision of logistics and transportation services. It operates through the Ocean Transportation and Logistics segments. The Ocean Transportation segment offers ocean freight transportation, container stevedoring, refrigerated cargo services, inland transportation, and other terminal services.

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Insider Buying and Selling by Quarter for Matson (NYSE:MATX)

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