According to Zacks, “Matson, Inc. operates as an ocean transportation and logistics company. It offers shipping services in Hawaii, Guam, and Micronesia islands and expedited service from China to southern California. The company’s logistics services consist of rail intermodal service, long haul and regional highway truckload services, less-than-truckload transportation, specialized hauling, flatbed, and project works, warehousing and distribution services, transloading, cross-dock services, and packaging services, and network analysis and freight management services. Matson, Inc., formerly known as Alexander & Baldwin Holdings, Inc., is headquartered in Honolulu, Hawaii. “
Separately, ValuEngine upgraded Matson from a “hold” rating to a “buy” rating in a report on Wednesday, July 31st.
MATX stock opened at $39.35 on Tuesday. The company has a debt-to-equity ratio of 1.28, a current ratio of 0.68 and a quick ratio of 0.68. The business has a 50-day moving average price of $37.91 and a 200 day moving average price of $37.79. The company has a market capitalization of $1.74 billion, a P/E ratio of 15.55, a PEG ratio of 4.04 and a beta of 1.59. Matson has a 1-year low of $30.60 and a 1-year high of $42.15.
Matson (NYSE:MATX) last released its quarterly earnings data on Wednesday, August 7th. The shipping company reported $0.43 earnings per share for the quarter, missing the consensus estimate of $0.63 by ($0.20). The firm had revenue of $557.90 million during the quarter, compared to the consensus estimate of $577.55 million. Matson had a net margin of 4.15% and a return on equity of 12.30%. The business’s revenue was up .1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.76 earnings per share. On average, analysts anticipate that Matson will post 2.01 earnings per share for the current fiscal year.
In other Matson news, SVP Rusty K. Rolfe sold 3,047 shares of the business’s stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $40.67, for a total value of $123,921.49. Following the completion of the transaction, the senior vice president now directly owns 56,304 shares in the company, valued at $2,289,883.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Vic S. Angoco, Jr. sold 16,100 shares of the business’s stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $35.14, for a total transaction of $565,754.00. Following the completion of the transaction, the insider now owns 43,926 shares of the company’s stock, valued at $1,543,559.64. The disclosure for this sale can be found here. Insiders own 2.00% of the company’s stock.
A number of institutional investors have recently made changes to their positions in the business. Mason Street Advisors LLC raised its holdings in Matson by 1.8% in the third quarter. Mason Street Advisors LLC now owns 14,552 shares of the shipping company’s stock worth $546,000 after purchasing an additional 257 shares in the last quarter. Municipal Employees Retirement System of Michigan grew its stake in shares of Matson by 2.3% during the second quarter. Municipal Employees Retirement System of Michigan now owns 12,810 shares of the shipping company’s stock worth $498,000 after acquiring an additional 290 shares during the last quarter. US Bancorp DE grew its stake in shares of Matson by 38.3% during the second quarter. US Bancorp DE now owns 1,051 shares of the shipping company’s stock worth $41,000 after acquiring an additional 291 shares during the last quarter. Oregon Public Employees Retirement Fund grew its stake in shares of Matson by 1.8% during the second quarter. Oregon Public Employees Retirement Fund now owns 16,839 shares of the shipping company’s stock worth $654,000 after acquiring an additional 300 shares during the last quarter. Finally, Arizona State Retirement System grew its stake in shares of Matson by 0.6% during the second quarter. Arizona State Retirement System now owns 66,432 shares of the shipping company’s stock worth $2,581,000 after acquiring an additional 367 shares during the last quarter. Institutional investors and hedge funds own 87.58% of the company’s stock.
Matson, Inc provides ocean transportation and logistics services. The company's Ocean Transportation segment offers ocean freight transportation services to the domestic non-contiguous economies of Hawaii, Alaska, and Guam, as well as to other island economies in Micronesia. It primarily transports dry containers of mixed commodities, refrigerated commodities, packaged foods and beverages, building materials, automobiles, and household goods; livestock; seafood; general sustenance cargo; and garments, footwear, and other retail merchandise.
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