Matson, Inc. (NYSE:MATX – Get Free Report) CEO Matthew J. Cox sold 6,499 shares of the firm’s stock in a transaction that occurred on Monday, September 30th. The shares were sold at an average price of $143.82, for a total value of $934,686.18. Following the completion of the sale, the chief executive officer now owns 208,898 shares in the company, valued at $30,043,710.36. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.
Matson Stock Down 1.2 %
MATX stock opened at $140.97 on Wednesday. Matson, Inc. has a 12 month low of $82.68 and a 12 month high of $144.93. The firm has a market cap of $4.92 billion, a PE ratio of 16.62 and a beta of 1.07. The firm has a 50 day simple moving average of $132.87 and a 200 day simple moving average of $122.82. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.93 and a quick ratio of 0.93.
Matson (NYSE:MATX – Get Free Report) last issued its quarterly earnings results on Thursday, August 1st. The shipping company reported $3.31 EPS for the quarter, beating the consensus estimate of $3.05 by $0.26. The business had revenue of $847.40 million during the quarter, compared to the consensus estimate of $861.68 million. Matson had a net margin of 10.41% and a return on equity of 13.87%. Equities research analysts forecast that Matson, Inc. will post 11.45 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Matson
Analyst Upgrades and Downgrades
MATX has been the subject of several recent analyst reports. Stephens increased their price objective on shares of Matson from $155.00 to $160.00 and gave the company an “overweight” rating in a report on Friday, August 2nd. StockNews.com cut shares of Matson from a “strong-buy” rating to a “buy” rating in a report on Friday, September 6th.
Read Our Latest Report on Matson
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.
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