Matson Inc. (NYSE:MATX) has been given a consensus broker rating score of 1.67 (Buy) from the three brokers that cover the company, Zacks Investment Research reports. One research analyst has rated the stock with a hold rating and two have assigned a strong buy rating to the company.
Analysts have set a 1-year consensus price objective of $49.00 for the company and are predicting that the company will post $0.71 earnings per share for the current quarter, according to Zacks. Zacks has also given Matson an industry rank of 103 out of 265 based on the ratings given to related companies.
A number of analysts recently issued reports on the stock. Zacks Investment Research upgraded shares of Matson from a “sell” rating to a “hold” rating in a research note on Friday, July 8th. Stifel Nicolaus restated a “buy” rating and issued a $46.00 price target on shares of Matson in a research note on Monday, October 10th.
In other news, SVP Vic S. Angoco, Jr. sold 11,476 shares of the business’s stock in a transaction on Monday, August 29th. The shares were sold at an average price of $36.35, for a total transaction of $417,152.60. Following the completion of the transaction, the senior vice president now owns 51,621 shares of the company’s stock, valued at $1,876,423.35. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director W Blake Baird sold 1,000 shares of the business’s stock in a transaction on Friday, September 2nd. The shares were sold at an average price of $41.67, for a total transaction of $41,670.00. Following the transaction, the director now directly owns 17,745 shares of the company’s stock, valued at approximately $739,434.15. The disclosure for this sale can be found here. 2.36% of the stock is currently owned by company insiders.
Several institutional investors have recently made changes to their positions in the stock. Tower Research Capital LLC TRC increased its position in shares of Matson by 3,374.0% in the second quarter. Tower Research Capital LLC TRC now owns 3,474 shares of the company’s stock valued at $112,000 after buying an additional 3,374 shares during the period. Bank of Montreal Can purchased a new position in shares of Matson during the second quarter valued at about $127,000. PineBridge Investments L.P. increased its position in shares of Matson by 3.3% in the second quarter. PineBridge Investments L.P. now owns 5,485 shares of the company’s stock valued at $177,000 after buying an additional 176 shares during the period. Mason Street Advisors LLC purchased a new position in shares of Matson during the second quarter valued at about $273,000. Finally, KCG Holdings Inc. purchased a new position in shares of Matson during the second quarter valued at about $356,000. 81.88% of the stock is owned by institutional investors.
Matson (NYSE:MATX) opened at 39.35 on Wednesday. Matson has a 12 month low of $30.54 and a 12 month high of $53.18. The stock has a market cap of $1.69 billion, a P/E ratio of 16.52 and a beta of 1.19. The firm’s 50-day moving average is $39.79 and its 200-day moving average is $36.41.
Matson (NYSE:MATX) last issued its quarterly earnings results on Tuesday, August 2nd. The company reported $0.42 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.42. The business earned $467.70 million during the quarter, compared to analyst estimates of $487.35 million. Matson had a net margin of 5.31% and a return on equity of 25.99%. The business’s revenue was up 4.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.56 earnings per share. On average, equities analysts forecast that Matson will post $2.05 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 1st. Shareholders of record on Thursday, November 10th will be issued a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 1.93%. The ex-dividend date of this dividend is Tuesday, November 8th. Matson’s dividend payout ratio is presently 32.20%.
Matson Inc is a transportation company in the Marine industry.