Matson (NYSE:MATX – Get Free Report) is scheduled to be posting its quarterly earnings results after the market closes on Tuesday, February 20th. Analysts expect Matson to post earnings of $1.55 per share for the quarter. Individual that are interested in participating in the company’s earnings conference call can do so using this link.
Matson Stock Up 1.0 %
MATX stock opened at $120.77 on Tuesday. Matson has a twelve month low of $56.51 and a twelve month high of $122.45. The company has a market cap of $4.25 billion, a PE ratio of 13.88 and a beta of 1.15. The business’s 50-day simple moving average is $110.40 and its 200 day simple moving average is $97.40. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.17.
Matson Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, March 7th. Investors of record on Thursday, February 8th will be given a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 1.06%. The ex-dividend date of this dividend is Wednesday, February 7th. Matson’s dividend payout ratio (DPR) is presently 14.71%.
Insider Buying and Selling at Matson
Institutional Inflows and Outflows
A number of institutional investors have recently modified their holdings of MATX. Industrial Alliance Investment Management Inc. bought a new position in shares of Matson in the fourth quarter valued at approximately $53,000. Advisory Services Network LLC raised its stake in shares of Matson by 31.7% in the first quarter. Advisory Services Network LLC now owns 1,750 shares of the shipping company’s stock valued at $104,000 after acquiring an additional 421 shares during the last quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC bought a new position in shares of Matson in the first quarter valued at approximately $117,000. Point72 Middle East FZE bought a new position in Matson in the 4th quarter worth approximately $122,000. Finally, State of Wyoming lifted its holdings in Matson by 71.6% during the 4th quarter. State of Wyoming now owns 2,828 shares of the shipping company’s stock worth $177,000 after buying an additional 1,180 shares in the last quarter. Institutional investors own 85.04% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of equities research analysts recently weighed in on the company. Stifel Nicolaus lifted their target price on Matson from $102.00 to $108.00 and gave the stock a “hold” rating in a research report on Friday, January 19th. StockNews.com downgraded Matson from a “buy” rating to a “hold” rating in a research report on Saturday. Finally, Wolfe Research lifted their target price on Matson from $113.00 to $116.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 24th.
Matson, Inc, together with its subsidiaries, 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.
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