Matson Inc (NYSE:MATX) Director W Blake Baird sold 3,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $39.00, for a total value of $117,000.00. Following the transaction, the director now owns 14,142 shares in the company, valued at approximately $551,538. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Shares of MATX stock traded up $0.03 during midday trading on Tuesday, hitting $39.13. The company had a trading volume of 155,860 shares, compared to its average volume of 155,106. The company’s 50 day simple moving average is $37.89 and its 200 day simple moving average is $37.78. Matson Inc has a 52-week low of $30.60 and a 52-week high of $42.15. The stock has a market cap of $1.65 billion, a price-to-earnings ratio of 15.47, a PEG ratio of 3.87 and a beta of 1.59. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.68 and a quick ratio of 0.68.

Matson (NYSE:MATX) last announced its earnings results on Thursday, November 7th. The shipping company reported $0.84 earnings per share for the quarter, beating the consensus estimate of $0.83 by $0.01. Matson had a return on equity of 11.39% and a net margin of 3.94%. The company had revenue of $572.10 million for the quarter, compared to the consensus estimate of $574.44 million. During the same period last year, the business posted $0.97 EPS. The company’s revenue was down 2.9% on a year-over-year basis. Analysts anticipate that Matson Inc will post 1.99 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 5th. Shareholders of record on Thursday, November 7th will be paid a $0.22 dividend. The ex-dividend date is Wednesday, November 6th. This represents a $0.88 annualized dividend and a dividend yield of 2.25%. Matson’s dividend payout ratio (DPR) is currently 34.78%.

Several hedge funds have recently made changes to their positions in MATX. Seven Post Investment Office LP boosted its stake in shares of Matson by 0.6% in the third quarter. Seven Post Investment Office LP now owns 176,595 shares of the shipping company’s stock valued at $6,624,000 after buying an additional 1,029 shares in the last quarter. Mason Street Advisors LLC boosted its stake in shares of Matson by 1.8% in the third quarter. Mason Street Advisors LLC now owns 14,552 shares of the shipping company’s stock valued at $546,000 after buying an additional 257 shares in the last quarter. Mackay Shields LLC purchased a new stake in shares of Matson in the third quarter valued at approximately $1,932,000. Russell Investments Group Ltd. purchased a new stake in shares of Matson in the third quarter valued at approximately $875,000. Finally, California Public Employees Retirement System boosted its stake in shares of Matson by 36.2% in the third quarter. California Public Employees Retirement System now owns 87,008 shares of the shipping company’s stock valued at $3,264,000 after buying an additional 23,120 shares in the last quarter. Institutional investors own 87.63% of the company’s stock.

MATX has been the topic of a number of research reports. Zacks Investment Research downgraded Matson from a “hold” rating to a “sell” rating in a research note on Tuesday. ValuEngine upgraded Matson from a “hold” rating to a “buy” rating in a research note on Wednesday, November 6th.

About Matson

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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