Matson, Inc. (NYSE:MATX) has been assigned a consensus rating of “Hold” from the six brokerages that are covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and one has issued a buy recommendation on the company. The average 12-month price objective among brokers that have covered the stock in the last year is $39.00.

Several equities analysts have recently weighed in on the stock. Stephens set a $40.00 target price on shares of Matson and gave the stock a “buy” rating in a research note on Saturday, June 10th. BidaskClub downgraded shares of Matson from a “sell” rating to a “strong sell” rating in a research note on Thursday, June 22nd. Zacks Investment Research downgraded shares of Matson from a “buy” rating to a “hold” rating in a research note on Wednesday, July 5th. Finally, TheStreet downgraded shares of Matson from a “b-” rating to a “c+” rating in a research note on Monday, May 22nd.

In related news, Director Stanley M. Kuriyama purchased 3,300 shares of the business’s stock in a transaction on Wednesday, May 17th. The stock was acquired at an average price of $29.75 per share, with a total value of $98,175.00. Following the purchase, the director now directly owns 32,932 shares in the company, valued at $979,727. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Matthew J. Cox sold 20,000 shares of the business’s stock in a transaction that occurred on Monday, May 8th. The stock was sold at an average price of $32.16, for a total transaction of $643,200.00. Following the completion of the transaction, the chief executive officer now directly owns 241,720 shares of the company’s stock, valued at approximately $7,773,715.20. The disclosure for this sale can be found here. 2.60% of the stock is currently owned by insiders.

Institutional investors have recently added to or reduced their stakes in the company. Ameritas Investment Partners Inc. bought a new position in Matson during the first quarter worth approximately $119,000. UBS Group AG boosted its position in Matson by 14.0% in the first quarter. UBS Group AG now owns 4,019 shares of the shipping company’s stock worth $127,000 after buying an additional 495 shares in the last quarter. Bank of Montreal Can boosted its position in Matson by 10.9% in the first quarter. Bank of Montreal Can now owns 4,419 shares of the shipping company’s stock worth $140,000 after buying an additional 434 shares in the last quarter. State of Alaska Department of Revenue boosted its position in Matson by 2.4% in the first quarter. State of Alaska Department of Revenue now owns 4,760 shares of the shipping company’s stock worth $151,000 after buying an additional 110 shares in the last quarter. Finally, Princeton Alpha Management LP bought a new position in Matson during the first quarter worth approximately $273,000. 84.15% of the stock is owned by institutional investors and hedge funds.

Shares of Matson (NYSE:MATX) traded down 1.84% on Tuesday, hitting $29.40. 14,412 shares of the company’s stock were exchanged. The firm has a market cap of $1.27 billion, a P/E ratio of 18.38 and a beta of 1.14. The stock’s 50 day moving average is $29.81 and its 200 day moving average is $32.91. Matson has a 12 month low of $28.07 and a 12 month high of $43.00.

Matson (NYSE:MATX) last posted its earnings results on Wednesday, May 3rd. The shipping company reported $0.16 earnings per share for the quarter, topping the consensus estimate of $0.15 by $0.01. The firm had revenue of $474.40 million during the quarter, compared to the consensus estimate of $417.03 million. Matson had a net margin of 3.54% and a return on equity of 15.16%. The company’s revenue was up 4.4% on a year-over-year basis. During the same quarter last year, the company earned $0.41 earnings per share. On average, equities analysts predict that Matson will post $1.62 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 7th. Investors of record on Thursday, August 3rd will be paid a dividend of $0.20 per share. The ex-dividend date of this dividend is Tuesday, August 1st. This represents a $0.80 annualized dividend and a yield of 2.67%. This is a boost from Matson’s previous quarterly dividend of $0.19. Matson’s payout ratio is currently 47.80%.

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Matson Company Profile

Matson, Inc is a transportation company in the Marine industry.

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