Matson (NYSE:MATX) Stock, Quote.Headers.trade-ideas

Matson

Matson Inc is engaged in providing ocean transportation and logistics services. The business segments of the company are Ocean Transportation which provides ocean freight transportation services to the domestic non-contiguous economies of Hawaii, Alaska, California, Okinawa, and different islands in the South Pacific, and Logistics segment which offers long haul and regional highway trucking services, warehousing and distribution services, supply chain management, and freight forwarding services. The firm generates the majority of its revenue from Ocean Transportation segment.

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Matson (NYSE: MATX) recently announced a 6.3% hike in its quarterly dividend, taking the total to 34 cents per share (annualized $1.36). The first installment of the increased dividend will be paid out on Sep 5, 2024, to its shareholders of record as of Aug 1.

Matson Rewards Shareholders With 6.3% Dividend Hike

Matson Inc

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page</a>.
<ul>
<li>Needham analyst Ami Fadia downgraded the rating for Biogen Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BIIB#NASDAQ">BIIB</a>) from Buy to Hold and maintained the price target of $270. Biogen shares closed at $159.99 on Friday. <a href="https://www.benzinga.com/quote/BIIB/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Wolfe Research analyst Jacob Lacks downgraded the rating for Matson, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MATX#NYSE">MATX</a>) from Outperform to Peer Perform. Matson shares closed at $160.65 on Friday. <a href="https://www.benzinga.com/quote/MATX/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Barclays analyst Nicholas Campanella downgraded Pinnacle West Capital Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PNW#NYSE">PNW</a>) from Overweight to Equal-Weight and lowered the price target from $93 to $91. Pinnacle West Capital shares closed at $91.88 on Friday. <a href="https://www.benzinga.com/quote/PNW/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Argus Research analyst John Eade downgraded the rating for Fortive Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FTV#NYSE">FTV</a>) from Buy to Hold. Fortive shares closed at $74.82 on Friday. <a href="https://www.benzinga.com/quote/FTV/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Stifel analyst Nathan Jones downgraded Curtiss-Wright Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CW#NYSE">CW</a>) from Buy to Hold and maintained the price target of $370. Curtiss-Wright shares closed at $358.35 on Friday. <a href="https://www.benzinga.com/quote/CW/analyst-ratings">See how other analysts view this stock.</a></li>
</ul>
Considering buying BIIB stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="548" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/18081441/image-183-1024x548.png" alt="" class="wp-image-652880" style="width:643px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/18081441/image-183-1024x548.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/18081441/image-183-300x161.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/18081441/image-183-768x411.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/18081441/image-183.png 1237w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
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Wolfe Research analyst Jacob Lacks downgrades Matson (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MATX#NYSE">MATX</a>) from Outperform to Peer Perform.

Wolfe Research Downgrades Matson to Peer Perform

On November 6, a recent SEC filing unveiled that Peter T Heilmann, EVP at Matson (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MATX#NYSE">MATX</a>) made an insider sell.
What Happened: Heilmann's decision to sell 5,404 shares of Matson was revealed in a Form 4 filing with the <a href="https://www.sec.gov/Archives/edgar/data/0000003453/000122520824009681//Archives/edgar/data/3453/000122520824009681/0001225208-24-009681-index.htm">U.S. Securities and Exchange Commission</a> on Wednesday. The total value of the sale is $877,373.
In the Thursday's morning session, Matson's shares are currently trading at $166.03, experiencing a up of 0.21%.
<h3>Discovering Matson: A Closer Look</h3>
Matson Inc is engaged in providing ocean transportation and logistics services. The business segments of the company are Ocean Transportation which provides ocean freight transportation services to the domestic non-contiguous economies of Hawaii, Alaska, California, Okinawa, and different islands in the South Pacific, and Logistics segment which offers long haul and regional highway trucking services, warehousing and distribution services, supply chain management, and freight forwarding services. The firm generates the majority of its revenue from Ocean Transportation segment.
<h3>Matson: A Financial Overview</h3>
Positive Revenue Trend: Examining Matson's financials over 3 months reveals a positive narrative. The company achieved a noteworthy revenue growth rate of 16.25% as of 30 September, 2024, showcasing a substantial increase in top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Industrials sector.
Profitability Metrics: Unlocking Value
<ul>
<li>
Gross Margin: The company issues a cost efficiency warning with a low gross margin of 31.99%, indicating potential difficulties in maintaining profitability compared to its peers.
</li>
<li>
Earnings per Share (EPS): Matson's EPS is significantly higher than the industry average. The company demonstrates a robust bottom-line performance with a current EPS of 5.98.
</li>
</ul>
Debt Management: Matson's debt-to-equity ratio is below the industry average at 0.26, reflecting a lower dependency on debt financing and a more conservative financial approach.
Navigating Market Valuation:
<ul>
<li>
Price to Earnings (P/E) Ratio: A higher-than-average P/E ratio of 13.96 suggests caution, as the stock may be overvalued in the eyes of investors.
</li>
<li>
Price to Sales (P/S) Ratio: With a higher-than-average P/S ratio of 1.73, Matson's stock is perceived as being overvalued in the market, particularly in relation to sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): Matson's EV/EBITDA ratio, surpassing industry averages at 7.19, positions it with an above-average valuation in the market.
</li>
</ul>
Market Capitalization: Positioned above industry average, the company's market capitalization underscores its superiority in size, indicative of a strong market presence.
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<h3>Delving Into the Significance of Insider Transactions</h3>
In the complex landscape of investment decisions, investors should approach insider transactions as part of a comprehensive analysis, considering various elements.
In the realm of legality, an "insider" is defined as any officer, director, or beneficial owner holding more than ten percent of a company's equity securities under Section 12 of the Securities Exchange Act of 1934. This includes executives in the c-suite and major hedge funds. These insiders are required to disclose their transactions through a Form 4 filing, to be submitted within two business days of the transaction.
Notably, when a company insider makes a new purchase, it is considered an indicator of their positive expectations for the stock.
Conversely, insider sells may not necessarily signal a bearish stance on the stock and can be motivated by various factors.
<h3>Transaction Codes To Focus On</h3>
<a href="https://www.benzinga.com/money/investing-tools">Investors</a> prefer focusing on transactions that take place in the open market, indicated in Table I of the Form 4 filing. A P in Box 3 indicates a purchase, while S indicates a sale. Transaction code C indicates the conversion of an option, and transaction code A indicates grant, award or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0000003453">Check Out The Full List Of Matson's Insider Trades.</a>
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This article was generated by Benzinga's automated content engine and reviewed by an editor.

Insider Trades

Peter T Heilmann Implements A Sell Strategy: Offloads $877K In Matson Stock

WIIM

Matson shares are trading higher after the company reported better-than-expecpted Q3 adjusted EUPS results.

Matson (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MATX#NYSE">MATX</a>) reported quarterly earnings of $5.89 per share which beat the analyst consensus estimate of $4.75 by 24 percent. The company reported quarterly sales of $962.000 million which missed the analyst consensus estimate of $965.729 million by 0.39 percent. This is a 16.25 percent increase over sales of $827.500 million the same period last year.

Earnings

Earnings Beats

Earnings Misses

Matson Q3 2024 Adj. EPS $5.89 Beats $4.75 Estimate, Sales $962.000M Miss $965.729M Estimate

Matson (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MATX#NYSE">MATX</a>) will release its quarterly earnings report on Wednesday, 2024-10-30. Here's a brief overview for investors ahead of the announcement.
Analysts anticipate Matson to report an earnings per share (EPS) of $4.74.
Matson bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
<h3>Earnings History Snapshot</h3>
The company's EPS beat by $0.31 in the last quarter, leading to a 2.26% increase in the share price on the following day.
Here's a look at Matson's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q2 2024</th>
<th>Q1 2024</th>
<th>Q4 2023</th>
<th>Q3 2023</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>3</td>
<td>1.04</td>
<td>1.51</td>
<td>3.08</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>3.31</td>
<td>1.04</td>
<td>1.78</td>
<td>3.40</td>
</tr>
<tr>
<td>Price Change %</td>
<td>2.0%</td>
<td>-2.0%</td>
<td>-1.0%</td>
<td>-4.0%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2024/1730210586_0.png" alt="eps graph" />
<h3>Matson Share Price Analysis</h3>
Shares of Matson were trading at $133.18 as of October 28. Over the last 52-week period, shares are up 49.66%. Given that these returns are generally positive, long-term shareholders should be satisfied going into this earnings release. 
<h3>Analysts' Take on Matson</h3>
For investors, staying informed about market sentiments and expectations in the industry is paramount. This analysis provides an exploration of the latest insights on Matson.
Analysts have given Matson a total of 1 ratings, with the consensus rating being Outperform. The average one-year price target is $160.0, indicating a potential 20.14% upside.
<h3>Comparing Ratings with Competitors</h3>
The analysis below examines the analyst ratings and average 1-year price targets of Star Bulk Carriers, Golden Ocean Group and Navios Maritime Partners, three significant industry players, providing valuable insights into their relative performance expectations and market positioning.
<ul>
<li>The consensus among analysts is an Buy trajectory for Star Bulk Carriers, with an average 1-year price target of $23.5, indicating a potential 82.35% downside.</li>
<li>The consensus outlook from analysts is an Neutral trajectory for Golden Ocean Group, with an average 1-year price target of $14.5, indicating a potential 89.11% downside.</li>
<li>Analysts currently favor an Buy trajectory for Navios Maritime Partners, with an average 1-year price target of $80.0, suggesting a potential 39.93% downside.</li>
</ul>
<h3>Insights: Peer Analysis</h3>
The peer analysis summary outlines pivotal metrics for Star Bulk Carriers, Golden Ocean Group and Navios Maritime Partners, demonstrating their respective standings within the industry and offering valuable insights into their market positions and comparative performance.

<table>
<thead>
<tr>
<th>Company</th>
<th>Consensus</th>
<th>Revenue Growth</th>
<th>Gross Profit</th>
<th>Return on Equity</th>
</tr>
</thead>
<tbody>
<tr>
<td>Matson</td>
<td>Outperform</td>
<td>9.57%</td>
<td>$200.50M</td>
<td>4.74%</td>
</tr>
<tr>
<td>Star Bulk Carriers</td>
<td>Buy</td>
<td>47.84%</td>
<td>$131.76M</td>
<td>5.10%</td>
</tr>
<tr>
<td>Golden Ocean Group</td>
<td>Neutral</td>
<td>17.20%</td>
<td>$91.01M</td>
<td>3.24%</td>
</tr>
<tr>
<td>Navios Maritime Partners</td>
<td>Buy</td>
<td>-1.38%</td>
<td>$141.61M</td>
<td>3.44%</td>
</tr>
</tbody>
</table>

Key Takeaway:
Matson ranks highest in Revenue Growth among its peers. It is in the middle for Gross Profit. Matson is at the bottom for Return on Equity.
<h3>Get to Know Matson Better</h3>
Matson Inc is engaged in providing ocean transportation and logistics services. The business segments of the company are Ocean Transportation which provides ocean freight transportation services to the domestic non-contiguous economies of Hawaii, Alaska, California, Okinawa, and different islands in the South Pacific, and Logistics segment which offers long haul and regional highway trucking services, warehousing and distribution services, supply chain management, and freight forwarding services. The firm generates the majority of its revenue from Ocean Transportation segment.
<h3>Key Indicators: Matson's Financial Health</h3>
Market Capitalization: Positioned above industry average, the company's market capitalization underscores its superiority in size, indicative of a strong market presence.
Revenue Growth: Over the 3 months period, Matson showcased positive performance, achieving a revenue growth rate of 9.57% as of 30 June, 2024. This reflects a substantial increase in the company's top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Industrials sector.
Net Margin: Matson's net margin is below industry averages, indicating potential challenges in maintaining strong profitability. With a net margin of 13.36%, the company may face hurdles in effective cost management.
Return on Equity (ROE): The company's ROE is a standout performer, exceeding industry averages. With an impressive ROE of 4.74%, the company showcases effective utilization of equity capital.
Return on Assets (ROA): Matson's ROA excels beyond industry benchmarks, reaching 2.67%. This signifies efficient management of assets and strong financial health.
Debt Management: Matson's debt-to-equity ratio is below the industry average at 0.28, reflecting a lower dependency on debt financing and a more conservative financial approach.
<a href="https://www.benzinga.com/quote/MATX/earnings">To track all earnings releases for Matson visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

A Peek at Matson's Future Earnings

Matson Begins Construction On First Of Three $1B LNG-Powered Aloha Class Containerships As Part Of Long-Term Decarbonization Strategy

Revealing a significant insider sell on August 22, Richard S Kinney, Senior Vice President at Matson (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MATX#NYSE">MATX</a>), as per the latest SEC filing.
What Happened: After conducting a thorough analysis, Kinney sold 1,615 shares of Matson. This information was disclosed in a Form 4 filing with the <a href="https://www.sec.gov/Archives/edgar/data/0000003453/000122520824008135//Archives/edgar/data/3453/000122520824008135/0001225208-24-008135-index.htm">U.S. Securities and Exchange Commission</a> on Thursday. The total transaction value is $215,796.
The latest update on Thursday morning shows Matson shares down by 0.0%, trading at $133.73.
<h3>About Matson</h3>
Matson Inc is engaged in providing ocean transportation and logistics services. The business segments of the company are Ocean Transportation which provides ocean freight transportation services to the domestic non-contiguous economies of Hawaii, Alaska, California, Okinawa, and different islands in the South Pacific, and Logistics segment which offers long haul and regional highway trucking services, warehousing and distribution services, supply chain management, and freight forwarding services. The firm generates the majority of its revenue from Ocean Transportation segment.
<h3>Matson: A Financial Overview</h3>
Revenue Growth: Matson's remarkable performance in 3 months is evident. As of 30 June, 2024, the company achieved an impressive revenue growth rate of 9.57%. This signifies a substantial increase in the company's top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Industrials sector.
Insights into Profitability:
<ul>
<li>
Gross Margin: The company faces challenges with a low gross margin of 23.66%, suggesting potential difficulties in cost control and profitability compared to its peers.
</li>
<li>
Earnings per Share (EPS): The company excels with an EPS that surpasses the industry average. With a current EPS of 3.34, Matson showcases strong earnings per share.
</li>
</ul>
Debt Management: The company maintains a balanced debt approach with a debt-to-equity ratio below industry norms, standing at 0.28.
Understanding Financial Valuation:
<ul>
<li>
Price to Earnings (P/E) Ratio: The current Price to Earnings ratio of 14.14 is higher than the industry average, indicating the stock is priced at a premium level according to the market sentiment.
</li>
<li>
Price to Sales (P/S) Ratio: The Price to Sales ratio is 1.47, which is lower than the industry average. This suggests a possible undervaluation based on sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): The company's EV/EBITDA ratio 7.07 is below the industry average, indicating that it may be relatively undervalued compared to peers.
</li>
</ul>
Market Capitalization: Boasting an elevated market capitalization, the company surpasses industry averages. This signals substantial size and strong market recognition.
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<h3>Exploring the Significance of Insider Trading</h3>
Emphasizing the importance of a comprehensive approach, considering insider transactions is valuable, but it's crucial to evaluate them in conjunction with other investment factors.
Considering the legal perspective, an "insider" is defined as any officer, director, or beneficial owner holding more than ten percent of a company's equity securities, according to Section 12 of the Securities Exchange Act of 1934. This includes executives in the c-suite and major hedge funds. These insiders are mandated to disclose their transactions through a Form 4 filing, to be submitted within two business days of the transaction.
Pointing towards optimism, a company insider's new purchase signals their positive anticipation for the stock to rise.
Nevertheless, insider sells may not necessarily indicate a bearish view and can be influenced by various factors.
<h3>Breaking Down the Significance of Transaction Codes</h3>
Delving into transactions, <a href="https://www.benzinga.com/money/investing-tools">investors</a> typically prioritize those unfolding in the open market, as precisely outlined in Table I of the Form 4 filing. A P in Box 3 indicates a purchase, while S signifies a sale. Transaction code C signals the conversion of an option, and transaction code A denotes a grant, award, or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0000003453">Check Out The Full List Of Matson's Insider Trades.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Richard S Kinney Takes Money Off The Table, Sells $215K In Matson Stock

Possible labor strikes at U.S. East and Gulf coast ports and Canadian railways may lead to volatility in <a href="https://www.benzinga.com/news/global/24/08/40451543/transatlantic-container-shipping-volumes-rise-as-possible-strike-at-u-s-ports-hovers">container freight rates</a> by causing supply-chain disruptions for the container industry and cargo owners, according to an industry expert.
&#8220;With the looming strikes at Canadian railways and U.S. ports, we may see an immediate uptick in freight rates as market participants brace for significant disruptions,&#8221; said Christian Roeloffs, CEO of German online container marketplace Container xChange.
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&#8220;The possibility of simultaneous strikes at U.S. ports and Canadian railways present a perfect storm for North American trade.&#8221;
Canadian&nbsp;National&nbsp;Railway and&nbsp;Canadian&nbsp;Pacific Kansas City plan to lock out thousands of rail workers on Thursday if they cannot reach labor agreements with the Teamsters Canada Rail Conference, Reuters reported.
The Teamsters issued a 72-hour strike notice on Sunday to CPKC ahead of the company's lockout notice.
Meanwhile, the International Longshoreman Association, which represents 45,000 dockworkers at three dozen U.S. ports, plans to go on strike on Oct. 1 if it does not sign a new labor contract with the U.S. Maritime Alliance by that date.
Price Action: Container leasing and container liner stocks saw gains and losses on Wednesday.
<ul>
<li>Triton International Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TRTN#NYSE">TRTN</a>) was down 0.53% to close at $26.18</li>
<li>Euroseas Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ESEA#NASDAQ">ESEA</a>) declined 4.98% to $45.42.</li>
<li>Global Ship Lease, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GSL#NYSE">GSL</a>) slipped 0.87% to $26.17</li>
<li>Matson, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MATX#NYSE">MATX</a>) picked up 2.09% to $133.73</li>
<li>Danaos Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DAC#NYSE">DAC</a>) declined 0.90% to $82.36</li>
</ul>
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Photo: Shutterstock

Strikes At US Ports, Canada's Railways May Cause Container Freight Rate Volatility

A substantial insider sell was reported on August 7, by Peter T Heilmann, EVP at Matson (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MATX#NYSE">MATX</a>), based on the recent SEC filing.
What Happened: Heilmann's decision to sell 10,000 shares of Matson was revealed in a Form 4 filing with the <a href="https://www.sec.gov/Archives/edgar/data/0000003453/000122520824007907//Archives/edgar/data/3453/000122520824007907/0001225208-24-007907-index.htm">U.S. Securities and Exchange Commission</a> on Wednesday. The total value of the sale is $1,293,739.
In the Thursday's morning session, Matson's shares are currently trading at $128.11, experiencing a down of 0.0%.
<h3>All You Need to Know About Matson</h3>
Matson Inc is engaged in providing ocean transportation and logistics services. The business segments of the company are Ocean Transportation which provides ocean freight transportation services to the domestic non-contiguous economies of Hawaii, Alaska, California, Okinawa, and different islands in the South Pacific, and Logistics segment which offers long haul and regional highway trucking services, warehousing and distribution services, supply chain management, and freight forwarding services. The firm generates the majority of its revenue from Ocean Transportation segment.
<h3>Unraveling the Financial Story of Matson</h3>
Revenue Growth: Matson's revenue growth over a period of 3 months has been noteworthy. As of 30 June, 2024, the company achieved a revenue growth rate of approximately 9.57%. This indicates a substantial increase in the company's top-line earnings. As compared to its peers, the revenue growth lags behind its industry peers. The company achieved a growth rate lower than the average among peers in Industrials sector.
Insights into Profitability:
<ul>
<li>
Gross Margin: The company faces challenges with a low gross margin of 23.66%, suggesting potential difficulties in cost control and profitability compared to its peers.
</li>
<li>
Earnings per Share (EPS): Matson's EPS is notably higher than the industry average. The company achieved a positive bottom-line trend with a current EPS of 3.34.
</li>
</ul>
Debt Management: With a below-average debt-to-equity ratio of 0.28, Matson adopts a prudent financial strategy, indicating a balanced approach to debt management.
Assessing Valuation Metrics:
<ul>
<li>
Price to Earnings (P/E) Ratio: Matson's P/E ratio of 13.54 is below the industry average, suggesting the stock may be undervalued.
</li>
<li>
Price to Sales (P/S) Ratio: The P/S ratio of 1.41 is lower than the industry average, implying a discounted valuation for Matson's stock in relation to sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): The company's EV/EBITDA ratio of 6.8 trails industry averages, indicating a potential disparity in market valuation that could be advantageous for investors.
</li>
</ul>
Market Capitalization Analysis: Above industry benchmarks, the company's market capitalization emphasizes a noteworthy size, indicative of a strong market presence.
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<h3>Illuminating the Importance of Insider Transactions</h3>
Insider transactions are not the sole determinant of investment choices, but they are a factor worth considering.
In legal terms, an "insider" refers to any officer, director, or beneficial owner of more than ten percent of a company's equity securities registered under Section 12 of the Securities Exchange Act of 1934. This can include executives in the c-suite and large hedge funds. These insiders are required to let the public know of their transactions via a Form 4 filing, which must be filed within two business days of the transaction.
When a company insider makes a new purchase, that is an indication that they expect the stock to rise.
Insider sells, on the other hand, can be made for a variety of reasons, and may not necessarily mean that the seller thinks the stock will go down. 
<h3>Understanding Crucial Transaction Codes</h3>
When analyzing transactions, <a href="https://www.benzinga.com/money/investing-tools">investors</a> tend to focus on those in the open market, detailed in Table I of the Form 4 filing. A P in Box 3 denotes a purchase,while S signifies a sale. Transaction code C signals the conversion of an option, and transaction code A denotes a grant, award, or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0000003453">Check Out The Full List Of Matson's Insider Trades.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Peter T Heilmann Executes Sell Order: Offloads $1.29M In Matson Stock

Stephens &amp; Co. analyst Jack Atkins maintains Matson (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MATX#NYSE">MATX</a>) with a Overweight and raises the price target from $155 to $160.

Price Target

Stephens & Co. Maintains Overweight on Matson, Raises Price Target to $160

Guidance

Matson Expects Q3 2024 Ocean Transportation Operating Income To Be Significantly Higher Than $118.2M Last Year; Q4 2024 Operating Income Expected To Be Moderately Higher Than $66.4M In Q4 2023

Matson (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MATX#NYSE">MATX</a>) reported quarterly earnings of $3.31 per share which beat the analyst consensus estimate of $3.00 by 10.33 percent. The company reported quarterly sales of $847.40 million which beat the analyst consensus estimate of $839.49 million by 0.94 percent. This is a 9.57 percent increase over sales of $773.40 million the same period last year.

Matson Q2 2024 Adj EPS $3.31 Beats $3.00 Estimate, Sales $847.40M Beat $839.49M Estimate

Matson&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/matx#NYSE">MATX</a>) recently announced a 6.3% hike in its quarterly dividend, taking the total to 34 cents per share (annualized $1.36). The first installment of the increased dividend will be paid out on Sep 5, 2024, to its shareholders of record as of Aug 1.
The upped dividend highlights this transportation company&#39;s commitment to creating value for its shareholders. MATX&#39;s dividend yield based on the new payout and Jun 27&#39;s closing price is 1.06%. The current increase marks the seventh dividend hike by the company in the last five years.
Per chairman and CEO Matt Cox, &quot;The increase reflects the strength of our business and confidence in our long-term free cash flow growth. As always, we remain committed to the return of excess capital to shareholders through the execution of share repurchases after funding our dividend, supporting our operations with maintenance capital, and investing in growth opportunities, while maintaining an investment grade balance sheet.&quot;
Matson, currently sporting a Zacks Rank #1 (Strong Buy), is also active on the buyback front. Investors should note that Matson has a 5-year median return on capital of 14.3%, which is higher than its industry&#39;s 10%, depicting the company&#39;s financial efficiency.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/d1/69834.jpg?v=1441934294" /> 
Image Source: Zacks Investment Research
Matson is not the only player from the Zacks&nbsp;Transportation&nbsp;sector to have hiked quarterly dividends in 2024. In June,&nbsp;FedEx&#39;s (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/fdx#NYSE">FDX</a>) board of directors approved a dividend hike of 10%, thereby raising its quarterly cash dividend to $1.38 per share ($5.52 annualized). In January,&nbsp;GATX Corporation&#39;s (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/gatx#NYSE">GATX</a>) board of directors announced a dividend hike of 5.5%, which raised its quarterly cash dividend to 58 cents per share. Notably, 2024 marks the 106th consecutive year of GATX paying out dividends.
Dividend-paying stocks provide a solid income stream and have fewer chances of experiencing wild price swings. Dividend stocks, like MATX, are safe bets for creating wealth, as the payouts generally act as a hedge against economic uncertainty like the current scenario.
<a href="https://www.zacks.com/stock/news/2294793/matson-matx-rewards-shareholders-with-6-3-dividend-hike?cid=CS-BENZ-FT-analyst_blog|company_news_corporate_actions-2294793">To read this article on Zacks.com click here.</a>

The Board of Directors of&nbsp;Matson, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MATX#NYSE">MATX</a>), a leading U.S. carrier in the Pacific, has declared a third quarter dividend of $0.34 per common share. The dividend represents a two-cent, or 6.3%, increase over the previous quarter's dividend and will be paid on September 5, 2024 to all shareholders of record as of the close of business on August 1, 2024.

Dividends

Matson Increases Quarterly Dividend From $0.32 To $0.34 Per Share

Stephens &amp; Co. analyst Daniel Imbro reiterates Matson (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MATX#NYSE">MATX</a>) with a Overweight and maintains $135 price target.

Reiteration

Stephens & Co. Reiterates Overweight on Matson, Maintains $135 Price Target

It was reported on May 7, that Leonard P Isotoff, Senior Vice President at Matson (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MATX#NYSE">MATX</a>) executed a significant insider sell, according to an SEC filing.
What Happened: Isotoff's decision to sell 2,800 shares of Matson was revealed in a Form 4 filing with the <a href="https://www.sec.gov/Archives/edgar/data/0000003453/000122520824005740//Archives/edgar/data/3453/000122520824005740/0001225208-24-005740-index.htm">U.S. Securities and Exchange Commission</a> on Tuesday. The total value of the sale is $314,945.
At Wednesday morning, Matson shares are up by 0.29%, trading at $112.03.
<h3>Unveiling the Story Behind Matson</h3>
Matson Inc is engaged in providing ocean transportation and logistics services. The business segments of the company are Ocean Transportation which provides ocean freight transportation services to the domestic non-contiguous economies of Hawaii, Alaska, California, Okinawa, and different islands in the South Pacific, and Logistics segment which offers long haul and regional highway trucking services, warehousing and distribution services, supply chain management, and freight forwarding services. The firm generates the majority of its revenue from Ocean Transportation segment.
<h3>Understanding the Numbers: Matson's Finances</h3>
Decline in Revenue: Over the 3 months period, Matson faced challenges, resulting in a decline of approximately -8.47% in revenue growth as of 31 March, 2024. This signifies a reduction in the company's top-line earnings. As compared to its peers, the revenue growth lags behind its industry peers. The company achieved a growth rate lower than the average among peers in Industrials sector.
Profitability Metrics: Unlocking Value
<ul>
<li>
Gross Margin: With a low gross margin of 15.22%, the company exhibits below-average profitability, signaling potential struggles in cost efficiency compared to its industry peers.
</li>
<li>
Earnings per Share (EPS): Matson's EPS lags behind the industry average, indicating concerns and potential challenges with a current EPS of 1.05.
</li>
</ul>
Debt Management: Matson's debt-to-equity ratio is below industry norms, indicating a sound financial structure with a ratio of 0.18.
Evaluating Valuation:
<ul>
<li>
Price to Earnings (P/E) Ratio: With a lower-than-average P/E ratio of 13.31, the stock indicates an attractive valuation, potentially presenting a buying opportunity.
</li>
<li>
Price to Sales (P/S) Ratio: The current P/S ratio of 1.27 is below industry norms, suggesting potential undervaluation and presenting an investment opportunity for those considering sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): Matson's EV/EBITDA ratio of 6.75 exceeds industry averages, indicating a premium valuation in the market
</li>
</ul>
Market Capitalization: Surpassing industry standards, the company's market capitalization asserts its dominance in terms of size, suggesting a robust market position.
<a href="https://www.schwab.com/brokerage?aff=XEC">Now trade stocks online commission free with Charles Schwab, a trusted and complete investment firm.</a>
<h3>Why Pay Attention to Insider Transactions</h3>
Insider transactions contribute to decision-making but should be supplemented by a comprehensive investment analysis.
In legal terms, an "insider" refers to any officer, director, or beneficial owner of more than ten percent of a company's equity securities registered under Section 12 of the Securities Exchange Act of 1934. This can include executives in the c-suite and large hedge funds. These insiders are required to let the public know of their transactions via a Form 4 filing, which must be filed within two business days of the transaction.
When a company insider makes a new purchase, that is an indication that they expect the stock to rise.
Insider sells, on the other hand, can be made for a variety of reasons, and may not necessarily mean that the seller thinks the stock will go down. 
<h3>Transaction Codes Worth Your Attention</h3>
Delving into transactions, <a href="https://www.benzinga.com/money/investing-tools">investors</a> typically prioritize those unfolding in the open market, as precisely outlined in Table I of the Form 4 filing. A P in Box 3 indicates a purchase, while S signifies a sale. Transaction code C signals the conversion of an option, and transaction code A denotes a grant, award, or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0000003453">Check Out The Full List Of Matson's Insider Trades.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Leonard P Isotoff Executes Sell Order: Offloads $314K In Matson Stock

Stifel analyst Benjamin Nolan maintains Matson (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MATX#NYSE">MATX</a>) with a Hold and raises the price target from $109 to $111.

Stifel Maintains Hold on Matson, Raises Price Target to $111

Matson Sees Q2 Consolidated Operating Income To Be To Be Modestly Higher Than The $96.7m Achieved In Q2 2023; Expects FY24 Consolidated Operating Income To Be Modestly Higher Than The $342.8M Achieved In 2023 And Expects Comparable Seasonality To The Prior Year

Matson Sees Q2 2024 Ocean Transportation Operating Income To Be Moderately Higher Than The Level Achieved In Q2 2023

Matson, Inc. (MATX) Q3 2024 Earnings Call Transcript

Matson Inc ( ($MATX) ) has realeased its Q3 earnings. Here is a breakdown of the information Matson Inc presented to its investors. Matson, Inc., a...

Matson Inc Reports Strong Q3 2024 Results

Companies in the Industrial Goods sector have received a lot of coverage today as analysts weigh in on FTAI Aviation (FTAI – Research Report), Mats...

Analysts Have Conflicting Sentiments on These Industrial Goods Companies: FTAI Aviation (FTAI), Matson (MATX) and XPO (XPO)

Dividend Champion, Contender, And Challenger Highlights: Week Of November 3

Want dividend safety, consistency, growth, and a yield? See these 10 names

Wolfe Research downgraded Matson (MATX) to Peer Perform from Outperform. The firm cites valuation for the downgrade. Matson has materially outperfo...

Matson downgraded to Peer Perform from Outperform at Wolfe Research

Matson downgraded at Wolfe on potential tariff risk, lower ocean rates

An update from Matson ( ($MATX) ) is now available. Matson, Inc., a prominent U.S. carrier, is set to present at the Stephens Annual Investment Con...

Matson to Present at Stephens Investment Conference

The logistics industry is thriving, fueled by rapidly surging global demand, cost-efficient alternatives, and technological innovations. Hence, investors could consider strong shipping stocks ZIM Integrated Shipping Services (ZIM), Teekay Corporation (TK), and Matson (MATX) poised to benefit from global supply chain realignment. Read on... The logistics market is considered integral for modern society, owing to rapid urbanization and surging consumer demand. Also, the industry is undergoing a drastic transformation with the growing adoption of advanced and innovative digital technologies.
Given the industry's promising prospects, it could be wise to invest in quality logistics stocks ZIM Integrated Shipping Services Ltd. (<a href="https://stocknews.com/stock/ZIM/">ZIM</a>), Teekay Corporation Ltd. (<a href="https://stocknews.com/stock/TK/">TK</a>), and Matson, Inc. (<a href="https://stocknews.com/stock/MATX/">MATX</a>) for substantial gains.
Logistics needs are growing around the globe due to the increasing reliance on online shopping for convenience, robust economic growth, and technological advancements such as AI, IoT, cloud computing, and more. The logistics industry is essential to supply chain management and is expected to witness steady growth in the coming years.
The logistics market is currently experiencing robust growth, fueled by rapid e-commerce expansion, cost-efficiency, rising technological advancements, trade globalization, increasing focus on environmental sustainability, and rising consumer demand for faster delivery systems.
Revenue in the global logistics market is expected to reach a staggering $5.70 trillion in 2024 and is anticipated to exhibit a <a href="https://www.imarcgroup.com/logistics-market">CAGR of 4%</a>, resulting in a market volume of $8.10 trillion by 2033.
Besides, as technology, geopolitics, and climate change continue to <a href="https://www.warehouzez.com/blogs/the-future-of-supply-chain-management-innovations-and-trend-in-2025">push supply chain management trends</a> to evolve continuously to keep up with global demand, the logistics market's prospects look robust. Also, expanding consumer expectations and global trades are urging increasing efficiency and advancements in logistics operations.
Given these favorable trends, let's look at the fundamentals of the three <a href="https://stocknews.com/category/shipping/">Shipping</a> stocks, beginning with the third choice.
Stock #3: ZIM Integrated Shipping Services Ltd. (<a href="https://stocknews.com/stock/ZIM/">ZIM</a>)
Based in Haifa, Israel, ZIM provides container shipping and related services internationally. The company offers door-to-door and port-to-port transportation services for various types of customers, including end-users, consolidators, and freight forwarders.
On September 9, ZIM entered into a new long-term operational cooperation with Mediterranean Shipping Company (MSC) on the Asia - US East Coast and Asia and US Gulf trades, scheduled to be launched in February 2025. The strategic collaboration reflects ZIM's commitment to delivering outstanding shipping solutions and enhancing network efficiencies.
For the third quarter that ended September 30, 2024, ZIM's income from voyages and related services increased 117.2% year-over-year to $2.77 billion. The company's adjusted <a href="https://www.investopedia.com/terms/e/ebitda.asp">EBITDA</a> rose 625.6% from the prior year's quarter to $1.53 billion. Its net income and EPS came in at $1.13 billion and $9.34, compared to a net loss of $2.27 billion and $18.90 during the prior year's quarter.
Additionally, the company's free cash flow rose 343.3% from the year-ago value to $1.45 billion.
Street expects ZIM's revenue for the fourth quarter (ending December 2024) to increase 65.3% year-over-year to $1.99 billion, while its EPS is expected to be $3.19 for the same period.
Shares of ZIM have gained 32.8% over the past six months and 249.1% over the past year to close the last trading session at $24.23.
ZIM's robust outlook is reflected in its <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a>. The POWR Ratings are calculated by considering 118 different factors, each weighted to an optimal degree.
The stock has a B grade for Growth and Value. It is ranked #19 out of 34 stocks in the A-rated <a href="https://stocknews.com/category/shipping/">Shipping</a> industry.
<a href="https://stocknews.com/stock/ZIM/">Click here</a> to access additional ZIM ratings for Quality, Sentiment, Stability, and Momentum.
Stock #2: Teekay Corporation Ltd. (<a href="https://stocknews.com/stock/TK/">TK</a>)
Headquartered in Hamilton, Bermuda, TK engages in crude oil and other marine transportation services worldwide. The company owns and operates crude oil and refined product tankers and also offers ship-to-ship support services, tanker commercial management operation services, and operational and maintenance marine services.
TK's trailing-12-month EBIT margin of 29.77% is 50.6% higher than the industry average of 19.77%. Likewise, the stock's trailing 12-month levered FCF margin of 26.99% is significantly higher than the industry average of 6.85%. Also, its trailing-12-month ROCE of 19.16% is 55.2% higher than the 12.35% industry average.
On October 30, TK's Board of Directors declared a one-time special cash dividend in the amount of $1.00 per outstanding common share. This dividend is payable on December 18, 2024, to all Teekay shareholders of record on December 4, 2024.
During the third quarter that ended September 30, 2024, TK reported revenues of $272.62 million, and its income from vessel operations was $52.19 million for the same period. Adjusted net income attributable to shareholders of Teekay came in at $21.10 million and $0.23 per share for the quarter, respectively.
In addition, the company's total assets stood at $2.23 billion as of September 30, 2024, compared to $2.20 billion as of December 31, 2024.
Shares of TK surged 10.5% year-to-date and 10.6% over the past year to close the last trading session at $7.90.
TK's POWR Ratings reflect its promising prospects. The stock has an overall rating of B, which translates to a Buy in our proprietary rating system.
The stock has an A grade for Quality and Value. It also has a B for Sentiment. TK is ranked #7 of 34 stocks within the A-rated Shipping industry.
To see additional POWR Ratings of TK for Growth, Stability, and Momentum, <a href="https://stocknews.com/stock/TK/">click here</a>.
Stock #1: Matson, Inc. (<a href="https://stocknews.com/stock/MATX/">MATX</a>)
MATX engages in ocean transportation and logistics services. The company operates through two segments: Ocean Transportation and Logistics. The company offers ocean freight transportation services to the domestic non-contiguous economies.
On October 25, MATX's Board of Directors declared a fourth-quarter dividend of $0.34 per common share. The dividend is payable on December 5, 2024, to all shareholders of record as of the close of business on November 7, 2024.
MATX pays an annual dividend of $1.36, which translates to a yield of 0.90% at the current share price. Its four-year average dividend yield is 1.38%. Moreover, the company's dividend payouts have increased at a CAGR of 8.9% over the past five years. MATX has raised its dividends for 11 consecutive years.
For the third quarter that ended September 30, 2023, MATX's total operating revenue increased 16.3% year-over-year to $962 million. Its operating income rose 83.4% from the prior year's quarter to $242.30 million. Also, the company's net income and EPS totaled $199.10 million and $5.89, up 66.1% and 73.2% year-over-year, respectively.
Furthermore, the company's EBITDA grew 65.3% from the year-ago value to $289.40 million.
Analysts expect MATX's revenue for the fourth quarter (ending December 2024) to increase 7.9% year-over-year to $851.50 million. The company's EPS for the ongoing period is expected to grow 79.6% year-over-year to $3.20. Moreover, the company topped the consensus EPS estimates in all of the trailing four quarters.
MATX's stock has gained 31.7% over the past six months and 59% over the past year to close the last trading session at $152.64.
MATX's sound fundamentals are reflected in its POWR Ratings. The stock has an overall rating of B, which translates to a Buy in our proprietary rating system.
MATX has a B grade for Quality and Growth. Within the same industry, MATX is ranked #5 of 34 stocks.
In addition to the POWR Ratings stated above, one can access MATX's Value, Sentiment, Momentum, and Stability ratings <a href="https://stocknews.com/stock/MATX/">here</a>.
What To Do Next?
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<hr />
MATX shares were trading at $154.00 per share on Friday morning, up $1.36 (+0.89%). Year-to-date, MATX has gained 41.96%, versus a 26.23% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Rjkumari Saxena</h2> <img src='https:/wp-content/uploads/2024/04/Rajkumari-Saxena_Image-1.jpeg' style="float:left; padding:5px;width:125px;">Rajkumari started her career as a writer but gradually shifted her focus to financial journalism, leveraging her educational background in Commerce. Fascinated by the interplay of business and economic shifts in equities, she aspires to evolve as an analyst. With a knack for simplifying complex financial concepts, her mission is to empower investors with insights that lead to profitable decisions.<a href="https://stocknews.com/authors/?author=rajkumari-saxena">More...</a>The post <a href=https://stocknews.com/news/matx-zim-tk-3-logistics-stocks-benefiting-from-global-supply-chain-realignment/>3 Logistics Stocks Benefiting From Global Supply Chain Realignment</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

3 Logistics Stocks Benefiting From Global Supply Chain Realignment

Dividend Champion, Contender, And Challenger Highlights: Week Of December 1

ABBV

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Untitled design - 2024-04-08T222201.397

SHIP

USEA

Seanergy Maritime (NASDAQ: SHIP) And United Maritime (NASDAQ: USEA) Provide Financial Update To Shareholders

Press Releases

MATSON TO PARTICIPATE AT WOLFE GLOBAL TRANSPORTATION & INDUSTRIALS CONFERENCE

MATSON INCREASES QUARTERLY DIVIDEND TO $0.34 PER SHARE

MATSON PUBLISHES 2023 SUSTAINABILITY REPORT

MATSON TO ANNOUNCE SECOND QUARTER 2024 RESULTS ON AUGUST 1, 2024

MATSON, INC. ANNOUNCES SECOND QUARTER 2024 RESULTS

MATSON BEGINS CONSTRUCTION ON FIRST OF THREE NEW LNG-POWERED ALOHA CLASS CONTAINERSHIPS

MATSON TO ANNOUNCE THIRD QUARTER 2024 RESULTS ON OCTOBER 30, 2024

MATSON ANNOUNCES QUARTERLY DIVIDEND OF $0.34 PER SHARE

MATSON, INC. ANNOUNCES THIRD QUARTER 2024 RESULTS

MATSON TO PARTICIPATE AT STEPHENS 2024 ANNUAL INVESTMENT CONFERENCE

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