Today, the SVP, Chief Admin. Officer & GC of Matson (MATX), Peter Heilmann, sold shares of MATX for $109.3K.
Following Peter Heilmann’s last MATX Sell transaction on December 05, 2016, the stock climbed by 3.5%.
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Based on Matson’s latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $589 million and quarterly net profit of $41.6 million. In comparison, last year the company earned revenue of $544 million and had a net profit of $34.1 million. MATX’s market cap is $1.68B and the company has a P/E ratio of 6.61. Currently, Matson has an average volume of 194.9K.
Based on 4 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $41.75, reflecting a 4.6% upside.
The insider sentiment on Matson has been positive according to 60 insider trades in the past three months. This sentiment is slightly higher than the average sentiment of company insiders in this sector.
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Matson, Inc. is a holding company, which engages in the provision of logistics and transportation services. It operates through two segments: Ocean Transportation and Logistics. The Ocean Transportation segment offers marine freight, container stevedoring, maintenance, and terminal activities.
