Short interest for Matson gives investors a sense of the degree to which investors are betting on the decline of Matson's stock. Short interest data is updated every two weeks.

Matson Stock (NYSE:MATX), Short Interest Report

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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As of Jan. 9, 2024, three stocks in the industrials sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions.

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Escalating disruptions in the Red Sea by Yemen-based Houthi rebels has caused a significant shift in global trade patterns, with half the container-ship fleet rerouting to avoid the area, increasing operational costs and consumer prices.

Trade Turmoil: Houthi Attacks In Red Sea Ignite Rerouting Crisis, Drive Surging Shipping Stocks

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MAWSON INFRSTRUCTURE GRP by Mawson Infrastructure Group Inc.

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Matson Inc

Guidance

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

As a result of first quarter performance and the outlook trends noted above, the Company expects full year 2024 Ocean Transportation operating income to be higher than the $294.8&nbsp;million achieved in 2023 and higher than the previous outlook. &nbsp;In the second quarter 2024, the Company expects Ocean Transportation operating income to be moderately higher than the level achieved in the second quarter 2023.
Logistics: &nbsp;In the first quarter 2024, operating income for the Company's Logistics segment was $9.3&nbsp;million, or $1.6&nbsp;million lower compared to the level achieved in the first quarter 2023.&nbsp; The decrease was primarily due to continued market softness in transportation brokerage.&nbsp; For 2024, the Company expects challenging business conditions for transportation brokerage and expects operating income to be lower than the $48.0 million achieved in 2023.&nbsp; In the second quarter 2024, the Company expects operating income to be lower than the level achieved in the second quarter 2023.
Consolidated Operating Income:&nbsp; For full year 2024, the Company expects consolidated operating income to be modestly higher than the $342.8&nbsp;million achieved in 2023 and expects comparable seasonality to the prior year.&nbsp; For the second quarter 2024, the Company expects consolidated operating income to be modestly higher than the $96.7&nbsp;million achieved in the second quarter 2023.
Depreciation and Amortization: &nbsp;For the full year 2024, the Company expects depreciation and amortization expense to be approximately $180&nbsp;million, inclusive of dry-docking amortization of approximately $27&nbsp;million.
Interest Income: &nbsp;The Company expects interest income for the full year 2024 to be approximately $45&nbsp;million.&nbsp; The increase in expected interest income from the prior outlook is due to the receipt on April 19, 2024 of $10.2 million in interest income earned on the federal tax refund related to the Company's 2021 federal tax return.&nbsp;
Interest Expense: &nbsp;The Company expects interest expense for the full year 2024 to be approximately $8&nbsp;million.
Other Income (Expense): &nbsp;The Company expects full year 2024 other income (expense) to be approximately $7&nbsp;million in income, which is attributable to the amortization of certain components of net periodic benefit costs or gains related to the Company's pension and post-retirement plans.
Income Taxes:&nbsp; In the first quarter 2024, the Company's effective tax rate was 20.3&nbsp;percent.&nbsp; For the full year 2024, the Company expects its effective tax rate to be approximately 22.0 percent.
Capital and Vessel Dry-docking Expenditures:&nbsp; For the first quarter 2024, the Company made capital expenditure payments excluding vessel construction expenditures of $54.2&nbsp;million, capitalized vessel construction expenditures of $1.1&nbsp;million, and dry-docking payments of $5.2&nbsp;million.&nbsp; For the full year 2024, the Company expects to make other capital expenditure payments, including maintenance capital expenditures, of approximately $110 to $120&nbsp;million, new vessel construction expenditures (including capitalized interest and owner's items) of approximately $75&nbsp;million, LNG installations and reengining on existing vessels of approximately $70 to $80 million, and dry-docking payments of approximately $35 million.

Matson Sees FY24 Ocean Transportation Operating Income To Be Higher Than $294.8M Achieved In 2023 And Higher Then Previous Outlook

Matson (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MATX#NYSE">MATX</a>) reported quarterly earnings of $1.04 per share which met the analyst consensus estimate. This is a 10.64 percent increase over earnings of $0.94 per share from the same period last year. The company reported quarterly sales of $722.10 million which missed the analyst consensus estimate of $730.44 million by 1.14 percent. This is a 2.45 percent increase over sales of $704.80 million the same period last year.

Earnings

Earnings Misses

Matson Q1 EPS $1.04, Inline, Sales $722.10M Miss $730.44M Estimate

Matson Expects Volume In 2024 To Be Comparable To Level In 2023, Reflecting Modest Economic Growth In Hawaii And Stable Market Share

Matson (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MATX#NYSE">MATX</a>) reported quarterly earnings of $1.78 per share which beat the analyst consensus estimate of $1.30 by 36.92 percent. The company reported quarterly sales of $788.90 million which beat the analyst consensus estimate of $733.60 million by 7.54 percent. This is a 1.58 percent decrease over sales of $801.60 million the same period last year.

Earnings Beats

Matson Q4 2023 GAAP EPS $1.78 Beats $1.30 Estimate, Sales $788.90M Beat $733.60M Estimate

Matson (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MATX#NYSE">MATX</a>) reported its Q4 earnings results on Tuesday, February 20, 2024 at 04:05 PM.
Here's what investors need to know about the announcement.
<h3>Earnings</h3>
Matson beat estimated earnings by 17.88%, reporting an EPS of $1.78 versus an estimate of $1.51.
Revenue was down $12.70 million from the same period last year.
<h3>Past Earnings Performance</h3>
Last quarter the company beat on EPS by $0.32 which was followed by a 3.74% drop in the share price the next day.
Here's a look at Matson's past performance:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q3 2023</th>
<th>Q2 2023</th>
<th>Q1 2023</th>
<th>Q4 2022</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>3.08</td>
<td>2.26</td>
<td>0.76</td>
<td>1.96</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>3.40</td>
<td>2.26</td>
<td>0.94</td>
<td>2.10</td>
</tr>
<tr>
<td>Revenue Estimate</td>
<td>794.45M</td>
<td>774.89M</td>
<td>704.34M</td>
<td>801.22M</td>
</tr>
<tr>
<td>Revenue Actual</td>
<td>827.50M</td>
<td>773.40M</td>
<td>704.80M</td>
<td>801.60M</td>
</tr>
</tbody>
</table>

To track all earnings releases for Matson <a href="https://www.benzinga.com/quote/MATX/earnings">visit their earnings calendar here.</a> 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Matson: Q4 Earnings Insights

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Earnings Scheduled For February 20, 2024

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 $102 to $108.

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Analyst Ratings

Stifel Maintains Hold on Matson, Raises Price Target to $108

<ul>
<li>Expects 4Q23 operating income for Ocean Transportation to be $61.0 to $66.0&nbsp;million</li>
<li>Expects 4Q23 operating income for Logistics to be $8.0 to $9.0&nbsp;million</li>
<li>Expects 4Q23 net income and diluted EPS to be $57.7 to $62.2&nbsp;million and $1.65 to $1.78, respectively</li>
<li>Repurchased approximately 0.5&nbsp;million shares in 4Q23</li>
<li>Announces fourth quarter earnings call date on February&nbsp;20, 2024</li>
</ul>
HONOLULU, Hawaii, Jan. 18, 2024 /PRNewswire/ -- Matson, Inc. ("Matson" or the "Company") (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MATX#NYSE">MATX</a>) today announces preliminary fourth quarter financial results, provides a business update and announces that its fourth quarter earnings call will be held on February&nbsp;20, 2024.
"Matson's Ocean Transportation and Logistics business segments performed well in the fourth quarter, capping off a solid year for both business segments" said Chairman and Chief Executive Officer Matt Cox. "Our China service experienced solid freight demand with higher year-over-year volume but lower year-over-year freight rates, which when combined with higher operating costs across all tradelanes resulted in a year-over-year decline in Ocean Transportation operating income. Currently in the Transpacific marketplace, we continue to see steady U.S. consumer demand, which we expect to lead to similar demand for Matson's CLX and CLX+ services in 2024 as in 2023. Absent a significant change in the trajectory of the U.S. economy, we expect trade dynamics across all our tradelanes in 2024 to be comparable to 2023 as consumer-related spending activity is expected to remain stable."&nbsp;
Mr. Cox added, "In our domestic ocean tradelanes, we saw lower year-over-year volumes in Hawaii and Alaska and higher year-over-year volume in Guam compared to the levels in the same period last year. The year-over-year volume declines in Hawaii and Alaska were primarily due to lower general demand and lower seafood volume, respectively. The year-over-year volume increase in Guam was primarily driven by higher general demand. In Logistics, operating income decreased year-over-year primarily due to a lower contribution from transportation brokerage. As a result, Matson expects fourth quarter operating income for Ocean Transportation of $61.0 to $66.0 million and Logistics operating income of $8.0 to $9.0 million. We also expect fourth quarter 2023 net income and diluted EPS to be $57.7 to $62.2 million and $1.65 to $1.78, respectively."&nbsp;
Fourth Quarter Tradelane Volume (Forty-foot equivalent units (FEU)) (1)(2):
For the three months ended December&nbsp;31, 2023 compared to the three months ended December&nbsp;31, 2022 and on a FEU basis:&nbsp;
<ul>
<li>Hawaii container volume decreased 1.9&nbsp;percent primarily due to lower general demand;</li>
<li>Alaska container volume decreased 0.6&nbsp;percent due to lower export seafood volume from the Alaska-Asia Express service ("AAX"), partially offset by higher northbound volume due to an additional sailing and higher southbound volume due to higher domestic seafood volume;</li>
<li>China container volume was 23.3&nbsp;percent higher primarily due to higher demand for our China service resulting in higher volumes for both CLX and CLX+;</li>
<li>Guam container volume was 2.0&nbsp;percent higher primarily due to higher general demand; and</li>
<li>Other container volume decreased 6.0&nbsp;percent.</li>
</ul>
Effective Income Tax Rate, Liquidity, Debt and Share Repurchases
The effective income tax rate for the fourth quarter of 2023 is estimated to be approximately 26.0 percent, which is higher than the approximately 23 percent previously forecast primarily due to discrete tax adjustments.&nbsp;
Matson's cash and cash equivalents as of December&nbsp;31, 2023 was approximately $134.0&nbsp;million, which excludes $599.4&nbsp;million in cash on deposit within the Capital Construction Fund ("CCF"). Total debt as of December 31, 2023 was $440.6 million.(3)&nbsp;
During the fourth quarter of 2023, Matson repurchased approximately 0.5 million shares for a total cost of $47.9 million. As of December 31, 2023, the Company had approximately 2.5 million shares remaining in its share repurchase program.&nbsp;
A slide presentation that accompanies this press release is available on the Company's website at <a href="http://www.matson.com/">www.matson.com</a>, under Investors.

Matson Announces Preliminary Q4 Results, Provides Business Update; Sees Q4 EPS $1.65-$1.78; Net Income $57.7M-$62.2M

As of Jan. 9, 2024, three stocks in the industrials sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions.
The RSI is a momentum indicator, which compares a stock&#39;s strength on days when prices go up to its strength on days when prices go down. When compared to a stock&#39;s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered overbought when the <a href="https://www.benzinga.com/topic/rsi"> RSI is above 70</a>, according to <a href="https://pro.benzinga.com/"> Benzinga Pro</a>.
Here&rsquo;s the latest list of major overbought players in this sector.
<h3>ZIM Integrated Shipping Services Ltd. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/zim#NYSE">ZIM</a>)</h3>
<ul>
<li>On Jan. 9, ZIM Integrated Shipping Services reported an agreement with Hoopo Systems Ltd. for the wide-scale deployment of cutting-edge tracking devices in its dry-van container fleet. The company&rsquo;s stock jumped around 31% over the past five days and has a <a href="https://www.benzinga.com/quote/ZIM">52-week high of $25.12 </a>.</li>
<li>RSI Value: 73.52</li>
<li>ZIM Price Action: Shares of ZIM Integrated Shipping fell 6.3% to close at $13.67 on Monday.</li>
</ul>
<h3>Matson, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/matx#NYSE">MATX</a>)</h3>
<ul>
<li>On Oct. 30, 2023, Matson posted better-than-expected third-quarter results. &quot;Matson&#39;s Ocean Transportation and Logistics business segments continued to perform well despite a challenging business environment and relatively difficult economic conditions impacting the U.S. consumer,&quot; said Chairman and Chief Executive Officer Matt Cox. The company&rsquo;s stock gained around 13% over the past month and <a href="https://www.benzinga.com/quote/MATX"> has a 52-week high </a> of $117.88.</li>
<li>RSI Value: 79.77</li>
<li>MATX Price Action: Shares of Matson fell 1.4% to close at $113.20 on Monday.</li>
</ul>
<h3>TDCX Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/tdcx#NYSE">TDCX</a>)</h3>
<ul>
<li>On Jan. 3, TDCX announced it received a preliminary non-binding proposal letter from company founder and CEO Laurent Junique to acquire the company for a proposed purchase price of $6.60 per share or ADS in cash. The company&rsquo;s stock jumped around 35% over the past five days and has a <a href="https://www.benzinga.com/quote/TDCX"> 52-week high </a> of $14.73.</li>
<li>RSI Value: 79.37</li>
<li>TDCX Price Action: Shares of TDCX gained 2.7% to close at $6.50 on Monday.</li>
</ul>
&nbsp;
Read More: <a href="https://www.benzinga.com/news/earnings/24/01/36550052/td-synnex-albertsons-and-3-stocks-to-watch-heading-into-tuesday"> TD SYNNEX, Albertsons And 3 Stocks To Watch Heading Into Tuesday </a>

The escalating disruptions in the Red Sea, caused by attacks led by Yemen-based Houthi rebels targeting ships, have triggered a significant shift <a href="https://www.benzinga.com/topic/geopolitics">in global trade patterns.</a>
Industry data from Flexport Inc., unveiled in a <a href="https://www.bloomberg.com/news/articles/2023-12-28/red-sea-attacks-latest-half-of-container-ship-fleet-avoids-route?srnd=premium&amp;sref=TBDibEcD">Bloomberg</a> story on Thursday, reveals a startling development: around half of the container-ship fleet that typically passes through the Red Sea and Suez Canal is rerouting to avoid the area. 
This shift, involving approximately 300 vessels capable of carrying 4.3 million containers, represents about 18% of global shipping capacity.
<h2 class="wp-block-heading">The Rerouting Challenge</h2>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="700" src="https://editorial-assets.benzinga.com/wp-content/uploads/2023/12/28152726/Suez-Map-1024x700.jpg" alt="" class="wp-image-170763" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2023/12/28152726/Suez-Map-1024x700.jpg 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2023/12/28152726/Suez-Map-300x205.jpg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2023/12/28152726/Suez-Map-768x525.jpg 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2023/12/28152726/Suez-Map-1536x1050.jpg 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2023/12/28152726/Suez-Map.jpg 1580w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
Image: <a href="https://www.mapchart.net/">MapChart</a>
Rerouting around Africa adds approximately 25% more travel time compared to the usual Suez Canal route, connecting Asia and Europe. 
This not only increases operational costs for shippers but is also likely to inflate consumer prices for a wide range of products, including everyday items like clothing, food, and oil.
The Houthi, originating from Yemen, have justified their attacks as a stance against Israel, which is currently involved in a war against Hamas. 
However, their targets are not limited to vessels with direct Israeli connections, posing a broader threat to international trade. In response, a U.S.-led task force is stepping up efforts to enhance security along this crucial maritime corridor.
The data from Flexport aligns with findings from Kuehne &amp; Nagel International AG (OTCPK: KHNGY), another freight-forwarding giant. Their data, as of Wednesday, showed 364 vessels, with a capacity of 5 million TEUs, rerouting around Africa &#8211; a notable increase from 314 vessels recorded on Dec. 22. Over the past month alone, shares of Kuehne &amp; Nagel International AG have risen by 20%, reaching the highest level since October 2021. 
Clarksons Research highlights the impact of these diversions: a 40% decrease in Gulf of Aden arrivals and a 45% reduction in the Suez Canal southbound transits between Dec. 22 and 26.
<h2 class="wp-block-heading">Market Reactions: Maritime Shipping Stocks Rocket </h2>
Shares of the Danish business conglomerate&nbsp;A.P. Moeller-Maersk A/S (OTCPK: AMKBY), the world&#8217;s second-biggest container line, have risen by nearly 20% over the past two weeks. 
Another industry giant, the German Hapag-Lloyd Aktien (OTCPK: HLAGF) saw a remarkable 40% boost in its share price during the same time frame. 
The Honolulu-based Matson Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MATX#NYSE">MATX</a>) witnessed an 11% rally, similar to the one seen by Global Ship Lease Inc. New (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GSL#NYSE">GSL</a>). 
The SonicShares Global Shipping ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BOAT#NYSE">BOAT</a>), which tracks stocks from companies operating in the global maritime shipping industry, has soared by 10%.
Chart Courtesy of TradingView: Houthi Attacks Fueled Shipping Companies&#8217; Stocks 
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="495" src="https://editorial-assets.benzinga.com/wp-content/uploads/2023/12/28123241/BOAT_2023-12-28_17-32-22_c2924-1024x495.png" alt="" class="wp-image-170664" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2023/12/28123241/BOAT_2023-12-28_17-32-22_c2924-1024x495.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2023/12/28123241/BOAT_2023-12-28_17-32-22_c2924-300x145.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2023/12/28123241/BOAT_2023-12-28_17-32-22_c2924-768x372.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2023/12/28123241/BOAT_2023-12-28_17-32-22_c2924-1536x743.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2023/12/28123241/BOAT_2023-12-28_17-32-22_c2924.png 1920w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
Read now: <a href="https://www.benzinga.com/government/23/12/36328651/end-of-year-rally-for-oil-as-red-sea-tensions-drive-up-shipping-costs">End-Of-Year Rally For Oil As Red Sea Tensions Drive Up Shipping Costs</a>
Photo: Shutterstock

A substantial insider sell was reported on December 14, by Richard S Kinney, Senior Vice President at Matson (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MATX#NYSE">MATX</a>), based on the recent SEC filing.
What Happened: Kinney opted to sell 997 shares of Matson, according to a Form 4 filing with the <a href="https://www.sec.gov/Archives/edgar/data/0000003453/000122520823011122//Archives/edgar/data/3453/000122520823011122/0001225208-23-011122-index.htm">U.S. Securities and Exchange Commission</a> on Thursday. The transaction's total worth stands at $96,009.
Monitoring the market, Matson's shares down by 0.0% at $100.2 during Friday's morning.
<h3>Delving into Matson's Background</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 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.
<h3>Matson: A Financial Overview</h3>
Revenue Challenges: Matson's revenue growth over 3 months faced difficulties. As of 30 September, 2023, the company experienced a decline of approximately -25.77%. This indicates a decrease in 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.
Holistic Profitability Examination:
<ul>
<li>
Gross Margin: With a low gross margin of 24.58%, 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 outshines the industry average, indicating a strong bottom-line trend with a current EPS of 3.42.
</li>
</ul>
Debt Management: Matson's debt-to-equity ratio is below the industry average. With a ratio of 0.31, the company relies less on debt financing, maintaining a healthier balance between debt and equity, which can be viewed positively by investors.
In-Depth Valuation Examination:
<ul>
<li>
Price to Earnings (P/E) Ratio: The Price to Earnings ratio of 11.16 is lower than the industry average, indicating potential undervaluation for the stock.
</li>
<li>
Price to Sales (P/S) Ratio: With a P/S ratio of 1.17 below industry standards, the stock shows potential undervaluation, making it an appealing investment option for those focusing on sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): With an impressive EV/EBITDA ratio of 5.93, Matson demonstrates exemplary market valuation, surpassing industry averages.
</li>
</ul>
Market Capitalization Analysis: With an elevated market capitalization, the company stands out above industry averages, showcasing substantial size and market acknowledgment.
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<h3>Unmasking the Significance of Insider Transactions</h3>
While insider transactions should not be the sole basis for making investment decisions, they can play a significant role in an investor's decision-making process.
In the context of legal matters, the term "insider" refers to any officer, director, or beneficial owner holding more than ten percent of a company's equity securities, as outlined by Section 12 of the Securities Exchange Act of 1934. This includes executives in the c-suite and significant hedge funds. Such insiders are obligated to report their transactions through a Form 4 filing, which must be completed 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.
Despite insider sells not always signaling a bearish sentiment, they can be driven by various factors.
<h3>Transaction Codes Worth Your Attention</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>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Insider Trades

Matson Insider Trades Send A Signal

Vicente S. Angoco, Senior Vice President at Matson (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MATX#NYSE">MATX</a>), reported a large insider sell on November 7, according to a new SEC filing. 
What Happened: A Form 4 filing from the <a href="https://www.sec.gov/Archives/edgar/data/0000003453/000122520823010057//Archives/edgar/data/3453/000122520823010057/0001225208-23-010057-index.htm">U.S. Securities and Exchange Commission</a> on Tuesday showed that Angoco sold 11,500 shares of Matson. The total transaction amounted to $1,041,006. 
Matson shares are trading up 0.36% at $90.1 at the time of this writing on Wednesday morning.
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<h3>Why Insider Transactions Are Important</h3>
Insider transactions shouldn't be used primarily to make an investing decision, however an insider transaction can be an important factor in the investing decision. 
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 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 the insider may have been forced to sell shares in order to receive compensation that had been promised upon being hired by 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.

Matson Senior Vice President Trades $1.04M In Company Stock

Matson (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MATX#NYSE">MATX</a>) reported quarterly earnings of $3.40 per share which beat the analyst consensus estimate of $3.08 by 10.39 percent. This is a 50.65 percent decrease over earnings of $6.89 per share from the same period last year. The company reported quarterly sales of $827.50 million which beat the analyst consensus estimate of $794.45 million by 4.16 percent. This is a 25.77 percent decrease over sales of $1.11 billion the same period last year.

Matson Q3 EPS $3.40 Beats $3.08 Estimate, Sales $827.50M Beat $794.45M Estimate

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Earnings Scheduled For October 30, 2023

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Matson Stock (NYSE:MATX), Short Interest Report

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