On September 4, 2024, Jason Taylor, Senior Vice President of Matson Inc (MATX, Financial), sold 1,000 shares of the company at a price of $135.73 per share. The transaction was documented in a recent SEC Filing. Following this sale, the insider now owns 9,392 shares of Matson Inc.
Matson Inc, a key player in the transportation and logistics industry, specializes in shipping and related services. The company operates a fleet of vessels providing essential transportation services to various markets, primarily in the Pacific.
Over the past year, the insider transaction history for Matson Inc shows a total of 36 insider sells and no insider buys. This recent sale by Jason Taylor aligns with the ongoing trend of insider sales within the company.
Shares of Matson Inc were trading at $135.73 on the day of the sale, giving the company a market cap of approximately $4.40 billion. The price-earnings ratio of the company stands at 13.76, which is below both the industry median and the company’s historical median.
According to the GF Value, Matson Inc is currently significantly overvalued, with a price-to-GF-Value ratio of 1.49. The GF Value of $91.18 is calculated considering historical trading multiples, an adjustment factor based on past returns and growth, and future business performance estimates.
This insider sale might interest investors tracking insider behaviors as an indicator of potential future stock performance, particularly in the context of the company's valuation and market trends.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
