On September 30, 2024, Matthew Cox, Chairman & CEO of Matson Inc (MATX, Financial), sold 6,499 shares of the company at a price of $143.82 per share. The transaction, detailed in the SEC Filing, resulted in a total sale amount of approximately $934,606.18. Following this transaction, the insider now owns 208,898 shares of Matson Inc.
Matson Inc, a key player in the transportation and logistics industry, provides shipping services primarily in the Pacific. The company's operations encompass domestic ocean shipping, logistics, and terminal services, with a focus on trade between the continental U.S. and various islands in the Pacific, including Hawaii, Guam, and others.
Over the past year, Matthew Cox has sold a total of 39,204 shares of Matson Inc and has not made any purchases of the stock. This recent sale continues a trend observed over the last year, where there have been 38 insider sells and no insider buys.
Shares of Matson Inc were trading at $143.82 on the day of the sale, giving the company a market cap of approximately $4.79 billion. The price-earnings ratio of the company stands at 14.97, slightly above the industry median of 14.6 and the company's historical median.
According to the GF Value, Matson Inc is currently significantly overvalued. The GF Value, set at $92.16, suggests a price-to-GF-Value ratio of 1.56, indicating that the stock's current price is higher than its estimated intrinsic value based on historical trading multiples, an adjustment factor from GuruFocus, and future business performance estimates from analysts.
This sale by the insider might be of interest to current and potential investors, as it provides insight into the insider's perspective on the stock's current valuation and future prospects.
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.
