Senior Vice President John Sullivan sold 750 shares of Matson Inc (MATX, Financial) on November 13, 2024, according to a recent SEC Filing. Following this transaction, the insider now owns 12,745 shares of the company.
Matson Inc (MATX, Financial) is a leading provider of ocean transportation and logistics services. The company's fleet of vessels operates regularly scheduled services in the Pacific, including Hawaii, Guam, and Micronesia, providing a vital lifeline to the economies of these regions.
Over the past year, John Sullivan has sold a total of 1,643 shares and has not made any purchases of the company's stock. This recent sale is part of a broader trend observed within the company, where there have been 42 insider sells and no insider buys over the last year.
Shares of Matson Inc were trading at $165.5 on the day of the transaction. The company has a market cap of approximately $5.39 billion. The price-earnings ratio of the stock is 13.49, which is below both the industry median of 14.07 and the company's historical median.
According to the GF Value, the intrinsic value estimate for Matson Inc is $95.25 per share, making the stock significantly overvalued with a price-to-GF-Value ratio of 1.74.
The insider transaction trends and the GF Value suggest a cautious outlook on the stock at its current price level.
This sale by the insider might reflect personal financial management decisions rather than a commentary on the company's future prospects. Investors should consider the broader market conditions and the company's fundamentals when assessing the significance of this insider activity.
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.
