Peter Heilmann, EVP, Chief Administrative Officer & General Counsel of Matson Inc (MATX, Financial), sold 5,404 shares of the company on November 6, 2024. The transaction was reported in a recent SEC Filing. Following this transaction, the insider now owns 32,952 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 in the Pacific, providing critical transportation infrastructure to the economies of the region.
Over the past year, Peter Heilmann has sold a total of 24,526 shares of Matson Inc and has not purchased any shares. This recent sale is part of a broader trend observed within the company, where there have been 39 insider sells and no insider buys over the past year.
On the date of the sale, shares of Matson Inc were trading at $162.36, giving the company a market cap of approximately $5.514 billion. The price-earnings ratio of the company stands at 13.81, which is below the industry median of 14.16.
According to the GF Value, the intrinsic value of Matson Inc is estimated at $94.90 per share, which suggests that the stock is significantly overvalued with a price-to-GF-Value ratio of 1.71.
The GF Value is calculated based on historical trading multiples like the price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow, adjusted for the company's past performance and expected future business outcomes.
This insider sale might be of interest to investors tracking insider behaviors as an indicator of potential stock performance, particularly in the context of the company's valuation and stock price 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.
