On November 13, 2024, Rusty Rolfe, Executive Vice President of Matson Inc (MATX, Financial), sold 3,000 shares of the company at a price of $165.97 per share. The transaction, detailed in the SEC Filing, resulted in a total sale amount of $497,910. Following this transaction, the insider now owns 21,871 shares of Matson Inc.
Matson Inc, a key player in the transportation and logistics industry, provides ocean shipping and logistics services. The company operates through various segments, including ocean transportation and logistics, offering extensive services across the Pacific, including Hawaii, Alaska, and Guam.
Over the past year, Rusty Rolfe has engaged in multiple transactions involving company shares. The insider has sold a total of 8,000 shares and has not purchased any shares. 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 past year.
The shares of Matson Inc were trading at $165.97 on the day of the sale, giving the company a market cap of approximately $5.50 billion. The price-earnings ratio of the company stands at 13.79, which is slightly lower than the industry median of 14.035 and also below the company's historical median.
According to the GF Value, Matson Inc is currently significantly overvalued with a price-to-GF-Value ratio of 1.74. The GF Value of $95.21 suggests a potential overvaluation in the stock's current trading price.
This insider sale could be of interest to investors tracking insider behaviors as an indicator of company performance and valuation perspectives. The consistent pattern of insider sales, coupled with the stock's current valuation metrics, might influence investor sentiment and future market movements for Matson Inc.
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.
