John Lauer, the Executive Vice President and Chief Commercial Officer of Matson Inc (NYSE:MATX), has sold 11,388 shares of the company on February 28, 2024, according to a recent SEC filing. The transaction was executed at an average price of $109.71 per share, resulting in a total value of $1,249,482.48.
Matson Inc is a transportation services company that provides logistics and shipping services in the Pacific. The company operates through two segments, Ocean Transportation and Logistics, and offers a range of services including domestic and international rail intermodal service, long-haul and regional highway brokerage, supply chain services, and less-than-truckload transportation services, among others.
Over the past year, the insider has sold a total of 25,192 shares of Matson Inc and has not made any purchases of the stock. The recent sale by John Lauer is part of a broader trend observed within the company, where there has been a total of 27 insider sells and only 1 insider buy over the past year.
On the day of the insider's recent sale, shares of Matson Inc were trading at $109.71, giving the company a market capitalization of $3.831 billion. The price-earnings ratio of the company stands at 13.25, which is lower than the industry median of 13.83 and also below the company's historical median price-earnings ratio.
According to the GuruFocus Value chart, Matson Inc has a price-to-GF-Value ratio of 1.27, indicating that the stock is modestly overvalued when compared to its intrinsic value of $86.41 as estimated by GuruFocus. The GF Value is determined by considering historical trading multiples, a GuruFocus adjustment factor based on past returns and growth, and future business performance estimates from Morningstar analysts.
The insider trend image above reflects the recent insider selling activity at Matson Inc.
The GF Value image provides a visual representation of Matson Inc's current valuation in relation to its intrinsic value.
Investors and analysts often monitor insider selling as it can provide insights into an insider's perspective on the value of the company's stock. However, insider transactions are not always indicative of future stock performance and can be influenced by various factors, including personal financial needs and portfolio diversification strategies.
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.
