Matson (MATX)

Company Profile

Founded in 1882, Matson is a leading provider of ocean transportation and logistics services. Matson provides a vital lifeline to the domestic non-contiguous economies of Hawaii, Alaska, and Guam, and to other island economies in Micronesia. Matson also operates two premium, expedited services from China to Long Beach, California, provides service to Okinawa, Japan and various islands in the South Pacific, and operates an international export service from Dutch Harbor to Asia. The Company's fleet of owned and chartered vessels includes containerships, combination container and roll-on/roll-off ships and custom-designed barges. Matson Logistics, established in 1987, extends the geographic reach of Matson's transportation network throughout the continental U.S. Its integrated, asset-light logistics services include rail intermodal, highway brokerage, warehousing, freight consolidation, Asia supply chain services, and forwarding to Alaska.

Company profile

Ticker

MATX

Exchange

NYSE

Website

www.matson.com

CEO

Matthew Cox

Incorporated

Hawaii

Location

Hawaii

Fiscal year end

Dec 31

Sector

Transportation and Warehousing > Deep Sea Freight Transportation

Industry (SIC)

Water Transportation

Carnival Corp. • Carnival • Royal Caribbean • NCL • Norwegian Cruise Line • Tidewater • Seapeak • Altera Infrastructure • Kirby • Golar Lng ...

Former names

ALEXANDER & BALDWIN INC

SEC CIK

0000003453

Corporate docs

Articles of Incorporation & Bylaws

Plans of Reorganization

Indentures

Material Contracts & Credit Agreements

Subsidiaries Lists

Subsidiaries

ABHI-Crockett, Inc. • Matson Navigation Company, Inc. • Matson Alaska, Inc. • Horizon Lines Holding Corp. • Horizon Lines of Puerto Rico, LLC • HLPR Holding Corp. • Horizon Logistics, LLC • Horizon Services Group, LLC • Aero Logistics, LLC • Horizon Lines, LLC ...

IRS number

990032630

MATX stock data

1M 1Y 5Y

Analyst ratings and price targets

Last 3 months

Average target

$71.50

Low target

$70.00

High target

$73.00

Latest filings (excl ownership)

View all

DEFA14A

Additional proxy soliciting materials

13 Mar 23

Annual report to shareholders

24 Feb 23

Results of Operations and Financial Condition

21 Feb 23

8-K

1 Investor Presentation │February 2023 Investor Presentation February 2023

7 Feb 23

8-K

Results of Operations and Financial Condition

18 Jan 23

8-K

1 Investor Presentation │November 2022 Investor Presentation November 2022

15 Nov 22

8-K

1 Investor Presentation │November 2022 Investor Presentation November 2022

3 Nov 22

Transcripts

View all

MATX

Earnings call transcript

2022 Q4

21 Feb 23

MATX

Earnings call transcript

2022 Q3

2 Nov 22

MATX

Earnings call transcript

2022 Q2

2 Aug 22

MATX

Earnings call transcript

2022 Q1

4 May 22

MATX

Earnings call transcript

2021 Q4

18 Feb 22

MATX

Earnings call transcript

2021 Q3

4 Nov 21

MATX

Earnings call transcript

2021 Q2

2 Aug 21

MATX

Earnings call transcript

2021 Q1

28 Apr 21

MATX

Earnings call transcript

2020 Q4

24 Feb 21

MATX

Earnings call transcript

2020 Q3

2 Nov 20

Latest ownership filings

View all

MATTHEW J COX

30 Mar 23

144

Notice of proposed sale of securities

FULLER & THALER ASSET MANAGEMENT, INC.

ArrowMark Colorado Holdings LLC

15 Feb 23

SC 13G/A

FULLER & THALER ASSET MANAGEMENT, INC.

14 Feb 23

SC 13G

DIMENSIONAL FUND ADVISORS LP

10 Feb 23

Financial summary

Financial statements Chart MATX financial data

Quarter (USD)	Dec 22	Sep 22	Jun 22	Mar 22
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Dec 22	Dec 21	Dec 20	Dec 19
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Cash burn rate (est.)	Burn method: Change in cash		Burn method: Operating income		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)	253.70 mm	253.70 mm	253.70 mm	253.70 mm	253.70 mm	253.70 mm
Cash burn (monthly)	(no burn)	2.83 mm	(no burn)	(no burn)	(no burn)	(no burn)
Cash used (since last report)	n/a	8.55 mm	n/a	n/a	n/a	n/a
Cash remaining	n/a	245.15 mm	n/a	n/a	n/a	n/a
Runway (months of cash)	n/a	86.5	n/a	n/a	n/a	n/a

Beta Read what these cash burn values mean

Financial data from Matson earnings reports.

Institutional ownership, Q4 2022

MATX institutional ownership history Ownership history

85.5% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	293	298	-1.7%
Opened positions	44	38	+15.8%
Closed positions	49	61	-19.7%
Increased positions	90	101	-10.9%
Reduced positions	125	118	+5.9%

13F shares	Current	Prev Q	Change
Total value	1.90 tn	2.72 bn	+69813.5%
Total shares	30.83 mm	30.16 mm	+2.2%
Total puts	78.70 k	168.20 k	-53.2%
Total calls	96.30 k	202.50 k	-52.4%
Total put/call ratio	0.8	0.8	-1.6%

Largest owners	Shares	Value	Change
BLK Blackrock	6.59 mm	$412.21 bn	+2.6%
Vanguard	4.44 mm	$277.41 bn	-1.1%
Dimensional Fund Advisors	2.43 mm	$152.13 bn	+11.0%
ArrowMark Colorado	1.43 mm	$89.36 bn	-31.3%
STT State Street	1.40 mm	$87.33 bn	NEW
Fuller & Thaler Asset Management	1.37 mm	$85.88 bn	+8.1%
Capital Research Global Investors	1.15 mm	$71.86 bn	-7.3%
Geode Capital Management	687.66 k	$43.01 bn	+0.6%
Acadian Asset Management	551.60 k	$34.50 bn	-29.8%
BK Bank Of New York Mellon	535.82 k	$33.49 bn	+0.6%

Largest transactions	Shares	Bought/sold	Change
STT State Street	1.40 mm	+1.40 mm	NEW
ArrowMark Colorado	1.43 mm	-650.70 k	-31.3%
Dimensional Fund Advisors	2.43 mm	+240.12 k	+11.0%
Acadian Asset Management	551.60 k	-234.36 k	-29.8%
JPM JPMorgan Chase & Co.	287.28 k	+224.72 k	+359.2%
Pacer Advisors	471.51 k	+181.75 k	+62.7%
BLK Blackrock	6.59 mm	+165.89 k	+2.6%
Millennium Management	53.29 k	-150.26 k	-73.8%
Brandywine Global Investment Management	0.00	-147.06 k	EXIT
T. Rowe Price Investment Management	144.99 k	+123.27 k	+567.7%

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Recent insider trades

MATX insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
30 Mar 23	Cox Matthew J	Common Stock	Sell	Dispose S	No	Yes	60.4341	6,181	373.54 k	280,086
16 Mar 23	Fukunaga Mark H	Common Stock	Buy	Acquire P	No	No	63.5937	1,573	100.03 k	24,297
8 Mar 23	Lauer John P	Common Stock	Sell	Dispose S	No	No	63.8505	13,804	881.39 k	33,200
1 Mar 23	Rusty K Rolfe	Common Stock	Sell	Dispose S	No	No	67.5648	3,000	202.69 k	23,528
28 Feb 23	Stuck Kevin L	Common Stock	Sell	Dispose S	No	No	67.4796	2,760	186.24 k	4,568
28 Feb 23	Rusty K Rolfe	Common Stock	Sell	Dispose S	No	No	67.2927	5,000	336.46 k	26,528