Matson, Inc. (MATX) - NYSE
  • Dec. 2, 2015, 12:17 PM
    • Transportation stocks are lower on the day on some broad macroeconomic concerns. Some BAML downgrades in the sector are also weighing on sentiment.
    • Trading is notably weak in CXS Corp (CSX -2.3%), American Railcar Industries (ARII -2.6%), Kansas City Southern (KSU -1.9%), YRC Worldwide (YRCW -5.7%), Heartland Express (HTLD -3.7%), Swift Transportation (SWFT -3%), FedEx (FDX -0.9%), UPS (UPS -0.5%), Air Transport Services (ATSG -1.7%), and Matson (MATX -2.5%).
    • A notable exception to the sector slide is airline stocks which are showing strength after Delta Air Lines (DAL +2.7%) reported some eye-opening capacity constraint. The major carrier increased passenger revenue per available seat mile sand load factor during November. A 3% decline in crude oil prices is also factoring in to the rally in airline stocks.
    • United Continental (UAL +3.2%), Hawaiian Holdings (HA +2.9%), Southwest Airlines (LUV +2.3%), and Republic Airways Holdings (RJET +4.4%) are all solidly higher.
    • The Dow Jones Transportation Average is down 0.8% off the conflicting forces of gravity.
    • Related ETFs: IYT, XTN, JETS.
    | Dec. 2, 2015, 12:17 PM | 5 Comments
  • Jul. 10, 2015, 10:33 AM
    • Notable movers in the shipping sector include DryShips (DRYS +3.1%), Danaois (DAC +5.6%), and Paragon Shipping (PRGN +1.6%).
    • Some names in the volatile sector has been trading off of developments in Greece even with many of the Greece-based companies deriving nearly all their revenue outside the nation.
    • On a broader look, the Baltic Dry Index is +21 to 874. The breakdown shows the Cape index is 1279 with a spot price of 9612 vs. 11,149 a year ago, the Panamax index is 1052 with a spot price of  8380 vs. 5432 a year ago, and the Supramax index is 767 with a spot price of 8021 vs. 7099 a year ago.
    • The Baltic Tanker Clean Index is 837 vs. 521 a year ago and the Baltic Dirty Index is 857 vs. 786 a year ago.
    • The Guggenheim Shipping ETF (NYSEARCA:SEA) is +1.43% on the day and -4.12% YTD.
    • Related stocks: TNK, EURN, TGP, NMM, SSW, SFL, TK, SMM, TOO, GMLP, DHT, NM, MATX, NAT, FREE, DSX, SB, FRO.
    | Jul. 10, 2015, 10:33 AM | 12 Comments
  • Jun. 18, 2015, 10:21 AM
    • Shipping stocks are active on a sustained jump in the Dry Baltic Index.
    • The index is up 6.5% on the day and has now rallied over 25% since late May.
    • Prices for the Cape, Panamax, and Supramax categories of vessels are all higher.
    • Stocks on the move include Diana Shipping (DSX +4.5%), Golden Ocean Group (GOGL +4.1%), DryShips (DRYS +2.5%), Frontline (FRO +1.9%), Navios Maritime Holdings (NM +2.2%), Star Bulk Carriers (SBLK +1.9%), Matson (MATX +2.1%), Euronav (EURN +1.4%), Navios Maritume Acquisition (NNA +2.6%), Nordic American Tankers (NAT +1.1%).
    | Jun. 18, 2015, 10:21 AM | 17 Comments
  • Feb. 25, 2015, 5:37 PM
    • Top gainers, as of 5:15 p.m.: ELX +24.5%. CRM +10.5%. ARC +9.4%. GPOR +9.0%. CLUB +7.1%.
    • Top losers, as of 5:15 p.m.: WAL -10.4%. IL -8.1%. MMSI -7.3%. MATX -6.1%. INFI -5.0%.
    | Feb. 25, 2015, 5:37 PM | 1 Comment
  • Nov. 12, 2014, 12:45 PM
    | Nov. 12, 2014, 12:45 PM
  • Nov. 12, 2014, 12:43 PM
    • Matson (MATX +18.7%) trades higher after the company snaps up one of its key rivals in a $69M deal (ex-debt).
    • The acquisition will help Matson grow its Jones Act business (state-to-state).
    • Shares of MATX set a 52-week high in trading earlier today.
    | Nov. 12, 2014, 12:43 PM
  • Nov. 11, 2014, 6:19 PM
    • Ocean cargo carrier Matson (NYSE:MATX) agrees to acquire Horizon Lines' (OTCQB:HRZL) Alaska shipping business for ~$456M, which includes the repayment of HRZL's total outstanding debt.
    • MATX expects the deal to contribute ~$70M to consolidated EBITDA and to be ~$1.00 accretive to annual cash flow/share within two years of the closing.
    • HRZL also is selling its Hawaii operations to The Pasha Group for $141.5M and intends to shut down its Puerto Rico liner operations by the end of 2014.
    • MATX +7.8%, HRZL +60% AH.
    | Nov. 11, 2014, 6:19 PM
  • Nov. 11, 2014, 5:38 PM
    | Nov. 11, 2014, 5:38 PM | 4 Comments
  • Jul. 9, 2014, 9:59 AM
    • Shares of Matson (MATX +4.3%) move higher after BB&T Capital upgrades the shipper to a Buy rating.
    • The investment firm has a $35 price target on the stock.
    | Jul. 9, 2014, 9:59 AM
  • Jun. 2, 2014, 5:37 PM
    | Jun. 2, 2014, 5:37 PM
  • Mar. 27, 2013, 5:49 PM
    After-hours top gainers, as of 5:15 p.m.: GBX +3%. GNW +3%. LCC +3%. MATX +1.4%. SU +1.1%.
    After-hours top losers: ARRY -12%. RHT -9%. FIVE -7%. ESI -6%. PVH -5%.
    | Mar. 27, 2013, 5:49 PM
Company Description
Matson, Inc. is a holding company, which provides logistics and ocean transportation services through its subsidiaries. The company operates through its wholly owned subsidiaries in two segments: Ocean transportation and Logistics. The Ocean transportation segment operates through Matson... More
Sector: Services
Industry: Shipping
Country: United States