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Matson (MATX) Company Profile

Updated Aug 5, 2020
Matson has the following business profile:
Company's Full Name:Matson, Inc.
Short Name:Matson
Trading Ticker Symbol:MATX
Primary Exchange:NYSE
Headquarter City/Country:Hawaii, HI
Primary Industry Sector:Consumer Services
Seconday Sub-sector:Marine Transportation
Main Business Areas: Consumer Services, Marine Transportation, Industrials, Shipping & Ports
Dividend Payments:Dividend History
ETFs Holding:List of ETFs holding Matson stock

Market and Trading Information for Matson

The following details were available for trading and market data about the stock of Matson as of writing:
Current Share Price:$37.57
Previous Year's Closing Price:$40.8
Percentage Price Change (YTD):-7.92%
Market Cap:$1.62 billion
52-week Price Range:$23.75 - $42.15
Dividend Per Share:$0.87
EPS (TTM):1.71
Price-Earnings (Trailing):21.98
Price-Earnings (Forward):18.33

Company Profile and Business Description for Matson

Matson, Inc. (Matson), incorporated on January 25, 2012, is a holding company. The Company provides ocean transportation and logistics services. The Company operates through two segments: Ocean Transportation and Logistics. Its Ocean Transportation business is conducted through its subsidiary, Matson Navigation Company, Inc. (MatNav). MatNav is an asset-based business that provides ocean freight transportation services to the domestic economies of Hawaii, Alaska and Guam, and to other island economies in Micronesia and in the South Pacific. Matson's fleet consists of approximately 20 owned and over three chartered vessels, including containerships, combination container/roll-on/roll-off ships, roll-on/roll-off barge and barges equipped with cranes. Matson's Logistics business is conducted through Matson Logistics, Inc. (Matson Logistics or Logistics), a subsidiary of MatNav. Matson Logistics is an asset-light business that provides multimodal transportation services, including domestic and international rail intermodal service (Intermodal); long-haul and regional highway brokerage, specialized hauling, flat-bed and project services, less-than-truckload services, expedited freight services (collectively Highway); supply chain management, and warehousing and distribution services.

Ocean Transportation

Matson's Hawaii service provides ocean freight services (lift-on/lift-off, roll-on/roll-off and conventional services) between the ports of Long Beach, Oakland, Seattle and ports in Hawaii on the islands of Oahu, Kauai, Maui and Hawaii. Matson's Alaska service provides ocean freight services (lift-on/lift-off and conventional services) between the port of Tacoma, Washington and the ports of Anchorage, Kodiak, and Dutch Harbor in Alaska. The Company also provides a barge service between Dutch Harbor and Akutan, and other transportation services to smaller locations in Alaska. Matson's northbound cargo to Alaska includes dry containers of mixed commodities, refrigerated commodities, packaged foods, household goods and automobiles. Matson's southbound cargo from Alaska primarily consists of household goods, automobiles and seafood. Matson's China service is part of an integrated Hawaii/Guam/China service. This service carries cargo from Long Beach to Honolulu and then to Guam. Matson's Guam service provides weekly container and conventional freight services carrying general sustenance cargo between the United States West Coast and Guam. Additionally, Matson provides freight services from Guam to the Commonwealth of the Northern Mariana Islands. Matson's Micronesia service provides container and conventional freight services carrying general sustenance cargo between the United States West Coast and the islands of Kwajalein, Ebeye and Majuro in the Republic of the Marshall Islands, the islands of Yap, Pohnpei, Chuuk and Kosrae in the Federated States of Micronesia and the Republic of Palau. Matson's South Pacific service provides container and conventional freight services carrying general sustenance cargo between New Zealand and other South Pacific Islands including Fiji, Samoa, American Samoa, Tonga, the Cook Islands, Niue, Vanuatu, Nauru, and the Solomon Islands.

Matson also provides container stevedoring, container equipment maintenance and other terminal services for MatNav and other ocean carriers on the Hawaii islands of Oahu, Hawaii, Maui and Kauai, and in the Alaska locations of Anchorage, Kodiak, Dutch Harbor and Akutan. In addition, SSA Terminals, LLC (SSAT) provides terminal and stevedoring services to various carriers at over six terminal facilities on the United States West Coast and to MatNav at approximately three of those facilities, including Long Beach and Oakland, California, and Seattle, Washington.

Logistics

Matson Logistics is a transportation intermediary that provides intermodal rail services, highway, warehousing and distribution and other third-party logistics services for North American customers and international ocean carrier customers, including MatNav. Matson Logistics also provides freight forwarding, consolidation, customs brokerage, purchase order management and non-vessel operating common carrier services. Matson Logistics Warehousing provides warehousing and distribution services in Northern and Southern California and in Georgia. Through Matson Logistics Warehousing, Inc. (Matson Logistics Warehousing), a subsidiary of Matson Logistics, the Company provides its customers with a suite of rail, highway, warehousing and distribution services. Matson Logistics operates approximately six customer service centers, including over one in China (for supply chain services) and has sales offices throughout the United States.

The Company competes with Pasha Hawaii, Aloha Marine Lines, Sause Brothers, Totem Ocean Trailer Express, Inc., Maersk, Hanjin, MSC, CMA CGM, Evergreen, China COSCO Shipping Corporation, American President Lines, 'K' Line, OOCL, Hyundai, NYK Line, Waterman Steamship Corporation, C.H. Robinson Worldwide, the Hub Group, JB Hunt, Alaska Marine Lines and Samson Tug & Barge.

1411 Sand Island Pkwy

ETFs Holding Matson Stock

As of March 2020, the following exchange-traded funds (ETF) hold the Matson stocks in their respective portfolios. Below is a random list of only 10 ETFs in no particular order that have Matson stock holding. There are a total of 61 ETFs in Fknol.com records which are holding Matson stock in their portfolio. See Full List.

TickerNameShort DescriptionExpense
Ratio
No. of
Holdings
Dividend
Frequency
DGROiShares Core Dividend Growth ETFThe iShares Core Dividend Growth ETF tracks an index of US stocks that are selected by dividends, dividend growth and payout ratio, then weighted by dividend dollars. ...Full Details0.08%449
Full List
Quarterly
ESGVVanguard ESG US Stock ETFThe Vanguard ESG U.S. Stock ETF tracks a market-cap-weighted index of US companies screened for environmental, social, and corporate governance (ESG) criteria. ...Full Details0.12%988
Full List
Quarterly
EXTWisdomTree US Total Earnings ETFThe WisdomTree U.S. Total Earnings Fund tracks an index selected and weighted by earnings over the past four quarters. ...Full Details0.28%1233
Full List
Quarterly
FIDUFidelity MSCI Industrials Index ETFThe Fidelity MSCI Industrials Index ETF tracks a market-cap-weighted index of stocks in the broad US industrials sector. ...Full Details0.08%343
Full List
Quarterly
ITOTiShares Core S&P Total US Stock Market ETFThe iShares Core S&P Total U.S. Stock Market ETF tracks a market cap-weighted index of all common equities listed on the NYSE and the NASDAQ. ...Full Details0.03%3090
Full List
Quarterly
IWViShares Russell 3000 ETFThe iShares Russell 3000 ETF tracks a cap-weighted index that measures the investable US equities market, covering the entire market-cap spectrum, including micro-caps. ...Full Details0.2%3002
Full List
Quarterly
MMTMSPDR S&P 1500 Momentum Tilt ETFThe SPDR S&P 1500 Momentum Tilt ETF tracks a tiered index that weights securities from the S&P 1500 according to a combination of their market capitalization and their price momentum over the previous 12 months. ...Full Details0.12%1240
Full List
Quarterly
SCHBSchwab US Broad Market ETFThe Schwab U.S. Broad Market ETF tracks a cap-weighted index of the largest 2,500 stocks in the US. ...Full Details0.03%2365
Full List
Quarterly
SPTMSPDR Portfolio Total Stock Market ETFThe SPDR Portfolio Total Stock Market ETF tracks a propritary index designed to provide exposure to broad US equities, covering the entire market-cap spectrum. ...Full Details0.03%2369
Full List
Quarterly
VISVanguard Industrial ETFThe Vanguard Industrials ETF tracks a broad, market-cap-weighted index of US industrial stocks. ...Full Details0.1%350
Full List
Quarterly

See Full List of ETFs holding Matson stock in their respective portfolios.

Peer / Competitor Companies of Marine Transportation Sector

Along with Matson, Inc., the following other peer (competitor) companies also exist within the same Marine Transportation - Consumer Services sector whose company profile and dividend history is as follows:

▶ Ardmore Shipping (ASC): Ardmore Shipping Corporation, incorporated on May 14, 2013, provides seaborne transportation of petroleum products and chemicals to national oil companies, oil and chemical traders, and chemical companies, with its fleet ....See Detailed Company Profile,  Dividend History

▶ Brookfield Infrastructure Partners LP (BIP): Brookfield Infrastructure Partners L.P., incorporated on May 29, 2007, owns and operates utilities, transport, energy and communications infrastructure businesses in North and South America, Europe and Asia Pacific. The Companys ....See Detailed Company Profile,  Dividend History

▶ Capital Product Partners (CPLP): Capital Product Partners L.P., incorporated on January 16, 2007, is an international owner of tanker, container and drybulk vessels. The Companys fleet consisted of 36 high specification vessels with an ....See Detailed Company Profile,  Dividend History

▶ Carnival (CCL): Carnival Corporation operates as a leisure travel company in North America, Australia, Europe, and Asia. It operates in four segments: North America and Australia Cruise Operations, Europe and Asia Cr....See Detailed Company Profile,  Dividend History

▶ Carnival (CUK): Carnival plc operates as a leisure travel company in North America, Australia, Europe, and Asia. It operates in four segments: North America and Australia Cruise Operations, Europe and Asia Cruise Ope....See Detailed Company Profile,  Dividend History

▶ Costamare (CMRE): Costamare Inc. owns and charters containerships to liner companies worldwide. As of February 23, 2018, it had a fleet of 71 containerships with a total capacity of approximately 466,000 twenty foot eq....See Detailed Company Profile,  Dividend History

▶ Danaos (DAC): Danaos Corporation, incorporated on October 7, 2005, is a holding company and an international owner of containerships, chartering its vessels to a range of liner companies. The Companys principal business ....See Detailed Company Profile,  Dividend History

▶ DHT (DHT): DHT Holdings, Inc., through its subsidiaries, owns and operates crude oil tankers primarily in Oslo, Norway and Singapore. As of February 6, 2018, it had a fleet of 27 very large crude carriers and 2 ....See Detailed Company Profile,  Dividend History

▶ Diana Containerships (DCIX): Diana Containerships Inc., through its subsidiaries, operates in the seaborne transportation industry worldwide. It owns and operates containerships, as well as focuses on containership acquisition op....See Detailed Company Profile,  Dividend History

▶ Diana Shipping (DSX): Diana Shipping Inc. provides shipping transportation services. The company transports a range of dry bulk cargoes, including iron ore, coal, and grains, as well as steel products, cement, and fertilizers throug....See Detailed Company Profile,  Dividend History

▶ Dorian LPG (LPG): Dorian LPG Ltd., together with its subsidiaries, engages in the transportation of liquefied petroleum gas (LPG) through its LPG tankers worldwide. It owns and operates very large gas carriers (VLGCs).....See Detailed Company Profile,  Dividend History

▶ Dynagas LNG Partners LP (DLNG): Dynagas LNG Partners LP, through its subsidiaries, operates in the seaborne transportation industry worldwide. The company owns and operates liquefied natural gas (LNG) carriers. As of March 9, 2018, ....See Detailed Company Profile,  Dividend History

▶ Eagle Bulk Shipping (EGLE): Eagle Bulk Shipping Inc., incorporated on March 23, 2005, is engaged in the ocean transportation of dry bulk cargoes around the world through the ownership, chartering and operation of dry-bulk ....See Detailed Company Profile,  Dividend History

▶ Euronav NV (EURN): Euronav NV, together with its subsidiaries, engages in the transportation and storage of crude oil and petroleum products worldwide. The company operates through two segments, Tankers; and Floating Production, ....See Detailed Company Profile,  Dividend History

▶ Euroseas (ESEA): Euroseas Ltd. provides ocean-going transportation services worldwide. The company owns and operates containerships that transport dry and refrigerated containerized cargoes, including manufactured pro....See Detailed Company Profile,  Dividend History

▶ Frontline (FRO): Frontline Ltd., a shipping company, engages in the seaborne transportation of crude oil and oil products worldwide. As of December 31, 2017, the company's fleet consisted of 61 vessels, including VLCC....See Detailed Company Profile,  Dividend History

▶ GasLog LP (GLOG): GasLog Ltd., incorporated on July 16, 2003, is an international owner, operator and manager of liquefied natural gas (LNG) carriers. The Company provides support to international energy companies as part ....See Detailed Company Profile,  Dividend History

▶ GasLog Partners LP (GLOP): GasLog Partners LP, incorporated on January 23, 2014, is a limited partnership company. The Company focuses on owning, operating and acquiring liquefied natural gas (LNG) carriers under multi-year charters. The ....See Detailed Company Profile,  Dividend History

▶ Genco Shipping and Trading (GNK): Genco Shipping & Trading Limited, incorporated on September 27, 2004, transports iron ore, coal, grain, steel products and other drybulk cargoes along shipping routes through the ownership and operation of ....See Detailed Company Profile,  Dividend History

▶ General Dynamics (GD): General Dynamics Corporation, incorporated on February 21, 1952, is a global aerospace and defense company. The Company offers a portfolio of products and services in business aviation; combat vehicles, weapons ....See Detailed Company Profile,  Dividend History

... See Full List of All Stocks of Marine Transportation Sector.

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Stock List of Other Top-level Sectors

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▶ Stocks of Capital Goods Sector

▶ Stocks of Communication Services Sector

▶ Stocks of Consumer Cyclical Sector

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