The latest update is out from Matson ( (MATX) ).
On February 27, 2025, Matson, Inc., a prominent U.S. carrier in the Pacific, announced the addition of three million shares to its existing share repurchase program, extending the program to December 31, 2027. This decision follows the repurchase of 11.5 million shares since August 2021, aimed at returning excess cash to shareholders and enhancing long-term shareholder value. The repurchase will be conducted at the company’s discretion based on capital needs, market price, and conditions, with the possibility of suspension or discontinuation at any time.
More about Matson
Founded in 1882, Matson (NYSE: MATX) is a leading provider of ocean transportation and logistics services. The company offers essential ocean freight transportation services to Hawaii, Alaska, Guam, and other island economies in Micronesia. Matson also provides expedited services from China to Long Beach, California, and operates in Okinawa, Japan, and various South Pacific islands. Matson Logistics, established in 1987, extends the company’s transportation network across North America and Asia, offering integrated logistics services.
YTD Price Performance: 6.88%
Average Trading Volume: 266,093
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $4.77B
See more data about MATX stock on TipRanks’ Stock Analysis page.