Capstone Asset Management Co. decreased its stake in Marten Transport Ltd. (NASDAQ:MRTN) by 1.4% during the third quarter, Holdings Channel reports. The institutional investor owned 10,010 shares of the company’s stock after selling 140 shares during the period. Capstone Asset Management Co.’s holdings in Marten Transport were worth $210,000 as of its most recent filing with the SEC.
Several other large investors have also modified their holdings of the company. Westfield Capital Management Co. LP acquired a new stake in shares of Marten Transport during the second quarter valued at approximately $10,086,000. Henderson Group PLC boosted its stake in shares of Marten Transport by 57.6% in the second quarter. Henderson Group PLC now owns 655,377 shares of the company’s stock valued at $12,976,000 after buying an additional 239,562 shares in the last quarter. Emerald Acquisition Ltd. acquired a new stake in shares of Marten Transport during the second quarter valued at approximately $3,374,000. FMR LLC acquired a new stake in shares of Marten Transport during the second quarter valued at approximately $2,954,000. Finally, Investment Counselors of Maryland LLC boosted its stake in shares of Marten Transport by 17.8% in the second quarter. Investment Counselors of Maryland LLC now owns 791,575 shares of the company’s stock valued at $15,673,000 after buying an additional 119,470 shares in the last quarter. Institutional investors own 69.01% of the company’s stock.
Shares of Marten Transport Ltd. (NASDAQ:MRTN) remained flat at $20.50 on Wednesday. 43,197 shares of the company were exchanged. The stock has a market cap of $665.82 million, a PE ratio of 20.10 and a beta of 1.02. The firm has a 50-day moving average of $21.40 and a 200 day moving average of $20.23. Marten Transport Ltd. has a 52 week low of $14.62 and a 52 week high of $22.27.
Marten Transport (NASDAQ:MRTN) last posted its earnings results on Tuesday, July 19th. The company reported $0.26 EPS for the quarter, topping analysts’ consensus estimates of $0.25 by $0.01. The firm earned $166.10 million during the quarter, compared to analysts’ expectations of $168.17 million. Marten Transport had a net margin of 5.08% and a return on equity of 8.19%. Analysts anticipate that Marten Transport Ltd. will post $1.00 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Tuesday, September 27th. Stockholders of record on Tuesday, September 13th were issued a $0.025 dividend. The ex-dividend date of this dividend was Friday, September 9th. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.49%. Marten Transport’s dividend payout ratio (DPR) is currently 9.80%.
MRTN has been the subject of several analyst reports. Zacks Investment Research cut shares of Marten Transport from a “hold” rating to a “sell” rating in a research report on Friday, June 24th. Avondale Partners lowered shares of Marten Transport from an “outperform” rating to a “market perform” rating and set a $22.00 price objective on the stock. in a research note on Friday, July 22nd.
In other news, Chairman Randolph L. Marten sold 100,000 shares of the company’s stock in a transaction that occurred on Friday, July 29th. The stock was sold at an average price of $21.76, for a total value of $2,176,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider John H. Turner sold 1,275 shares of the company’s stock in a transaction that occurred on Friday, August 5th. The shares were sold at an average price of $22.00, for a total value of $28,050.00. The disclosure for this sale can be found here. 23.70% of the stock is currently owned by insiders.
Marten Transport Company Profile
Marten Transport, Ltd. is a national protective service transportation company. It is a temperature-sensitive truckload carrier. The Company specializes in transporting and distributing food and other consumer-packaged goods that require a temperature-controlled or insulated environment. The Company operates through four segments: Truckload, Dedicated, Intermodal and Brokerage.
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