According to Zacks, “Marten Transport, Ltd. is a long-haul truckload carrier providing protective service and time- sensitive transportation. Protective service transportation means temperature controlled or insulated carriage of temperature-sensitive materials and general commodities. “
Separately, Avondale Partners cut Marten Transport from an outperform rating to a market perform rating and set a $22.00 price target for the company. in a report on Friday, July 22nd.
Marten Transport (NASDAQ:MRTN) opened at 21.26 on Wednesday. Marten Transport has a one year low of $14.62 and a one year high of $22.27. The firm has a 50-day moving average of $21.62 and a 200-day moving average of $20.03. The company has a market capitalization of $690.50 million, a P/E ratio of 20.84 and a beta of 1.01.
Marten Transport (NASDAQ:MRTN) last issued its earnings results on Tuesday, July 19th. The company reported $0.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.25 by $0.01. Marten Transport had a return on equity of 8.19% and a net margin of 5.08%. The business earned $166.10 million during the quarter, compared to the consensus estimate of $168.17 million. On average, analysts anticipate that Marten Transport will post $1.00 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 27th. Stockholders of record on Tuesday, September 13th will be issued a dividend of $0.025 per share. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.47%. The ex-dividend date is Friday, September 9th. Marten Transport’s dividend payout ratio is presently 9.80%.
In related news, insider John H. Turner sold 3,825 shares of the firm’s stock in a transaction dated Friday, September 2nd. The stock was sold at an average price of $22.00, for a total transaction of $84,150.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Randolph L. Marten sold 100,000 shares of the firm’s stock in a transaction dated Friday, July 29th. The shares were sold at an average price of $21.76, for a total value of $2,176,000.00. The disclosure for this sale can be found here. Insiders own 23.70% of the company’s stock.
A number of institutional investors have recently made changes to their positions in MRTN. BlackRock Fund Advisors boosted its position in shares of Marten Transport by 0.9% in the first quarter. BlackRock Fund Advisors now owns 1,503,447 shares of the company’s stock worth $28,145,000 after buying an additional 12,918 shares during the period. Cortina Asset Management LLC boosted its position in shares of Marten Transport by 37.5% in the second quarter. Cortina Asset Management LLC now owns 280,666 shares of the company’s stock worth $5,557,000 after buying an additional 76,473 shares during the period. AlphaOne Investment Services LLC boosted its position in shares of Marten Transport by 11.5% in the first quarter. AlphaOne Investment Services LLC now owns 156,049 shares of the company’s stock worth $2,922,000 after buying an additional 16,150 shares during the period. Foundry Partners LLC boosted its position in shares of Marten Transport by 0.3% in the second quarter. Foundry Partners LLC now owns 159,610 shares of the company’s stock worth $3,160,000 after buying an additional 475 shares during the period. Finally, Geode Capital Management LLC boosted its position in shares of Marten Transport by 12.1% in the first quarter. Geode Capital Management LLC now owns 176,674 shares of the company’s stock worth $3,307,000 after buying an additional 19,015 shares during the period. Institutional investors own 69.01% of the company’s stock.
About Marten Transport
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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