Swiss National Bank held its position in shares of Marten Transport Ltd. (NASDAQ:MRTN) during the second quarter, Holdings Channel reports. The institutional investor owned 41,350 shares of the company’s stock at the end of the second quarter. Swiss National Bank owned approximately 0.13% of Marten Transport worth $819,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. BNP Paribas Arbitrage SA increased its position in shares of Marten Transport by 104.7% in the second quarter. BNP Paribas Arbitrage SA now owns 7,133 shares of the company’s stock worth $141,000 after buying an additional 3,648 shares during the period. Arizona State Retirement System increased its position in shares of Marten Transport by 4.3% in the first quarter. Arizona State Retirement System now owns 12,157 shares of the company’s stock worth $228,000 after buying an additional 500 shares during the period. Suntrust Banks Inc. increased its position in shares of Marten Transport by 0.9% in the second quarter. Suntrust Banks Inc. now owns 14,905 shares of the company’s stock worth $295,000 after buying an additional 126 shares during the period. Huntington Asset Advisors Inc. bought a new position in shares of Marten Transport during the first quarter worth $496,000. Finally, Coyle Financial Counsel LLC increased its position in shares of Marten Transport by 1.8% in the second quarter. Coyle Financial Counsel LLC now owns 33,269 shares of the company’s stock worth $659,000 after buying an additional 584 shares during the period. Institutional investors own 69.01% of the company’s stock.
Shares of Marten Transport Ltd. (NASDAQ:MRTN) traded down 0.24% on Friday, reaching $20.72. 52,340 shares of the company were exchanged. The firm’s 50 day moving average price is $21.46 and its 200 day moving average price is $20.18. Marten Transport Ltd. has a 52 week low of $14.62 and a 52 week high of $22.27. The stock has a market capitalization of $672.96 million, a price-to-earnings ratio of 20.31 and a beta of 1.02.
Marten Transport (NASDAQ:MRTN) last posted its earnings results on Tuesday, July 19th. The company reported $0.26 EPS for the quarter, beating analysts’ consensus estimates of $0.25 by $0.01. The business had revenue of $166.10 million for the quarter, compared to the consensus estimate of $168.17 million. Marten Transport had a net margin of 5.08% and a return on equity of 8.19%. Equities research analysts anticipate that Marten Transport Ltd. will post $1.00 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 27th. Shareholders of record on Tuesday, September 13th were given a dividend of $0.025 per share. This represents a $0.10 dividend on an annualized basis and a yield of 0.48%. The ex-dividend date was Friday, September 9th. Marten Transport’s dividend payout ratio (DPR) is 9.80%.
A number of brokerages recently weighed in on MRTN. Zacks Investment Research upgraded shares of Marten Transport from a “sell” rating to a “hold” rating in a research report on Friday, June 17th. Avondale Partners downgraded 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 report on Friday, July 22nd.
In other Marten Transport news, insider John H. Turner sold 1,275 shares of the firm’s stock in a transaction dated Friday, August 5th. The shares were sold at an average price of $22.00, for a total transaction of $28,050.00. The transaction was disclosed in a filing with the SEC, which is available at 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 transaction of $2,176,000.00. The disclosure for this sale can be found here. Company insiders own 23.70% 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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