Comerica Bank lowered its holdings in Marten Transport, Ltd (NASDAQ:MRTN) by 5.2% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 36,435 shares of the transportation company’s stock after selling 2,011 shares during the quarter. Comerica Bank owned about 0.07% of Marten Transport worth $670,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also added to or reduced their stakes in MRTN. Dimensional Fund Advisors LP grew its stake in Marten Transport by 0.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 4,563,975 shares of the transportation company’s stock worth $73,891,000 after buying an additional 42,170 shares during the last quarter. BNP Paribas Arbitrage SA lifted its holdings in shares of Marten Transport by 421.9% in the 1st quarter. BNP Paribas Arbitrage SA now owns 8,199 shares of the transportation company’s stock valued at $146,000 after buying an additional 6,628 shares during the period. SG Americas Securities LLC lifted its holdings in shares of Marten Transport by 98.7% in the 1st quarter. SG Americas Securities LLC now owns 21,124 shares of the transportation company’s stock valued at $377,000 after buying an additional 10,492 shares during the period. Quantamental Technologies LLC lifted its holdings in shares of Marten Transport by 2,408.3% in the 1st quarter. Quantamental Technologies LLC now owns 3,311 shares of the transportation company’s stock valued at $59,000 after buying an additional 3,179 shares during the period. Finally, Janus Henderson Group PLC lifted its holdings in shares of Marten Transport by 0.4% in the 1st quarter. Janus Henderson Group PLC now owns 1,379,247 shares of the transportation company’s stock valued at $24,592,000 after buying an additional 4,832 shares during the period. Institutional investors and hedge funds own 70.32% of the company’s stock.
Several equities analysts recently issued reports on the company. Zacks Investment Research raised Marten Transport from a “sell” rating to a “hold” rating and set a $22.00 price objective for the company in a report on Friday, August 16th. BidaskClub raised Marten Transport from a “sell” rating to a “hold” rating in a report on Friday, June 28th. Stifel Nicolaus set a $18.00 price objective on Marten Transport and gave the stock a “hold” rating in a report on Friday, July 19th. Finally, Stephens began coverage on Marten Transport in a report on Monday, July 1st. They set a “hold” rating for the company. Five equities research analysts have rated the stock with a hold rating, Marten Transport currently has an average rating of “Hold” and an average target price of $20.67.
Shares of NASDAQ:MRTN traded down $0.05 during midday trading on Friday, reaching $22.05. The company’s stock had a trading volume of 11,396 shares, compared to its average volume of 182,876. The firm has a market cap of $1.18 billion, a price-to-earnings ratio of 22.05 and a beta of 1.51. Marten Transport, Ltd has a 1 year low of $15.39 and a 1 year high of $22.60. The business has a 50 day moving average price of $19.46 and a 200 day moving average price of $18.79.
Marten Transport (NASDAQ:MRTN) last announced its quarterly earnings data on Thursday, July 18th. The transportation company reported $0.28 EPS for the quarter, beating the Zacks’ consensus estimate of $0.27 by $0.01. The business had revenue of $212.10 million during the quarter, compared to the consensus estimate of $208.45 million. Marten Transport had a return on equity of 10.25% and a net margin of 7.33%. The business’s revenue for the quarter was up 7.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.25 earnings per share. Analysts expect that Marten Transport, Ltd will post 1.12 EPS for the current year.
The firm also recently disclosed a None dividend, which will be paid on Monday, September 30th. Stockholders of record on Monday, August 26th will be given a $0.68 dividend. The ex-dividend date is Friday, August 23rd. Marten Transport’s dividend payout ratio is currently 12.00%.
Marten Transport Profile
Marten Transport, Ltd. operates as a temperature-sensitive truckload carrier for shippers in the United States, Canada, and Mexico. It operates through four segments: Truckload, Dedicated, Intermodal, and Brokerage. The Truckload segment transports food and other consumer packaged goods that require a temperature-controlled or insulated environment.
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