Nicholas Company Inc. reduced its position in Marten Transport, Ltd. (NASDAQ:MRTN) by 4.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 194,505 shares of the transportation company’s stock after selling 8,395 shares during the quarter. Nicholas Company Inc. owned 0.36% of Marten Transport worth $5,329,000 as of its most recent SEC filing.
A number of other institutional investors have also recently bought and sold shares of the stock. Ameriprise Financial Inc. raised its position in Marten Transport by 1.5% in the 2nd quarter. Ameriprise Financial Inc. now owns 149,031 shares of the transportation company’s stock worth $4,083,000 after purchasing an additional 2,196 shares during the period. Teachers Advisors LLC raised its position in Marten Transport by 2.4% in the 2nd quarter. Teachers Advisors LLC now owns 41,588 shares of the transportation company’s stock worth $1,140,000 after purchasing an additional 981 shares during the period. Summit Global Investments purchased a new stake in Marten Transport in the 2nd quarter worth about $499,000. Alliancebernstein L.P. raised its position in Marten Transport by 24.6% in the 2nd quarter. Alliancebernstein L.P. now owns 24,350 shares of the transportation company’s stock worth $667,000 after purchasing an additional 4,800 shares during the period. Finally, Wells Fargo & Company MN raised its position in Marten Transport by 13.0% in the 2nd quarter. Wells Fargo & Company MN now owns 26,786 shares of the transportation company’s stock worth $734,000 after purchasing an additional 3,079 shares during the period. 42.36% of the stock is currently owned by institutional investors.
A number of research firms recently weighed in on MRTN. Zacks Investment Research lowered shares of Marten Transport from a “buy” rating to a “hold” rating in a research report on Friday, August 18th. BidaskClub raised shares of Marten Transport from a “sell” rating to a “hold” rating in a research report on Wednesday, August 16th. Stifel Nicolaus set a $15.00 target price on shares of Marten Transport and gave the stock a “hold” rating in a research report on Wednesday, August 23rd. Finally, ValuEngine raised shares of Marten Transport from a “hold” rating to a “buy” rating in a research report on Tuesday, July 11th. One analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $17.50.
Marten Transport, Ltd. (NASDAQ:MRTN) opened at 18.55 on Friday. Marten Transport, Ltd. has a 12 month low of $11.22 and a 12 month high of $19.00. The stock’s 50 day moving average is $16.80 and its 200-day moving average is $15.51. The stock has a market capitalization of $1.01 billion, a price-to-earnings ratio of 29.82 and a beta of 1.27.
Marten Transport (NASDAQ:MRTN) last announced its earnings results on Thursday, July 20th. The transportation company reported $0.17 earnings per share for the quarter, topping the consensus estimate of $0.15 by $0.02. Marten Transport had a net margin of 4.96% and a return on equity of 7.72%. The firm had revenue of $171.51 million for the quarter, compared to the consensus estimate of $176.08 million. During the same period in the prior year, the firm earned $0.26 EPS. The firm’s revenue for the quarter was up 3.3% on a year-over-year basis. On average, equities research analysts expect that Marten Transport, Ltd. will post $0.63 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be paid a dividend of $0.025 per share. This is an increase from Marten Transport’s previous quarterly dividend of $0.02. This represents a $0.10 annualized dividend and a yield of 0.54%. The ex-dividend date is Thursday, September 14th. Marten Transport’s dividend payout ratio is presently 15.97%.
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Marten Transport Company Profile
Marten Transport, Ltd. is a temperature-sensitive truckload carrier. The Company focuses on 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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