Insider Selling: John H. Turner Sells 1,211 Shares of Marten Transport Stock (MRTN)
Marten Transport (NASDAQ:MRTN) VP John H. Turner unloaded 1,211 shares of the stock in a transaction that occurred on Friday, June 6th. The shares were sold at an average price of $25.00, for a total value of $30,275.00. Following the transaction, the vice president now directly owns 18,940 shares of the company’s stock, valued at approximately $473,500. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
MRTN has been the subject of a number of recent research reports. Analysts at KeyCorp reiterated a “buy” rating on shares of Marten Transport in a research note on Friday, May 23rd. They now have a $26.00 price target on the stock, up previously from $23.00. Separately, analysts at Stephens upgraded shares of Marten Transport from an “equal weight” rating to an “overweight” rating in a research note on Monday, April 21st. Finally, analysts at Wunderlich raised their price target on shares of Marten Transport from $23.00 to $25.00 in a research note on Wednesday, April 16th. They now have a “buy” rating on the stock. Three research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $22.55.
Marten Transport (NASDAQ:MRTN) traded down 0.85% during mid-day trading on Monday, hitting $24.45. The stock had a trading volume of 110,237 shares. Marten Transport has a 52 week low of $14.87 and a 52 week high of $25.71. The stock has a 50-day moving average of $23.4 and a 200-day moving average of $20.7. The company has a market cap of $815.5 million and a price-to-earnings ratio of 29.36.
Marten Transport (NASDAQ:MRTN) last announced its earnings results on Tuesday, April 15th. The company reported $0.16 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.19 by $0.03. The company had revenue of $159.40 million for the quarter, compared to the consensus estimate of $162.06 million. During the same quarter in the prior year, the company posted $0.32 earnings per share. The company’s quarterly revenue was down 3.1% on a year-over-year basis. Analysts expect that Marten Transport will post $1.06 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Monday, June 30th. Stockholders of record on Monday, June 16th will be paid a dividend of $0.025 per share. This represents a $0.10 annualized dividend and a dividend yield of 0.41%. The ex-dividend date is Thursday, June 12th.
Marten Transport, Ltd. 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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.