Marten Transport Director G Larry Owens Sells 22,850 Shares (MRTN)
Marten Transport (NASDAQ:MRTN) Director G Larry Owens unloaded 22,850 shares of Marten Transport stock on the open market in a transaction that occurred on Friday, June 6th. The shares were sold at an average price of $24.65, for a total transaction of $563,252.50. Following the completion of the sale, the director now directly owns 16,000 shares in the company, valued at approximately $394,400. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
A number of analysts have recently weighed in on MRTN shares. 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 equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. Marten Transport currently has a consensus rating of “Buy” and a consensus price target of $22.55.
Shares of Marten Transport (NASDAQ:MRTN) traded down 0.85% during mid-day trading on Monday, hitting $24.45. 110,237 shares of the company’s stock traded hands. Marten Transport has a 52-week low of $14.87 and a 52-week high of $25.71. The stock’s 50-day moving average is $23.4 and its 200-day moving average is $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 issued its quarterly earnings data 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. On average, analysts predict that Marten Transport will post $1.06 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Monday, June 30th. Investors 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.
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