Marten Transport, Ltd. (NASDAQ:MRTN) was upgraded by research analysts at BidaskClub from a “sell” rating to a “hold” rating in a research note issued to investors on Wednesday.

Other analysts also recently issued research reports about the stock. Zacks Investment Research raised shares of Marten Transport from a “hold” rating to a “buy” rating and set a $19.00 price target on the stock in a report on Tuesday, July 25th. ValuEngine raised shares of Marten Transport from a “hold” rating to a “buy” rating in a research note on Tuesday, July 11th. Finally, Stifel Nicolaus upped their price objective on shares of Marten Transport from $13.20 to $15.00 and gave the company a “hold” rating in a research note on Tuesday, April 25th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $17.00.

Marten Transport (MRTN) traded down 0.61% on Wednesday, reaching $16.20. 86,402 shares of the company’s stock were exchanged. The company has a market cap of $883.09 million, a P/E ratio of 26.05 and a beta of 1.27. Marten Transport has a 12-month low of $11.22 and a 12-month high of $17.90. The firm has a 50 day moving average of $16.28 and a 200-day moving average of $15.05.

Marten Transport (NASDAQ:MRTN) last announced its quarterly earnings results on Thursday, July 20th. The transportation company reported $0.17 earnings per share (EPS) for the quarter, beating 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 company had revenue of $171.51 million for the quarter, compared to the consensus estimate of $176.08 million. During the same quarter in the prior year, the firm earned $0.26 earnings per share. The company’s revenue for the quarter was up 3.3% compared to the same quarter last year. Equities analysts expect that Marten Transport will post $0.63 EPS for the current fiscal year.

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In related news, Chairman Randolph L. Marten sold 50,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 6th. The shares were sold at an average price of $25.51, for a total transaction of $1,275,500.00. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider John H. Turner sold 4,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 6th. The shares were sold at an average price of $25.59, for a total transaction of $102,360.00. The disclosure for this sale can be found here. Corporate insiders own 23.00% of the company’s stock.

Several institutional investors have recently made changes to their positions in MRTN. Bank of Montreal Can increased its position in shares of Marten Transport by 376.0% in the first quarter. Bank of Montreal Can now owns 4,355 shares of the transportation company’s stock valued at $101,000 after buying an additional 3,440 shares during the last quarter. PNC Financial Services Group Inc. increased its position in shares of Marten Transport by 2.4% in the first quarter. PNC Financial Services Group Inc. now owns 4,688 shares of the transportation company’s stock valued at $111,000 after buying an additional 108 shares during the last quarter. SG Americas Securities LLC purchased a new position in shares of Marten Transport during the second quarter valued at about $116,000. State of Alaska Department of Revenue increased its position in shares of Marten Transport by 78.9% in the second quarter. State of Alaska Department of Revenue now owns 4,580 shares of the transportation company’s stock valued at $125,000 after buying an additional 2,020 shares during the last quarter. Finally, Mason Street Advisors LLC increased its position in shares of Marten Transport by 7.2% in the first quarter. Mason Street Advisors LLC now owns 5,418 shares of the transportation company’s stock valued at $127,000 after buying an additional 365 shares during the last quarter. 41.47% of the stock is currently owned by institutional investors and hedge funds.

About Marten Transport

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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