Marten Transport, Ltd. (NASDAQ:MRTN) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued to investors on Thursday.

According to Zacks, “Marten Transport, Ltd. is a long-haul truckload carrier providing protective service and time- sensitive transportation. Protective service transportation means temperature controlled or insulated carriage of temperature-sensitive materials and general commodities. “

Several other analysts have also issued reports on MRTN. ValuEngine upgraded shares of Marten Transport from a “hold” rating to a “buy” rating in a research report on Tuesday, July 11th. BidaskClub lowered shares of Marten Transport from a “hold” rating to a “sell” rating in a research report on Tuesday, August 1st. Finally, Stifel Nicolaus set a $15.00 price target on shares of Marten Transport and gave the stock a “hold” rating in a research report on Wednesday, August 23rd. One analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $17.50.

Shares of Marten Transport (NASDAQ MRTN) traded up 0.53% on Thursday, hitting $18.90. The stock had a trading volume of 84,920 shares. Marten Transport has a 12-month low of $11.22 and a 12-month high of $19.05. The company has a 50 day moving average of $16.93 and a 200-day moving average of $15.57. The firm has a market capitalization of $1.03 billion, a P/E ratio of 30.39 and a beta of 1.27.

Marten Transport (NASDAQ:MRTN) last posted its quarterly earnings results on Thursday, July 20th. The transportation company reported $0.17 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.15 by $0.02. The business had revenue of $171.51 million for the quarter, compared to analyst estimates of $176.08 million. Marten Transport had a net margin of 4.96% and a return on equity of 7.72%. The firm’s revenue for the quarter was up 3.3% on a year-over-year basis. During the same quarter last year, the business posted $0.26 EPS. Equities analysts predict that Marten Transport will post $0.63 EPS for the current fiscal year.

COPYRIGHT VIOLATION NOTICE: This piece of content was published by American Banking News and is the property of of American Banking News. If you are accessing this piece of content on another domain, it was illegally stolen and republished in violation of United States and international copyright and trademark law. The original version of this piece of content can be accessed at https://www.americanbankingnews.com/2017/09/23/marten-transport-ltd-mrtn-cut-to-hold-at-zacks-investment-research.html.

A number of institutional investors have recently modified their holdings of MRTN. Bank of Montreal Can boosted its position in 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 in the last quarter. PNC Financial Services Group Inc. boosted its position in 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 in the last quarter. SG Americas Securities LLC acquired a new stake in Marten Transport in the second quarter valued at approximately $116,000. State of Alaska Department of Revenue boosted its position in 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 in the last quarter. Finally, Mason Street Advisors LLC boosted its position in 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 in the last quarter. Hedge funds and other institutional investors own 42.36% of the company’s stock.

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.

Get a free copy of the Zacks research report on Marten Transport (MRTN)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Marten Transport Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Marten Transport Ltd. and related companies with MarketBeat.com's FREE daily email newsletter.