Marten Transport, Ltd (NASDAQ:MRTN) Director Larry B. Hagness sold 12,000 shares of the company’s stock in a transaction that occurred on Friday, February 2nd. The shares were sold at an average price of $23.39, for a total value of $280,680.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
Marten Transport, Ltd (NASDAQ MRTN) traded down $0.90 during trading hours on Monday, hitting $22.45. The stock had a trading volume of 264,949 shares, compared to its average volume of 332,523. Marten Transport, Ltd has a 52 week low of $12.99 and a 52 week high of $29.60. The company has a market capitalization of $1,273.36, a price-to-earnings ratio of 13.69 and a beta of 1.38.
Marten Transport (NASDAQ:MRTN) last issued its quarterly earnings data on Thursday, January 25th. The transportation company reported $0.16 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.16. Marten Transport had a return on equity of 7.17% and a net margin of 12.93%. The business had revenue of $182.70 million during the quarter, compared to analyst estimates of $177.55 million. During the same period in the prior year, the company posted $0.25 EPS. The business’s revenue for the quarter was up 5.8% compared to the same quarter last year. equities research analysts predict that Marten Transport, Ltd will post 0.84 earnings per share for the current fiscal year.
Several research firms have recently commented on MRTN. BidaskClub raised Marten Transport from a “hold” rating to a “buy” rating in a report on Friday. Zacks Investment Research lowered Marten Transport from a “buy” rating to a “hold” rating in a report on Wednesday, January 31st. Seaport Global Securities raised Marten Transport from a “neutral” rating to a “buy” rating and set a $30.00 target price for the company in a report on Friday, January 26th. Finally, Stephens reaffirmed a “buy” rating and set a $25.00 target price on shares of Marten Transport in a report on Wednesday, January 10th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. Marten Transport presently has an average rating of “Buy” and a consensus target price of $23.50.
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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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