Schwab Charles Investment Management Inc. lessened its holdings in Marten Transport, Ltd (NASDAQ:MRTN) by 0.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 299,956 shares of the transportation company’s stock after selling 2,750 shares during the quarter. Schwab Charles Investment Management Inc. owned approximately 0.55% of Marten Transport worth $6,090,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also modified their holdings of MRTN. Sei Investments Co. raised its holdings in Marten Transport by 109.8% in the 3rd quarter. Sei Investments Co. now owns 6,198 shares of the transportation company’s stock valued at $127,000 after buying an additional 3,244 shares during the last quarter. First Republic Investment Management Inc. bought a new position in Marten Transport during the 3rd quarter worth approximately $229,000. Stevens Capital Management LP bought a new position in Marten Transport during the 3rd quarter worth approximately $231,000. First Allied Advisory Services Inc. bought a new position in Marten Transport during the 3rd quarter worth approximately $237,000. Finally, Teachers Retirement System of The State of Kentucky raised its holdings in Marten Transport by 66.7% during the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 14,166 shares of the transportation company’s stock worth $291,000 after purchasing an additional 5,666 shares during the last quarter. Institutional investors and hedge funds own 67.62% of the company’s stock.
Several research analysts have issued reports on the stock. BidaskClub upgraded shares of Marten Transport from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Zacks Investment Research lowered shares of Marten Transport from a “buy” rating to a “hold” rating in a report on Wednesday, January 31st. Seaport Global Securities upgraded shares of Marten Transport from a “neutral” rating to a “buy” rating and set a $30.00 price target for the company in a report on Friday, January 26th. Finally, Stephens restated a “buy” rating and set a $25.00 price target on shares of Marten Transport in a report on Wednesday, January 10th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $23.50.
Marten Transport, Ltd (MRTN) opened at $22.90 on Tuesday. Marten Transport, Ltd has a fifty-two week low of $12.99 and a fifty-two week high of $29.60. The stock has a market cap of $1,249.56, a P/E ratio of 36.94 and a beta of 1.40.
Marten Transport (NASDAQ:MRTN) last released its quarterly earnings results on Thursday, January 25th. The transportation company reported $0.16 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.16. Marten Transport had a net margin of 12.93% and a return on equity of 7.17%. The firm had revenue of $182.70 million during the quarter, compared to analyst estimates of $177.55 million. During the same quarter last year, the business earned $0.25 EPS. The company’s revenue was up 5.8% compared to the same quarter last year. equities analysts forecast that Marten Transport, Ltd will post 0.91 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 30th. Stockholders of record on Monday, March 19th will be given a dividend of $0.025 per share. This represents a $0.10 annualized dividend and a dividend yield of 0.44%. The ex-dividend date is Friday, March 16th. Marten Transport’s dividend payout ratio (DPR) is 6.10%.
Marten Transport 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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