Marten Transport (NASDAQ:MRTN) was upgraded by equities research analysts at BidaskClub from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Wednesday.
Other equities analysts have also recently issued reports about the company. Stephens reissued a “buy” rating and set a $25.00 target price on shares of Marten Transport in a research note on Wednesday, January 10th. Seaport Global Securities raised Marten Transport from a “neutral” rating to a “buy” rating and set a $30.00 target price on the stock in a research note on Friday, January 26th. Finally, Zacks Investment Research cut Marten Transport from a “buy” rating to a “hold” rating in a research note on Wednesday, January 31st. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $23.50.
Shares of Marten Transport (NASDAQ:MRTN) traded up $0.20 during mid-day trading on Wednesday, reaching $23.10. The company’s stock had a trading volume of 525,334 shares, compared to its average volume of 322,469. Marten Transport has a 12-month low of $12.99 and a 12-month high of $29.60. The company has a market capitalization of $1,249.56, a P/E ratio of 14.02 and a beta of 1.40.
In other news, Director Thomas J. Winkel sold 6,250 shares of the business’s stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $22.55, for a total transaction of $140,937.50. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Larry B. Hagness sold 12,000 shares of the business’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 disclosure for this sale can be found here. 23.00% of the stock is currently owned by insiders.
Several institutional investors and hedge funds have recently bought and sold shares of the company. Sei Investments Co. grew its stake in Marten Transport by 109.8% in the third quarter. Sei Investments Co. now owns 6,198 shares of the transportation company’s stock worth $127,000 after purchasing an additional 3,244 shares during the period. Bogle Investment Management L P DE purchased a new stake in Marten Transport in the fourth quarter worth $220,000. First Republic Investment Management Inc. purchased a new stake in Marten Transport in the third quarter worth $229,000. Stevens Capital Management LP purchased a new stake in Marten Transport in the third quarter worth $231,000. Finally, First Allied Advisory Services Inc. purchased a new stake in Marten Transport in the third quarter worth $237,000. 67.62% of the stock is currently owned by hedge funds and other institutional investors.
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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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