SG Americas Securities LLC Has $890,000 Position in Marten Transport, Ltd. $MRTN

SG Americas Securities LLC boosted its holdings in Marten Transport, Ltd. (NASDAQ:MRTN) by 467.0% in the third quarter, Holdings Channel reports. The institutional investor owned 83,508 shares of the transportation company’s stock after buying an additional 68,780 shares during the period. SG Americas Securities LLC’s holdings in Marten Transport were worth $890,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in MRTN. Creative Planning raised its stake in shares of Marten Transport by 74.9% during the second quarter. Creative Planning now owns 108,788 shares of the transportation company’s stock valued at $1,413,000 after acquiring an additional 46,574 shares during the last quarter. Nuance Investments LLC increased its holdings in Marten Transport by 9.7% in the second quarter. Nuance Investments LLC now owns 5,745,928 shares of the transportation company’s stock valued at $74,640,000 after purchasing an additional 508,486 shares during the period. Dynamic Technology Lab Private Ltd bought a new position in Marten Transport during the 2nd quarter worth $945,000. Allianz Asset Management GmbH acquired a new position in Marten Transport during the 2nd quarter worth about $613,000. Finally, American Century Companies Inc. lifted its holdings in Marten Transport by 6.4% during the 2nd quarter. American Century Companies Inc. now owns 2,087,404 shares of the transportation company’s stock worth $27,115,000 after buying an additional 126,331 shares during the period. 69.12% of the stock is owned by institutional investors.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of Marten Transport in a research note on Monday, December 29th. One analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Marten Transport has a consensus rating of “Hold” and an average price target of $19.00.

Marten Transport Stock Down 2.4%

MRTN stock opened at $12.42 on Tuesday. The firm has a market cap of $1.01 billion, a price-to-earnings ratio of 51.75 and a beta of 0.87. The company’s fifty day simple moving average is $11.21 and its 200 day simple moving average is $11.44. Marten Transport, Ltd. has a 12-month low of $9.35 and a 12-month high of $16.95.

Marten Transport (NASDAQ:MRTN) last posted its quarterly earnings data on Thursday, October 23rd. The transportation company reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.01). The business had revenue of $194.00 million during the quarter, compared to the consensus estimate of $230.38 million. Marten Transport had a return on equity of 2.52% and a net margin of 2.14%.The business’s revenue was down 7.1% on a year-over-year basis. During the same period last year, the business posted $0.05 earnings per share. Research analysts expect that Marten Transport, Ltd. will post 0.41 earnings per share for the current year.

Marten Transport Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, December 29th. Shareholders of record on Monday, December 15th were paid a $0.06 dividend. The ex-dividend date of this dividend was Monday, December 15th. This represents a $0.24 annualized dividend and a yield of 1.9%. Marten Transport’s payout ratio is 100.00%.

Marten Transport Company Profile

Marten Transport, Inc is a North American transportation services provider offering temperature-controlled and dry van truckload services. Founded in 1946 and headquartered in Mondovi, Wisconsin, the company specializes in full truckload, dedicated contract carriage, intermodal and port drayage solutions. Its core focus on refrigerated and produce freight has made it a key partner for food manufacturers, retailers and other shippers requiring strict temperature management.

The company maintains a modern fleet of tractors and trailers equipped with advanced telematics, electronic logging devices and continuous temperature monitoring.