Marten Transport (NASDAQ:MRTN) Upgraded by Wall Street Zen to Hold Rating

Marten Transport (NASDAQ:MRTN) was upgraded by Wall Street Zen from a “sell” rating to a “hold” rating in a research note issued on Saturday.

Other equities analysts also recently issued research reports about the stock. Zacks Research downgraded shares of Marten Transport from a “hold” rating to a “strong sell” rating in a report on Tuesday, January 20th. Weiss Ratings reissued a “sell (d)” rating on shares of Marten Transport in a research note on Monday, December 29th. Two analysts have rated the stock with a Sell rating, According to data from MarketBeat, the company currently has a consensus rating of “Sell”.

Marten Transport Trading Down 3.1%

NASDAQ:MRTN opened at $12.30 on Friday. The stock has a 50 day moving average of $11.74 and a 200-day moving average of $11.40. The firm has a market capitalization of $1.00 billion, a PE ratio of 55.91 and a beta of 0.87. Marten Transport has a 52 week low of $9.35 and a 52 week high of $15.72.

Marten Transport (NASDAQ:MRTN) last announced its quarterly earnings results on Tuesday, January 27th. The transportation company reported $0.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.03 by $0.02. The business had revenue of $210.11 million for the quarter, compared to the consensus estimate of $207.22 million. Marten Transport had a return on equity of 2.27% and a net margin of 1.97%.The business’s revenue was down 8.8% on a year-over-year basis. During the same quarter last year, the business posted $0.07 EPS. As a group, analysts predict that Marten Transport will post 0.41 EPS for the current fiscal year.

Hedge Funds Weigh In On Marten Transport

Several large investors have recently bought and sold shares of MRTN. Royal Bank of Canada lifted its stake in shares of Marten Transport by 12.0% in the 1st quarter. Royal Bank of Canada now owns 17,028 shares of the transportation company’s stock worth $234,000 after acquiring an additional 1,826 shares during the period. AQR Capital Management LLC lifted its position in Marten Transport by 18.7% in the first quarter. AQR Capital Management LLC now owns 61,335 shares of the transportation company’s stock worth $842,000 after purchasing an additional 9,654 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Marten Transport by 4.4% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 34,496 shares of the transportation company’s stock valued at $473,000 after purchasing an additional 1,447 shares in the last quarter. Caxton Associates LLP acquired a new position in shares of Marten Transport during the 1st quarter valued at $158,000. Finally, State of Alaska Department of Revenue increased its position in shares of Marten Transport by 7.5% during the 2nd quarter. State of Alaska Department of Revenue now owns 34,440 shares of the transportation company’s stock valued at $446,000 after purchasing an additional 2,391 shares during the period. Institutional investors and hedge funds own 69.12% of the company’s stock.

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.