Marten Transport (NASDAQ:MRTN) Share Price Crosses Above Two Hundred Day Moving Average – What’s Next?

Marten Transport, Ltd. (NASDAQ:MRTN) shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $13.58 and traded as high as $18.25. Marten Transport shares last traded at $17.77, with a volume of 645,967 shares traded.

Analysts Set New Price Targets

A number of research firms have commented on MRTN. Zacks Research raised shares of Marten Transport from a “strong sell” rating to a “hold” rating in a research report on Friday, March 13th. Stephens cut shares of Marten Transport from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 6th. Robert W. Baird raised shares of Marten Transport to a “strong-buy” rating in a research report on Wednesday, April 1st. Finally, Weiss Ratings raised shares of Marten Transport from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, April 2nd. One research analyst has rated the stock with a Strong Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy”.

Marten Transport Price Performance

The company’s 50-day moving average is $15.77 and its two-hundred day moving average is $13.58. The firm has a market cap of $1.45 billion, a P/E ratio of 93.53 and a beta of 0.93.

Marten Transport (NASDAQ:MRTN) last posted its quarterly earnings data on Thursday, April 23rd. The transportation company reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.03 by ($0.01). Marten Transport had a return on equity of 1.89% and a net margin of 1.68%.The firm had revenue of $203.53 million for the quarter, compared to the consensus estimate of $207.20 million. During the same period in the prior year, the company earned $0.05 EPS. The company’s revenue for the quarter was down 8.8% compared to the same quarter last year. On average, analysts expect that Marten Transport, Ltd. will post 0.22 EPS for the current fiscal year.

Marten Transport Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 16th will be paid a $0.06 dividend. The ex-dividend date of this dividend is Tuesday, June 16th. This represents a $0.24 annualized dividend and a dividend yield of 1.4%. Marten Transport’s dividend payout ratio is currently 126.32%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Global Retirement Partners LLC increased its stake in shares of Marten Transport by 2,083.8% in the fourth quarter. Global Retirement Partners LLC now owns 2,555 shares of the transportation company’s stock valued at $29,000 after buying an additional 2,438 shares during the period. Nisa Investment Advisors LLC increased its stake in shares of Marten Transport by 660.8% in the fourth quarter. Nisa Investment Advisors LLC now owns 2,929 shares of the transportation company’s stock valued at $33,000 after buying an additional 2,544 shares during the period. CIBC Private Wealth Group LLC acquired a new stake in Marten Transport during the 3rd quarter valued at approximately $40,000. Farther Finance Advisors LLC increased its position in Marten Transport by 3,553.8% during the 4th quarter. Farther Finance Advisors LLC now owns 3,873 shares of the transportation company’s stock valued at $44,000 after purchasing an additional 3,767 shares during the period. Finally, State of Wyoming acquired a new stake in Marten Transport during the 1st quarter valued at approximately $68,000. 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.