Marten Transport, Ltd. (MRTN) Shares Bought by New York State Common Retirement Fund

New York State Common Retirement Fund lifted its stake in Marten Transport, Ltd. (NASDAQ:MRTN) by 66.7% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 130,566 shares of the transportation company’s stock after acquiring an additional 52,226 shares during the quarter. New York State Common Retirement Fund owned approximately 0.24% of Marten Transport worth $2,683,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in MRTN. Vanguard Group Inc. grew its position in shares of Marten Transport by 2.3% in the second quarter. Vanguard Group Inc. now owns 1,261,440 shares of the transportation company’s stock valued at $34,563,000 after purchasing an additional 28,574 shares during the last quarter. Bank of New York Mellon Corp grew its position in shares of Marten Transport by 7.4% in the second quarter. Bank of New York Mellon Corp now owns 1,232,898 shares of the transportation company’s stock valued at $33,782,000 after purchasing an additional 84,766 shares during the last quarter. Goldman Sachs Group Inc. grew its position in shares of Marten Transport by 46.1% in the second quarter. Goldman Sachs Group Inc. now owns 980,124 shares of the transportation company’s stock valued at $26,856,000 after purchasing an additional 309,413 shares during the last quarter. Northern Trust Corp grew its position in shares of Marten Transport by 28.2% in the second quarter. Northern Trust Corp now owns 635,987 shares of the transportation company’s stock valued at $17,425,000 after purchasing an additional 139,743 shares during the last quarter. Finally, State Street Corp grew its position in shares of Marten Transport by 1.4% in the second quarter. State Street Corp now owns 627,806 shares of the transportation company’s stock valued at $17,201,000 after purchasing an additional 8,954 shares during the last quarter. 68.40% of the stock is currently owned by hedge funds and other institutional investors.

Several equities analysts have recently commented on the company. Stephens reiterated a “buy” rating and issued a $25.00 price target on shares of Marten Transport in a research note on Wednesday. BidaskClub cut Marten Transport from a “buy” rating to a “hold” rating in a research note on Saturday, January 6th. Zacks Investment Research upgraded Marten Transport from a “hold” rating to a “buy” rating and set a $23.00 price target for the company in a research note on Tuesday, October 3rd. Finally, Stifel Nicolaus reiterated a “hold” rating and issued a $15.00 price target on shares of Marten Transport in a research note on Sunday, October 1st. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $21.00.

Shares of Marten Transport, Ltd. (MRTN) opened at $22.05 on Friday. Marten Transport, Ltd. has a 12 month low of $12.81 and a 12 month high of $22.35. The firm has a market capitalization of $1,200.00, a price-to-earnings ratio of 36.15 and a beta of 1.34.

Marten Transport (NASDAQ:MRTN) last released its earnings results on Thursday, October 19th. The transportation company reported $0.14 earnings per share for the quarter, topping the consensus estimate of $0.13 by $0.01. Marten Transport had a return on equity of 7.45% and a net margin of 4.87%. The firm had revenue of $170.70 million during the quarter, compared to analysts’ expectations of $169.67 million. During the same period in the prior year, the company earned $0.26 earnings per share. The company’s quarterly revenue was up .1% on a year-over-year basis. equities analysts forecast that Marten Transport, Ltd. will post 0.62 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, December 29th. Stockholders of record on Friday, December 22nd were issued a dividend of $0.025 per share. The ex-dividend date was Thursday, December 21st. This represents a $0.10 annualized dividend and a dividend yield of 0.45%. Marten Transport’s dividend payout ratio (DPR) is presently 16.39%.

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Marten Transport Company 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.

Institutional Ownership by Quarter for Marten Transport (NASDAQ:MRTN)

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