Marten Transport (NASDAQ:MRTN) was downgraded by research analysts at BidaskClub from a “buy” rating to a “hold” rating in a note issued to investors on Saturday, January 6th.
A number of other analysts also recently weighed in on MRTN. Zacks Investment Research upgraded shares of Marten Transport from a “hold” rating to a “buy” rating and set a $23.00 target price on the stock in a report on Tuesday, October 3rd. Stifel Nicolaus reiterated a “hold” rating and set a $15.00 price target on shares of Marten Transport in a report on Sunday, October 1st. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Marten Transport presently has an average rating of “Buy” and a consensus target price of $23.50.
Shares of Marten Transport (NASDAQ:MRTN) traded up $0.25 during midday trading on Friday, reaching $23.45. 439,524 shares of the company’s stock were exchanged, compared to its average volume of 328,778. The company has a market cap of $1,262.45, a P/E ratio of 37.34 and a beta of 1.34. Marten Transport has a one year low of $12.99 and a one year high of $29.60.
Marten Transport (NASDAQ:MRTN) last announced its quarterly earnings results on Thursday, January 25th. The transportation company reported $0.16 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.16. Marten Transport had a net margin of 12.93% and a return on equity of 7.17%. The company had revenue of $182.70 million for the quarter, compared to the consensus estimate of $177.55 million. During the same period in the previous year, the firm posted $0.25 EPS. Marten Transport’s revenue for the quarter was up 5.8% compared to the same quarter last year. analysts forecast that Marten Transport will post 0.84 EPS for the current year.
A number of institutional investors have recently added to or reduced their stakes in the business. Suntrust Banks Inc. boosted its position in Marten Transport by 0.9% in the 2nd quarter. Suntrust Banks Inc. now owns 13,597 shares of the transportation company’s stock valued at $371,000 after buying an additional 123 shares during the period. Green Square Capital LLC boosted its position in Marten Transport by 2.9% in the 2nd quarter. Green Square Capital LLC now owns 15,216 shares of the transportation company’s stock valued at $417,000 after buying an additional 425 shares during the period. Thrivent Financial For Lutherans boosted its position in Marten Transport by 6.2% in the 2nd quarter. Thrivent Financial For Lutherans now owns 13,970 shares of the transportation company’s stock valued at $383,000 after buying an additional 810 shares during the period. Teachers Advisors LLC boosted its position in Marten Transport by 2.4% in the 2nd quarter. Teachers Advisors LLC now owns 41,588 shares of the transportation company’s stock valued at $1,140,000 after buying an additional 981 shares during the period. Finally, The Manufacturers Life Insurance Company lifted its position in shares of Marten Transport by 6.2% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 19,559 shares of the transportation company’s stock worth $322,000 after purchasing an additional 1,147 shares during the period. 68.56% of the stock is owned by 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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