Dalton Greiner Hartman Maher & Co. lifted its stake in shares of Marten Transport, Ltd (NASDAQ:MRTN) by 26.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 202,858 shares of the transportation company’s stock after acquiring an additional 42,748 shares during the period. Dalton Greiner Hartman Maher & Co. owned 0.37% of Marten Transport worth $4,118,000 as of its most recent SEC filing.
Other hedge funds also recently made changes to their positions in the company. SG Americas Securities LLC acquired a new stake in Marten Transport in the second quarter valued at approximately $116,000. Sei Investments Co. grew its position in Marten Transport by 109.8% in the third quarter. Sei Investments Co. now owns 6,198 shares of the transportation company’s stock valued at $127,000 after acquiring an additional 3,244 shares in the last quarter. BNP Paribas Arbitrage SA grew its position in Marten Transport by 60.4% in the second quarter. BNP Paribas Arbitrage SA now owns 8,013 shares of the transportation company’s stock valued at $220,000 after acquiring an additional 3,017 shares in the last quarter. First Republic Investment Management Inc. acquired a new stake in Marten Transport in the third quarter valued at approximately $229,000. Finally, Stevens Capital Management LP acquired a new stake in Marten Transport in the third quarter valued at approximately $231,000. Institutional investors and hedge funds own 68.56% of the company’s stock.
Marten Transport, Ltd (NASDAQ MRTN) traded down $0.10 during mid-day trading on Friday, reaching $23.35. The company’s stock had a trading volume of 303,301 shares, compared to its average volume of 326,886. The company has a market capitalization of $1,278.81, a PE ratio of 14.24 and a beta of 1.38. Marten Transport, Ltd has a 12 month low of $12.99 and a 12 month high of $29.60.
Marten Transport (NASDAQ:MRTN) last posted its 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. The company had revenue of $182.70 million for the quarter, compared to analysts’ expectations of $177.55 million. Marten Transport had a return on equity of 7.17% and a net margin of 12.93%. The firm’s quarterly revenue was up 5.8% compared to the same quarter last year. During the same period last year, the business posted $0.25 earnings per share. equities analysts forecast that Marten Transport, Ltd will post 0.84 EPS for the current fiscal year.
Several brokerages have issued reports on MRTN. Zacks Investment Research downgraded shares of Marten Transport from a “buy” rating to a “hold” rating in a research report on Wednesday. BidaskClub raised shares of Marten Transport from a “hold” rating to a “buy” rating in a research report on Friday. Seaport Global Securities raised shares of Marten Transport from a “neutral” rating to a “buy” rating and set a $30.00 price target for the company in a research report on Friday, January 26th. Finally, Stephens reissued a “buy” rating and set a $25.00 price target on shares of Marten Transport in a research report on Wednesday, January 10th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $23.50.
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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.
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