Marten Transport, Ltd (NASDAQ:MRTN) Director Larry B. Hagness sold 12,000 shares of the company’s stock in a transaction that occurred on Friday, February 2nd. The shares were sold at an average price of $23.39, for a total value of $280,680.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
Marten Transport, Ltd (NASDAQ MRTN) traded down $0.90 during trading hours on Monday, hitting $22.45. The stock had a trading volume of 264,949 shares, compared to its average volume of 332,523. Marten Transport, Ltd has a 52 week low of $12.99 and a 52 week high of $29.60. The company has a market capitalization of $1,273.36, a price-to-earnings ratio of 13.69 and a beta of 1.38.
Marten Transport (NASDAQ:MRTN) last issued its quarterly earnings data on Thursday, January 25th. The transportation company reported $0.16 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.16. Marten Transport had a return on equity of 7.17% and a net margin of 12.93%. The business had revenue of $182.70 million during the quarter, compared to analyst estimates of $177.55 million. During the same period in the prior year, the company posted $0.25 EPS. The business’s revenue for the quarter was up 5.8% compared to the same quarter last year. equities research analysts predict that Marten Transport, Ltd will post 0.84 earnings per share for the current fiscal year.
A number of hedge funds have recently modified their holdings of the stock. Aperio Group LLC grew its holdings in Marten Transport by 15.4% in the 4th quarter. Aperio Group LLC now owns 44,752 shares of the transportation company’s stock worth $908,000 after buying an additional 5,972 shares in the last quarter. SG Capital Management LLC bought a new position in Marten Transport in the 4th quarter worth approximately $12,808,000. Assenagon Asset Management S.A. bought a new position in Marten Transport in the 4th quarter worth approximately $2,550,000. Bank of Montreal Can grew its holdings in Marten Transport by 1,609.3% in the 4th quarter. Bank of Montreal Can now owns 67,808 shares of the transportation company’s stock worth $1,377,000 after buying an additional 63,841 shares in the last quarter. Finally, Dalton Greiner Hartman Maher & Co. grew its holdings in Marten Transport by 26.7% in the 4th quarter. Dalton Greiner Hartman Maher & Co. now owns 202,858 shares of the transportation company’s stock worth $4,118,000 after buying an additional 42,748 shares in the last quarter. 69.88% of the stock is owned by institutional investors and hedge funds.
Several research firms have recently commented on MRTN. BidaskClub raised Marten Transport from a “hold” rating to a “buy” rating in a report on Friday. Zacks Investment Research lowered Marten Transport from a “buy” rating to a “hold” rating in a report on Wednesday, January 31st. Seaport Global Securities raised Marten Transport from a “neutral” rating to a “buy” rating and set a $30.00 target price for the company in a report on Friday, January 26th. Finally, Stephens reaffirmed a “buy” rating and set a $25.00 target price on shares of Marten Transport in a 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. Marten Transport 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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