Marten Transport (NASDAQ:MRTN) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report issued on Saturday, January 20th. The firm presently has a $24.00 price target on the transportation company’s stock. Zacks Investment Research‘s price objective would indicate a potential upside of 7.62% from the company’s current price.
According to Zacks, “Marten Transport, Ltd. is a long-haul truckload carrier providing protective service and time- sensitive transportation in the United States. The company specializes in transporting and distributing food and other consumer packaged goods that require a temperature-controlled or insulated environment. Marten operates through these featured services – Truckload, Dedicated, Intermodal and Brokerage. Marten Transport offers service in the United States, Canada and Mexico, concentrating on expedited movements for high-volume customers. Marten’s common stock is traded on the Nasdaq Global Select Market under the symbol MRTN and is headquartered in Mondovi, Wisconsin. “
Other equities research analysts have also recently issued reports about the company. BidaskClub upgraded Marten Transport from a “hold” rating to a “buy” rating in a research note on Tuesday, January 16th. Stephens reiterated a “buy” rating and issued a $25.00 price target on shares of Marten Transport in a research note on Wednesday, January 10th. 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. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $23.50.
Shares of Marten Transport (NASDAQ:MRTN) traded up $0.55 during trading on Friday, reaching $22.30. The company’s stock had a trading volume of 342,895 shares, compared to its average volume of 342,645. Marten Transport has a 12 month low of $12.99 and a 12 month high of $29.60. The company has a market cap of $1,164.29, a P/E ratio of 13.26 and a beta of 1.38.
Marten Transport (NASDAQ:MRTN) last posted its quarterly earnings results on Thursday, January 25th. The transportation company reported $0.16 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.16. The business had revenue of $182.70 million for the quarter, compared to the consensus estimate of $177.55 million. Marten Transport had a return on equity of 7.17% and a net margin of 12.93%. The business’s revenue was up 5.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.25 EPS. equities analysts forecast that Marten Transport will post 0.84 EPS for the current fiscal year.
In related news, Director Larry B. Hagness sold 12,000 shares of the firm’s stock in a transaction dated Friday, February 2nd. The stock was sold at an average price of $23.39, for a total transaction of $280,680.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 23.00% of the stock is owned by company insiders.
A number of institutional investors and hedge funds have recently modified their holdings of the business. Suntrust Banks Inc. boosted its stake in shares of Marten Transport by 0.9% in the second quarter. Suntrust Banks Inc. now owns 13,597 shares of the transportation company’s stock worth $371,000 after acquiring an additional 123 shares during the last quarter. Green Square Capital LLC boosted its stake in shares of Marten Transport by 2.9% in the second quarter. Green Square Capital LLC now owns 15,216 shares of the transportation company’s stock worth $417,000 after acquiring an additional 425 shares during the last quarter. Thrivent Financial For Lutherans boosted its stake in shares of Marten Transport by 6.2% in the second quarter. Thrivent Financial For Lutherans now owns 13,970 shares of the transportation company’s stock worth $383,000 after acquiring an additional 810 shares during the last quarter. Teachers Advisors LLC boosted its stake in shares of Marten Transport by 2.4% in the second quarter. Teachers Advisors LLC now owns 41,588 shares of the transportation company’s stock worth $1,140,000 after acquiring an additional 981 shares during the last quarter. Finally, The Manufacturers Life Insurance Company boosted its stake in shares of Marten Transport by 6.2% in the second quarter. The Manufacturers Life Insurance Company now owns 19,559 shares of the transportation company’s stock worth $322,000 after acquiring an additional 1,147 shares during the last quarter. 68.60% of the stock is currently owned by institutional investors.
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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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