Marten Transport (NASDAQ:MRTN)‘s stock had its “hold” rating reiterated by equities research analysts at Stifel Nicolaus in a research note issued to investors on Thursday. They presently have a $20.00 target price on the transportation company’s stock. Stifel Nicolaus’ target price would indicate a potential downside of 9.71% from the company’s previous close.
Several other research analysts have also issued reports on the company. BidaskClub lowered Marten Transport from a “buy” rating to a “hold” rating in a research report on Wednesday, February 21st. ValuEngine upgraded Marten Transport from a “hold” rating to a “buy” rating in a report on Thursday, March 22nd. Zacks Investment Research lowered Marten Transport from a “buy” rating to a “hold” rating in a report on Wednesday, January 31st. Seaport Global Securities upgraded Marten Transport from a “neutral” rating to a “buy” rating and set a $30.00 price target for the company in a report on Friday, January 26th. Finally, Stephens reiterated a “buy” rating and issued a $25.00 price target on shares of Marten Transport in a report on Wednesday, January 10th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Marten Transport currently has a consensus rating of “Buy” and an average target price of $25.00.
Shares of NASDAQ:MRTN opened at $22.15 on Thursday. Marten Transport has a 1 year low of $12.99 and a 1 year high of $29.60. The company has a market cap of $1,263.24, a price-to-earnings ratio of 36.16 and a beta of 1.37.
Marten Transport (NASDAQ:MRTN) last announced its earnings results on Thursday, January 25th. The transportation company reported $0.16 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate 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 quarter in the previous year, the business earned $0.25 earnings per share. The company’s revenue for the quarter was up 5.8% compared to the same quarter last year. equities research analysts forecast that Marten Transport will post 0.92 EPS for the current fiscal year.
In related news, Director Larry B. Hagness sold 12,000 shares of the business’s stock in a transaction that occurred on Friday, February 2nd. The stock was sold at an average price of $23.39, for a total value of $280,680.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Thomas J. Winkel sold 6,250 shares of the business’s stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $22.55, for a total value of $140,937.50. The disclosure for this sale can be found here. 23.00% of the stock is currently owned by insiders.
Several hedge funds and other institutional investors have recently made changes to their positions in MRTN. Dimensional Fund Advisors LP boosted its holdings in shares of Marten Transport by 64.8% in the third quarter. Dimensional Fund Advisors LP now owns 4,613,274 shares of the transportation company’s stock valued at $94,798,000 after purchasing an additional 1,814,763 shares during the period. SG Capital Management LLC bought a new position in Marten Transport in the fourth quarter worth approximately $12,808,000. BlackRock Inc. raised its stake in Marten Transport by 10.5% in the fourth quarter. BlackRock Inc. now owns 5,262,557 shares of the transportation company’s stock worth $106,829,000 after buying an additional 499,269 shares in the last quarter. Bank of New York Mellon Corp raised its stake in Marten Transport by 38.7% in the third quarter. Bank of New York Mellon Corp now owns 1,709,997 shares of the transportation company’s stock worth $35,140,000 after buying an additional 477,099 shares in the last quarter. Finally, Janus Henderson Group PLC raised its stake in Marten Transport by 27.5% in the third quarter. Janus Henderson Group PLC now owns 864,827 shares of the transportation company’s stock worth $17,772,000 after buying an additional 186,501 shares in the last quarter. Hedge funds and other institutional investors own 67.58% of the company’s stock.
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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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