Arizona State Retirement System lifted its position in Marten Transport, Ltd. (NASDAQ:MRTN) by 223.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 65,012 shares of the transportation company’s stock after acquiring an additional 44,917 shares during the period. Arizona State Retirement System owned 0.12% of Marten Transport worth $1,320,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other large investors have also recently modified their holdings of MRTN. Sei Investments Co. boosted its stake in shares of Marten Transport by 109.8% in the third quarter. Sei Investments Co. now owns 6,198 shares of the transportation company’s stock worth $127,000 after acquiring an additional 3,244 shares during the last quarter. First Republic Investment Management Inc. acquired a new stake in shares of Marten Transport in the third quarter worth approximately $229,000. Stevens Capital Management LP acquired a new stake in shares of Marten Transport in the third quarter worth approximately $231,000. First Allied Advisory Services Inc. acquired a new stake in shares of Marten Transport in the third quarter worth approximately $237,000. Finally, Teacher Retirement System of Texas acquired a new stake in shares of Marten Transport in the fourth quarter worth approximately $284,000. 67.58% of the stock is currently owned by hedge funds and other institutional investors.
In other Marten Transport news, Director Thomas J. Winkel sold 6,250 shares of Marten Transport stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $22.55, for a total value of $140,937.50. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Larry B. Hagness sold 12,000 shares of Marten Transport stock in a transaction on Friday, February 2nd. The shares were sold at an average price of $23.39, for a total value of $280,680.00. The disclosure for this sale can be found here. 23.00% of the stock is owned by insiders.
Marten Transport stock traded down $0.75 during trading on Friday, reaching $22.15. 415,336 shares of the company were exchanged, compared to its average volume of 307,196. Marten Transport, Ltd. has a 52-week low of $12.99 and a 52-week high of $29.60. The company has a market cap of $1,208.66, a price-to-earnings ratio of 35.73 and a beta of 1.37.
Marten Transport (NASDAQ:MRTN) last announced its quarterly earnings data on Thursday, January 25th. The transportation company reported $0.16 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.16. Marten Transport had a return on equity of 7.17% and a net margin of 12.93%. The firm had revenue of $182.70 million for the quarter, compared to the consensus estimate of $177.55 million. During the same quarter last year, the business posted $0.25 earnings per share. The firm’s revenue was up 5.8% compared to the same quarter last year. equities analysts predict that Marten Transport, Ltd. will post 0.92 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, March 30th. Shareholders of record on Monday, March 19th were given a $0.025 dividend. The ex-dividend date was Friday, March 16th. This represents a $0.10 dividend on an annualized basis and a yield of 0.45%. Marten Transport’s dividend payout ratio is currently 16.13%.
A number of analysts have recently issued reports on MRTN shares. BidaskClub lowered Marten Transport from a “buy” rating to a “hold” rating in a research note on Saturday, January 6th. Stephens reiterated a “buy” rating and set a $25.00 price objective on shares of Marten Transport in a research report on Wednesday, January 10th. Zacks Investment Research upgraded Marten Transport from a “hold” rating to a “buy” rating and set a $24.00 price objective on the stock in a research report on Saturday, January 20th. Finally, Seaport Global Securities upgraded Marten Transport from a “neutral” rating to a “buy” rating and set a $30.00 price objective on the stock in a research report on Friday, January 26th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $25.25.
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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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