Marten Transport (NASDAQ:MRTN) was downgraded by equities researchers at ValuEngine from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Monday.
Other analysts have also issued reports about the company. BidaskClub lowered Marten Transport from a “strong-buy” rating to a “buy” rating in a report on Wednesday, March 28th. Zacks Investment Research raised Marten Transport from a “hold” rating to a “buy” rating and set a $27.00 target price for the company in a research report on Tuesday, March 20th. Stephens reissued a “buy” rating and issued a $25.00 target price on shares of Marten Transport in a research report on Wednesday, January 10th. Finally, 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 research report on Friday, January 26th. Three investment analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $25.25.
Shares of Marten Transport stock opened at $20.45 on Monday. The firm has a market cap of $1,162.29, a P/E ratio of 32.42 and a beta of 1.37. Marten Transport has a 12 month low of $14.14 and a 12 month high of $29.60.
Marten Transport (NASDAQ:MRTN) last issued its quarterly earnings results on Thursday, April 19th. The transportation company reported $0.19 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.19. The business had revenue of $187.00 million for the quarter, compared to analyst estimates of $188.70 million. Marten Transport had a return on equity of 7.27% and a net margin of 12.98%. Marten Transport’s quarterly revenue was up 8.0% compared to the same quarter last year. During the same period last year, the company posted $0.25 earnings per share. analysts anticipate that Marten Transport will post 0.92 EPS for the current fiscal year.
In other Marten Transport news, Director Larry B. Hagness sold 12,000 shares of the firm’s stock in a transaction on Friday, February 2nd. The stock was 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 Securities & Exchange Commission, which can be accessed through this link. Also, Director Thomas J. Winkel sold 6,250 shares of the firm’s 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 disclosure for this sale can be found here. Company insiders own 22.90% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in the business. MetLife Investment Advisors LLC purchased a new stake in Marten Transport in the fourth quarter worth $393,000. Millennium Management LLC purchased a new position in shares of Marten Transport in the fourth quarter valued at $3,448,000. Two Sigma Investments LP grew its position in shares of Marten Transport by 72.8% in the fourth quarter. Two Sigma Investments LP now owns 166,247 shares of the transportation company’s stock valued at $3,375,000 after purchasing an additional 70,051 shares in the last quarter. Two Sigma Advisers LP grew its position in shares of Marten Transport by 7.3% in the fourth quarter. Two Sigma Advisers LP now owns 207,049 shares of the transportation company’s stock valued at $4,203,000 after purchasing an additional 14,000 shares in the last quarter. Finally, Goldman Sachs Group Inc. grew its position in shares of Marten Transport by 2.0% in the fourth quarter. Goldman Sachs Group Inc. now owns 1,706,715 shares of the transportation company’s stock valued at $34,646,000 after purchasing an additional 33,146 shares in the last quarter. 67.88% of the stock is owned by institutional investors and hedge funds.
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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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