Teacher Retirement System of Texas Sells 4,964 Shares of Marten Transport, Ltd (MRTN)

Teacher Retirement System of Texas decreased its holdings in shares of Marten Transport, Ltd (NASDAQ:MRTN) by 35.5% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 9,034 shares of the transportation company’s stock after selling 4,964 shares during the quarter. Teacher Retirement System of Texas’ holdings in Marten Transport were worth $206,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the stock. BlackRock Inc. raised its stake in Marten Transport by 10.5% during the fourth quarter. BlackRock Inc. now owns 5,262,557 shares of the transportation company’s stock valued at $106,829,000 after purchasing an additional 499,269 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in Marten Transport by 2.0% during 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. Clearbridge LLC raised its stake in Marten Transport by 10.4% during the fourth quarter. Clearbridge LLC now owns 845,774 shares of the transportation company’s stock valued at $17,169,000 after purchasing an additional 79,360 shares in the last quarter. Next Century Growth Investors LLC raised its stake in Marten Transport by 19.3% during the fourth quarter. Next Century Growth Investors LLC now owns 588,749 shares of the transportation company’s stock valued at $11,951,000 after purchasing an additional 95,125 shares in the last quarter. Finally, 12th Street Asset Management Company LLC raised its stake in Marten Transport by 2.7% during the fourth quarter. 12th Street Asset Management Company LLC now owns 554,077 shares of the transportation company’s stock valued at $11,248,000 after purchasing an additional 14,519 shares in the last quarter. 68.10% of the stock is currently owned by institutional investors.

In other news, VP James J. Hinnendael bought 7,500 shares of Marten Transport stock in a transaction dated Wednesday, April 25th. The shares were acquired at an average price of $19.98 per share, with a total value of $149,850.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 22.90% of the company’s stock.

MRTN has been the topic of a number of recent research reports. BidaskClub raised shares of Marten Transport from a “hold” rating to a “buy” rating in a research note on Wednesday, March 14th. Zacks Investment Research raised shares of Marten Transport from a “hold” rating to a “buy” rating and set a $27.00 price target on the stock in a research note on Tuesday, March 20th. ValuEngine raised shares of Marten Transport from a “hold” rating to a “buy” rating in a research note on Thursday, March 22nd. Stifel Nicolaus reaffirmed a “hold” rating and set a $20.00 price target on shares of Marten Transport in a research note on Thursday, April 5th. Finally, Stephens downgraded shares of Marten Transport from an “overweight” rating to an “equal weight” rating in a research note on Friday, April 20th. Three research analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $25.25.

Shares of MRTN opened at $23.50 on Wednesday. Marten Transport, Ltd has a twelve month low of $15.60 and a twelve month high of $29.60. The firm has a market capitalization of $1.27 billion, a PE ratio of 35.15 and a beta of 1.40.

Marten Transport (NASDAQ:MRTN) last announced its earnings results on Thursday, April 19th. The transportation company reported $0.19 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.19. Marten Transport had a net margin of 12.98% and a return on equity of 7.27%. The business had revenue of $187.00 million for the quarter, compared to the consensus estimate of $188.70 million. During the same quarter in the prior year, the firm posted $0.25 earnings per share. The business’s revenue for the quarter was up 8.0% on a year-over-year basis. sell-side analysts expect that Marten Transport, Ltd will post 0.92 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, June 29th. Stockholders of record on Friday, June 15th will be paid a $0.025 dividend. This represents a $0.10 annualized dividend and a dividend yield of 0.43%. The ex-dividend date of this dividend is Thursday, June 14th. Marten Transport’s dividend payout ratio is currently 16.13%.

About Marten Transport

Marten Transport, Ltd. operates as a temperature-sensitive truckload carrier for shippers in the United States, Canada, and Mexico. It operates through four segments: Truckload, Dedicated, Intermodal, and Brokerage. The Truckload segment transports food and other consumer packaged goods that require a temperature-controlled or insulated environment.

Want to see what other hedge funds are holding MRTN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Marten Transport, Ltd (NASDAQ:MRTN).

Institutional Ownership by Quarter for Marten Transport (NASDAQ:MRTN)

Receive News & Ratings for Marten Transport Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Marten Transport and related companies with MarketBeat.com's FREE daily email newsletter.


Leave a Reply