BidaskClub Lowers Marten Transport (NASDAQ:MRTN) to Sell

Marten Transport (NASDAQ:MRTN) was downgraded by stock analysts at BidaskClub from a “hold” rating to a “sell” rating in a research note issued to investors on Tuesday, BidAskClub reports.

Separately, Zacks Investment Research downgraded Marten Transport from a “buy” rating to a “hold” rating in a research report on Saturday, January 4th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company. Marten Transport has a consensus rating of “Hold” and a consensus price target of $22.00.

MRTN traded up $0.20 during trading on Tuesday, reaching $21.62. The company had a trading volume of 1,034 shares, compared to its average volume of 179,213. The stock has a market cap of $1.18 billion, a P/E ratio of 21.61 and a beta of 1.43. The business has a 50 day simple moving average of $21.27 and a 200-day simple moving average of $20.54. Marten Transport has a 52 week low of $16.42 and a 52 week high of $22.80.

Marten Transport (NASDAQ:MRTN) last issued its quarterly earnings results on Thursday, October 17th. The transportation company reported $0.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.28 by $0.02. The company had revenue of $214.97 million during the quarter, compared to the consensus estimate of $208.10 million. Marten Transport had a return on equity of 10.40% and a net margin of 7.36%. Marten Transport’s revenue was up 7.7% on a year-over-year basis. During the same period last year, the company earned $0.28 earnings per share. On average, equities research analysts expect that Marten Transport will post 1.11 earnings per share for the current fiscal year.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Dalton Greiner Hartman Maher & Co. lifted its position in Marten Transport by 5.0% in the fourth quarter. Dalton Greiner Hartman Maher & Co. now owns 247,143 shares of the transportation company’s stock worth $5,311,000 after buying an additional 11,872 shares during the last quarter. Millennium Management LLC increased its stake in Marten Transport by 4.6% in the 3rd quarter. Millennium Management LLC now owns 478,725 shares of the transportation company’s stock worth $9,947,000 after buying an additional 20,863 shares during the period. Squarepoint Ops LLC increased its stake in Marten Transport by 0.7% in the 3rd quarter. Squarepoint Ops LLC now owns 75,137 shares of the transportation company’s stock worth $1,561,000 after buying an additional 498 shares during the period. Empirical Capital Management LLC purchased a new position in Marten Transport in the 3rd quarter worth about $8,329,000. Finally, California State Teachers Retirement System lifted its holdings in Marten Transport by 1.3% during the 3rd quarter. California State Teachers Retirement System now owns 61,140 shares of the transportation company’s stock valued at $1,270,000 after buying an additional 814 shares in the last quarter. Institutional investors own 70.25% of the company’s stock.

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.

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