11,148 Shares in Marten Transport, Ltd. (MRTN) Purchased by First Republic Investment Management Inc.
First Republic Investment Management Inc. purchased a new stake in Marten Transport, Ltd. (NASDAQ:MRTN) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 11,148 shares of the transportation company’s stock, valued at approximately $229,000.
Other institutional investors and hedge funds have also made changes to their positions in the company. SG Americas Securities LLC acquired a new position in Marten Transport in the second quarter valued at approximately $116,000. Sei Investments Co. boosted its holdings 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 valued at $127,000 after acquiring an additional 3,244 shares during the period. BNP Paribas Arbitrage SA boosted its holdings in shares of Marten Transport by 60.4% in the second quarter. BNP Paribas Arbitrage SA now owns 8,013 shares of the transportation company’s stock valued at $220,000 after acquiring an additional 3,017 shares during the period. Municipal Employees Retirement System of Michigan boosted its holdings in shares of Marten Transport by 66.4% in the second quarter. Municipal Employees Retirement System of Michigan now owns 8,720 shares of the transportation company’s stock valued at $239,000 after acquiring an additional 3,480 shares during the period. Finally, Victory Capital Management Inc. boosted its holdings in shares of Marten Transport by 12.8% in the second quarter. Victory Capital Management Inc. now owns 10,267 shares of the transportation company’s stock valued at $281,000 after acquiring an additional 1,163 shares during the period. 68.45% of the stock is owned by hedge funds and other institutional investors.
Several equities research analysts have recently weighed in on MRTN shares. Stifel Nicolaus set a $15.00 price objective on Marten Transport and gave the company a “hold” rating in a report on Wednesday, August 23rd. BidaskClub downgraded Marten Transport from a “hold” rating to a “sell” rating in a report on Friday, August 25th. Finally, Zacks Investment Research downgraded Marten Transport from a “buy” rating to a “hold” rating in a report on Wednesday, September 6th.
Marten Transport (NASDAQ:MRTN) last posted its quarterly earnings data on Thursday, October 19th. The transportation company reported $0.14 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.13 by $0.01. The business had revenue of $170.70 million during the quarter, compared to the consensus estimate of $169.67 million. Marten Transport had a return on equity of 7.45% and a net margin of 4.87%. The company’s revenue was up .1% compared to the same quarter last year. During the same period in the prior year, the company earned $0.26 earnings per share. research analysts anticipate that Marten Transport, Ltd. will post 0.62 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 22nd will be issued a $0.025 dividend. This represents a $0.10 annualized dividend and a dividend yield of 0.49%. The ex-dividend date is Thursday, December 21st. Marten Transport’s payout ratio is currently 16.39%.
TRADEMARK VIOLATION WARNING: “11,148 Shares in Marten Transport, Ltd. (MRTN) Purchased by First Republic Investment Management Inc.” was originally posted by Watch List News and is owned by of Watch List News. If you are accessing this article on another publication, it was copied illegally and republished in violation of United States & international trademark & copyright laws. The legal version of this article can be read at https://www.watchlistnews.com/11148-shares-in-marten-transport-ltd-mrtn-purchased-by-first-republic-investment-management-inc/1772252.html.
Marten Transport 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.
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.