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.

Shares of Marten Transport, Ltd. (MRTN) opened at $20.55 on Tuesday. The firm has a market capitalization of $1,114.97, a P/E ratio of 33.53 and a beta of 1.34. Marten Transport, Ltd. has a fifty-two week low of $12.81 and a fifty-two week high of $21.15.

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%.

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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.

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

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