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

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

Marten Transport stock traded up $0.20 during trading hours on Tuesday, hitting $21.62. The stock had a trading volume of 1,034 shares, compared to its average volume of 179,213. The stock has a market capitalization of $1.18 billion, a P/E ratio of 21.61 and a beta of 1.43. Marten Transport has a 12-month low of $16.42 and a 12-month high of $22.80. The stock’s 50-day moving average price is $21.27 and its 200-day moving average price is $20.54.

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

Large investors have recently bought and sold shares of the company. BlackRock Inc. lifted its position in Marten Transport by 2.1% during the second quarter. BlackRock Inc. now owns 6,192,428 shares of the transportation company’s stock valued at $112,393,000 after purchasing an additional 126,004 shares in the last quarter. Victory Capital Management Inc. lifted its position in shares of Marten Transport by 4.4% during the 2nd quarter. Victory Capital Management Inc. now owns 2,318,002 shares of the transportation company’s stock valued at $42,072,000 after buying an additional 97,978 shares in the last quarter. Bank of New York Mellon Corp lifted its position in shares of Marten Transport by 5.0% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,433,302 shares of the transportation company’s stock valued at $26,012,000 after buying an additional 67,814 shares in the last quarter. Northern Trust Corp lifted its position in shares of Marten Transport by 2.6% during the 2nd quarter. Northern Trust Corp now owns 1,062,458 shares of the transportation company’s stock valued at $19,283,000 after buying an additional 26,712 shares in the last quarter. Finally, FMR LLC lifted its position in shares of Marten Transport by 149.8% during the 1st quarter. FMR LLC now owns 917,248 shares of the transportation company’s stock valued at $16,354,000 after buying an additional 550,088 shares in the last quarter. Hedge funds and other 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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