First Trust Advisors LP purchased a new position in shares of Marten Transport, Ltd (NASDAQ:MRTN) during the 4th quarter, HoldingsChannel reports. The firm purchased 89,171 shares of the transportation company’s stock, valued at approximately $1,810,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Sei Investments Co. increased its holdings in Marten Transport by 109.8% during the 3rd quarter. Sei Investments Co. now owns 6,198 shares of the transportation company’s stock worth $127,000 after purchasing an additional 3,244 shares during the period. First Republic Investment Management Inc. purchased a new stake in Marten Transport during the 3rd quarter worth about $229,000. Stevens Capital Management LP purchased a new stake in Marten Transport during the 3rd quarter worth about $231,000. First Allied Advisory Services Inc. purchased a new stake in Marten Transport during the 3rd quarter worth about $237,000. Finally, Teacher Retirement System of Texas purchased a new stake in Marten Transport during the 4th quarter worth about $284,000. Institutional investors own 67.58% of the company’s stock.

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In other news, Director Larry B. Hagness sold 12,000 shares of the stock in a transaction dated Friday, February 2nd. The stock was sold at an average price of $23.39, for a total value of $280,680.00. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Thomas J. Winkel sold 6,250 shares of the stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $22.55, for a total value of $140,937.50. The disclosure for this sale can be found here. Corporate insiders own 23.00% of the company’s stock.

Several equities research analysts have weighed in on the company. BidaskClub downgraded Marten Transport from a “buy” rating to a “hold” rating in a report on Saturday, January 6th. ValuEngine upgraded Marten Transport from a “hold” rating to a “buy” rating in a report on Thursday. Stephens restated a “buy” rating and set a $25.00 price target on shares of Marten Transport in a report on Wednesday, January 10th. Zacks Investment Research upgraded Marten Transport from a “hold” rating to a “buy” rating and set a $24.00 price target on the stock in a report on Saturday, January 20th. Finally, Seaport Global Securities upgraded Marten Transport from a “neutral” rating to a “buy” rating and set a $30.00 price target on the stock in a report on Friday, January 26th. One investment analyst has rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. Marten Transport presently has a consensus rating of “Buy” and an average target price of $24.25.

Marten Transport stock opened at $24.60 on Thursday. Marten Transport, Ltd has a 1-year low of $12.99 and a 1-year high of $29.60. The company has a market capitalization of $1,293.21, a PE ratio of 38.23 and a beta of 1.40.

Marten Transport (NASDAQ:MRTN) last released its quarterly earnings data on Thursday, January 25th. The transportation company reported $0.16 EPS for the quarter, meeting analysts’ consensus estimates of $0.16. Marten Transport had a return on equity of 7.17% and a net margin of 12.93%. The business had revenue of $182.70 million for the quarter, compared to the consensus estimate of $177.55 million. During the same quarter in the prior year, the business posted $0.25 EPS. The business’s revenue for the quarter was up 5.8% on a year-over-year basis. analysts expect that Marten Transport, Ltd will post 0.92 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 30th. Stockholders of record on Monday, March 19th will be issued a $0.025 dividend. The ex-dividend date of this dividend is Friday, March 16th. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.41%. Marten Transport’s payout ratio is currently 6.10%.

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Marten Transport Company 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.

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

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