Geneva Capital Management LLC Reduces Position in Marten Transport, Ltd. (NASDAQ:MRTN)

Geneva Capital Management LLC decreased its holdings in Marten Transport, Ltd. (NASDAQ:MRTN) by 0.6% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 3,315,946 shares of the transportation company’s stock after selling 21,122 shares during the quarter. Marten Transport makes up 1.3% of Geneva Capital Management LLC’s portfolio, making the stock its 28th biggest position. Geneva Capital Management LLC owned 4.08% of Marten Transport worth $69,569,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. TimesSquare Capital Management LLC lifted its position in shares of Marten Transport by 9.4% during the fourth quarter. TimesSquare Capital Management LLC now owns 1,135,410 shares of the transportation company’s stock worth $23,821,000 after purchasing an additional 97,260 shares during the last quarter. American Century Companies Inc. grew its position in shares of Marten Transport by 11.4% in the 3rd quarter. American Century Companies Inc. now owns 893,616 shares of the transportation company’s stock worth $17,613,000 after acquiring an additional 91,508 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Marten Transport by 3.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 780,794 shares of the transportation company’s stock valued at $16,381,000 after acquiring an additional 27,507 shares in the last quarter. Wellington Management Group LLP bought a new position in Marten Transport during the third quarter worth $12,907,000. Finally, Invesco Ltd. boosted its holdings in Marten Transport by 26.0% in the third quarter. Invesco Ltd. now owns 452,561 shares of the transportation company’s stock worth $8,920,000 after purchasing an additional 93,417 shares during the period. Hedge funds and other institutional investors own 69.12% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on MRTN. Vertical Research raised shares of Marten Transport from a “hold” rating to a “buy” rating and set a $25.00 price objective for the company in a research report on Wednesday, January 10th. Stephens reduced their price objective on Marten Transport from $23.00 to $21.00 and set an “overweight” rating for the company in a research report on Friday, April 19th.

Marten Transport Stock Up 0.7 %

NASDAQ MRTN traded up $0.12 on Thursday, hitting $17.74. The stock had a trading volume of 246,158 shares, compared to its average volume of 462,013. Marten Transport, Ltd. has a one year low of $15.33 and a one year high of $23.38. The company’s 50-day moving average is $17.78 and its two-hundred day moving average is $18.77. The stock has a market cap of $1.44 billion, a price-to-earnings ratio of 24.93 and a beta of 0.79.

Marten Transport (NASDAQ:MRTN) last posted its quarterly earnings data on Thursday, April 18th. The transportation company reported $0.12 EPS for the quarter, meeting analysts’ consensus estimates of $0.12. Marten Transport had a net margin of 5.31% and a return on equity of 7.65%. The business had revenue of $249.67 million for the quarter, compared to analyst estimates of $262.77 million. During the same quarter last year, the business earned $0.28 earnings per share. The business’s revenue for the quarter was down 16.2% on a year-over-year basis.

Marten Transport Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be paid a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 1.35%. The ex-dividend date is Friday, June 14th. Marten Transport’s dividend payout ratio is presently 33.80%.

Marten Transport Company Profile

Marten Transport, Ltd. operates as a temperature-sensitive truckload carrier for shippers in the United State, Mexico, and Canada. The company 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, as well as dry freight; and regional short-haul and medium-to-long-haul full-load transportation services.