Laurion Capital Management LP Acquires New Holdings in Marten Transport, Ltd (MRTN)
Laurion Capital Management LP acquired a new position in Marten Transport, Ltd (NASDAQ:MRTN) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 20,765 shares of the transportation company’s stock, valued at approximately $370,000.
Several other hedge funds also recently modified their holdings of the company. BlackRock Inc. lifted its holdings in shares of Marten Transport by 4.9% in the 4th quarter. BlackRock Inc. now owns 6,143,577 shares of the transportation company’s stock worth $99,464,000 after acquiring an additional 288,817 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Marten Transport by 0.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 4,563,975 shares of the transportation company’s stock worth $73,891,000 after acquiring an additional 42,170 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of Marten Transport by 2.4% in the 3rd quarter. Vanguard Group Inc. now owns 2,272,199 shares of the transportation company’s stock worth $47,830,000 after acquiring an additional 53,344 shares during the last quarter. Victory Capital Management Inc. lifted its holdings in shares of Marten Transport by 6.3% in the 1st quarter. Victory Capital Management Inc. now owns 2,220,024 shares of the transportation company’s stock worth $39,583,000 after acquiring an additional 130,855 shares during the last quarter. Finally, Janus Henderson Group PLC lifted its holdings in shares of Marten Transport by 0.4% in the 1st quarter. Janus Henderson Group PLC now owns 1,379,247 shares of the transportation company’s stock worth $24,592,000 after acquiring an additional 4,832 shares during the last quarter. Hedge funds and other institutional investors own 69.29% of the company’s stock.
In other Marten Transport news, Director Thomas J. Winkel sold 6,250 shares of the stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $20.41, for a total transaction of $127,562.50. Following the sale, the director now directly owns 28,241 shares in the company, valued at approximately $576,398.81. The transaction was disclosed in a document filed with the SEC, which is available through this link. 23.00% of the stock is owned by corporate insiders.
Marten Transport (NASDAQ:MRTN) last released its earnings results on Tuesday, April 16th. The transportation company reported $0.25 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.24 by $0.01. The company had revenue of $199.00 million for the quarter, compared to analyst estimates of $196.60 million. Marten Transport had a net margin of 7.28% and a return on equity of 10.23%. The firm’s quarterly revenue was up 6.4% on a year-over-year basis. During the same period in the prior year, the business earned $0.19 EPS. Equities analysts predict that Marten Transport, Ltd will post 1.12 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be issued a dividend of $0.03 per share. The ex-dividend date is Thursday, June 13th. This represents a $0.12 dividend on an annualized basis and a yield of 0.63%. Marten Transport’s dividend payout ratio (DPR) is presently 12.00%.
Several equities analysts have recently commented on the stock. Zacks Investment Research upgraded shares of Marten Transport from a “sell” rating to a “hold” rating in a report on Thursday, April 18th. Stifel Nicolaus set a $18.00 price objective on shares of Marten Transport and gave the stock a “hold” rating in a report on Wednesday, April 17th. BidaskClub upgraded shares of Marten Transport from a “sell” rating to a “hold” rating in a report on Friday, February 22nd. Finally, ValuEngine lowered shares of Marten Transport from a “buy” rating to a “hold” rating in a report on Wednesday, January 30th. One analyst has rated the stock with a sell rating and four have given a hold rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $19.67.
Marten Transport Profile
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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