Sei Investments Co. grew its position in shares of Marten Transport, Ltd. (NASDAQ:MRTN) by 109.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,198 shares of the transportation company’s stock after buying an additional 3,244 shares during the quarter. Sei Investments Co.’s holdings in Marten Transport were worth $127,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently modified their holdings of the business. Suntrust Banks Inc. grew its stake in Marten Transport by 0.9% during the second quarter. Suntrust Banks Inc. now owns 13,597 shares of the transportation company’s stock worth $371,000 after buying an additional 123 shares during the last quarter. Texas Permanent School Fund grew its stake in shares of Marten Transport by 1.0% during the second quarter. Texas Permanent School Fund now owns 16,945 shares of the transportation company’s stock valued at $464,000 after purchasing an additional 168 shares during the last quarter. Green Square Capital LLC grew its stake in shares of Marten Transport by 2.9% during the second quarter. Green Square Capital LLC now owns 15,216 shares of the transportation company’s stock valued at $417,000 after purchasing an additional 425 shares during the last quarter. Thrivent Financial For Lutherans grew its stake in shares of Marten Transport by 6.2% during the second quarter. Thrivent Financial For Lutherans now owns 13,970 shares of the transportation company’s stock valued at $383,000 after purchasing an additional 810 shares during the last quarter. Finally, Teachers Advisors LLC grew its stake in shares of Marten Transport by 2.4% during the second quarter. Teachers Advisors LLC now owns 41,588 shares of the transportation company’s stock valued at $1,140,000 after purchasing an additional 981 shares during the last quarter. 68.45% of the stock is currently owned by hedge funds and other institutional investors.

Several analysts have recently commented on MRTN shares. Zacks Investment Research raised shares of Marten Transport from a “hold” rating to a “buy” rating and set a $18.00 price target on the stock in a research note on Saturday, August 19th. Stifel Nicolaus set a $15.00 price target on shares of Marten Transport and gave the company a “hold” rating in a research note on Wednesday, August 23rd. Finally, BidaskClub cut shares of Marten Transport from a “hold” rating to a “sell” rating in a research note on Friday, August 25th.

Shares of Marten Transport, Ltd. (MRTN) opened at $20.45 on Friday. Marten Transport, Ltd. has a 52 week low of $12.81 and a 52 week high of $21.15. The company has a market cap of $1,095.89, a P/E ratio of 32.95 and a beta of 1.34.

Marten Transport (NASDAQ:MRTN) last released its quarterly earnings results on Thursday, October 19th. The transportation company reported $0.14 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.13 by $0.01. Marten Transport had a net margin of 4.87% and a return on equity of 7.45%. The business had revenue of $170.70 million for the quarter, compared to analysts’ expectations of $169.67 million. During the same period in the prior year, the firm earned $0.26 earnings per share. Marten Transport’s revenue was up .1% compared to the same quarter last year. equities analysts anticipate that Marten Transport, Ltd. will post 0.62 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 22nd will be paid a dividend of $0.025 per share. The ex-dividend date is Thursday, December 21st. This represents a $0.10 annualized dividend and a dividend yield of 0.49%. Marten Transport’s dividend payout ratio (DPR) 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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