Victory Capital Management Inc. increased its holdings in shares of Marten Transport, Ltd. (NASDAQ:MRTN) by 62.1% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 16,642 shares of the transportation company’s stock after purchasing an additional 6,375 shares during the quarter. Victory Capital Management Inc.’s holdings in Marten Transport were worth $342,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of MRTN. SG Americas Securities LLC acquired a new stake in Marten Transport during the 2nd quarter worth approximately $116,000. State of Alaska Department of Revenue increased its position in Marten Transport by 78.9% during the 2nd quarter. State of Alaska Department of Revenue now owns 4,580 shares of the transportation company’s stock worth $125,000 after purchasing an additional 2,020 shares in the last quarter. BNP Paribas Arbitrage SA increased its position in Marten Transport by 60.4% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 8,013 shares of the transportation company’s stock worth $220,000 after purchasing an additional 3,017 shares in the last quarter. Municipal Employees Retirement System of Michigan increased its position in Marten Transport by 66.4% during the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 8,720 shares of the transportation company’s stock worth $239,000 after purchasing an additional 3,480 shares in the last quarter. Finally, Louisiana State Employees Retirement System increased its position in Marten Transport by 1.1% during the 2nd quarter. Louisiana State Employees Retirement System now owns 9,500 shares of the transportation company’s stock worth $260,000 after purchasing an additional 100 shares in the last quarter. 55.85% of the stock is owned by hedge funds and other institutional investors.

Shares of Marten Transport, Ltd. (NASDAQ MRTN) opened at $19.00 on Friday. Marten Transport, Ltd. has a 1 year low of $12.81 and a 1 year high of $21.15. The stock has a market cap of $1,035.92, a P/E ratio of 31.15 and a beta of 1.35.

Marten Transport (NASDAQ:MRTN) last issued its quarterly earnings data on Thursday, October 19th. The transportation company reported $0.14 earnings per share (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 company had revenue of $170.70 million during the quarter, compared to the consensus estimate of $169.67 million. During the same quarter last year, the company earned $0.26 earnings per share. Marten Transport’s revenue for the quarter was up .1% on a year-over-year basis. research analysts predict that Marten Transport, Ltd. will post 0.62 earnings per share for the current fiscal year.

A number of analysts recently issued reports on the stock. BidaskClub raised shares of Marten Transport from a “sell” rating to a “hold” rating in a research report on Wednesday, August 16th. Stifel Nicolaus set a $15.00 target price on shares of Marten Transport and gave the stock a “hold” rating in a research report on Wednesday, August 23rd. Finally, Zacks Investment Research raised shares of Marten Transport from a “hold” rating to a “buy” rating and set a $18.00 target price for the company in a research report on Saturday, August 19th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $19.00.

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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.

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

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