Oppenheimer Asset Management Inc. Acquires 49,254 Shares of Marten Transport, Ltd. (MRTN)
Oppenheimer Asset Management Inc. raised its holdings in Marten Transport, Ltd. (NASDAQ:MRTN) by 85.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 106,589 shares of the transportation company’s stock after buying an additional 49,254 shares during the period. Oppenheimer Asset Management Inc. owned 0.20% of Marten Transport worth $2,190,000 at the end of the most recent reporting period.
Other hedge funds have also modified their holdings of the company. Royce & Associates LP increased its stake in Marten Transport by 20.5% in the 2nd quarter. Royce & Associates LP now owns 153,125 shares of the transportation company’s stock valued at $4,196,000 after buying an additional 26,100 shares during the last quarter. Shell Asset Management Co. increased its stake in Marten Transport by 34.3% in the 3rd quarter. Shell Asset Management Co. now owns 45,292 shares of the transportation company’s stock valued at $807,000 after buying an additional 11,579 shares during the last quarter. Pier Capital LLC acquired a new stake in Marten Transport in the 2nd quarter valued at $6,565,000. Strs Ohio acquired a new stake in Marten Transport in the 3rd quarter valued at $611,000. Finally, State Street Corp increased its stake in Marten Transport by 1.4% in the 2nd quarter. State Street Corp now owns 627,806 shares of the transportation company’s stock valued at $17,201,000 after buying an additional 8,954 shares during the last quarter. Hedge funds and other institutional investors own 68.45% of the company’s stock.
Several equities research analysts have issued reports on MRTN shares. Zacks Investment Research upgraded shares of Marten Transport from a “hold” rating to a “buy” rating and set a $20.00 price target on the stock in a research note on Thursday, September 7th. 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 upgraded shares of Marten Transport from a “sell” rating to a “hold” rating in a research note on Wednesday, August 16th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $19.00.
Marten Transport, Ltd. (NASDAQ MRTN) opened at $20.10 on Tuesday. Marten Transport, Ltd. has a 12-month low of $12.81 and a 12-month high of $21.15. The company has a market cap of $1,093.16, a PE ratio of 32.87 and a beta of 1.34.
Marten Transport (NASDAQ:MRTN) last announced its quarterly earnings data on Thursday, October 19th. The transportation company reported $0.14 EPS for the quarter, beating analysts’ consensus estimates 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 firm posted $0.26 EPS. The company’s quarterly revenue was up .1% on a year-over-year basis. equities analysts anticipate that Marten Transport, Ltd. will post 0.62 earnings per share for the current year.
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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