Several analysts have recently updated their ratings and price targets for Marten Transport (NASDAQ: MRTN):

  • 9/22/2018 – Marten Transport was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 9/22/2018 – Marten Transport was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating.
  • 9/19/2018 – Marten Transport was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Marten Transport, Ltd. is a long-haul truckload carrier providing protective service and time- sensitive transportation in the United States. The company specializes in transporting and distributing food and other consumer packaged goods that require a temperature-controlled or insulated environment. Marten operates through these featured services – Truckload, Dedicated, Intermodal and Brokerage. Marten Transport offers service in the United States, Canada and Mexico, concentrating on expedited movements for high-volume customers. Marten’s common stock is traded on the Nasdaq Global Select Market under the symbol MRTN and is headquartered in Mondovi, Wisconsin. “
  • 9/14/2018 – Marten Transport was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 8/31/2018 – Marten Transport was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 8/29/2018 – Marten Transport was upgraded by analysts at Stifel Nicolaus from a “sell” rating to a “hold” rating. They now have a $21.00 price target on the stock. They noted that the move was a valuation call. They noted that the move was a valuation call.

Marten Transport stock traded down $0.25 during midday trading on Monday, hitting $20.85. 1,449 shares of the company’s stock were exchanged, compared to its average volume of 197,774. Marten Transport, Ltd has a 12-month low of $17.50 and a 12-month high of $29.60. The company has a market capitalization of $1.15 billion, a P/E ratio of 33.63 and a beta of 1.36.

Marten Transport (NASDAQ:MRTN) last issued its quarterly earnings data on Friday, July 20th. The transportation company reported $0.25 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.22 by $0.03. Marten Transport had a net margin of 13.15% and a return on equity of 7.82%. The company had revenue of $197.00 million for the quarter, compared to the consensus estimate of $193.90 million. During the same period last year, the firm posted $0.17 EPS. Marten Transport’s revenue for the quarter was up 14.9% on a year-over-year basis. sell-side analysts anticipate that Marten Transport, Ltd will post 0.98 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 28th. Shareholders of record on Friday, September 14th will be given a dividend of $0.025 per share. This represents a $0.10 annualized dividend and a yield of 0.48%. The ex-dividend date is Thursday, September 13th. Marten Transport’s payout ratio is currently 16.13%.

A number of institutional investors have recently modified their holdings of MRTN. Piedmont Investment Advisors LLC purchased a new stake in shares of Marten Transport in the second quarter valued at about $212,000. Atria Investments LLC purchased a new stake in Marten Transport during the second quarter worth about $220,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new stake in Marten Transport during the second quarter worth about $228,000. Trexquant Investment LP purchased a new stake in Marten Transport during the first quarter worth about $245,000. Finally, Engineers Gate Manager LP purchased a new stake in Marten Transport during the first quarter worth about $268,000. 71.05% of the stock is currently owned by institutional investors.

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.

See Also: Analyst Ratings

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