Trexquant Investment LP increased its holdings in shares of Marten Transport, Ltd (NASDAQ:MRTN) by 128.5% in the 3rd quarter, Holdings Channel reports. The firm owned 24,538 shares of the transportation company’s stock after acquiring an additional 13,799 shares during the quarter. Trexquant Investment LP’s holdings in Marten Transport were worth $517,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also modified their holdings of the company. Piedmont Investment Advisors LLC purchased a new position in shares of Marten Transport during the second quarter worth $212,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new position in shares of Marten Transport during the second quarter worth $228,000. Atria Investments LLC raised its holdings in shares of Marten Transport by 31.4% during the third quarter. Atria Investments LLC now owns 12,337 shares of the transportation company’s stock worth $260,000 after purchasing an additional 2,948 shares during the last quarter. SG Americas Securities LLC purchased a new position in shares of Marten Transport during the second quarter worth $304,000. Finally, United Services Automobile Association raised its holdings in shares of Marten Transport by 33.4% during the second quarter. United Services Automobile Association now owns 14,460 shares of the transportation company’s stock worth $339,000 after purchasing an additional 3,620 shares during the last quarter. 69.97% of the stock is owned by hedge funds and other institutional investors.

A number of research firms have weighed in on MRTN. ValuEngine cut shares of Marten Transport from a “buy” rating to a “hold” rating in a report on Saturday, September 22nd. BidaskClub raised shares of Marten Transport from a “sell” rating to a “hold” rating in a report on Friday, September 14th. Stifel Nicolaus raised shares of Marten Transport from a “sell” rating to a “hold” rating and set a $21.00 price objective for the company in a report on Wednesday, August 29th. They noted that the move was a valuation call. Zacks Investment Research raised shares of Marten Transport from a “hold” rating to a “buy” rating and set a $22.00 price objective for the company in a report on Friday, October 19th. Finally, Stephens set a $22.00 price objective on shares of Marten Transport and gave the company a “hold” rating in a report on Wednesday, October 17th. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $23.75.

MRTN opened at $17.81 on Wednesday. Marten Transport, Ltd has a fifty-two week low of $17.72 and a fifty-two week high of $29.60. The firm has a market capitalization of $1.06 billion, a price-to-earnings ratio of 28.73 and a beta of 1.37.

Marten Transport (NASDAQ:MRTN) last released its quarterly earnings data on Tuesday, October 16th. The transportation company reported $0.28 earnings per share for the quarter, beating analysts’ consensus estimates of $0.26 by $0.02. Marten Transport had a net margin of 13.62% and a return on equity of 8.81%. The company had revenue of $199.60 million during the quarter, compared to analysts’ expectations of $203.10 million. During the same quarter in the previous year, the company earned $0.14 earnings per share. The firm’s revenue for the quarter was up 16.9% on a year-over-year basis. As a group, equities research analysts expect that Marten Transport, Ltd will post 0.99 EPS for the current fiscal year.

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About Marten Transport

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

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