Marten Transport (NASDAQ:MRTN) was downgraded by equities research analysts at Stephens from an “overweight” rating to an “equal weight” rating in a research note issued on Friday, The Fly reports.
Other analysts have also recently issued research reports about the stock. BidaskClub cut shares of Marten Transport from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, March 28th. ValuEngine raised shares of Marten Transport from a “hold” rating to a “buy” rating in a research report on Thursday, March 22nd. Zacks Investment Research raised shares of Marten Transport from a “hold” rating to a “buy” rating and set a $24.00 price objective on the stock in a research report on Saturday, January 20th. Finally, Seaport Global Securities raised shares of Marten Transport from a “neutral” rating to a “buy” rating and set a $30.00 price objective on the stock in a research report on Friday, January 26th. Two research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. Marten Transport presently has a consensus rating of “Buy” and a consensus target price of $25.25.
Shares of MRTN opened at $23.35 on Friday. The firm has a market cap of $1,301.43, a price-to-earnings ratio of 37.66 and a beta of 1.37. Marten Transport has a 12 month low of $13.08 and a 12 month high of $29.60.
Marten Transport (NASDAQ:MRTN) last issued its quarterly earnings results on Thursday, April 19th. The transportation company reported $0.19 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.19. The business had revenue of $187.00 million for the quarter, compared to analysts’ expectations of $188.70 million. Marten Transport had a net margin of 12.93% and a return on equity of 7.17%. The business’s quarterly revenue was up 8.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.25 earnings per share. equities research analysts expect that Marten Transport will post 0.92 EPS for the current fiscal year.
In other news, Director Thomas J. Winkel sold 6,250 shares of the stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $22.55, for a total transaction of $140,937.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Larry B. Hagness sold 12,000 shares of the stock in a transaction dated Friday, February 2nd. The stock was sold at an average price of $23.39, for a total transaction of $280,680.00. The disclosure for this sale can be found here. 22.90% of the stock is owned by corporate insiders.
Several hedge funds have recently added to or reduced their stakes in the company. MetLife Investment Advisors LLC bought a new position in shares of Marten Transport during the 4th quarter worth about $393,000. Millennium Management LLC bought a new position in shares of Marten Transport during the 4th quarter worth about $3,448,000. Two Sigma Investments LP boosted its position in shares of Marten Transport by 72.8% during the 4th quarter. Two Sigma Investments LP now owns 166,247 shares of the transportation company’s stock worth $3,375,000 after purchasing an additional 70,051 shares in the last quarter. Two Sigma Advisers LP raised its holdings in shares of Marten Transport by 7.3% in the 4th quarter. Two Sigma Advisers LP now owns 207,049 shares of the transportation company’s stock worth $4,203,000 after acquiring an additional 14,000 shares during the last quarter. Finally, Goldman Sachs Group Inc. raised its holdings in shares of Marten Transport by 2.0% in the 4th quarter. Goldman Sachs Group Inc. now owns 1,706,715 shares of the transportation company’s stock worth $34,646,000 after acquiring an additional 33,146 shares during the last quarter. 67.69% of the stock is currently owned by institutional investors.
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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.
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