Citadel Advisors LLC increased its holdings in Marten Transport, Ltd (NASDAQ:MRTN) by 113.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 253,525 shares of the transportation company’s stock after acquiring an additional 134,636 shares during the period. Citadel Advisors LLC owned about 0.47% of Marten Transport worth $5,337,000 at the end of the most recent reporting period.
Other institutional investors have also made changes to their positions in the company. Piedmont Investment Advisors LLC purchased a new stake in shares of Marten Transport during the 2nd quarter worth about $212,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new stake in shares of Marten Transport during the 2nd quarter worth about $228,000. Atria Investments LLC raised its stake in shares of Marten Transport by 31.4% during the 3rd 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 in the last quarter. SG Americas Securities LLC purchased a new stake in shares of Marten Transport during the 2nd quarter worth about $304,000. Finally, United Services Automobile Association raised its stake in shares of Marten Transport by 33.4% during the 2nd 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 in the last quarter. 69.97% of the stock is owned by hedge funds and other institutional investors.
MRTN has been the subject of a number of recent research reports. Stephens set a $22.00 price target on Marten Transport and gave the stock a “hold” rating in a research note on Wednesday, October 17th. Stifel Nicolaus raised Marten Transport from a “sell” rating to a “hold” rating and set a $21.00 price target for the company in a research note on Wednesday, August 29th. They noted that the move was a valuation call. Zacks Investment Research lowered Marten Transport from a “buy” rating to a “hold” rating in a report on Wednesday, September 19th. BidaskClub raised Marten Transport from a “sell” rating to a “hold” rating in a report on Friday, September 14th. Finally, ValuEngine lowered Marten Transport from a “buy” rating to a “hold” rating in a report on Saturday, September 22nd. One analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company. Marten Transport has an average rating of “Hold” and a consensus price target of $23.75.
MRTN opened at $17.51 on Friday. The company has a market capitalization of $969.98 million, a price-to-earnings ratio of 28.24 and a beta of 1.37. Marten Transport, Ltd has a 12-month low of $17.13 and a 12-month high of $29.60.
Marten Transport (NASDAQ:MRTN) last released its earnings results on Tuesday, October 16th. The transportation company reported $0.28 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.26 by $0.02. The firm had revenue of $199.60 million for the quarter, compared to analyst estimates of $203.10 million. Marten Transport had a return on equity of 8.81% and a net margin of 13.62%. The company’s revenue was up 16.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.14 EPS. Equities research analysts forecast that Marten Transport, Ltd will post 0.99 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 28th. Shareholders of record on Tuesday, December 18th will be issued a $0.025 dividend. This represents a $0.10 dividend on an annualized basis and a yield of 0.57%. The ex-dividend date of this dividend is Monday, December 17th. Marten Transport’s dividend payout ratio (DPR) is currently 16.13%.
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Marten Transport Profile
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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