Geode Capital Management LLC grew its holdings in Marten Transport, Ltd (NASDAQ:MRTN) by 16.2% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 486,751 shares of the transportation company’s stock after purchasing an additional 67,959 shares during the quarter. Geode Capital Management LLC owned about 0.89% of Marten Transport worth $7,880,000 as of its most recent filing with the SEC.
Other large investors have also modified their holdings of the company. Bank of Montreal Can grew its position in shares of Marten Transport by 33.4% in the fourth quarter. Bank of Montreal Can now owns 4,767 shares of the transportation company’s stock valued at $77,000 after purchasing an additional 1,193 shares during the last quarter. Whittier Trust Co. acquired a new stake in shares of Marten Transport in the fourth quarter valued at about $91,000. Verition Fund Management LLC acquired a new stake in shares of Marten Transport in the third quarter valued at about $236,000. Oregon Public Employees Retirement Fund acquired a new stake in shares of Marten Transport in the fourth quarter valued at about $238,000. Finally, United Services Automobile Association grew its position in shares of Marten Transport by 20.5% in the fourth quarter. United Services Automobile Association now owns 19,116 shares of the transportation company’s stock valued at $309,000 after purchasing an additional 3,257 shares during the last quarter. 69.45% of the stock is currently owned by institutional investors.
In related news, Director Robert L. Demorest sold 6,250 shares of Marten Transport stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $18.05, for a total transaction of $112,812.50. Following the sale, the director now directly owns 20,666 shares of the company’s stock, valued at $373,021.30. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Chairman Randolph L. Marten sold 90,003 shares of Marten Transport stock in a transaction dated Thursday, February 7th. The stock was sold at an average price of $19.02, for a total value of $1,711,857.06. The disclosure for this sale can be found here. Over the last three months, insiders have sold 191,066 shares of company stock worth $3,623,237. 23.00% of the stock is owned by company insiders.
Several equities research analysts have recently issued reports on MRTN shares. ValuEngine raised Marten Transport from a “hold” rating to a “buy” rating in a research report on Thursday, January 24th. Zacks Investment Research raised Marten Transport from a “hold” rating to a “buy” rating and set a $19.00 price target on the stock in a research report on Wednesday, December 19th. Finally, BidaskClub raised Marten Transport from a “sell” rating to a “hold” rating in a research report on Saturday, January 19th. One investment analyst has rated the stock with a sell rating and four have assigned a hold rating to the stock. Marten Transport currently has an average rating of “Hold” and a consensus target price of $20.67.
MRTN stock opened at $18.27 on Wednesday. Marten Transport, Ltd has a twelve month low of $15.39 and a twelve month high of $24.55. The stock has a market cap of $998.56 million, a P/E ratio of 18.27 and a beta of 1.52.
Marten Transport (NASDAQ:MRTN) last released its earnings results on Tuesday, April 16th. The transportation company reported $0.25 earnings per share for the quarter, topping analysts’ consensus estimates of $0.24 by $0.01. Marten Transport had a return on equity of 9.89% and a net margin of 6.99%. The business had revenue of $199.00 million for the quarter, compared to the consensus estimate of $196.60 million. During the same period last year, the business earned $0.19 earnings per share. The firm’s revenue for the quarter was up 6.4% compared to the same quarter last year. Analysts anticipate that Marten Transport, Ltd will post 1.09 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 15th were given a dividend of $0.03 per share. The ex-dividend date was Thursday, March 14th. This is an increase from Marten Transport’s previous quarterly dividend of $0.03. This represents a $0.12 dividend on an annualized basis and a yield of 0.66%. Marten Transport’s dividend payout ratio (DPR) is 12.00%.
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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