Geneva Capital Management LLC Has $35 Million Stock Holdings in Marten Transport, Ltd. $MRTN

Geneva Capital Management LLC decreased its stake in Marten Transport, Ltd. (NASDAQ:MRTN) by 2.1% in the 3rd quarter, Holdings Channel.com reports. The firm owned 3,283,646 shares of the transportation company’s stock after selling 71,547 shares during the quarter. Geneva Capital Management LLC’s holdings in Marten Transport were worth $35,004,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Royal Bank of Canada increased its holdings in shares of Marten Transport by 12.0% during the first quarter. Royal Bank of Canada now owns 17,028 shares of the transportation company’s stock worth $234,000 after buying an additional 1,826 shares in the last quarter. AQR Capital Management LLC boosted its holdings in shares of Marten Transport by 18.7% during the 1st quarter. AQR Capital Management LLC now owns 61,335 shares of the transportation company’s stock valued at $842,000 after acquiring an additional 9,654 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Marten Transport by 4.4% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 34,496 shares of the transportation company’s stock worth $473,000 after acquiring an additional 1,447 shares during the last quarter. Caxton Associates LLP bought a new stake in Marten Transport during the 1st quarter worth $158,000. Finally, Envestnet Asset Management Inc. increased its holdings in Marten Transport by 5.6% in the 2nd quarter. Envestnet Asset Management Inc. now owns 126,808 shares of the transportation company’s stock worth $1,647,000 after purchasing an additional 6,707 shares in the last quarter. Institutional investors and hedge funds own 69.12% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on MRTN. Zacks Research lowered Marten Transport from a “hold” rating to a “strong sell” rating in a research note on Tuesday, January 20th. Weiss Ratings reiterated a “sell (d)” rating on shares of Marten Transport in a research report on Monday, December 29th. Finally, Wall Street Zen upgraded shares of Marten Transport from a “sell” rating to a “hold” rating in a research report on Saturday, January 31st. Two investment analysts have rated the stock with a Sell rating, Based on data from MarketBeat.com, Marten Transport has a consensus rating of “Sell”.

Marten Transport Stock Down 0.4%

Shares of NASDAQ MRTN opened at $12.47 on Wednesday. The company has a market capitalization of $1.02 billion, a PE ratio of 56.68 and a beta of 0.84. Marten Transport, Ltd. has a twelve month low of $9.35 and a twelve month high of $15.42. The firm has a fifty day simple moving average of $12.92 and a 200 day simple moving average of $11.58.

Marten Transport (NASDAQ:MRTN) last issued its quarterly earnings results on Tuesday, January 27th. The transportation company reported $0.05 earnings per share for the quarter, topping analysts’ consensus estimates of $0.03 by $0.02. The firm had revenue of $210.11 million during the quarter, compared to the consensus estimate of $207.22 million. Marten Transport had a return on equity of 2.27% and a net margin of 1.97%.The business’s revenue was down 8.8% compared to the same quarter last year. During the same period last year, the business posted $0.07 EPS. As a group, equities analysts expect that Marten Transport, Ltd. will post 0.41 earnings per share for the current fiscal year.

Marten Transport Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 17th will be paid a $0.06 dividend. The ex-dividend date of this dividend is Tuesday, March 17th. This represents a $0.24 annualized dividend and a yield of 1.9%. Marten Transport’s payout ratio is 109.09%.

Marten Transport Profile

Marten Transport, Inc is a North American transportation services provider offering temperature-controlled and dry van truckload services. Founded in 1946 and headquartered in Mondovi, Wisconsin, the company specializes in full truckload, dedicated contract carriage, intermodal and port drayage solutions. Its core focus on refrigerated and produce freight has made it a key partner for food manufacturers, retailers and other shippers requiring strict temperature management.

The company maintains a modern fleet of tractors and trailers equipped with advanced telematics, electronic logging devices and continuous temperature monitoring.