Ameriprise Financial Inc. reduced its position in Marten Transport, Ltd. (NASDAQ:MRTN - Free Report) by 30.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 967,085 shares of the transportation company's stock after selling 418,062 shares during the period. Ameriprise Financial Inc. owned approximately 1.19% of Marten Transport worth $15,096,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Northern Trust Corp raised its stake in shares of Marten Transport by 4.5% in the 4th quarter. Northern Trust Corp now owns 933,776 shares of the transportation company's stock valued at $14,576,000 after purchasing an additional 40,237 shares in the last quarter. Johnson Financial Group Inc. acquired a new stake in shares of Marten Transport in the fourth quarter valued at approximately $48,000. Nebula Research & Development LLC increased its stake in shares of Marten Transport by 47.9% during the fourth quarter. Nebula Research & Development LLC now owns 42,417 shares of the transportation company's stock valued at $662,000 after acquiring an additional 13,744 shares during the period. Penn Capital Management Company LLC increased its stake in shares of Marten Transport by 21.2% during the fourth quarter. Penn Capital Management Company LLC now owns 280,250 shares of the transportation company's stock valued at $4,375,000 after acquiring an additional 48,944 shares during the period. Finally, Price T Rowe Associates Inc. MD increased its stake in shares of Marten Transport by 14.6% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 31,852 shares of the transportation company's stock valued at $498,000 after acquiring an additional 4,046 shares during the period. 69.12% of the stock is owned by hedge funds and other institutional investors.
Insiders Place Their Bets
In related news, Director Jerry M. Bauer acquired 20,000 shares of the company's stock in a transaction dated Monday, April 28th. The shares were bought at an average price of $12.88 per share, for a total transaction of $257,600.00. Following the acquisition, the director now owns 176,444 shares in the company, valued at $2,272,598.72. This trade represents a 12.78% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 22.90% of the company's stock.
Marten Transport Stock Performance
Shares of NASDAQ:MRTN remained flat at $12.99 during trading on Friday. 468,316 shares of the company's stock were exchanged, compared to its average volume of 410,895. The company has a fifty day simple moving average of $13.32 and a two-hundred day simple moving average of $14.98. The firm has a market cap of $1.06 billion, a price-to-earnings ratio of 38.21 and a beta of 1.04. Marten Transport, Ltd. has a 52 week low of $12.52 and a 52 week high of $19.26.
Marten Transport (NASDAQ:MRTN - Get Free Report) last released its quarterly earnings data on Wednesday, April 16th. The transportation company reported $0.05 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.05. The business had revenue of $223.15 million during the quarter, compared to analyst estimates of $228.79 million. Marten Transport had a net margin of 2.79% and a return on equity of 3.52%. As a group, research analysts anticipate that Marten Transport, Ltd. will post 0.41 EPS for the current fiscal year.
Marten Transport Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Friday, June 13th will be given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 1.85%. The ex-dividend date of this dividend is Friday, June 13th. Marten Transport's dividend payout ratio is 88.89%.
Analyst Upgrades and Downgrades
A number of research analysts recently commented on the stock. Stephens raised their price objective on shares of Marten Transport from $18.00 to $19.00 and gave the company an "overweight" rating in a research note on Tuesday, January 28th. Wall Street Zen cut shares of Marten Transport from a "hold" rating to a "sell" rating in a research report on Thursday.
View Our Latest Stock Report on MRTN
Marten Transport Company Profile
(
Free Report)
Marten Transport, Ltd. operates as a temperature-sensitive truckload carrier for shippers in the United State, Mexico, and Canada. The company 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, as well as dry freight; and regional short-haul and medium-to-long-haul full-load transportation services.
Recommended Stories
Before you consider Marten Transport, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Marten Transport wasn't on the list.
While Marten Transport currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of ten stocks that are set to soar in Summer 2025, despite the threat of tariffs and other economic uncertainty. These ten stocks are incredibly resilient and are likely to thrive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
