Canvas Wealth Advisors LLC Acquires 27,996 Shares of Marten Transport, Ltd. (NASDAQ:MRTN)

Canvas Wealth Advisors LLC boosted its holdings in shares of Marten Transport, Ltd. (NASDAQ:MRTN - Free Report) by 81.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 62,496 shares of the transportation company's stock after buying an additional 27,996 shares during the period. Canvas Wealth Advisors LLC owned approximately 0.08% of Marten Transport worth $831,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in MRTN. Nuance Investments LLC lifted its holdings in shares of Marten Transport by 21.7% in the fourth quarter. Nuance Investments LLC now owns 3,196,811 shares of the transportation company's stock valued at $49,902,000 after purchasing an additional 569,700 shares in the last quarter. US Bancorp DE lifted its stake in Marten Transport by 3,788.8% during the 4th quarter. US Bancorp DE now owns 263,425 shares of the transportation company's stock valued at $4,112,000 after acquiring an additional 256,651 shares in the last quarter. Millennium Management LLC boosted its holdings in Marten Transport by 644.3% during the 4th quarter. Millennium Management LLC now owns 224,664 shares of the transportation company's stock worth $3,507,000 after acquiring an additional 194,481 shares during the last quarter. JPMorgan Chase & Co. grew its stake in shares of Marten Transport by 27.7% in the 4th quarter. JPMorgan Chase & Co. now owns 875,304 shares of the transportation company's stock worth $13,663,000 after acquiring an additional 189,996 shares in the last quarter. Finally, American Century Companies Inc. raised its holdings in shares of Marten Transport by 10.8% in the fourth quarter. American Century Companies Inc. now owns 1,803,045 shares of the transportation company's stock valued at $28,146,000 after purchasing an additional 175,059 shares during the last quarter. 69.12% of the stock is owned by institutional investors.

Insider Buying and Selling at Marten Transport

In other news, Director Jerry M. Bauer bought 20,000 shares of the firm's stock in a transaction on Monday, April 28th. The stock was acquired at an average cost of $12.88 per share, with a total value of $257,600.00. Following the completion of the transaction, the director now directly owns 176,444 shares of the company's stock, valued at $2,272,598.72. This represents a 12.78% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 22.90% of the company's stock.

Marten Transport Trading Up 0.1%

MRTN stock opened at $12.88 on Friday. The stock's fifty day simple moving average is $13.14 and its two-hundred day simple moving average is $14.28. Marten Transport, Ltd. has a 1-year low of $12.52 and a 1-year high of $19.26. The stock has a market cap of $1.05 billion, a P/E ratio of 47.70 and a beta of 1.00.

Marten Transport (NASDAQ:MRTN - Get Free Report) last released its earnings results on Wednesday, April 16th. The transportation company reported $0.05 EPS for the quarter, hitting analysts' consensus estimates of $0.05. The company had revenue of $223.15 million for the quarter, compared to analysts' expectations of $228.79 million. Marten Transport had a return on equity of 2.82% and a net margin of 2.31%. As a group, analysts forecast that Marten Transport, Ltd. will post 0.41 earnings per share for the current fiscal year.

Marten Transport Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Friday, June 13th will be issued a dividend of $0.06 per share. The ex-dividend date of this dividend is Friday, June 13th. This represents a $0.24 dividend on an annualized basis and a yield of 1.86%. Marten Transport's dividend payout ratio (DPR) is presently 88.89%.

Analyst Ratings Changes

Separately, Wall Street Zen downgraded shares of Marten Transport from a "hold" rating to a "sell" rating in a research report on Thursday, May 22nd.

About Marten Transport

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.

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