Charles Schwab Investment Management Inc. Has $15.09 Million Position in Marten Transport, Ltd. $MRTN

Key Points

• Charles Schwab Investment Management Inc. increased its stake in Marten Transport, Ltd. by 7.4%, owning 1,099,809 shares worth approximately $15.1 million as of the most recent SEC filing.
• Marten Transport reported a quarterly EPS of $0.09, meeting analysts' expectations, but its revenue declined 6.6% year-over-year, totaling $229.92 million.
• The company announced a quarterly dividend of $0.06, representing an annual yield of 1.9%, with a payout ratio of 92.31% scheduled for distribution on September 30th.

Charles Schwab Investment Management Inc. raised its holdings in shares of Marten Transport, Ltd. (NASDAQ:MRTN - Free Report) by 7.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,099,809 shares of the transportation company's stock after buying an additional 75,692 shares during the quarter. Charles Schwab Investment Management Inc. owned about 1.35% of Marten Transport worth $15,089,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Envestnet Asset Management Inc. lifted its holdings in shares of Marten Transport by 5.1% during the first quarter. Envestnet Asset Management Inc. now owns 120,101 shares of the transportation company's stock worth $1,648,000 after buying an additional 5,874 shares during the last quarter. Northern Trust Corp lifted its holdings in shares of Marten Transport by 4.5% during the fourth quarter. Northern Trust Corp now owns 933,776 shares of the transportation company's stock worth $14,576,000 after buying an additional 40,237 shares during the last quarter. Nuveen Asset Management LLC lifted its holdings in shares of Marten Transport by 64.1% during the fourth quarter. Nuveen Asset Management LLC now owns 432,775 shares of the transportation company's stock worth $6,756,000 after buying an additional 169,057 shares during the last quarter. Millennium Management LLC lifted its holdings in shares of Marten Transport by 644.3% during the fourth quarter. Millennium Management LLC now owns 224,664 shares of the transportation company's stock worth $3,507,000 after buying an additional 194,481 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its holdings 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 worth $498,000 after buying an additional 4,046 shares during the last quarter. 69.12% of the stock is currently owned by institutional investors and hedge funds.

Marten Transport Price Performance

Shares of NASDAQ MRTN traded up $0.02 during trading hours on Friday, reaching $11.88. The stock had a trading volume of 63,642 shares, compared to its average volume of 509,068. The business's fifty day moving average is $12.67 and its two-hundred day moving average is $13.28. Marten Transport, Ltd. has a twelve month low of $11.57 and a twelve month high of $18.63. The company has a market cap of $968.54 million, a price-to-earnings ratio of 45.71 and a beta of 0.98.

Marten Transport (NASDAQ:MRTN - Get Free Report) last released its quarterly earnings data on Wednesday, July 16th. The transportation company reported $0.09 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.09. Marten Transport had a return on equity of 2.72% and a net margin of 2.27%.The firm had revenue of $229.92 million during the quarter, compared to analyst estimates of $231.09 million. During the same period in the prior year, the company posted $0.10 earnings per share. The business's revenue for the quarter was down 6.6% compared to the same quarter last year. Sell-side 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 Tuesday, September 30th. Shareholders of record on Tuesday, September 16th will be paid a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 2.0%. The ex-dividend date is Tuesday, September 16th. Marten Transport's dividend payout ratio is currently 92.31%.

Analysts Set New Price Targets

Separately, Wall Street Zen upgraded Marten Transport from a "sell" rating to a "hold" rating in a research note on Friday, August 22nd. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat, Marten Transport presently has a consensus rating of "Moderate Buy" and a consensus target price of $19.00.

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.