Marten Transport, Ltd. (NASDAQ:MRTN) Shares Bought by Nuveen Asset Management LLC

Nuveen Asset Management LLC increased its stake in shares of Marten Transport, Ltd. (NASDAQ:MRTN - Free Report) by 64.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 432,775 shares of the transportation company's stock after buying an additional 169,057 shares during the quarter. Nuveen Asset Management LLC owned about 0.53% of Marten Transport worth $6,756,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Nuance Investments LLC raised its stake in Marten Transport by 21.7% in the 4th quarter. Nuance Investments LLC now owns 3,196,811 shares of the transportation company's stock worth $49,902,000 after acquiring an additional 569,700 shares during the last quarter. US Bancorp DE raised its stake in shares of Marten Transport by 3,788.8% in the fourth quarter. US Bancorp DE now owns 263,425 shares of the transportation company's stock worth $4,112,000 after purchasing an additional 256,651 shares during the last quarter. Millennium Management LLC raised its stake in shares of Marten Transport by 644.3% in the fourth quarter. Millennium Management LLC now owns 224,664 shares of the transportation company's stock worth $3,507,000 after purchasing an additional 194,481 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Marten Transport by 27.7% during the fourth quarter. JPMorgan Chase & Co. now owns 875,304 shares of the transportation company's stock worth $13,663,000 after purchasing an additional 189,996 shares during the period. Finally, Hodges Capital Management Inc. boosted its position in Marten Transport by 158.0% in the fourth quarter. Hodges Capital Management Inc. now owns 303,200 shares of the transportation company's stock valued at $4,732,000 after buying an additional 185,700 shares during the last quarter. 69.12% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Marten Transport

In other news, Director Jerry M. Bauer bought 20,000 shares of the firm's stock in a transaction that occurred on Monday, April 28th. The stock was purchased at an average cost of $12.88 per share, for a total transaction of $257,600.00. Following the purchase, the director now directly owns 176,444 shares in the company, valued at approximately $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 this hyperlink. Corporate insiders own 22.90% of the company's stock.

Marten Transport Trading Up 2.3%

MRTN traded up $0.30 during midday trading on Tuesday, hitting $13.17. 430,957 shares of the company were exchanged, compared to its average volume of 412,786. The company's 50 day simple moving average is $13.22 and its 200 day simple moving average is $14.74. The firm has a market capitalization of $1.07 billion, a price-to-earnings ratio of 38.74 and a beta of 1.04. Marten Transport, Ltd. has a 1-year low of $12.52 and a 1-year high of $19.26.

Marten Transport (NASDAQ:MRTN - Get Free Report) last issued 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 firm had revenue of $223.15 million for the quarter, compared to the consensus estimate of $228.79 million. Marten Transport had a return on equity of 3.52% and a net margin of 2.79%. On average, equities analysts anticipate that Marten Transport, Ltd. will post 0.41 EPS for the current year.

Marten Transport Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Friday, June 13th will be given a $0.06 dividend. The ex-dividend date of this dividend is Friday, June 13th. This represents a $0.24 annualized dividend and a yield of 1.82%. Marten Transport's dividend payout ratio is presently 88.89%.

Analysts Set New Price Targets

Separately, Wall Street Zen lowered 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.