Invesco Ltd. Has $6.73 Million Stake in Marten Transport, Ltd. (NASDAQ:MRTN)

Invesco Ltd. raised its position in Marten Transport, Ltd. (NASDAQ:MRTN - Free Report) by 5.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 430,913 shares of the transportation company's stock after acquiring an additional 23,599 shares during the quarter. Invesco Ltd. owned approximately 0.53% of Marten Transport worth $6,727,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Barclays PLC raised its position in shares of Marten Transport by 140.3% in the third quarter. Barclays PLC now owns 136,498 shares of the transportation company's stock valued at $2,416,000 after purchasing an additional 79,689 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Marten Transport by 1.1% during the third quarter. Geode Capital Management LLC now owns 1,410,882 shares of the transportation company's stock worth $24,977,000 after acquiring an additional 14,951 shares during the period. Franklin Resources Inc. grew its position in shares of Marten Transport by 5.2% in the third quarter. Franklin Resources Inc. now owns 31,148 shares of the transportation company's stock valued at $521,000 after purchasing an additional 1,526 shares during the last quarter. JPMorgan Chase & Co. increased its stake in shares of Marten Transport by 22.6% during the third quarter. JPMorgan Chase & Co. now owns 685,308 shares of the transportation company's stock worth $12,130,000 after purchasing an additional 126,150 shares during the period. Finally, Confluence Investment Management LLC lifted its holdings in Marten Transport by 0.5% during the 4th quarter. Confluence Investment Management LLC now owns 154,916 shares of the transportation company's stock worth $2,418,000 after purchasing an additional 754 shares during the last quarter. 69.12% of the stock is currently owned by institutional investors and hedge funds.

Marten Transport Trading Down 0.2 %

NASDAQ MRTN traded down $0.03 during midday trading on Wednesday, hitting $12.84. The company had a trading volume of 558,198 shares, compared to its average volume of 391,846. The company has a market capitalization of $1.05 billion, a PE ratio of 37.76 and a beta of 1.01. Marten Transport, Ltd. has a twelve month low of $12.52 and a twelve month high of $19.26. The firm has a 50-day moving average price of $13.65 and a 200-day moving average price of $15.31.

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 for the quarter, meeting the consensus estimate of $0.05. The business had revenue of $223.15 million for the quarter, compared to analyst estimates 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 was paid on Friday, March 28th. Investors of record on Friday, March 14th were paid a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 1.87%. The ex-dividend date of this dividend was Friday, March 14th. Marten Transport's payout ratio is 88.89%.

Wall Street Analysts Forecast Growth

Separately, Stephens increased their price objective on Marten Transport from $18.00 to $19.00 and gave the stock an "overweight" rating in a research report on Tuesday, January 28th.

Insider Buying and Selling at Marten Transport

In other news, Director Jerry M. Bauer acquired 20,000 shares of the business's stock in a transaction that occurred on Monday, April 28th. The shares were bought at an average price of $12.88 per share, with a total value of $257,600.00. Following the acquisition, the director now directly owns 176,444 shares in the company, valued at $2,272,598.72. The trade was a 12.78 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Company insiders own 22.90% of the company's stock.

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.