Shares of Marten Transport, Ltd. (NASDAQ:MRTN - Get Free Report) gapped up prior to trading on Wednesday after an insider bought additional shares in the company. The stock had previously closed at $12.87, but opened at $13.32. Marten Transport shares last traded at $12.66, with a volume of 67,653 shares trading hands.
Specifically, Director Jerry M. Bauer bought 20,000 shares of the stock in a transaction that occurred on Monday, April 28th. The shares were acquired at an average cost of $12.88 per share, for a total transaction of $257,600.00. Following the purchase, the director now 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 Securities & Exchange Commission, which is accessible through this link.
Analysts Set New Price Targets
Separately, Stephens boosted their target price 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.
View Our Latest Stock Analysis on MRTN
Marten Transport Trading Down 0.8 %
The business's 50 day moving average price is $13.58 and its two-hundred day moving average price is $15.23. The company has a market capitalization of $1.06 billion, a price-to-earnings ratio of 38.15 and a beta of 1.04.
Marten Transport (NASDAQ:MRTN - Get Free Report) last announced its earnings results on Wednesday, April 16th. The transportation company reported $0.05 EPS for the quarter, meeting the consensus estimate of $0.05. Marten Transport had a net margin of 2.79% and a return on equity of 3.52%. The company had revenue of $223.15 million during the quarter, compared to the consensus estimate of $228.79 million. Analysts expect that Marten Transport, Ltd. will post 0.41 EPS for the current year.
Marten Transport Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were given a $0.06 dividend. The ex-dividend date of this dividend was Friday, March 14th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.85%. Marten Transport's dividend payout ratio is currently 88.89%.
Institutional Trading of Marten Transport
Several hedge funds and other institutional investors have recently made changes to their positions in MRTN. Barclays PLC boosted its position in shares of Marten Transport by 140.3% during the 3rd quarter. Barclays PLC now owns 136,498 shares of the transportation company's stock valued at $2,416,000 after acquiring an additional 79,689 shares during the last quarter. Franklin Resources Inc. grew its stake in Marten Transport by 5.2% during the 3rd quarter. Franklin Resources Inc. now owns 31,148 shares of the transportation company's stock worth $521,000 after buying an additional 1,526 shares during the last quarter. JPMorgan Chase & Co. raised its position in Marten Transport by 22.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 685,308 shares of the transportation company's stock worth $12,130,000 after buying an additional 126,150 shares during the last quarter. Hennion & Walsh Asset Management Inc. lifted its holdings in shares of Marten Transport by 71.0% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 25,421 shares of the transportation company's stock valued at $397,000 after buying an additional 10,559 shares during the period. Finally, Independence Bank of Kentucky acquired a new position in Marten Transport in the 4th quarter worth about $40,000. Hedge funds and other institutional investors own 69.12% of the company's stock.
About Marten Transport
(
Get 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.
Featured Articles
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
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
