Marten Transport (NASDAQ:MRTN) Upgraded to "Hold" at Wall Street Zen

Key Points

• Marten Transport has been upgraded from a "sell" rating to a "hold" rating by Wall Street Zen, reflecting analysts' more cautious outlook on the stock.
• The stock price increased by 5.5%, with a current trading value of $12.39, yet remains below its 200-day moving average of $13.37.
• Marten Transport reported $229.92 million in quarterly revenue, a 6.6% decrease year-over-year, while meeting EPS expectations with a profit of $0.09.

Marten Transport (NASDAQ:MRTN - Get Free Report) was upgraded by research analysts at Wall Street Zen from a "sell" rating to a "hold" rating in a research note issued on Friday.

Marten Transport Stock Up 5.5%

Marten Transport stock opened at $12.39 on Friday. The stock's 50 day moving average is $12.75 and its 200 day moving average is $13.37. Marten Transport has a twelve month low of $11.57 and a twelve month high of $18.63. The company has a market capitalization of $1.01 billion, a P/E ratio of 47.65 and a beta of 0.98.

Marten Transport (NASDAQ:MRTN - Get Free Report) last issued its earnings results on Wednesday, July 16th. The transportation company reported $0.09 EPS for the quarter, meeting the consensus estimate of $0.09. Marten Transport had a return on equity of 2.72% and a net margin of 2.27%.The business had revenue of $229.92 million for the quarter, compared to the consensus estimate of $231.09 million. During the same period last year, the business posted $0.10 EPS. The company's revenue was down 6.6% compared to the same quarter last year. As a group, equities analysts expect that Marten Transport will post 0.41 EPS for the current year.

Institutional Trading of Marten Transport

Institutional investors have recently added to or reduced their stakes in the business. Envestnet Asset Management Inc. lifted its holdings in shares of Marten Transport by 5.1% during the 1st quarter. Envestnet Asset Management Inc. now owns 120,101 shares of the transportation company's stock valued at $1,648,000 after buying an additional 5,874 shares during the period. Northern Trust Corp lifted its holdings in shares of Marten Transport by 4.5% during the 4th quarter. Northern Trust Corp now owns 933,776 shares of the transportation company's stock valued at $14,576,000 after buying an additional 40,237 shares during the period. Nuveen Asset Management LLC lifted its holdings in shares of Marten Transport by 64.1% during the 4th quarter. Nuveen Asset Management LLC now owns 432,775 shares of the transportation company's stock valued at $6,756,000 after buying an additional 169,057 shares during the period. Public Sector Pension Investment Board lifted its holdings in shares of Marten Transport by 27.3% during the 1st quarter. Public Sector Pension Investment Board now owns 183,399 shares of the transportation company's stock valued at $2,516,000 after buying an additional 39,300 shares during the period. Finally, Millennium Management LLC lifted its holdings in shares of Marten Transport by 644.3% during the 4th quarter. Millennium Management LLC now owns 224,664 shares of the transportation company's stock valued at $3,507,000 after buying an additional 194,481 shares during the period. 69.12% of the stock is currently owned by hedge funds and other institutional investors.

Marten Transport Company Profile

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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