Marten Transport (NASDAQ:MRTN) Price Target Lowered to $21.00 at Stephens

Marten Transport (NASDAQ:MRTN - Get Free Report) had its price objective dropped by investment analysts at Stephens from $23.00 to $21.00 in a report released on Friday, Benzinga reports. The firm currently has an "overweight" rating on the transportation company's stock. Stephens' price objective points to a potential upside of 26.81% from the company's current price.

Separately, Vertical Research upgraded shares of Marten Transport from a "hold" rating to a "buy" rating and set a $25.00 price target on the stock in a report on Wednesday, January 10th.

Marten Transport Price Performance

Shares of MRTN traded up $0.59 during mid-day trading on Friday, hitting $16.56. The company's stock had a trading volume of 1,263,266 shares, compared to its average volume of 472,201. Marten Transport has a fifty-two week low of $15.33 and a fifty-two week high of $23.38. The stock has a market capitalization of $1.35 billion, a price-to-earnings ratio of 19.03 and a beta of 0.79. The firm has a 50-day moving average price of $18.38 and a 200 day moving average price of $18.99.

Marten Transport (NASDAQ:MRTN - Get Free Report) last released its quarterly earnings data on Thursday, April 18th. The transportation company reported $0.12 earnings per share for the quarter, hitting the consensus estimate of $0.12. Marten Transport had a return on equity of 9.48% and a net margin of 6.22%. The business had revenue of $249.67 million during the quarter, compared to analyst estimates of $262.77 million. During the same period last year, the company posted $0.28 EPS. The company's revenue was down 16.2% compared to the same quarter last year.

Institutional Investors Weigh In On Marten Transport

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Lazard Asset Management LLC acquired a new position in shares of Marten Transport in the first quarter worth $47,000. International Assets Investment Management LLC increased its position in Marten Transport by 1,997.7% in the 4th quarter. International Assets Investment Management LLC now owns 2,706 shares of the transportation company's stock worth $57,000 after purchasing an additional 2,577 shares during the last quarter. Quantbot Technologies LP acquired a new position in Marten Transport in the 3rd quarter worth about $54,000. Point72 Middle East FZE purchased a new stake in shares of Marten Transport during the 4th quarter worth about $71,000. Finally, Captrust Financial Advisors lifted its holdings in shares of Marten Transport by 108.6% during the 1st quarter. Captrust Financial Advisors now owns 3,790 shares of the transportation company's stock valued at $67,000 after buying an additional 1,973 shares during the last quarter. Hedge funds and other institutional investors own 69.12% of the company's stock.

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.