Allspring Global Investments Holdings LLC Has $8 Million Holdings in Marten Transport, Ltd. (NASDAQ:MRTN)

Allspring Global Investments Holdings LLC lessened its holdings in shares of Marten Transport, Ltd. (NASDAQ:MRTN - Free Report) by 21.7% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 381,341 shares of the transportation company's stock after selling 105,426 shares during the quarter. Allspring Global Investments Holdings LLC owned 0.47% of Marten Transport worth $8,001,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. AQR Capital Management LLC increased its position in Marten Transport by 1.1% during the 1st quarter. AQR Capital Management LLC now owns 48,788 shares of the transportation company's stock worth $1,022,000 after purchasing an additional 553 shares in the last quarter. Legal & General Group Plc increased its position in Marten Transport by 0.4% during the 2nd quarter. Legal & General Group Plc now owns 146,896 shares of the transportation company's stock worth $2,470,000 after purchasing an additional 589 shares in the last quarter. Wells Fargo & Company MN increased its position in Marten Transport by 1.3% during the 2nd quarter. Wells Fargo & Company MN now owns 61,852 shares of the transportation company's stock worth $1,330,000 after purchasing an additional 774 shares in the last quarter. Mariner LLC increased its position in Marten Transport by 7.6% during the 4th quarter. Mariner LLC now owns 11,982 shares of the transportation company's stock worth $237,000 after purchasing an additional 846 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD grew its position in Marten Transport by 4.5% in the first quarter. Price T Rowe Associates Inc. MD now owns 19,867 shares of the transportation company's stock valued at $417,000 after acquiring an additional 855 shares in the last quarter. Institutional investors and hedge funds own 69.12% of the company's stock.


Marten Transport Trading Down 1.2 %

NASDAQ:MRTN traded down $0.20 during trading hours on Thursday, hitting $15.97. The stock had a trading volume of 788,642 shares, compared to its average volume of 461,463. Marten Transport, Ltd. has a 1-year low of $15.87 and a 1-year high of $23.38. The business has a 50 day simple moving average of $18.51 and a two-hundred day simple moving average of $19.03. The company has a market cap of $1.30 billion, a PE ratio of 18.59 and a beta of 0.79.

Marten Transport (NASDAQ:MRTN - Get Free Report) last issued its quarterly earnings data on Wednesday, April 17th. The transportation company reported $0.12 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.12. Marten Transport had a net margin of 6.22% and a return on equity of 9.48%. The company had revenue of $249.67 million during the quarter, compared to the consensus estimate of $262.77 million. During the same quarter last year, the company earned $0.28 earnings per share. Marten Transport's revenue for the quarter was down 16.2% on a year-over-year basis.

Marten Transport Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 15th were given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.50%. The ex-dividend date was Thursday, March 14th. Marten Transport's payout ratio is currently 27.59%.

Wall Street Analyst Weigh In

Separately, Vertical Research raised shares of Marten Transport from a "hold" rating to a "buy" rating and set a $25.00 price objective for the company in a research report on Wednesday, January 10th.

Read Our Latest Analysis on Marten Transport

Marten Transport Company Profile

(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.

See Also

Institutional Ownership by Quarter for Marten Transport (NASDAQ:MRTN)

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