Marten Transport, Ltd. (NASDAQ:MRTN) Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. reduced its position in Marten Transport, Ltd. (NASDAQ:MRTN - Free Report) by 1.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,197,076 shares of the transportation company's stock after selling 56,663 shares during the period. Victory Capital Management Inc. owned about 5.16% of Marten Transport worth $88,055,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in the company. Strs Ohio lifted its stake in shares of Marten Transport by 2.8% in the 3rd quarter. Strs Ohio now owns 36,700 shares of the transportation company's stock valued at $723,000 after purchasing an additional 1,000 shares during the period. Swiss National Bank increased its holdings in Marten Transport by 1.1% in the 3rd quarter. Swiss National Bank now owns 133,875 shares of the transportation company's stock worth $2,639,000 after acquiring an additional 1,400 shares in the last quarter. Natixis Advisors L.P. increased its holdings in Marten Transport by 10.7% in the 3rd quarter. Natixis Advisors L.P. now owns 16,727 shares of the transportation company's stock worth $330,000 after acquiring an additional 1,616 shares in the last quarter. International Assets Investment Management LLC increased its holdings 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 acquiring an additional 2,577 shares in the last quarter. Finally, Quantbot Technologies LP purchased a new stake in Marten Transport in the 3rd quarter worth $54,000. 69.12% of the stock is currently owned by institutional investors and hedge funds.

Marten Transport Stock Up 1.3 %

Shares of Marten Transport stock traded up $0.22 during trading hours on Friday, reaching $17.44. 314,121 shares of the company's stock were exchanged, compared to its average volume of 559,525. Marten Transport, Ltd. has a 1 year low of $15.33 and a 1 year high of $23.38. The company has a market capitalization of $1.42 billion, a P/E ratio of 24.56 and a beta of 0.79. The business has a fifty day moving average of $17.87 and a two-hundred day moving average of $18.80.

Marten Transport (NASDAQ:MRTN - Get Free Report) last released its earnings results on Thursday, April 18th. The transportation company reported $0.12 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.12. Marten Transport had a net margin of 5.31% and a return on equity of 7.65%. The business had revenue of $249.67 million during the quarter, compared to analyst estimates of $262.77 million. During the same quarter in the prior year, the firm earned $0.28 earnings per share. The company's revenue for the quarter was down 16.2% compared to the same quarter last year.

Marten Transport Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 15th were issued a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.38%. The ex-dividend date was Thursday, March 14th. Marten Transport's payout ratio is 33.80%.

Analysts Set New Price Targets

MRTN has been the subject of several recent analyst reports. Vertical Research raised shares of Marten Transport from a "hold" rating to a "buy" rating and set a $25.00 price target for the company in a report on Wednesday, January 10th. Stephens cut their price target on shares of Marten Transport from $23.00 to $21.00 and set an "overweight" rating for the company in a report on Friday, April 19th.

Marten Transport 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.