Marten Transport, Ltd. (NASDAQ:MRTN - Get Free Report) shares saw strong trading volume on Friday . 144,210 shares were traded during trading, a decline of 68% from the previous session's volume of 456,626 shares.The stock last traded at $16.56 and had previously closed at $15.97.
Analyst Upgrades and Downgrades
A number of equities research analysts have recently commented on the stock. Vertical Research raised shares of Marten Transport from a "hold" rating to a "buy" rating and set a $25.00 price objective on the stock in a research note on Wednesday, January 10th. Stephens dropped their price objective on shares of Marten Transport from $23.00 to $21.00 and set an "overweight" rating on the stock in a research note on Friday.
View Our Latest Stock Report on Marten Transport
Marten Transport Stock Performance
The business's 50 day moving average is $18.38 and its 200-day moving average is $18.99. The stock has a market cap of $1.35 billion, a price-to-earnings ratio of 19.03 and a beta of 0.79.
Marten Transport (NASDAQ:MRTN - Get Free Report) last released its quarterly earnings results on Thursday, April 18th. The transportation company reported $0.12 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.12. Marten Transport had a net margin of 6.22% and a return on equity of 9.48%. The firm had revenue of $249.67 million for the quarter, compared to analysts' expectations of $262.77 million. During the same quarter last year, the company earned $0.28 EPS. The firm's revenue for the quarter was down 16.2% compared to the same quarter last year.
Marten Transport Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 15th were issued a $0.06 dividend. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $0.24 dividend on an annualized basis and a yield of 1.45%. Marten Transport's payout ratio is currently 27.59%.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in MRTN. Citigroup Inc. lifted its holdings in Marten Transport by 13.4% in the 1st quarter. Citigroup Inc. now owns 55,106 shares of the transportation company's stock valued at $979,000 after purchasing an additional 6,494 shares in the last quarter. Bank of Montreal Can lifted its holdings in Marten Transport by 5.2% in the 1st quarter. Bank of Montreal Can now owns 20,590 shares of the transportation company's stock valued at $388,000 after purchasing an additional 1,014 shares in the last quarter. MetLife Investment Management LLC lifted its holdings in Marten Transport by 54.9% in the 1st quarter. MetLife Investment Management LLC now owns 32,340 shares of the transportation company's stock valued at $574,000 after purchasing an additional 11,460 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its holdings in Marten Transport by 14.2% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 51,540 shares of the transportation company's stock valued at $915,000 after purchasing an additional 6,404 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in Marten Transport by 0.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 5,991,568 shares of the transportation company's stock valued at $106,413,000 after purchasing an additional 40,954 shares in the last quarter. Hedge funds and other institutional investors own 69.12% of the company's stock.
Marten Transport Company Profile
(
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.
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