Marten Transport, Ltd (NASDAQ:MRTN) Director Thomas J. Winkel sold 2,750 shares of the business’s stock in a transaction dated Friday, March 17th. The shares were sold at an average price of $24.35, for a total transaction of $66,962.50. Following the completion of the sale, the director now owns 14,045 shares in the company, valued at $341,995.75. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.
Shares of Marten Transport, Ltd (NASDAQ:MRTN) traded down 1.42% during mid-day trading on Monday, reaching $24.25. 93,040 shares of the company’s stock were exchanged. The stock has a 50 day moving average price of $23.74 and a 200 day moving average price of $22.74. The stock has a market cap of $791.37 million, a price-to-earnings ratio of 23.77 and a beta of 1.15. Marten Transport, Ltd has a 52 week low of $16.90 and a 52 week high of $27.05.
Marten Transport (NASDAQ:MRTN) last issued its quarterly earnings results on Thursday, January 26th. The company reported $0.25 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.25. Marten Transport had a return on equity of 7.89% and a net margin of 4.99%. The firm had revenue of $172.66 million for the quarter, compared to analyst estimates of $168.37 million. During the same period last year, the company earned $0.26 EPS. The firm’s quarterly revenue was up 2.3% on a year-over-year basis. Equities research analysts predict that Marten Transport, Ltd will post $1.02 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, March 31st. Shareholders of record on Friday, March 24th will be paid a $0.025 dividend. This represents a $0.10 dividend on an annualized basis and a yield of 0.41%. The ex-dividend date of this dividend is Wednesday, March 22nd. Marten Transport’s payout ratio is 9.80%.
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Hedge funds have recently modified their holdings of the company. Municipal Employees Retirement System of Michigan raised its stake in shares of Marten Transport by 1.1% in the third quarter. Municipal Employees Retirement System of Michigan now owns 8,540 shares of the company’s stock worth $179,000 after buying an additional 90 shares during the last quarter. First Mercantile Trust Co. raised its stake in shares of Marten Transport by 1.9% in the third quarter. First Mercantile Trust Co. now owns 20,429 shares of the company’s stock worth $429,000 after buying an additional 382 shares during the last quarter. Coyle Financial Counsel LLC raised its stake in shares of Marten Transport by 1.6% in the third quarter. Coyle Financial Counsel LLC now owns 33,817 shares of the company’s stock worth $693,000 after buying an additional 548 shares during the last quarter. Thrivent Financial for Lutherans raised its stake in shares of Marten Transport by 6.5% in the fourth quarter. Thrivent Financial for Lutherans now owns 12,540 shares of the company’s stock worth $292,000 after buying an additional 770 shares during the last quarter. Finally, Comerica Bank raised its stake in shares of Marten Transport by 5.2% in the fourth quarter. Comerica Bank now owns 24,470 shares of the company’s stock worth $584,000 after buying an additional 1,214 shares during the last quarter. 67.74% of the stock is currently owned by hedge funds and other institutional investors.
A number of analysts have issued reports on MRTN shares. Stifel Nicolaus lowered shares of Marten Transport from a “hold” rating to a “sell” rating in a research note on Thursday, December 15th. Seaport Global Securities started coverage on shares of Marten Transport in a research note on Friday, December 16th. They set a “neutral” rating on the stock. Finally, Zacks Investment Research lowered shares of Marten Transport from a “buy” rating to a “hold” rating in a research note on Wednesday, December 21st.
Marten Transport Company Profile
Marten Transport, Ltd. is a national protective service transportation company. It is a temperature-sensitive truckload carrier. The Company specializes in transporting and distributing food and other consumer-packaged goods that require a temperature-controlled or insulated environment. The Company operates through four segments: Truckload, Dedicated, Intermodal and Brokerage.
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