Dalton Greiner Hartman Maher & Co. decreased its holdings in shares of Marten Transport, Ltd (NASDAQ:MRTN) by 12.1% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 235,271 shares of the transportation company’s stock after selling 32,429 shares during the period. Dalton Greiner Hartman Maher & Co. owned 0.43% of Marten Transport worth $4,889,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also made changes to their positions in the business. Sawtooth Solutions LLC increased its position in shares of Marten Transport by 53.2% during the second quarter. Sawtooth Solutions LLC now owns 22,352 shares of the transportation company’s stock valued at $406,000 after acquiring an additional 7,766 shares in the last quarter. First Trust Advisors LP increased its position in shares of Marten Transport by 98.4% during the second quarter. First Trust Advisors LP now owns 136,213 shares of the transportation company’s stock valued at $2,472,000 after acquiring an additional 67,541 shares in the last quarter. Bank of New York Mellon Corp increased its position in shares of Marten Transport by 5.0% during the second quarter. Bank of New York Mellon Corp now owns 1,433,302 shares of the transportation company’s stock valued at $26,012,000 after acquiring an additional 67,814 shares in the last quarter. Jefferies Group LLC bought a new stake in shares of Marten Transport during the second quarter valued at approximately $282,000. Finally, Municipal Employees Retirement System of Michigan increased its position in shares of Marten Transport by 25.0% during the second quarter. Municipal Employees Retirement System of Michigan now owns 19,910 shares of the transportation company’s stock valued at $361,000 after acquiring an additional 3,980 shares in the last quarter. 69.24% of the stock is owned by institutional investors and hedge funds.
Shares of MRTN stock opened at $20.16 on Friday. Marten Transport, Ltd has a 12-month low of $15.39 and a 12-month high of $22.37. The firm’s 50 day moving average is $20.32 and its 200 day moving average is $19.17. The stock has a market capitalization of $1.11 billion, a P/E ratio of 20.16 and a beta of 1.49.
Marten Transport (NASDAQ:MRTN) last issued its earnings results on Thursday, July 18th. The transportation company reported $0.28 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.27 by $0.01. Marten Transport had a net margin of 7.33% and a return on equity of 10.25%. The company had revenue of $212.10 million for the quarter, compared to analysts’ expectations of $208.45 million. During the same quarter last year, the company posted $0.25 earnings per share. The firm’s quarterly revenue was up 7.7% on a year-over-year basis. On average, analysts predict that Marten Transport, Ltd will post 1.11 EPS for the current year.
The business also recently announced a None dividend, which was paid on Monday, September 30th. Investors of record on Monday, August 26th were issued a $0.68 dividend. The ex-dividend date of this dividend was Friday, August 23rd. Marten Transport’s dividend payout ratio is currently 12.00%.
Several equities research analysts recently weighed in on the stock. Stifel Nicolaus set a $18.00 price target on shares of Marten Transport and gave the company a “hold” rating in a research report on Friday, July 19th. Zacks Investment Research downgraded shares of Marten Transport from a “hold” rating to a “sell” rating in a research report on Thursday. Stephens assumed coverage on shares of Marten Transport in a research report on Monday, July 1st. They set a “hold” rating for the company. Finally, BidaskClub cut shares of Marten Transport from a “buy” rating to a “hold” rating in a report on Tuesday, September 24th. One research analyst has rated the stock with a sell rating and four have issued a hold rating to the stock. The company has a consensus rating of “Hold” and an average price target of $20.67.
Marten Transport Company Profile
Marten Transport, Ltd. operates as a temperature-sensitive truckload carrier for shippers in the United States, Canada, and Mexico. It 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.
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