1 week Ago By ABMN Staff
Norges Bank acquired a new stake in Marten Transport, Ltd. ( NASDAQ:MRTN – Free Report ) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 135,900 shares of the transportation company’s stock, valued at approximately $2,121,000.
Several other large investors have also bought and sold shares of MRTN. JPMorgan Chase & Co. lifted its holdings in shares of Marten Transport by 27.
7% in the fourth quarter. JPMorgan Chase & Co. now owns 875,304 shares of the transportation company’s stock worth $13,663,000 after acquiring an additional 189,996 shares during the last quarter.
WINTON GROUP Ltd increased its position in Marten Transport by 19.8% during the 4th quarter. WINTON GROUP Ltd now owns 66,505 shares of the transportation company’s stock worth $1,038,000 after purchasing an additional 10,995 shares in the last quarter.
Nuance Investments LLC lifted its stake in Marten Transport by 21.7% in the 4th quarter. Nuance Investments LLC now owns 3,196,811 shares of the transportation company’s stock valued at $49,902,000 after purchasing an additional 569,700 shares during the last quarter.
LPL Financial LLC boosted its position in Marten Transport by 7.3% in the fourth quarter. LPL Financial LLC now owns 33,447 shares of the transportation company’s stock valued at $522,000 after buying an additional 2,267 shares in the last quarter.
Finally, Fox Run Management L.L.C.
bought a new stake in shares of Marten Transport during the fourth quarter worth $430,000. 69.12% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets Separately, Stephens increased their price target on Marten Transport from $18.00 to $19.00 and gave the company an “overweight” rating in a research note on Tuesday, January 28th.
Marten Transport Price Performance Marten Transport stock opened at $13.37 on Friday. The business has a 50 day moving average of $14.
16 and a 200-day moving average of $15.65. The company has a market capitalization of $1.
09 billion, a P/E ratio of 39.32 and a beta of 1.01.
Marten Transport, Ltd. has a 1 year low of $12.52 and a 1 year high of $19.
26. Marten Transport ( NASDAQ:MRTN – Get Free Report ) last announced its quarterly earnings results on Monday, January 27th. The transportation company reported $0.
07 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.06 by $0.01.
Marten Transport had a net margin of 2.79% and a return on equity of 3.52%.
Equities analysts anticipate that Marten Transport, Ltd. will post 0.41 EPS for the current year.
Marten Transport Dividend Announcement The business also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were issued a $0.06 dividend.
The ex-dividend date was Friday, March 14th. This represents a $0.24 dividend on an annualized basis and a yield of 1.
80%. Marten Transport’s payout ratio is 70.59%.
Marten Transport 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 Want to see what other hedge funds are holding MRTN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Marten Transport, Ltd.
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