1 week Ago By ABMN Staff
Vanguard Group Inc. lowered its holdings in Marten Transport, Ltd. ( NASDAQ:MRTN – Free Report ) by 0.
6% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 4,195,918 shares of the transportation company’s stock after selling 26,652 shares during the quarter. Vanguard Group Inc.
owned about 0.05% of Marten Transport worth $65,498,000 at the end of the most recent reporting period. Several other hedge funds and other institutional investors have also made changes to their positions in the business.
Independence Bank of Kentucky purchased a new position in Marten Transport in the fourth quarter valued at approximately $40,000. Quantbot Technologies LP acquired a new position in shares of Marten Transport in the 4th quarter valued at $100,000. Ieq Capital LLC purchased a new position in shares of Marten Transport in the 4th quarter valued at $172,000.
KLP Kapitalforvaltning AS acquired a new stake in Marten Transport during the 4th quarter worth $181,000. Finally, Aigen Investment Management LP purchased a new stake in Marten Transport in the fourth quarter valued at $201,000. Institutional investors and hedge funds own 69.
12% of the company’s stock. Analysts Set New Price Targets Separately, Stephens raised their price objective on Marten Transport from $18.00 to $19.
00 and gave the stock an “overweight” rating in a report on Tuesday, January 28th. Marten Transport Price Performance Shares of Marten Transport stock opened at $13.33 on Friday.
The firm’s fifty day simple moving average is $14.20 and its 200-day simple moving average is $15.67.
Marten Transport, Ltd. has a 12 month low of $12.52 and a 12 month high of $19.
26. The stock has a market capitalization of $1.09 billion, a price-to-earnings ratio of 39.
21 and a beta of 1.01. Marten Transport ( NASDAQ:MRTN – Get Free Report ) last announced its earnings results on Monday, January 27th.
The transportation company reported $0.07 EPS for the quarter, beating analysts’ consensus estimates of $0.06 by $0.
01. Marten Transport had a net margin of 2.79% and a return on equity of 3.
52%. Analysts anticipate that Marten Transport, Ltd. will post 0.
41 earnings per share for the current year. Marten Transport Announces Dividend The business also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were given a dividend of $0.
06 per share. The ex-dividend date of this dividend 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. Featured Articles 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. ( NASDAQ:MRTN – Free Report ). Receive News & Ratings for Marten Transport Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Marten Transport and related companies with MarketBeat.
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