Marten Transport, Ltd. (MRTN)

Natixis Advisors L.P. Has $289,000 Position in Marten Transport, Ltd. (NASDAQ:MRTN)

Natixis Advisors L.P. reduced its holdings in shares of Marten Transport, Ltd. (NASDAQ:MRTN – Free Report) by 17.6% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 13,778 shares of the transportation company’s stock after selling 2,949 shares during the period. Natixis Advisors L.P.’s holdings in Marten Transport were worth $289,000 at the end of the most recent reporting period. Other institutional investors have also made changes to their positions in the company. International Assets Investment Management LLC lifted its holdings in Marten Transport by 1,997.7% during the 4th quarter. International Assets Investment Management LLC now owns 2,706 shares of the transportation company’s stock valued at $57,000 after purchasing an additional 2,577 shares during the last quarter. Quantbot Technologies LP bought a new position in shares of Marten Transport in the third quarter worth about $54,000. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Marten Transport by 36.2% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,364 shares of the transportation company’s stock worth $224,000 after acquiring an additional 3,018 shares during the last quarter. Vest Financial LLC bought a new position in shares of Marten Transport in the fourth quarter worth about $252,000. Finally, Jump Financial LLC bought a new position in shares of Marten Transport in the third quarter worth about $505,000. 69.12% of the stock is currently owned by institutional investors and hedge funds. Analyst Ratings Changes A number of equities analysts have weighed in on MRTN shares. Stephens dropped their target price on shares of Marten Transport from $23.00 to $21.00 and set an “overweight” rating for the company in a research note on Friday, April 19th. Raymond James assumed coverage on shares of Marten Transport in a research note on Wednesday, May 15th. They issued an “outperform” rating and a $20.00 target price for the company. One analyst has rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, Marten Transport currently has an average rating of “Moderate Buy” and a consensus target price of $22.00. View Our Latest Stock Report on MRTN Marten Transport Price Performance Shares of NASDAQ:MRTN opened at $18.10 on Monday. Marten Transport, Ltd. has a one year low of $15.33 and a one year high of $23.38. The company has a 50 day moving average of $17.69 and a 200-day moving average of $18.79. The stock has a market cap of $1.47 billion, a price-to-earnings ratio of 25.49 and a beta of 0.79. Marten Transport (NASDAQ:MRTN – Get Free Report) last issued its quarterly earnings data on Thursday, April 18th. The transportation company reported $0.12 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.12. The firm had revenue of $249.67 million during the quarter, compared to analysts’ expectations of $262.77 million. Marten Transport had a net margin of 5.31% and a return on equity of 7.65%. The business’s revenue for the quarter was down 16.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.28 earnings per share. Equities research analysts anticipate that Marten Transport, Ltd. will post 0.66 earnings per share for the current year. Marten Transport Dividend Announcement The business also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be issued a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 1.33%. The ex-dividend date is Friday, June 14th. Marten Transport’s dividend payout ratio (DPR) is presently 33.80%. 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.