Aviva PLC purchased a new position in shares of Marten Transport, Ltd. (NASDAQ:MRTN – Get Rating) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 79,928 shares of the transportation company’s stock, valued at approximately $1,531,000. Aviva PLC owned about 0.10% of Marten Transport at the end of the most recent quarter.
A number of other institutional investors also recently bought and sold shares of MRTN. Citigroup Inc. raised its position in Marten Transport by 13.4% during the 1st quarter. Citigroup Inc. now owns 55,106 shares of the transportation company’s stock worth $979,000 after buying an additional 6,494 shares during the last quarter. Bank of Montreal Can increased its holdings in shares of Marten Transport by 5.2% during the 1st quarter. Bank of Montreal Can now owns 20,590 shares of the transportation company’s stock valued at $388,000 after purchasing an additional 1,014 shares in the last quarter. MetLife Investment Management LLC increased its holdings in shares of Marten Transport by 54.9% during the 1st quarter. MetLife Investment Management LLC now owns 32,340 shares of the transportation company’s stock valued at $574,000 after purchasing an additional 11,460 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its holdings in shares of Marten Transport by 14.2% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 51,540 shares of the transportation company’s stock valued at $915,000 after purchasing an additional 6,404 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in shares of Marten Transport by 0.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 5,991,568 shares of the transportation company’s stock valued at $106,413,000 after purchasing an additional 40,954 shares in the last quarter. 68.27% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
Separately, StockNews.com raised shares of Marten Transport from a “hold” rating to a “buy” rating in a report on Friday.
Marten Transport Price Performance
Marten Transport (NASDAQ:MRTN – Get Rating) last released its quarterly earnings results on Tuesday, January 24th. The transportation company reported $0.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.30 by $0.01. Marten Transport had a net margin of 8.73% and a return on equity of 16.38%. The firm had revenue of $322.58 million for the quarter, compared to analysts’ expectations of $318.20 million. During the same quarter last year, the company earned $0.30 EPS. The firm’s revenue for the quarter was up 20.9% compared to the same quarter last year. On average, sell-side analysts anticipate that Marten Transport, Ltd. will post 1.3 earnings per share for the current fiscal year.
Marten Transport Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Friday, March 31st. Investors of record on Friday, March 17th will be paid a $0.06 dividend. The ex-dividend date is Thursday, March 16th. This represents a $0.24 dividend on an annualized basis and a yield of 1.08%. Marten Transport’s dividend payout ratio is currently 17.78%.
Marten Transport Profile
Marten Transport Ltd. engages in the provision of temperature-sensitive truckload carrier services. It operates through the following segments: Truckload, Dedicated, Intermodal and Brokerage. The Truckload segment includes transport of food and consumer packaged goods that require a temperature-controlled or insulated environment.
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