Nisa Investment Advisors LLC cut its holdings in Marten Transport, Ltd. (NASDAQ:MRTN – Free Report) by 2.6% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 42,969 shares of the transportation company’s stock after selling 1,130 shares during the quarter. Nisa Investment Advisors LLC owned about 0.05% of Marten Transport worth $900,000 as of its most recent SEC filing.
A number of other large investors have also recently bought and sold shares of MRTN. Millennium Management LLC boosted its holdings in shares of Marten Transport by 4,463.9% in the 2nd quarter. Millennium Management LLC now owns 689,930 shares of the transportation company’s stock valued at $11,605,000 after buying an additional 674,813 shares during the last quarter. Susquehanna International Group LLP increased its position in shares of Marten Transport by 115.3% in the fourth quarter. Susquehanna International Group LLP now owns 50,869 shares of the transportation company’s stock worth $1,006,000 after purchasing an additional 383,910 shares during the period. Norges Bank bought a new position in shares of Marten Transport in the fourth quarter worth $6,430,000. Allspring Global Investments Holdings LLC increased its position in shares of Marten Transport by 2,114.3% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 254,334 shares of the transportation company’s stock worth $5,031,000 after purchasing an additional 242,848 shares during the period. Finally, State Street Corp increased its position in shares of Marten Transport by 8.8% in the second quarter. State Street Corp now owns 2,875,734 shares of the transportation company’s stock worth $48,370,000 after purchasing an additional 231,754 shares during the period. Institutional investors and hedge funds own 66.80% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of research analysts recently commented on MRTN shares. StockNews.com started coverage on Marten Transport in a research report on Thursday, May 18th. They issued a “hold” rating on the stock. Stephens restated an “overweight” rating and issued a $27.00 price target on shares of Marten Transport in a research report on Thursday, July 20th.
Marten Transport Stock Up 2.6 %
Marten Transport (NASDAQ:MRTN – Get Free Report) last released its quarterly earnings data on Wednesday, July 19th. The transportation company reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.28 by ($0.01). The business had revenue of $285.67 million during the quarter, compared to analyst estimates of $296.93 million. Marten Transport had a net margin of 7.76% and a return on equity of 13.42%. The business’s quarterly revenue was down 13.3% compared to the same quarter last year. During the same period last year, the business earned $0.39 earnings per share. On average, analysts anticipate that Marten Transport, Ltd. will post 1.15 EPS for the current fiscal year.
Marten Transport Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 30th. Investors of record on Friday, June 16th were paid a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 1.07%. The ex-dividend date was Thursday, June 15th. Marten Transport’s dividend payout ratio (DPR) is presently 20.34%.
Marten Transport Company Profile
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.
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