Nisa Investment decision Advisors LLC lowered its stake in Marten Transportation, Ltd. (NASDAQ:MRTN – Get Score) by 1.% in the 1st quarter, HoldingsChannel.com studies. The fund owned 59,470 shares of the transportation company’s inventory immediately after advertising 580 shares through the quarter. Nisa Financial commitment Advisors LLC’s holdings in Marten Transport have been value $1,056,000 at the stop of the most the latest quarter.
Other hedge money also recently modified their holdings of the company. Northwestern Mutual Prosperity Administration Co. purchased a new stake in shares of Marten Transport in the 4th quarter valued at $43,000. Harel Insurance coverage Investments & Fiscal Solutions Ltd. increased its stake in shares of Marten Transport by 24.1% in the 4th quarter. Harel Insurance policies Investments & Monetary Companies Ltd. now owns 3,289 shares of the transportation company’s inventory valued at $56,000 after obtaining an additional 639 shares in the previous quarter. Pinebridge Investments L.P. bought a new stake in shares of Marten Transportation in the 4th quarter valued at $84,000. Koshinski Asset Administration Inc. bought a new stake in Marten Transport through the 1st quarter valued at $109,000. Lastly, CWM LLC purchased a new stake in Marten Transportation for the duration of the 4th quarter valued at $121,000. Institutional buyers own 68.50% of the company’s stock.
Analyst Updates and Downgrades
MRTN has been the matter of a selection of new study stories. Stephens boosted their cost goal on shares of Marten Transportation to $23.00 in a research notice on Friday. StockNews.com initiated protection on shares of Marten Transportation in a study observe on Thursday, March 31st. They established a “buy” ranking for the firm.
Marten Transportation Price Functionality
MRTN opened at $19.64 on Friday. The organization has a current market capitalization of $1.61 billion, a cost-to-earnings ratio of 15.34 and a beta of .81. The firm’s fifty working day moving average price tag is $17.34 and its two-hundred working day transferring average price tag is $17.38. Marten Transportation, Ltd. has a 1 yr minimal of $14.72 and a 1 calendar year higher of $20.49.
Marten Transport (NASDAQ:MRTN – Get Score) final posted its quarterly earnings facts on Monday, July 18th. The transportation firm reported $.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $.32 by $.07. The organization had revenue of $329.57 million for the quarter, when compared to the consensus estimate of $291.70 million. Marten Transport experienced a net margin of 9.27% and a return on equity of 16.24%. The business’s income for the quarter was up 41.8% as opposed to the very same quarter past calendar year. Through the same period of time in the previous year, the agency gained $.26 EPS. As a team, equities analysts foresee that Marten Transport, Ltd. will put up 1.38 EPS for the current 12 months.
Marten Transport Announces Dividend
The small business also just lately declared a quarterly dividend, which was paid out on Thursday, June 30th. Investors of record on Thursday, June 16th were issued a $.06 dividend. This signifies a $.24 dividend on an annualized foundation and a dividend yield of 1.22%. The ex-dividend day of this dividend was Wednesday, June 15th. Marten Transport’s dividend payout ratio (DPR) is at the moment 18.75%.
Marten Transportation Firm Profile
Marten Transportation, Ltd. operates as a temperature-delicate truckload provider for shippers in the United States, Canada, and Mexico. It operates through four segments: Truckload, Dedicated, Intermodal, and Brokerage. The Truckload section transports food stuff and other shopper packaged goods that have to have a temperature-managed or insulated ecosystem.
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