Marten Transport, Ltd (NASDAQ:MRTN) Director Thomas J. Winkel sold 6,250 shares of the stock in a transaction on Monday, March 23rd. The stock was sold at an average price of $17.80, for a total value of $111,250.00. Following the sale, the director now owns 29,741 shares of the company’s stock, valued at $529,389.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Shares of NASDAQ:MRTN opened at $20.51 on Friday. Marten Transport, Ltd has a 1 year low of $16.01 and a 1 year high of $23.39. The business has a fifty day simple moving average of $20.45 and a 200 day simple moving average of $21.08. The firm has a market cap of $1.13 billion, a price-to-earnings ratio of 18.31 and a beta of 1.32.
Marten Transport (NASDAQ:MRTN) last announced its quarterly earnings data on Thursday, January 23rd. The transportation company reported $0.29 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.28 by $0.01. Marten Transport had a return on equity of 10.31% and a net margin of 7.24%. The business had revenue of $217.20 million during the quarter, compared to analyst estimates of $215.90 million. During the same period last year, the company earned $0.29 earnings per share. Marten Transport’s quarterly revenue was up 6.5% compared to the same quarter last year. On average, sell-side analysts anticipate that Marten Transport, Ltd will post 1.15 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 17th will be issued a dividend of $0.04 per share. This is a positive change from Marten Transport’s previous quarterly dividend of $0.03. This represents a $0.16 annualized dividend and a yield of 0.78%. The ex-dividend date is Monday, March 16th. Marten Transport’s dividend payout ratio (DPR) is 14.41%.
Several analysts recently issued reports on the company. Zacks Investment Research lowered Marten Transport from a “buy” rating to a “hold” rating in a report on Thursday. BidaskClub lowered Marten Transport from a “buy” rating to a “hold” rating in a report on Wednesday, March 4th. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $22.00.
A number of hedge funds and other institutional investors have recently bought and sold shares of MRTN. Point72 Hong Kong Ltd bought a new position in Marten Transport during the fourth quarter valued at about $33,000. Pacitti Group Inc. bought a new position in Marten Transport during the fourth quarter worth about $47,000. Meeder Asset Management Inc. lifted its stake in Marten Transport by 395.4% during the fourth quarter. Meeder Asset Management Inc. now owns 3,983 shares of the transportation company’s stock worth $86,000 after purchasing an additional 3,179 shares during the period. Aigen Investment Management LP bought a new position in Marten Transport during the fourth quarter worth about $107,000. Finally, M&T Bank Corp lifted its stake in Marten Transport by 33.0% during the fourth quarter. M&T Bank Corp now owns 16,465 shares of the transportation company’s stock worth $352,000 after purchasing an additional 4,089 shares during the period. Institutional investors own 69.84% of the company’s stock.
About Marten Transport
Marten Transport, Ltd. operates as a temperature-sensitive truckload carrier for shippers in the United States, Canada, and Mexico. It 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.
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