Marten Transport, Ltd. $MRTN Position Raised by Nuance Investments LLC

Nuance Investments LLC lifted its holdings in shares of Marten Transport, Ltd. (NASDAQ:MRTN) by 2.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,267,340 shares of the transportation company’s stock after buying an additional 144,925 shares during the period. Marten Transport makes up 7.9% of Nuance Investments LLC’s portfolio, making the stock its 3rd biggest position. Nuance Investments LLC owned about 7.69% of Marten Transport worth $71,322,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Global Retirement Partners LLC boosted its position in shares of Marten Transport by 2,083.8% during the fourth quarter. Global Retirement Partners LLC now owns 2,555 shares of the transportation company’s stock valued at $29,000 after buying an additional 2,438 shares during the last quarter. Nisa Investment Advisors LLC boosted its position in shares of Marten Transport by 660.8% during the fourth quarter. Nisa Investment Advisors LLC now owns 2,929 shares of the transportation company’s stock valued at $33,000 after buying an additional 2,544 shares during the last quarter. CIBC Private Wealth Group LLC purchased a new stake in shares of Marten Transport during the third quarter valued at $40,000. Farther Finance Advisors LLC boosted its position in shares of Marten Transport by 3,553.8% during the fourth quarter. Farther Finance Advisors LLC now owns 3,873 shares of the transportation company’s stock valued at $44,000 after buying an additional 3,767 shares during the last quarter. Finally, Atlantic Union Bankshares Corp purchased a new stake in shares of Marten Transport during the third quarter valued at $43,000. 69.12% of the stock is owned by hedge funds and other institutional investors.

Marten Transport Stock Performance

Shares of NASDAQ:MRTN opened at $17.75 on Friday. The stock has a market capitalization of $1.45 billion, a price-to-earnings ratio of 93.43 and a beta of 0.93. The stock’s 50-day simple moving average is $15.18 and its two-hundred day simple moving average is $13.20. Marten Transport, Ltd. has a 52-week low of $9.35 and a 52-week high of $18.00.

Marten Transport (NASDAQ:MRTN) last announced its earnings results on Thursday, April 23rd. The transportation company reported $0.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.03 by ($0.01). Marten Transport had a return on equity of 1.89% and a net margin of 1.68%.The firm had revenue of $203.53 million during the quarter, compared to analysts’ expectations of $207.20 million. During the same period in the previous year, the business posted $0.05 earnings per share. The company’s revenue for the quarter was down 8.8% on a year-over-year basis. As a group, equities analysts forecast that Marten Transport, Ltd. will post 0.22 earnings per share for the current fiscal year.

Marten Transport Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 16th will be given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend is Tuesday, June 16th. Marten Transport’s payout ratio is presently 126.32%.

Analyst Ratings Changes

Several research analysts have issued reports on MRTN shares. Robert W. Baird raised Marten Transport to a “strong-buy” rating in a research report on Wednesday, April 1st. Zacks Research raised Marten Transport from a “strong sell” rating to a “hold” rating in a research report on Friday, March 13th. Weiss Ratings raised Marten Transport from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, April 2nd. Finally, Stephens cut Marten Transport from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 6th. One equities research analyst has rated the stock with a Strong Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy”.

About Marten Transport

Marten Transport, Inc is a North American transportation services provider offering temperature-controlled and dry van truckload services. Founded in 1946 and headquartered in Mondovi, Wisconsin, the company specializes in full truckload, dedicated contract carriage, intermodal and port drayage solutions. Its core focus on refrigerated and produce freight has made it a key partner for food manufacturers, retailers and other shippers requiring strict temperature management.

The company maintains a modern fleet of tractors and trailers equipped with advanced telematics, electronic logging devices and continuous temperature monitoring.