Marten Transport (MRTN) Stock Rating Upgraded by Zacks Investment Research

Zacks Investment Research upgraded shares of Marten Transport (NASDAQ:MRTN) from a hold rating to a buy rating in a report issued on Saturday morning. They currently have $26.00 price target on the transportation company’s stock.

According to Zacks, “Marten Transport, Ltd. is a long-haul truckload carrier providing protective service and time- sensitive transportation in the United States. The company specializes in transporting and distributing food and other consumer packaged goods that require a temperature-controlled or insulated environment. Marten operates through these featured services – Truckload, Dedicated, Intermodal and Brokerage. Marten Transport offers service in the United States, Canada and Mexico, concentrating on expedited movements for high-volume customers. Marten’s common stock is traded on the Nasdaq Global Select Market under the symbol MRTN and is headquartered in Mondovi, Wisconsin. “

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MRTN has been the topic of several other reports. BidaskClub upgraded Marten Transport from a hold rating to a buy rating in a report on Tuesday, January 16th. ValuEngine upgraded Marten Transport from a hold rating to a buy rating in a report on Thursday, March 22nd. Stifel Nicolaus restated a hold rating and set a $20.00 price target on shares of Marten Transport in a report on Thursday. Seaport Global Securities upgraded Marten Transport from a neutral rating to a buy rating and set a $30.00 price target on the stock in a report on Friday, January 26th. Finally, Stephens restated a buy rating and set a $25.00 price target on shares of Marten Transport in a report on Wednesday, January 10th. One analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company currently has a consensus rating of Buy and a consensus price target of $25.25.

NASDAQ:MRTN opened at $22.15 on Friday. The stock has a market cap of $1,208.66, a PE ratio of 35.73 and a beta of 1.37. Marten Transport has a 1-year low of $12.99 and a 1-year high of $29.60.

Marten Transport (NASDAQ:MRTN) last released its quarterly earnings results on Thursday, January 25th. The transportation company reported $0.16 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.16. The company had revenue of $182.70 million for the quarter, compared to analysts’ expectations of $177.55 million. Marten Transport had a return on equity of 7.17% and a net margin of 12.93%. The business’s quarterly revenue was up 5.8% compared to the same quarter last year. During the same period in the previous year, the business posted $0.25 earnings per share. research analysts anticipate that Marten Transport will post 0.92 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, March 30th. Investors of record on Monday, March 19th were issued a $0.025 dividend. This represents a $0.10 annualized dividend and a yield of 0.45%. The ex-dividend date of this dividend was Friday, March 16th. Marten Transport’s payout ratio is presently 16.13%.

In related news, Director Thomas J. Winkel sold 6,250 shares of the company’s stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $22.55, for a total value of $140,937.50. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Larry B. Hagness sold 12,000 shares of the company’s stock in a transaction that occurred on Friday, February 2nd. The shares were sold at an average price of $23.39, for a total value of $280,680.00. The disclosure for this sale can be found here. Corporate insiders own 23.00% of the company’s stock.

A number of hedge funds have recently made changes to their positions in the stock. AlphaOne Investment Services LLC boosted its holdings in Marten Transport by 1.1% in the fourth quarter. AlphaOne Investment Services LLC now owns 223,047 shares of the transportation company’s stock valued at $4,528,000 after acquiring an additional 2,389 shares during the last quarter. Sei Investments Co. boosted its holdings in Marten Transport by 109.8% in the third quarter. Sei Investments Co. now owns 6,198 shares of the transportation company’s stock valued at $127,000 after acquiring an additional 3,244 shares during the last quarter. Swiss National Bank boosted its holdings in Marten Transport by 6.1% in the fourth quarter. Swiss National Bank now owns 69,583 shares of the transportation company’s stock valued at $1,413,000 after acquiring an additional 4,000 shares during the last quarter. California Public Employees Retirement System boosted its holdings in Marten Transport by 4.6% in the fourth quarter. California Public Employees Retirement System now owns 112,604 shares of the transportation company’s stock valued at $2,286,000 after acquiring an additional 4,938 shares during the last quarter. Finally, Green Square Capital LLC boosted its holdings in Marten Transport by 39.2% in the third quarter. Green Square Capital LLC now owns 21,185 shares of the transportation company’s stock valued at $435,000 after acquiring an additional 5,969 shares during the last quarter. Institutional investors and hedge funds own 67.58% of the company’s stock.

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Marten Transport Company Profile

Marten Transport, Ltd. is a temperature-sensitive truckload carrier. The Company focuses on transporting and distributing food and other consumer-packaged goods that require a temperature-controlled or insulated environment. The Company operates through four segments: Truckload, Dedicated, Intermodal and Brokerage.

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