Marten Transport’s (MRTN) “Hold” Rating Reaffirmed at Stifel Nicolaus

Stifel Nicolaus reissued their hold rating on shares of Marten Transport (NASDAQ:MRTN) in a report published on Thursday, MarketBeat reports. They currently have a $20.00 price objective on the transportation company’s stock.

Several other analysts have also issued reports on MRTN. Zacks Investment Research lowered Marten Transport from a buy rating to a hold rating in a report on Thursday. BidaskClub raised Marten Transport from a buy rating to a strong-buy rating in a report on Wednesday, March 21st. Stephens reissued a buy rating and set a $25.00 price target on shares of Marten Transport in a report on Wednesday, January 10th. Seaport Global Securities raised Marten Transport from a neutral rating to a buy rating and set a $30.00 price objective for the company in a research note on Friday, January 26th. Finally, ValuEngine raised Marten Transport from a hold rating to a buy rating in a research note on Thursday, March 22nd. One analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. Marten Transport has an average rating of Buy and a consensus target price of $25.25.

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NASDAQ:MRTN opened at $22.15 on Thursday. Marten Transport has a 52-week low of $12.99 and a 52-week high of $29.60. The stock has a market cap of $1,208.66, a price-to-earnings ratio of 35.73 and a beta of 1.37.

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

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 30th. Stockholders of record on Monday, March 19th were paid a $0.025 dividend. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.45%. The ex-dividend date was Friday, March 16th. Marten Transport’s dividend payout ratio (DPR) is 16.13%.

In other news, Director Thomas J. Winkel sold 6,250 shares of the company’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $22.55, for a total value of $140,937.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Larry B. Hagness sold 12,000 shares of the company’s stock in a transaction dated Friday, February 2nd. The stock was 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.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Sei Investments Co. boosted its stake in shares of Marten Transport by 109.8% in the third quarter. Sei Investments Co. now owns 6,198 shares of the transportation company’s stock worth $127,000 after acquiring an additional 3,244 shares during the period. Bogle Investment Management L P DE bought a new position in shares of Marten Transport in the fourth quarter worth about $220,000. First Republic Investment Management Inc. purchased a new stake in shares of Marten Transport in the third quarter worth about $229,000. First Allied Advisory Services Inc. purchased a new stake in shares of Marten Transport in the third quarter worth about $237,000. Finally, Teacher Retirement System of Texas purchased a new stake in shares of Marten Transport in the fourth quarter worth about $284,000. 67.58% of the stock is owned by hedge funds and other institutional investors.

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About Marten Transport

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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