Marten Transport (MRTN) Downgraded to Equal Weight at Stephens

Stephens cut shares of Marten Transport (NASDAQ:MRTN) from an overweight rating to an equal weight rating in a research note published on Friday, MarketBeat.com reports.

MRTN has been the subject of several other reports. Zacks Investment Research raised shares of Marten Transport from a hold rating to a buy rating and set a $24.00 price objective for the company in a research report on Saturday, January 20th. BidaskClub raised shares of Marten Transport from a hold rating to a buy rating in a research report on Tuesday, January 16th. Finally, Stifel Nicolaus reaffirmed a hold rating and issued a $20.00 price target on shares of Marten Transport in a research report on Thursday, April 5th. Three investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. Marten Transport presently has an average rating of Buy and a consensus target price of $25.25.

Marten Transport stock opened at $20.80 on Friday. The stock has a market capitalization of $1,162.29, a price-to-earnings ratio of 33.55 and a beta of 1.37. Marten Transport has a 1 year low of $14.14 and a 1 year high of $29.60.

Marten Transport (NASDAQ:MRTN) last released its quarterly earnings data on Thursday, April 19th. The transportation company reported $0.19 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.19. The company had revenue of $187.00 million during the quarter, compared to analysts’ expectations of $188.70 million. Marten Transport had a net margin of 12.98% and a return on equity of 7.27%. The firm’s quarterly revenue was up 8.0% on a year-over-year basis. During the same period in the previous year, the company earned $0.25 EPS. equities research analysts anticipate that Marten Transport will post 0.92 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, March 30th. Stockholders of record on Monday, March 19th were given a $0.025 dividend. The ex-dividend date of this dividend was Friday, March 16th. This represents a $0.10 annualized dividend and a dividend yield of 0.48%. Marten Transport’s payout ratio is presently 16.13%.

In other news, Director Thomas J. Winkel sold 6,250 shares of the company’s stock in a transaction that occurred on Thursday, February 22nd. The shares were 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 Securities & Exchange Commission, which is available at 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 stock was sold at an average price of $23.39, for a total transaction of $280,680.00. The disclosure for this sale can be found here. 22.90% of the stock is currently owned by corporate insiders.

Institutional investors and hedge funds have recently made changes to their positions in the company. Bogle Investment Management L P DE purchased a new stake in shares of Marten Transport in the 4th quarter worth approximately $220,000. Teacher Retirement System of Texas purchased a new stake in shares of Marten Transport in the 4th quarter worth approximately $284,000. Brown Advisory Securities LLC purchased a new stake in shares of Marten Transport in the 4th quarter worth approximately $305,000. Jefferies Group LLC lifted its position in shares of Marten Transport by 70.2% in the 4th quarter. Jefferies Group LLC now owns 18,748 shares of the transportation company’s stock worth $381,000 after purchasing an additional 7,732 shares during the period. Finally, MetLife Investment Advisors LLC purchased a new stake in shares of Marten Transport in the 4th quarter worth approximately $393,000. 67.88% of the stock is owned by hedge funds and other institutional investors.

WARNING: This article was originally reported by Ticker Report and is the property of of Ticker Report. If you are viewing this article on another site, it was copied illegally and republished in violation of United States & international copyright and trademark laws. The legal version of this article can be read at https://www.tickerreport.com/banking-finance/3383458/marten-transport-mrtn-downgraded-to-equal-weight-at-stephens.html.

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.

Receive News & Ratings for Marten Transport Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Marten Transport and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Markel Co.  Vice Chairman Steven A. Markel Sells 200 Shares
Markel Co. Vice Chairman Steven A. Markel Sells 200 Shares
Bottomline Technologies, Inc.  Director Peter Gibson Purchases 4,000 Shares
Bottomline Technologies, Inc. Director Peter Gibson Purchases 4,000 Shares
Old Dominion Freight Line  Director Leo H. Suggs Sells 800 Shares of Stock
Old Dominion Freight Line Director Leo H. Suggs Sells 800 Shares of Stock
Cara Therapeutics  SVP Frederique Ph.D. Menzaghi Sells 9,000 Shares
Cara Therapeutics SVP Frederique Ph.D. Menzaghi Sells 9,000 Shares
Analysts Set Nexeo Solutions  Price Target at $11.17
Analysts Set Nexeo Solutions Price Target at $11.17
Hologic, Inc.  Given Average Recommendation of “Hold” by Analysts
Hologic, Inc. Given Average Recommendation of “Hold” by Analysts


© 2006-2018 Ticker Report. Google+.