Marten Transport Lowered to Hold at StockNews.com. (NASDAQ:MRTN – Get Rating) was downgraded by investment analysts at StockNews.com from a “buy” rating to a “hold” rating in a report released on Friday.
Marten Transport Lowered to Hold at StockNews.com
Marten Transport stock traded up $0.52 during mid-day trading on Friday, hitting $20.95. The company’s stock had a trading volume of 342,037 shares, compared to its average volume of 266,832. The stock has a market cap of $1.70 billion, a price-to-earnings ratio of 15.52 and a beta of 0.88. The business has a 50 day moving average price of $21.65 and a 200-day moving average price of $20.52. Marten Transport has a 12 month low of $15.76 and a 12 month high of $23.43.
Marten Transport (NASDAQ:MRTN – Get Rating) last posted its quarterly earnings results on Tuesday, January 24th. The transportation company reported $0.31 earnings per share for the quarter, topping the consensus estimate of $0.30 by $0.01. The business had revenue of $322.58 million during the quarter, compared to the consensus estimate of $318.20 million. Marten Transport had a net margin of 8.73% and a return on equity of 16.38%. The firm’s revenue for the quarter was up 20.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.30 earnings per share. On average, equities research analysts expect that Marten Transport will post 1.33 earnings per share for the current fiscal year.
Insider Transactions at Marten Transport
In other news, Director Thomas J. Winkel sold 5,313 shares of Marten Transport stock in a transaction that occurred on Monday, March 20th. The stock was sold at an average price of $20.12, for a total value of $106,897.56. Following the sale, the director now directly owns 53,674 shares in the company, valued at approximately $1,079,920.88. The sale was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 22.50% of the company’s stock.
Institutional Investors Weigh In On Marten Transport
Large investors have recently made changes to their positions in the business. Jennison Associates LLC bought a new stake in shares of Marten Transport in the 3rd quarter worth approximately $698,000. Aviva PLC bought a new stake in shares of Marten Transport during the third quarter valued at approximately $1,531,000. Allspring Global Investments Holdings LLC boosted its position in shares of Marten Transport by 135.1% during the third quarter. Allspring Global Investments Holdings LLC now owns 11,486 shares of the transportation company’s stock valued at $220,000 after purchasing an additional 6,601 shares in the last quarter. Fox Run Management L.L.C. bought a new stake in shares of Marten Transport during the third quarter valued at approximately $202,000. Finally, Contravisory Investment Management Inc. bought a new stake in shares of Marten Transport during the fourth quarter valued at approximately $218,000. 68.27% of the stock is currently owned by institutional investors.
Marten Transport Company Profile
Marten Transport Ltd. engages in the provision of temperature-sensitive truckload carrier services. It operates through the following segments: Truckload, Dedicated, Intermodal and Brokerage. The Truckload segment includes transport of food and consumer packaged goods that require a temperature-controlled or insulated environment.
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