US Bancorp DE Has $4.11 Million Stock Holdings in Marten Transport, Ltd. (NASDAQ:MRTN)

US Bancorp DE lifted its position in shares of Marten Transport, Ltd. (NASDAQ:MRTN) by 3,788.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 263,425 shares of the transportation company’s stock after purchasing an additional 256,651 shares during the period. US Bancorp DE owned 0.32% of Marten Transport worth $4,112,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the company. Geneva Capital Management LLC increased its stake in shares of Marten Transport by 0.5% during the 3rd quarter. Geneva Capital Management LLC now owns 3,231,604 shares of the transportation company’s stock worth $57,199,000 after purchasing an additional 15,388 shares during the last quarter. Nuance Investments LLC increased its stake in shares of Marten Transport by 13.0% during the 3rd quarter. Nuance Investments LLC now owns 2,627,111 shares of the transportation company’s stock worth $46,500,000 after purchasing an additional 303,132 shares during the last quarter. State Street Corp increased its stake in shares of Marten Transport by 0.6% during the 3rd quarter. State Street Corp now owns 2,339,644 shares of the transportation company’s stock worth $41,412,000 after purchasing an additional 14,088 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Marten Transport by 1.1% during the 3rd quarter. Geode Capital Management LLC now owns 1,410,882 shares of the transportation company’s stock worth $24,977,000 after purchasing an additional 14,951 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of Marten Transport by 4.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 940,431 shares of the transportation company’s stock worth $16,646,000 after purchasing an additional 38,990 shares during the last quarter. 69.12% of the stock is currently owned by institutional investors and hedge funds.

Marten Transport Stock Performance

Shares of MRTN opened at $14.27 on Thursday. Marten Transport, Ltd. has a 52 week low of $14.17 and a 52 week high of $19.34. The firm has a market cap of $1.16 billion, a P/E ratio of 41.97 and a beta of 0.83. The firm’s 50-day simple moving average is $15.38 and its 200 day simple moving average is $16.39.

Marten Transport (NASDAQ:MRTN) last announced its quarterly earnings results on Monday, January 27th. The transportation company reported $0.07 EPS for the quarter, beating analysts’ consensus estimates of $0.06 by $0.01. Marten Transport had a net margin of 2.79% and a return on equity of 3.52%. As a group, equities analysts forecast that Marten Transport, Ltd. will post 0.41 earnings per share for the current year.

Marten Transport Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be issued a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 1.68%. The ex-dividend date of this dividend is Friday, March 14th. Marten Transport’s dividend payout ratio is currently 70.59%.

Wall Street Analyst Weigh In

Separately, Stephens boosted their price objective on shares of Marten Transport from $18.00 to $19.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 28th.

Marten Transport Company Profile

Marten Transport, Ltd. operates as a temperature-sensitive truckload carrier for shippers in the United State, Mexico, and Canada. The company operates through four segments: Truckload, Dedicated, Intermodal, and Brokerage. The Truckload segment transports food and other consumer packaged goods that require a temperature-controlled or insulated environment, as well as dry freight; and regional short-haul and medium-to-long-haul full-load transportation services.