Marten Transport (NASDAQ:MRTN) Sets New 1-Year Low – Here’s What Happened

Marten Transport, Ltd. (NASDAQ:MRTN) shares reached a new 52-week low on Tuesday . The stock traded as low as $14.07 and last traded at $14.12, with a volume of 97583 shares traded. The stock had previously closed at $14.35.

Analyst Upgrades and Downgrades

Separately, Stephens lifted their price target on shares of Marten Transport from $18.00 to $19.00 and gave the company an “overweight” rating in a report on Tuesday, January 28th.

Marten Transport Stock Performance

The company’s 50-day moving average is $15.28 and its 200-day moving average is $16.31. The firm has a market cap of $1.14 billion, a price-to-earnings ratio of 41.21 and a beta of 0.84.

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

Marten Transport Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be given a $0.06 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.24 annualized dividend and a dividend yield of 1.71%. Marten Transport’s dividend payout ratio is currently 70.59%.

Institutional Investors Weigh In On Marten Transport

A number of institutional investors and hedge funds have recently added to or reduced their stakes in MRTN. JPMorgan Chase & Co. grew its position in shares of Marten Transport by 22.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 685,308 shares of the transportation company’s stock worth $12,130,000 after buying an additional 126,150 shares during the period. Hodges Capital Management Inc. raised its position in shares of Marten Transport by 158.0% during the fourth quarter. Hodges Capital Management Inc. now owns 303,200 shares of the transportation company’s stock worth $4,732,000 after purchasing an additional 185,700 shares during the period. Barclays PLC lifted its holdings in shares of Marten Transport by 140.3% during the 3rd quarter. Barclays PLC now owns 136,498 shares of the transportation company’s stock valued at $2,416,000 after purchasing an additional 79,689 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of Marten Transport by 4.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 940,431 shares of the transportation company’s stock valued at $16,646,000 after purchasing an additional 38,990 shares during the period. Finally, BNP Paribas Financial Markets increased its stake in Marten Transport by 120.6% during the 3rd quarter. BNP Paribas Financial Markets now owns 138,508 shares of the transportation company’s stock worth $2,452,000 after purchasing an additional 75,721 shares in the last quarter. Institutional investors own 69.12% of the company’s stock.

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.