Campbell & CO Investment Adviser LLC Purchases New Shares in Marten Transport, Ltd. $MRTN

Campbell & CO Investment Adviser LLC acquired a new position in Marten Transport, Ltd. (NASDAQ:MRTN) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 44,174 shares of the transportation company’s stock, valued at approximately $574,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in MRTN. Fox Run Management L.L.C. grew its position in shares of Marten Transport by 6.9% in the 2nd quarter. Fox Run Management L.L.C. now owns 21,114 shares of the transportation company’s stock worth $274,000 after buying an additional 1,362 shares during the period. Bank of New York Mellon Corp lifted its position in Marten Transport by 6.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 670,811 shares of the transportation company’s stock valued at $8,714,000 after acquiring an additional 39,519 shares during the period. Bank of Montreal Can bought a new stake in Marten Transport during the second quarter worth about $154,000. Geneva Capital Management LLC grew its holdings in Marten Transport by 6.3% in the second quarter. Geneva Capital Management LLC now owns 3,355,193 shares of the transportation company’s stock worth $43,584,000 after purchasing an additional 199,690 shares during the period. Finally, Hantz Financial Services Inc. bought a new position in shares of Marten Transport during the second quarter valued at approximately $35,000. Hedge funds and other institutional investors own 69.12% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Wall Street Zen cut Marten Transport from a “hold” rating to a “sell” rating in a research report on Saturday, August 30th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Marten Transport in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $19.00.

Marten Transport Trading Down 0.1%

Shares of MRTN opened at $9.72 on Friday. The company has a market cap of $792.37 million, a price-to-earnings ratio of 40.50 and a beta of 0.94. The business’s fifty day simple moving average is $10.62 and its two-hundred day simple moving average is $12.04. Marten Transport, Ltd. has a 12 month low of $9.56 and a 12 month high of $17.54.

Marten Transport (NASDAQ:MRTN) last announced its quarterly earnings results on Thursday, October 23rd. The transportation company reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.01). Marten Transport had a net margin of 2.14% and a return on equity of 2.52%. The business had revenue of $194.00 million for the quarter, compared to the consensus estimate of $230.38 million. During the same period in the previous year, the company earned $0.05 earnings per share. The company’s revenue for the quarter was down 7.1% compared to the same quarter last year. As a group, research analysts forecast that Marten Transport, Ltd. will post 0.41 EPS for the current year.

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.