Dynamic Technology Lab Private Ltd Takes Position in Marten Transport, Ltd. $MRTN

Dynamic Technology Lab Private Ltd purchased a new stake in shares of Marten Transport, Ltd. (NASDAQ:MRTN) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 72,780 shares of the transportation company’s stock, valued at approximately $945,000. Dynamic Technology Lab Private Ltd owned 0.09% of Marten Transport at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of MRTN. Envestnet Asset Management Inc. grew its holdings in shares of Marten Transport by 5.1% during the 1st quarter. Envestnet Asset Management Inc. now owns 120,101 shares of the transportation company’s stock worth $1,648,000 after acquiring an additional 5,874 shares during the period. Avantax Advisory Services Inc. lifted its position in Marten Transport by 10.4% during the first quarter. Avantax Advisory Services Inc. now owns 27,603 shares of the transportation company’s stock valued at $379,000 after buying an additional 2,593 shares during the period. Heartland Advisors Inc. boosted its holdings in shares of Marten Transport by 100.0% during the 1st quarter. Heartland Advisors Inc. now owns 300,000 shares of the transportation company’s stock valued at $4,116,000 after buying an additional 150,000 shares in the last quarter. US Bancorp DE boosted its holdings in shares of Marten Transport by 2.1% during the 1st quarter. US Bancorp DE now owns 268,961 shares of the transportation company’s stock valued at $3,690,000 after buying an additional 5,536 shares in the last quarter. Finally, PNC Financial Services Group Inc. grew its position in shares of Marten Transport by 44.6% in the 1st quarter. PNC Financial Services Group Inc. now owns 7,428 shares of the transportation company’s stock worth $102,000 after buying an additional 2,291 shares during the period. 69.12% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages recently issued reports on MRTN. Weiss Ratings reissued a “sell (d)” rating on shares of Marten Transport in a research report on Monday. Wall Street Zen lowered Marten Transport from a “hold” rating to a “sell” rating in a research report on Saturday, August 30th. One investment analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $19.00.

Marten Transport Stock Up 4.5%

NASDAQ MRTN opened at $9.84 on Friday. Marten Transport, Ltd. has a 52 week low of $9.35 and a 52 week high of $17.54. The company has a market capitalization of $802.16 million, a P/E ratio of 41.00 and a beta of 0.94. The stock’s 50-day moving average price is $10.40 and its 200-day moving average price is $11.93.

Marten Transport (NASDAQ:MRTN) last released its earnings results on Thursday, October 23rd. The transportation company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by ($0.01). Marten Transport had a return on equity of 2.52% and a net margin of 2.14%.The firm had revenue of $194.00 million during the quarter, compared to analysts’ expectations of $230.38 million. During the same period in the prior year, the company posted $0.05 earnings per share. The company’s revenue was down 7.1% compared to the same quarter last year. Research analysts anticipate that Marten Transport, Ltd. will post 0.41 EPS for the current year.

About Marten Transport

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.