Marten Transport Ltd. (MRTN) Reaches New 1-Year High at $22.09
Marten Transport Ltd. (NASDAQ:MRTN) shares reached a new 52-week high during trading on Thursday . The company traded as high as $22.09 and last traded at $21.69, with a volume of 73,877 shares. The stock had previously closed at $21.74.
A number of research analysts have recently commented on MRTN shares. Zacks Investment Research cut shares of Marten Transport from a “hold” rating to a “sell” rating in a report on Wednesday, March 23rd. Stifel Nicolaus cut shares of Marten Transport from a “buy” rating to a “hold” rating and cut their price target for the stock from $20.00 to $18.00 in a report on Thursday, April 7th.
The firm has a market cap of $699.36 million and a P/E ratio of 21.36. The stock has a 50-day moving average of $20.08 and a 200 day moving average of $18.27.
Marten Transport (NASDAQ:MRTN) last announced its earnings results on Thursday, April 21st. The company reported $0.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.23 by $0.02. During the same period last year, the firm earned $0.30 EPS. The business had revenue of $151.90 million for the quarter, compared to analyst estimates of $168.70 million. The company’s revenue for the quarter was up 9.0% compared to the same quarter last year. On average, equities analysts anticipate that Marten Transport Ltd. will post $1.03 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 28th. Shareholders of record on Tuesday, June 14th were paid a dividend of $0.025 per share. The ex-dividend date of this dividend was Friday, June 10th. This represents a $0.10 annualized dividend and a yield of 0.46%.
In other Marten Transport news, CEO Randolph L. Marten sold 40,000 shares of Marten Transport stock in a transaction on Tuesday, May 24th. The shares were sold at an average price of $19.27, for a total transaction of $770,800.00. Following the sale, the chief executive officer now owns 7,283,921 shares of the company’s stock, valued at approximately $140,361,157.67. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Randolph L. Marten sold 60,000 shares of Marten Transport stock in a transaction on Thursday, April 28th. The stock was sold at an average price of $19.21, for a total value of $1,152,600.00. Following the transaction, the chief executive officer now owns 7,339,171 shares in the company, valued at approximately $140,985,474.91. The disclosure for this sale can be found here.
Several hedge funds and institutional investors recently bought and sold shares of MRTN. Sei Investments Co. raised its position in Marten Transport by 1.2% in the fourth quarter. Sei Investments Co. now owns 100,074 shares of the company’s stock valued at $1,772,000 after buying an additional 1,165 shares in the last quarter. American Century Companies Inc. raised its position in Marten Transport by 0.7% in the fourth quarter. American Century Companies Inc. now owns 306,765 shares of the company’s stock valued at $5,430,000 after buying an additional 2,250 shares in the last quarter. Rhumbline Advisers raised its position in Marten Transport by 3.8% in the fourth quarter. Rhumbline Advisers now owns 63,863 shares of the company’s stock valued at $1,130,000 after buying an additional 2,310 shares in the last quarter. New York State Common Retirement Fund raised its position in Marten Transport by 8.9% in the fourth quarter. New York State Common Retirement Fund now owns 81,243 shares of the company’s stock valued at $1,438,000 after buying an additional 6,617 shares in the last quarter. Finally, Nationwide Fund Advisors raised its position in Marten Transport by 18.5% in the fourth quarter. Nationwide Fund Advisors now owns 198,262 shares of the company’s stock valued at $3,509,000 after buying an additional 30,988 shares in the last quarter.
Marten Transport, Ltd. is a national protective service transportation company. It is a temperature-sensitive truckload carrier. The Company specializes in transporting and distributing food and other consumer-packaged goods that require a temperature-controlled or insulated environment. The Company operates through four segments: Truckload, Dedicated, Intermodal and Brokerage.
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