Marten Transport Ltd. (NASDAQ:MRTN) hit a new 52-week high during mid-day trading on Friday . The company traded as high as $22.09 and last traded at $21.98, with a volume of 52,620 shares traded. The stock had previously closed at $21.52.

MRTN has been the topic of a number of recent analyst reports. Zacks Investment Research lowered Marten Transport from a “hold” rating to a “sell” rating in a research report on Friday, June 24th. Stifel Nicolaus lowered Marten Transport from a “buy” rating to a “hold” rating and cut their target price for the stock from $20.00 to $18.00 in a research report on Thursday, April 7th. Finally, Avondale Partners lowered Marten Transport from an “outperform” rating to a “market perform” rating and set a $22.00 target price on the stock. in a research report on Friday, July 22nd.

The firm has a market cap of $713.60 million and a PE ratio of 21.55. The firm’s 50-day moving average is $20.88 and its 200-day moving average is $18.78.

Marten Transport (NASDAQ:MRTN) last released its quarterly earnings results on Tuesday, July 19th. The company reported $0.26 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.25 by $0.01. The business had revenue of $166.10 million for the quarter, compared to analyst estimates of $168.17 million. On average, equities research analysts predict that Marten Transport Ltd. will post $1.00 EPS for the current fiscal year.

In other Marten Transport news, Chairman Randolph L. Marten sold 100,000 shares of the stock in a transaction on Friday, July 29th. The stock was sold at an average price of $21.76, for a total value of $2,176,000.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP John H. Turner sold 2,400 shares of the stock in a transaction on Wednesday, May 25th. The shares were sold at an average price of $19.40, for a total value of $46,560.00. Following the completion of the transaction, the vice president now owns 25,913 shares in the company, valued at $502,712.20. The disclosure for this sale can be found here.

Other hedge funds and institutional investors have recently made changes to their positions in the company. First Trust Advisors LP raised its position in shares of Marten Transport by 1,119.2% in the fourth quarter. First Trust Advisors LP now owns 168,527 shares of the company’s stock worth $2,983,000 after buying an additional 154,704 shares during the last quarter. New York State Common Retirement Fund raised its position in shares of 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 worth $1,438,000 after buying an additional 6,617 shares during the last quarter. Finally, Rhumbline Advisers raised its position in shares of Marten Transport by 3.8% in the fourth quarter. Rhumbline Advisers now owns 63,863 shares of the company’s stock worth $1,130,000 after buying an additional 2,310 shares during 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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