Marten Transport Ltd. (MRTN) Hits New 1-Year High at $22.22
Marten Transport Ltd. (NASDAQ:MRTN) shares reached a new 52-week high during mid-day trading on Friday . The company traded as high as $22.22 and last traded at $22.09, with a volume of 34,050 shares trading hands. The stock had previously closed at $21.93.
A number of research analysts have recently issued reports on MRTN shares. Zacks Investment Research lowered Marten Transport from a “hold” rating to a “sell” rating in a report on Wednesday, June 8th. 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 report on Friday, July 22nd.
The firm has a market cap of $718.76 million and a PE ratio of 21.70. The firm has a 50-day moving average price of $21.57 and a 200 day moving average price of $19.42.
Marten Transport (NASDAQ:MRTN) last announced its quarterly earnings results on Tuesday, July 19th. The company reported $0.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.25 by $0.01. The company earned $166.10 million during the quarter, compared to the consensus estimate of $168.17 million. On average, equities research analysts expect that Marten Transport Ltd. will post $1.00 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 27th. Investors of record on Tuesday, September 13th will be issued a $0.025 dividend. This represents a $0.10 annualized dividend and a dividend yield of 0.45%. The ex-dividend date of this dividend is Friday, September 9th.
In related news, Chairman Randolph L. Marten sold 100,000 shares of the firm’s stock in a transaction that occurred 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 filing with the SEC, which is accessible through the SEC website. Also, insider John H. Turner sold 1,275 shares of the firm’s stock in a transaction that occurred on Friday, August 5th. The stock was sold at an average price of $22.00, for a total value of $28,050.00. The disclosure for this sale can be found here.
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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