Marten Transport Ltd. (MRTN) Hits New 52-Week High at $22.22
Marten Transport Ltd. (NASDAQ:MRTN) shares reached a new 52-week high 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 recently weighed in on MRTN shares. Zacks Investment Research upgraded shares of Marten Transport from a “sell” rating to a “hold” rating in a research note on Friday, June 17th. Avondale Partners cut shares of Marten Transport from an “outperform” rating to a “market perform” rating and set a $22.00 target price on the stock. in a research note on Friday, July 22nd.
The company has a market cap of $718.76 million and a price-to-earnings ratio of 21.70. The company has a 50 day moving average of $21.58 and a 200 day moving average of $19.44.
Marten Transport (NASDAQ:MRTN) last issued its quarterly earnings results on Tuesday, July 19th. The company reported $0.26 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.25 by $0.01. The company had revenue of $166.10 million for the quarter, compared to analyst estimates of $168.17 million. On average, equities analysts forecast that Marten Transport Ltd. will post $1.00 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 27th. Shareholders of record on Tuesday, September 13th will be paid a dividend of $0.025 per share. The ex-dividend date is Friday, September 9th. This represents a $0.10 dividend on an annualized basis and a yield of 0.45%.
In other Marten Transport news, Chairman Randolph L. Marten sold 100,000 shares of the company’s stock in a transaction that occurred on Friday, July 29th. The shares were sold at an average price of $21.76, for a total transaction of $2,176,000.00. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider John H. Turner sold 1,275 shares of the company’s stock in a transaction that occurred on Friday, August 5th. The shares were sold at an average price of $22.00, for a total transaction 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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