Hodges Capital Management Inc. decreased its stake in shares of Marten Transport, Ltd (NASDAQ:MRTN) by 20.1% during the second quarter, according to its most recent filing with the SEC. The fund owned 443,237 shares of the transportation company’s stock after selling 111,340 shares during the period. Hodges Capital Management Inc. owned 0.81% of Marten Transport worth $12,145,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the stock. Wellington Management Group LLP boosted its stake in Marten Transport by 14.7% in the first quarter. Wellington Management Group LLP now owns 1,841,229 shares of the transportation company’s stock worth $43,177,000 after buying an additional 235,974 shares during the last quarter. Vanguard Group Inc. boosted its stake in Marten Transport by 7.7% in the first quarter. Vanguard Group Inc. now owns 1,232,866 shares of the transportation company’s stock worth $28,911,000 after buying an additional 87,941 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in Marten Transport by 4.5% in the first quarter. Bank of New York Mellon Corp now owns 1,148,132 shares of the transportation company’s stock worth $26,923,000 after buying an additional 49,123 shares during the last quarter. Goldman Sachs Group Inc. boosted its stake in Marten Transport by 814.8% in the first quarter. Goldman Sachs Group Inc. now owns 670,711 shares of the transportation company’s stock worth $15,729,000 after buying an additional 597,393 shares during the last quarter. Finally, State Street Corp boosted its stake in Marten Transport by 1.6% in the first quarter. State Street Corp now owns 618,852 shares of the transportation company’s stock worth $14,510,000 after buying an additional 9,638 shares during the last quarter. Institutional investors and hedge funds own 40.66% of the company’s stock.

Marten Transport, Ltd (NASDAQ:MRTN) opened at 16.40 on Tuesday. Marten Transport, Ltd has a 12-month low of $11.22 and a 12-month high of $17.90. The stock has a market cap of $894.03 million, a price-to-earnings ratio of 26.37 and a beta of 1.27. The firm’s 50-day moving average price is $16.34 and its 200-day moving average price is $14.88.

Marten Transport (NASDAQ:MRTN) last issued its quarterly earnings results on Thursday, July 20th. The transportation company reported $0.17 EPS for the quarter, topping analysts’ consensus estimates of $0.15 by $0.02. The business had revenue of $171.51 million during the quarter, compared to analysts’ expectations of $176.08 million. Marten Transport had a return on equity of 8.15% and a net margin of 5.33%. The business’s quarterly revenue was up 3.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.26 earnings per share. On average, equities analysts predict that Marten Transport, Ltd will post $0.63 EPS for the current fiscal year.

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MRTN has been the subject of several recent research reports. Zacks Investment Research lowered Marten Transport from a “hold” rating to a “sell” rating in a report on Wednesday, June 21st. ValuEngine raised Marten Transport from a “hold” rating to a “buy” rating in a report on Tuesday, July 11th. BidaskClub lowered Marten Transport from a “hold” rating to a “sell” rating in a report on Tuesday, August 1st. Finally, Stifel Nicolaus lifted their price objective on Marten Transport from $13.20 to $15.00 and gave the stock a “hold” rating in a report on Tuesday, April 25th. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company. Marten Transport currently has a consensus rating of “Hold” and an average target price of $17.00.

In other Marten Transport news, Chairman Randolph L. Marten sold 50,000 shares of the company’s stock in a transaction dated Tuesday, June 6th. The stock was sold at an average price of $25.51, for a total value of $1,275,500.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider John H. Turner sold 4,000 shares of the company’s stock in a transaction dated Tuesday, June 6th. The stock was sold at an average price of $25.59, for a total value of $102,360.00. The disclosure for this sale can be found here. Corporate insiders own 23.00% of the company’s stock.

Marten Transport Company Profile

Marten Transport, Ltd. is a temperature-sensitive truckload carrier. The Company focuses on 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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Institutional Ownership by Quarter for Marten Transport (NASDAQ:MRTN)

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