Teachers Advisors LLC raised its stake in Marten Transport, Ltd. (NASDAQ:MRTN) by 2.4% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 41,588 shares of the transportation company’s stock after purchasing an additional 981 shares during the quarter. Teachers Advisors LLC owned about 0.08% of Marten Transport worth $1,140,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. PNC Financial Services Group Inc. raised its stake in shares of Marten Transport by 2.4% in the 1st quarter. PNC Financial Services Group Inc. now owns 4,688 shares of the transportation company’s stock valued at $111,000 after acquiring an additional 108 shares during the period. SG Americas Securities LLC purchased a new position in shares of Marten Transport in the 2nd quarter valued at $116,000. State of Alaska Department of Revenue raised its stake in shares of Marten Transport by 78.9% in the 2nd quarter. State of Alaska Department of Revenue now owns 4,580 shares of the transportation company’s stock valued at $125,000 after acquiring an additional 2,020 shares during the period. BNP Paribas Arbitrage SA raised its stake in shares of Marten Transport by 60.4% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 8,013 shares of the transportation company’s stock valued at $220,000 after acquiring an additional 3,017 shares during the period. Finally, Municipal Employees Retirement System of Michigan raised its stake in shares of Marten Transport by 66.4% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 8,720 shares of the transportation company’s stock valued at $239,000 after acquiring an additional 3,480 shares during the period. Institutional investors own 43.53% of the company’s stock.

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A number of equities analysts have recently commented on the stock. Stifel Nicolaus reissued a “hold” rating and issued a $15.00 target price on shares of Marten Transport in a research note on Sunday, October 1st. ValuEngine raised shares of Marten Transport from a “hold” rating to a “buy” rating in a research note on Tuesday, July 11th. BidaskClub raised shares of Marten Transport from a “sell” rating to a “hold” rating in a research note on Wednesday, August 16th. Finally, Zacks Investment Research raised shares of Marten Transport from a “hold” rating to a “buy” rating and set a $18.00 target price on the stock in a research note on Saturday, August 19th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $19.00.

Marten Transport, Ltd. (NASDAQ MRTN) opened at 19.65 on Wednesday. Marten Transport, Ltd. has a 52 week low of $11.94 and a 52 week high of $21.15. The stock has a 50 day moving average of $19.30 and a 200-day moving average of $16.69. The stock has a market cap of $1.07 billion, a P/E ratio of 31.59 and a beta of 1.32.

Marten Transport (NASDAQ:MRTN) last posted its earnings results on Thursday, October 19th. The transportation company reported $0.14 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.13 by $0.01. The company had revenue of $170.70 million during the quarter, compared to the consensus estimate of $169.67 million. Marten Transport had a net margin of 4.87% and a return on equity of 7.45%. The company’s revenue for the quarter was up .1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.26 earnings per share. Analysts forecast that Marten Transport, Ltd. will post $0.62 earnings per share for the current year.

Marten Transport 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.

Institutional Ownership by Quarter for Marten Transport (NASDAQ:MRTN)

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