Next Century Growth Investors LLC cut its holdings in Marten Transport, Ltd (NASDAQ:MRTN) by 28.1% in the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 423,358 shares of the transportation company’s stock after selling 165,391 shares during the period. Marten Transport accounts for about 1.3% of Next Century Growth Investors LLC’s holdings, making the stock its 29th biggest position. Next Century Growth Investors LLC owned 0.78% of Marten Transport worth $9,652,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. BlackRock Inc. grew its stake in shares of Marten Transport by 10.5% during the 4th quarter. BlackRock Inc. now owns 5,262,557 shares of the transportation company’s stock valued at $106,829,000 after buying an additional 499,269 shares during the period. Clearbridge LLC grew its stake in shares of Marten Transport by 10.4% during the 4th quarter. Clearbridge LLC now owns 845,774 shares of the transportation company’s stock valued at $17,169,000 after buying an additional 79,360 shares during the period. First Trust Advisors LP purchased a new stake in shares of Marten Transport during the 4th quarter valued at $1,810,000. AlphaOne Investment Services LLC grew its stake in shares of Marten Transport by 1.1% during the 4th quarter. AlphaOne Investment Services LLC now owns 223,047 shares of the transportation company’s stock valued at $4,528,000 after buying an additional 2,389 shares during the period. Finally, California Public Employees Retirement System grew its stake in shares of Marten Transport by 4.6% during the 4th quarter. California Public Employees Retirement System now owns 112,604 shares of the transportation company’s stock valued at $2,286,000 after buying an additional 4,938 shares during the period. Institutional investors own 68.10% of the company’s stock.

Marten Transport traded down $0.10, reaching $22.50, during trading on Thursday, MarketBeat reports. 900 shares of the company’s stock were exchanged, compared to its average volume of 295,843. Marten Transport, Ltd has a 52-week low of $15.31 and a 52-week high of $29.60. The stock has a market cap of $1.23 billion, a price-to-earnings ratio of 36.29 and a beta of 1.40.

Marten Transport (NASDAQ:MRTN) last announced its quarterly earnings results on Thursday, April 19th. The transportation company reported $0.19 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.19. Marten Transport had a net margin of 12.98% and a return on equity of 7.27%. The firm had revenue of $187.00 million during the quarter, compared to analysts’ expectations of $188.70 million. During the same period in the prior year, the company earned $0.25 EPS. The firm’s revenue was up 8.0% on a year-over-year basis. analysts predict that Marten Transport, Ltd will post 0.92 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 29th. Investors of record on Friday, June 15th will be given a dividend of $0.025 per share. The ex-dividend date of this dividend is Thursday, June 14th. This represents a $0.10 dividend on an annualized basis and a yield of 0.44%. Marten Transport’s dividend payout ratio (DPR) is 16.13%.

In other Marten Transport news, VP James J. Hinnendael purchased 7,500 shares of the firm’s stock in a transaction that occurred on Wednesday, April 25th. The stock was purchased at an average cost of $19.98 per share, with a total value of $149,850.00. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. 22.90% of the stock is currently owned by corporate insiders.

Several analysts have recently issued reports on the stock. Zacks Investment Research raised shares of Marten Transport from a “hold” rating to a “buy” rating and set a $25.00 price objective for the company in a research note on Friday, March 30th. ValuEngine raised shares of Marten Transport from a “hold” rating to a “buy” rating in a research note on Thursday, March 22nd. BidaskClub raised shares of Marten Transport from a “hold” rating to a “buy” rating in a research note on Wednesday, March 14th. Finally, Stephens cut shares of Marten Transport from an “overweight” rating to an “equal weight” rating in a research note on Friday, April 20th. Three analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $25.25.

Marten Transport Company Profile

Marten Transport, Ltd. operates as a temperature-sensitive truckload carrier for shippers in the United States, Canada, and Mexico. It operates through four segments: Truckload, Dedicated, Intermodal, and Brokerage. The Truckload segment transports food and other consumer packaged goods that require a temperature-controlled or insulated environment.

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

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