Marten Transport, Ltd. $MRTN Shares Sold by Nuance Investments LLC

Nuance Investments LLC decreased its holdings in Marten Transport, Ltd. (NASDAQ:MRTN) by 88.6% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 546,871 shares of the transportation company’s stock after selling 4,263,549 shares during the quarter. Marten Transport comprises approximately 1.6% of Nuance Investments LLC’s portfolio, making the stock its 17th biggest holding. Nuance Investments LLC owned about 0.67% of Marten Transport worth $9,488,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Global Retirement Partners LLC grew its stake in shares of Marten Transport by 2,083.8% during the 4th quarter. Global Retirement Partners LLC now owns 2,555 shares of the transportation company’s stock worth $29,000 after purchasing an additional 2,438 shares during the period. CIBC Private Wealth Group LLC acquired a new stake in shares of Marten Transport in the third quarter valued at about $40,000. Farther Finance Advisors LLC boosted its holdings in Marten Transport by 3,553.8% during the fourth quarter. Farther Finance Advisors LLC now owns 3,873 shares of the transportation company’s stock worth $44,000 after buying an additional 3,767 shares in the last quarter. State of Wyoming purchased a new stake in Marten Transport during the first quarter worth about $68,000. Finally, Tower Research Capital LLC TRC grew its position in Marten Transport by 378.7% during the second quarter. Tower Research Capital LLC TRC now owns 5,610 shares of the transportation company’s stock worth $73,000 after buying an additional 4,438 shares during the period. Institutional investors and hedge funds own 69.12% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Stephens reduced their price target on shares of Marten Transport from $18.00 to $16.00 and set an “equal weight” rating for the company in a research report on Friday, July 24th. Weiss Ratings restated a “hold (c-)” rating on shares of Marten Transport in a report on Tuesday, June 30th. One research analyst has rated the stock with a Strong Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $16.00.

Marten Transport Trading Up 0.4%

NASDAQ:MRTN opened at $15.27 on Tuesday. The company has a market capitalization of $1.25 billion, a P/E ratio of 89.82 and a beta of 0.95. The firm has a 50-day moving average price of $16.59 and a two-hundred day moving average price of $15.06. Marten Transport, Ltd. has a twelve month low of $9.35 and a twelve month high of $18.48.

Marten Transport (NASDAQ:MRTN) last announced its quarterly earnings results on Thursday, July 23rd. The transportation company reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.08 by ($0.01). The business had revenue of $223.54 million during the quarter, compared to analysts’ expectations of $227.10 million. Marten Transport had a net margin of 1.47% and a return on equity of 1.65%. The firm’s revenue for the quarter was down 2.8% on a year-over-year basis. During the same period last year, the company earned $0.09 EPS. On average, equities research analysts predict that Marten Transport, Ltd. will post 0.27 earnings per share for the current year.

Marten Transport Company Profile

Marten Transport, Inc is a North American transportation services provider offering temperature-controlled and dry van truckload services. Founded in 1946 and headquartered in Mondovi, Wisconsin, the company specializes in full truckload, dedicated contract carriage, intermodal and port drayage solutions. Its core focus on refrigerated and produce freight has made it a key partner for food manufacturers, retailers and other shippers requiring strict temperature management.

The company maintains a modern fleet of tractors and trailers equipped with advanced telematics, electronic logging devices and continuous temperature monitoring.