Prudential Financial Inc. raised its stake in shares of Marten Transport, Ltd. (NASDAQ:MRTN) by 110.5% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 85,982 shares of the transportation company’s stock after buying an additional 45,138 shares during the period. Prudential Financial Inc. owned about 0.16% of Marten Transport worth $1,767,000 as of its most recent SEC filing.
Several other large investors also recently modified their holdings of MRTN. Teachers Advisors LLC boosted its stake in shares of Marten Transport by 5.9% during the 1st quarter. Teachers Advisors LLC now owns 40,607 shares of the transportation company’s stock valued at $952,000 after buying an additional 2,265 shares during the period. Vanguard Group Inc. lifted its stake in shares of Marten Transport by 7.7% in the 1st quarter. Vanguard Group Inc. now owns 1,232,866 shares of the transportation company’s stock valued at $28,911,000 after purchasing an additional 87,941 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Marten Transport by 7.7% in the 1st quarter. Geode Capital Management LLC now owns 198,693 shares of the transportation company’s stock valued at $4,659,000 after purchasing an additional 14,143 shares during the last quarter. State Street Corp lifted its stake in shares of Marten Transport by 1.6% in the 1st quarter. State Street Corp now owns 618,852 shares of the transportation company’s stock valued at $14,510,000 after purchasing an additional 9,638 shares during the last quarter. Finally, State of Alaska Department of Revenue lifted 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 purchasing an additional 2,020 shares during the last quarter. 68.40% of the stock is owned by institutional investors.
Several equities research analysts recently issued reports on MRTN shares. Zacks Investment Research lowered shares of Marten Transport from a “buy” rating to a “hold” rating in a research note on Wednesday, September 6th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $15.00 price objective on shares of Marten Transport in a research note on Sunday, October 1st.
Marten Transport (NASDAQ:MRTN) last released its earnings results on Thursday, October 19th. The transportation company reported $0.14 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.13 by $0.01. The firm had revenue of $170.70 million during the quarter, compared to analyst estimates of $169.67 million. Marten Transport had a net margin of 4.87% and a return on equity of 7.45%. The business’s revenue was up .1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.26 EPS. research analysts predict that Marten Transport, Ltd. will post 0.62 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, December 29th. Shareholders of record on Friday, December 22nd were given a dividend of $0.025 per share. This represents a $0.10 dividend on an annualized basis and a yield of 0.49%. The ex-dividend date of this dividend was Thursday, December 21st. Marten Transport’s dividend payout ratio is 16.39%.
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.
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