Marten Transport, Ltd. (MRTN) Shares Bought by Wells Fargo & Company MN

Wells Fargo & Company MN grew its holdings in shares of Marten Transport, Ltd. (NASDAQ:MRTN) by 19.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 69,669 shares of the transportation company’s stock after acquiring an additional 11,105 shares during the quarter. Wells Fargo & Company MN owned about 0.13% of Marten Transport worth $1,414,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the company. Swiss National Bank boosted its position in shares of Marten Transport by 6.1% during the 4th quarter. Swiss National Bank now owns 69,583 shares of the transportation company’s stock valued at $1,413,000 after acquiring an additional 4,000 shares during the last quarter. California Public Employees Retirement System boosted its position 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 acquiring an additional 4,938 shares during the last quarter. Aperio Group LLC boosted its position in shares of Marten Transport by 15.4% during the 4th quarter. Aperio Group LLC now owns 44,752 shares of the transportation company’s stock valued at $908,000 after acquiring an additional 5,972 shares during the last quarter. American International Group Inc. boosted its position in shares of Marten Transport by 76.3% during the 3rd quarter. American International Group Inc. now owns 30,833 shares of the transportation company’s stock valued at $634,000 after acquiring an additional 13,341 shares during the last quarter. Finally, Teacher Retirement System of Texas bought a new stake in shares of Marten Transport during the 4th quarter valued at about $284,000. Hedge funds and other institutional investors own 67.69% of the company’s stock.

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NASDAQ:MRTN opened at $23.35 on Friday. The company has a market capitalization of $1,298.70, a P/E ratio of 37.66 and a beta of 1.37. Marten Transport, Ltd. has a 1-year low of $13.08 and a 1-year high of $29.60.

Marten Transport (NASDAQ:MRTN) last released its earnings results on Thursday, April 19th. The transportation company reported $0.19 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.19. The company had revenue of $187.00 million during the quarter, compared to the consensus estimate of $188.70 million. Marten Transport had a return on equity of 7.17% and a net margin of 12.93%. Marten Transport’s quarterly revenue was up 8.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.25 EPS. analysts expect that Marten Transport, Ltd. will post 0.92 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, March 30th. Investors of record on Monday, March 19th were given a $0.025 dividend. The ex-dividend date of this dividend was Friday, March 16th. This represents a $0.10 dividend on an annualized basis and a yield of 0.43%. Marten Transport’s payout ratio is 16.13%.

A number of research firms recently weighed in on MRTN. ValuEngine upgraded Marten Transport from a “hold” rating to a “buy” rating in a research report on Thursday, March 22nd. BidaskClub upgraded Marten Transport from a “buy” rating to a “strong-buy” rating in a research report on Thursday. Zacks Investment Research upgraded Marten Transport from a “hold” rating to a “buy” rating and set a $27.00 target price for the company in a research report on Tuesday, March 20th. Finally, Stifel Nicolaus restated a “hold” rating and issued a $20.00 target price on shares of Marten Transport in a research report on Thursday, April 5th. One research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. Marten Transport currently has an average rating of “Buy” and an average target price of $25.25.

In other Marten Transport news, Director Larry B. Hagness sold 12,000 shares of Marten Transport stock in a transaction that occurred on Friday, February 2nd. The stock was sold at an average price of $23.39, for a total value of $280,680.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Thomas J. Winkel sold 6,250 shares of Marten Transport stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $22.55, for a total value of $140,937.50. The disclosure for this sale can be found here. Insiders own 22.90% of the company’s stock.

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

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