Marten Transport (MRTN) Stock Rating Upgraded by ValuEngine

Marten Transport (NASDAQ:MRTN) was upgraded by ValuEngine from a “hold” rating to a “buy” rating in a report released on Friday.

Several other research firms have also recently commented on MRTN. Zacks Investment Research raised shares of Marten Transport from a “hold” rating to a “buy” rating and set a $27.00 target price on the stock in a research report on Tuesday, March 20th. BidaskClub raised shares of Marten Transport from a “buy” rating to a “strong-buy” rating in a research report on Thursday, April 19th. Seaport Global Securities raised shares of Marten Transport from a “neutral” rating to a “buy” rating and set a $30.00 target price on the stock in a research report on Friday, January 26th. Stifel Nicolaus reissued a “hold” rating and set a $20.00 target price on shares of Marten Transport in a research report on Thursday, April 5th. Finally, Stephens cut shares of Marten Transport from an “overweight” rating to an “equal weight” rating in a research report on Friday, April 20th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Marten Transport presently has an average rating of “Buy” and an average price target of $25.25.

Marten Transport opened at $21.40 on Friday, MarketBeat reports. The stock has a market cap of $1.15 billion, a price-to-earnings ratio of 34.52 and a beta of 1.40. Marten Transport has a 52-week low of $14.22 and a 52-week high of $29.60.

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

In related news, Director Thomas J. Winkel sold 6,250 shares of Marten Transport stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $22.55, for a total value of $140,937.50. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, VP James J. Hinnendael purchased 7,500 shares of the stock in a transaction that occurred on Wednesday, April 25th. The stock was bought at an average cost of $19.98 per share, for a total transaction of $149,850.00. The disclosure for this purchase can be found here. 22.90% of the stock is owned by company insiders.

Several large investors have recently bought and sold shares of MRTN. Bogle Investment Management L P DE bought a new stake in shares of Marten Transport in the 4th quarter worth approximately $220,000. Trexquant Investment LP bought a new stake in shares of Marten Transport in the 1st quarter worth approximately $245,000. Engineers Gate Manager LP bought a new stake in shares of Marten Transport in the 1st quarter worth approximately $268,000. Teacher Retirement System of Texas bought a new stake in shares of Marten Transport in the 4th quarter worth approximately $284,000. Finally, Brown Advisory Securities LLC bought a new stake in shares of Marten Transport in the 4th quarter worth approximately $305,000. 67.21% of the stock is currently owned by institutional investors.

About Marten Transport

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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