AlphaQuest LLC trimmed its holdings in Marten Transport, Ltd. (NASDAQ:MRTN - Free Report) by 53.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 21,047 shares of the transportation company's stock after selling 24,199 shares during the quarter. AlphaQuest LLC's holdings in Marten Transport were worth $329,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently bought and sold shares of MRTN. Confluence Investment Management LLC boosted its stake in shares of Marten Transport by 0.5% during the fourth quarter. Confluence Investment Management LLC now owns 154,916 shares of the transportation company's stock worth $2,418,000 after buying an additional 754 shares during the period. KBC Group NV lifted its position in Marten Transport by 54.6% during the 3rd quarter. KBC Group NV now owns 3,376 shares of the transportation company's stock worth $60,000 after acquiring an additional 1,192 shares during the period. Keybank National Association OH grew its stake in shares of Marten Transport by 5.5% in the 4th quarter. Keybank National Association OH now owns 24,006 shares of the transportation company's stock valued at $375,000 after purchasing an additional 1,258 shares during the last quarter. Franklin Resources Inc. increased its holdings in shares of Marten Transport by 5.2% in the third quarter. Franklin Resources Inc. now owns 31,148 shares of the transportation company's stock valued at $521,000 after purchasing an additional 1,526 shares during the period. Finally, Y Intercept Hong Kong Ltd raised its stake in shares of Marten Transport by 11.4% during the fourth quarter. Y Intercept Hong Kong Ltd now owns 18,760 shares of the transportation company's stock worth $293,000 after purchasing an additional 1,916 shares during the last quarter. Hedge funds and other institutional investors own 69.12% of the company's stock.
Wall Street Analysts Forecast Growth
Separately, Stephens boosted their price objective on shares of Marten Transport from $18.00 to $19.00 and gave the company an "overweight" rating in a research note on Tuesday, January 28th.
Read Our Latest Stock Report on MRTN
Marten Transport Stock Down 0.3 %
Shares of Marten Transport stock traded down $0.04 during trading on Tuesday, reaching $13.84. The company's stock had a trading volume of 849,424 shares, compared to its average volume of 374,055. The business has a 50 day moving average price of $15.10 and a 200-day moving average price of $16.18. The company has a market capitalization of $1.13 billion, a P/E ratio of 40.71 and a beta of 0.84. Marten Transport, Ltd. has a 12-month low of $13.52 and a 12-month high of $19.26.
Marten Transport (NASDAQ:MRTN - Get Free Report) last announced its quarterly earnings results on Monday, January 27th. The transportation company reported $0.07 EPS for the quarter, topping the consensus estimate of $0.06 by $0.01. Marten Transport had a return on equity of 3.52% and a net margin of 2.79%. Research analysts predict that Marten Transport, Ltd. will post 0.41 EPS for the current fiscal year.
Marten Transport Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be paid a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 1.73%. The ex-dividend date is Friday, March 14th. Marten Transport's payout ratio is currently 70.59%.
Marten Transport Company Profile
(
Free Report)
Marten Transport, Ltd. operates as a temperature-sensitive truckload carrier for shippers in the United State, Mexico, and Canada. The company 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, as well as dry freight; and regional short-haul and medium-to-long-haul full-load transportation services.
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