Charles Schwab Investment Management Inc. raised its position in Marten Transport, Ltd. (NASDAQ:MRTN - Free Report) by 8.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,024,117 shares of the transportation company's stock after purchasing an additional 83,686 shares during the quarter. Charles Schwab Investment Management Inc. owned 1.26% of Marten Transport worth $15,986,000 as of its most recent SEC filing.
Several other institutional investors have also added to or reduced their stakes in MRTN. Confluence Investment Management LLC raised its holdings in shares of Marten Transport by 0.5% in 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 increased its stake in Marten Transport by 54.6% in the third quarter. KBC Group NV now owns 3,376 shares of the transportation company's stock worth $60,000 after purchasing an additional 1,192 shares during the period. Franklin Resources Inc. lifted its position in shares of Marten Transport by 5.2% during the third quarter. Franklin Resources Inc. now owns 31,148 shares of the transportation company's stock worth $521,000 after purchasing an additional 1,526 shares during the last quarter. Y Intercept Hong Kong Ltd boosted 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 valued at $293,000 after purchasing an additional 1,916 shares during the period. Finally, Hodges Capital Management Inc. grew its holdings in shares of Marten Transport by 2.1% in the third quarter. Hodges Capital Management Inc. now owns 117,500 shares of the transportation company's stock worth $2,080,000 after purchasing an additional 2,400 shares during the last quarter. Institutional investors own 69.12% of the company's stock.
Marten Transport Stock Performance
NASDAQ MRTN traded up $0.18 on Monday, reaching $13.93. 287,579 shares of the stock traded hands, compared to its average volume of 373,646. Marten Transport, Ltd. has a 12 month low of $13.45 and a 12 month high of $19.26. The company has a market cap of $1.13 billion, a price-to-earnings ratio of 40.97 and a beta of 0.84. The company has a fifty day moving average price of $14.97 and a 200-day moving average price of $16.08.
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, beating 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%. As a group, research analysts anticipate that Marten Transport, Ltd. will post 0.41 earnings per share for the current fiscal year.
Marten Transport Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be issued a $0.06 dividend. The ex-dividend date is Friday, March 14th. This represents a $0.24 annualized dividend and a dividend yield of 1.72%. Marten Transport's dividend payout ratio is currently 70.59%.
Wall Street Analyst Weigh In
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 report on Tuesday, January 28th.
Get Our Latest Stock Report on Marten Transport
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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