Geneva Capital Management LLC Sells 91,324 Shares of Marten Transport, Ltd. (NASDAQ:MRTN)

Geneva Capital Management LLC cut its holdings in Marten Transport, Ltd. (NASDAQ:MRTN - Free Report) by 2.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 3,140,280 shares of the transportation company's stock after selling 91,324 shares during the period. Geneva Capital Management LLC owned 3.86% of Marten Transport worth $49,020,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in MRTN. Victory Capital Management Inc. grew its holdings in Marten Transport by 0.6% in the 4th quarter. Victory Capital Management Inc. now owns 4,071,568 shares of the transportation company's stock valued at $63,557,000 after buying an additional 23,201 shares during the last quarter. Nuance Investments LLC boosted its position in shares of Marten Transport by 13.0% in the third quarter. Nuance Investments LLC now owns 2,627,111 shares of the transportation company's stock valued at $46,500,000 after acquiring an additional 303,132 shares during the period. State Street Corp increased its position in Marten Transport by 0.6% during the third quarter. State Street Corp now owns 2,339,644 shares of the transportation company's stock worth $41,412,000 after acquiring an additional 14,088 shares during the period. Geode Capital Management LLC increased its position in Marten Transport by 1.1% during the third quarter. Geode Capital Management LLC now owns 1,410,882 shares of the transportation company's stock worth $24,977,000 after acquiring an additional 14,951 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its stake in Marten Transport by 8.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,024,117 shares of the transportation company's stock valued at $15,986,000 after purchasing an additional 83,686 shares during the last quarter. Institutional investors and hedge funds own 69.12% of the company's stock.

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Wall Street Analyst Weigh In

Separately, Stephens raised their price target on shares of Marten Transport from $18.00 to $19.00 and gave the stock an "overweight" rating in a research report on Tuesday, January 28th.

Marten Transport Stock Performance

Shares of NASDAQ:MRTN traded down $0.01 during trading on Monday, hitting $14.35. 561,481 shares of the stock were exchanged, compared to its average volume of 394,060. The company has a market capitalization of $1.17 billion, a price-to-earnings ratio of 42.21 and a beta of 0.84. Marten Transport, Ltd. has a 1-year low of $12.95 and a 1-year high of $19.26. The company's fifty day simple moving average is $15.30 and its 200-day simple moving average is $16.33.

Marten Transport (NASDAQ:MRTN - Get Free Report) last posted its quarterly earnings results on Monday, January 27th. The transportation company reported $0.07 earnings per share for the quarter, topping analysts' consensus estimates of $0.06 by $0.01. Marten Transport had a net margin of 2.79% and a return on equity of 3.52%. On average, research analysts forecast that Marten Transport, Ltd. will post 0.41 earnings per share for the current fiscal year.

Marten Transport Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be paid a $0.06 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.24 annualized dividend and a dividend yield of 1.67%. Marten Transport's dividend payout ratio is currently 70.59%.

Marten Transport Profile

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.