JPMorgan Chase & Co. Grows Position in Marten Transport, Ltd. (NASDAQ:MRTN)

JPMorgan Chase & Co. raised its stake in shares of Marten Transport, Ltd. (NASDAQ:MRTN - Free Report) by 27.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 875,304 shares of the transportation company's stock after buying an additional 189,996 shares during the period. JPMorgan Chase & Co. owned about 1.07% of Marten Transport worth $13,663,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of MRTN. WINTON GROUP Ltd increased its stake in shares of Marten Transport by 19.8% in the 4th quarter. WINTON GROUP Ltd now owns 66,505 shares of the transportation company's stock worth $1,038,000 after purchasing an additional 10,995 shares in the last quarter. Nuance Investments LLC lifted its position in shares of Marten Transport by 21.7% in the fourth quarter. Nuance Investments LLC now owns 3,196,811 shares of the transportation company's stock worth $49,902,000 after buying an additional 569,700 shares in the last quarter. LPL Financial LLC raised its holdings in shares of Marten Transport by 7.3% during the 4th quarter. LPL Financial LLC now owns 33,447 shares of the transportation company's stock worth $522,000 after acquiring an additional 2,267 shares in the last quarter. Fox Run Management L.L.C. bought a new position in Marten Transport during the fourth quarter valued at $430,000. Finally, KLP Kapitalforvaltning AS purchased a new position in Marten Transport in the fourth quarter worth about $181,000. Institutional investors own 69.12% of the company's stock.

Analysts Set New Price Targets

Separately, Stephens raised their price target on 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

Marten Transport stock traded up $0.37 during trading hours on Thursday, hitting $13.20. The company had a trading volume of 110,084 shares, compared to its average volume of 453,114. The firm has a market cap of $1.08 billion, a P/E ratio of 38.82 and a beta of 1.01. The company has a 50-day moving average price of $14.04 and a two-hundred day moving average price of $15.57. Marten Transport, Ltd. has a 1 year low of $12.52 and a 1 year high of $19.26.

Marten Transport (NASDAQ:MRTN - Get Free Report) last released its quarterly earnings data on Wednesday, April 16th. The transportation company reported $0.05 earnings per share for the quarter, meeting the consensus estimate of $0.05. Marten Transport had a return on equity of 3.52% and a net margin of 2.79%. The firm had revenue of $223.15 million during the quarter, compared to the consensus estimate of $228.79 million. As a group, equities research analysts anticipate that Marten Transport, Ltd. will post 0.41 EPS for the current year.

Marten Transport Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 1.82%. The ex-dividend date of this dividend was Friday, March 14th. Marten Transport's payout ratio is currently 70.59%.

About Marten Transport

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.