Marten Transport (NASDAQ:MRTN) Hits New 1-Year Low - What's Next?

Marten Transport, Ltd. (NASDAQ:MRTN - Get Free Report) reached a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $12.52 and last traded at $12.68, with a volume of 2046 shares. The stock had previously closed at $12.69.

Wall Street Analysts Forecast Growth

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

Marten Transport Stock Down 1.4 %

The firm has a market cap of $1.07 billion, a price-to-earnings ratio of 38.76 and a beta of 1.01. The company has a 50-day moving average price of $14.16 and a 200 day moving average price of $15.64.

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

Marten Transport Announces Dividend

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

Institutional Investors Weigh In On Marten Transport

A number of institutional investors have recently modified their holdings of the stock. Independence Bank of Kentucky acquired a new stake in Marten Transport during the fourth quarter valued at $40,000. Meeder Asset Management Inc. bought a new stake in shares of Marten Transport in the 4th quarter valued at approximately $42,000. Johnson Financial Group Inc. acquired a new position in Marten Transport in the fourth quarter worth approximately $48,000. Quantbot Technologies LP bought a new position in Marten Transport during the fourth quarter valued at approximately $100,000. Finally, Wedbush Securities Inc. acquired a new stake in Marten Transport in the fourth quarter valued at approximately $157,000. Institutional investors and hedge funds own 69.12% of the company's stock.

Marten Transport Company 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.