Marten Transport (NASDAQ:MRTN) Hits New 52-Week Low - What's Next?

Marten Transport, Ltd. (NASDAQ:MRTN - Get Free Report) shares reached a new 52-week low during mid-day trading on Thursday . The stock traded as low as $14.39 and last traded at $14.44, with a volume of 366076 shares traded. The stock had previously closed at $14.64.

Analysts Set New Price Targets

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

Marten Transport Stock Performance

The firm has a 50-day moving average of $15.43 and a 200-day moving average of $16.43. The firm has a market capitalization of $1.18 billion, a P/E ratio of 42.74 and a beta of 0.83.

Marten Transport (NASDAQ:MRTN - Get Free Report) last announced its quarterly earnings results on Monday, January 27th. The transportation company reported $0.07 earnings per share (EPS) for the quarter, beating 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%. On average, research analysts forecast that Marten Transport, Ltd. will post 0.41 EPS for the current fiscal year.

Marten Transport Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be paid a dividend of $0.06 per share. The ex-dividend date is Friday, March 14th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.65%. Marten Transport's dividend payout ratio is currently 70.59%.

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Institutional Trading of Marten Transport

Several hedge funds have recently bought and sold shares of MRTN. Victory Capital Management Inc. lifted its position in shares of Marten Transport by 0.6% during 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 in the last quarter. Geneva Capital Management LLC lifted its holdings in Marten Transport by 0.5% during the third quarter. Geneva Capital Management LLC now owns 3,231,604 shares of the transportation company's stock valued at $57,199,000 after purchasing an additional 15,388 shares in the last quarter. Nuance Investments LLC boosted 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 purchasing an additional 569,700 shares during the period. State Street Corp increased its stake in shares of Marten Transport by 0.6% in the third quarter. State Street Corp now owns 2,339,644 shares of the transportation company's stock worth $41,412,000 after purchasing an additional 14,088 shares in the last quarter. Finally, American Century Companies Inc. increased its stake in shares of Marten Transport by 10.8% in the fourth quarter. American Century Companies Inc. now owns 1,803,045 shares of the transportation company's stock worth $28,146,000 after purchasing an additional 175,059 shares in the last quarter. Institutional investors 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.