US Bancorp DE Boosts Holdings in Marten Transport, Ltd. (NASDAQ:MRTN)

US Bancorp DE increased its holdings in shares of Marten Transport, Ltd. (NASDAQ:MRTN - Free Report) by 3,788.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 263,425 shares of the transportation company's stock after purchasing an additional 256,651 shares during the period. US Bancorp DE owned 0.32% of Marten Transport worth $4,112,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. Bank of New York Mellon Corp boosted its stake in Marten Transport by 7.5% during the 4th quarter. Bank of New York Mellon Corp now owns 641,833 shares of the transportation company's stock worth $10,019,000 after purchasing an additional 44,525 shares during the period. Y Intercept Hong Kong Ltd lifted its stake in shares of Marten Transport by 11.4% in the 4th quarter. Y Intercept Hong Kong Ltd now owns 18,760 shares of the transportation company's stock worth $293,000 after acquiring an additional 1,916 shares during the period. Handelsbanken Fonder AB lifted its stake in shares of Marten Transport by 16.2% in the 4th quarter. Handelsbanken Fonder AB now owns 17,179 shares of the transportation company's stock worth $268,000 after acquiring an additional 2,400 shares during the period. Ieq Capital LLC acquired a new stake in shares of Marten Transport in the 4th quarter worth $172,000. Finally, Principal Financial Group Inc. lifted its stake in shares of Marten Transport by 2.9% in the 4th quarter. Principal Financial Group Inc. now owns 280,872 shares of the transportation company's stock worth $4,384,000 after acquiring an additional 8,040 shares during the period. Institutional investors and hedge funds own 69.12% of the company's stock.

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Marten Transport Stock Down 0.5 %

Shares of NASDAQ MRTN traded down $0.07 during midday trading on Friday, hitting $14.36. The company had a trading volume of 539,211 shares, compared to its average volume of 393,084. Marten Transport, Ltd. has a twelve month low of $14.17 and a twelve month high of $19.26. The business has a 50-day simple moving average of $15.30 and a two-hundred day simple moving average of $16.33. The firm has a market capitalization of $1.17 billion, a price-to-earnings ratio of 42.24 and a beta of 0.84.

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, beating the consensus estimate 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, 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 will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be paid a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 1.67%. The ex-dividend date of this dividend is Friday, March 14th. Marten Transport's dividend payout ratio (DPR) is 70.59%.

Analyst Upgrades and Downgrades

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 research note on Tuesday, January 28th.

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.