Victory Capital Management Inc. boosted its position in Marten Transport, Ltd. (NASDAQ:MRTN - Free Report) by 0.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,071,568 shares of the transportation company's stock after buying an additional 23,201 shares during the quarter. Victory Capital Management Inc. owned approximately 5.00% of Marten Transport worth $63,557,000 at the end of the most recent reporting period.
Other institutional investors have also recently bought and sold shares of the company. Confluence Investment Management LLC grew its position in Marten Transport by 0.5% in the 4th quarter. Confluence Investment Management LLC now owns 154,916 shares of the transportation company's stock worth $2,418,000 after purchasing an additional 754 shares during the last quarter. KBC Group NV boosted its stake in shares of Marten Transport by 54.6% in the 3rd quarter. KBC Group NV now owns 3,376 shares of the transportation company's stock valued at $60,000 after purchasing an additional 1,192 shares in the last quarter. Keybank National Association OH boosted its position in Marten Transport by 5.5% in the fourth quarter. Keybank National Association OH now owns 24,006 shares of the transportation company's stock valued at $375,000 after buying an additional 1,258 shares in the last quarter. Nisa Investment Advisors LLC grew its position in Marten Transport by 24.3% during the 3rd quarter. Nisa Investment Advisors LLC now owns 6,587 shares of the transportation company's stock worth $117,000 after acquiring an additional 1,289 shares during the last quarter. Finally, Franklin Resources Inc. raised its position in Marten Transport by 5.2% in the 3rd quarter. Franklin Resources Inc. now owns 31,148 shares of the transportation company's stock valued at $521,000 after purchasing an additional 1,526 shares during the last quarter. Institutional investors own 69.12% of the company's stock.
Analyst Upgrades and Downgrades
Separately, Stephens increased their price objective on Marten Transport from $18.00 to $19.00 and gave the company an "overweight" rating in a research report on Tuesday, January 28th.
Read Our Latest Stock Analysis on Marten Transport
Marten Transport Stock Performance
MRTN stock traded up $0.10 during mid-day trading on Monday, hitting $14.46. 17,473 shares of the company were exchanged, compared to its average volume of 391,640. The firm has a market cap of $1.18 billion, a P/E ratio of 42.52 and a beta of 0.84. Marten Transport, Ltd. has a 1-year low of $14.17 and a 1-year high of $19.26. The firm's 50 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 data on Monday, January 27th. The transportation company reported $0.07 earnings per share for the quarter, topping the consensus estimate 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, equities research analysts predict that Marten Transport, Ltd. will post 0.41 EPS 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 issued a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 1.66%. The ex-dividend date is Friday, March 14th. Marten Transport's payout ratio is presently 70.59%.
Marten Transport Company Profile
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Free Report)
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.
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