Marten Transport, Ltd. (NASDAQ:MRTN) Shares Sold by Wellington Management Group LLP

Wellington Management Group LLP lessened its holdings in Marten Transport, Ltd. (NASDAQ:MRTN - Free Report) by 6.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 575,935 shares of the transportation company's stock after selling 42,914 shares during the period. Wellington Management Group LLP owned about 0.71% of Marten Transport worth $8,990,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of the business. FMR LLC increased its position in shares of Marten Transport by 5.8% in the third quarter. FMR LLC now owns 217,232 shares of the transportation company's stock valued at $3,845,000 after buying an additional 11,883 shares in the last quarter. Verition Fund Management LLC purchased a new stake in Marten Transport in the 3rd quarter worth $216,000. Point72 Asset Management L.P. acquired a new position in Marten Transport during the third quarter worth $267,000. State Street Corp lifted its holdings in Marten Transport by 0.6% during the third quarter. State Street Corp now owns 2,339,644 shares of the transportation company's stock valued at $41,412,000 after purchasing an additional 14,088 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd acquired a new stake in shares of Marten Transport in the third quarter valued at about $298,000. Institutional investors and hedge funds own 69.12% of the company's stock.

Analyst Upgrades and Downgrades

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 report on Tuesday, January 28th.

Marten Transport Trading Down 0.4 %

MRTN stock traded down $0.06 during midday trading on Tuesday, reaching $13.33. The stock had a trading volume of 44,526 shares, compared to its average volume of 397,556. Marten Transport, Ltd. has a 52-week low of $12.52 and a 52-week high of $19.26. The company's fifty day simple moving average is $14.13 and its 200 day simple moving average is $15.61. The company has a market cap of $1.09 billion, a price-to-earnings ratio of 39.18 and a beta of 1.01.

Marten Transport (NASDAQ:MRTN - Get Free Report) last posted its quarterly earnings results 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 net margin of 2.79% and a return on equity of 3.52%. Sell-side analysts predict that Marten Transport, Ltd. will post 0.41 EPS for the current year.

Marten Transport Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were issued a $0.06 dividend. The ex-dividend date was Friday, March 14th. This represents a $0.24 annualized dividend and a dividend yield of 1.80%. Marten Transport's dividend payout ratio is presently 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.