William Blair Investment Management LLC raised its holdings in shares of Marten Transport, Ltd. (NASDAQ:MRTN - Free Report) by 2.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,492,142 shares of the transportation company's stock after purchasing an additional 31,303 shares during the quarter. William Blair Investment Management LLC owned approximately 1.83% of Marten Transport worth $23,292,000 at the end of the most recent reporting period.
Other hedge funds have also added to or reduced their stakes in the company. JPMorgan Chase & Co. lifted its holdings in Marten Transport by 22.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 685,308 shares of the transportation company's stock valued at $12,130,000 after purchasing an additional 126,150 shares during the last quarter. Hodges Capital Management Inc. lifted its holdings in Marten Transport by 158.0% during the 4th quarter. Hodges Capital Management Inc. now owns 303,200 shares of the transportation company's stock valued at $4,732,000 after purchasing an additional 185,700 shares during the last quarter. Barclays PLC lifted its holdings in shares of Marten Transport by 140.3% during the third quarter. Barclays PLC now owns 136,498 shares of the transportation company's stock worth $2,416,000 after buying an additional 79,689 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Marten Transport by 4.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 940,431 shares of the transportation company's stock worth $16,646,000 after buying an additional 38,990 shares in the last quarter. Finally, BNP Paribas Financial Markets lifted its holdings in shares of Marten Transport by 120.6% during the third quarter. BNP Paribas Financial Markets now owns 138,508 shares of the transportation company's stock worth $2,452,000 after buying an additional 75,721 shares in the last quarter. Institutional investors and hedge funds own 69.12% of the company's stock.
Marten Transport Stock Up 0.7 %
Shares of MRTN traded up $0.09 during midday trading on Friday, reaching $13.75. 1,203,966 shares of the stock were exchanged, compared to its average volume of 374,879. Marten Transport, Ltd. has a twelve month low of $13.45 and a twelve month high of $19.26. The company has a market cap of $1.12 billion, a P/E ratio of 40.44 and a beta of 0.84. The stock's 50 day simple moving average is $14.97 and its 200 day simple moving average is $16.09.
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 net margin of 2.79% and a return on equity of 3.52%. As a group, analysts predict that Marten Transport, Ltd. will post 0.41 earnings per share for the current year.
Marten Transport Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be given a dividend of $0.06 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.24 annualized dividend and a yield of 1.75%. Marten Transport's dividend payout ratio is 70.59%.
Wall Street Analyst Weigh In
Separately, Stephens lifted their target price on Marten Transport from $18.00 to $19.00 and gave the stock an "overweight" rating in a report on Tuesday, January 28th.
View Our Latest Research Report on MRTN
Marten Transport Profile
(
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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