Marten Transport, Ltd. (NASDAQ:MRTN) Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC lessened its holdings in shares of Marten Transport, Ltd. (NASDAQ:MRTN) by 62.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 10,843 shares of the transportation company’s stock after selling 18,054 shares during the period. SG Americas Securities LLC’s holdings in Marten Transport were worth $227,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of MRTN. Millennium Management LLC grew its holdings in Marten Transport by 4,463.9% during the second quarter. Millennium Management LLC now owns 689,930 shares of the transportation company’s stock worth $11,605,000 after acquiring an additional 674,813 shares during the period. Wellington Management Group LLP acquired a new position in Marten Transport during the third quarter worth $12,907,000. Susquehanna International Group LLP grew its holdings in Marten Transport by 115.3% during the fourth quarter. Susquehanna International Group LLP now owns 50,869 shares of the transportation company’s stock worth $1,006,000 after acquiring an additional 383,910 shares during the period. TimesSquare Capital Management LLC grew its holdings in Marten Transport by 56.5% during the third quarter. TimesSquare Capital Management LLC now owns 1,038,150 shares of the transportation company’s stock worth $20,462,000 after acquiring an additional 374,755 shares during the period. Finally, Norges Bank acquired a new position in Marten Transport during the fourth quarter worth $6,430,000. Institutional investors and hedge funds own 69.12% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Vertical Research raised Marten Transport from a “hold” rating to a “buy” rating and set a $25.00 target price on the stock in a report on Wednesday, January 10th.

Marten Transport Stock Down 0.3 %

Shares of NASDAQ:MRTN opened at $17.17 on Friday. Marten Transport, Ltd. has a 52-week low of $17.05 and a 52-week high of $23.38. The stock’s fifty day simple moving average is $18.71 and its 200-day simple moving average is $19.12. The company has a market capitalization of $1.40 billion, a P/E ratio of 19.74 and a beta of 0.79.

Marten Transport (NASDAQ:MRTN) last issued its quarterly earnings data on Thursday, January 25th. The transportation company reported $0.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.03). Marten Transport had a net margin of 6.22% and a return on equity of 9.48%. The company had revenue of $268.20 million during the quarter, compared to analysts’ expectations of $271.62 million. During the same quarter in the prior year, the company earned $0.31 earnings per share. The firm’s revenue was down 16.9% compared to the same quarter last year.

Marten Transport Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 15th were given a dividend of $0.06 per share. The ex-dividend date was Thursday, March 14th. This represents a $0.24 annualized dividend and a yield of 1.40%. Marten Transport’s dividend payout ratio (DPR) is presently 27.59%.

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.