Marten Transport (NASDAQ:MRTN) Reaches New 1-Year Low at $17.28

Marten Transport, Ltd. (NASDAQ:MRTN)’s share price reached a new 52-week low during trading on Wednesday . The stock traded as low as $17.28 and last traded at $17.29, with a volume of 49100 shares. The stock had previously closed at $17.90.

Wall Street Analyst Weigh In

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

Marten Transport Trading Down 0.3 %

The business has a fifty day moving average price of $18.71 and a 200-day moving average price of $19.12. The stock has a market capitalization of $1.40 billion, a PE ratio of 19.74 and a beta of 0.79.

Marten Transport (NASDAQ:MRTN) last released its earnings results on Thursday, January 25th. The transportation company reported $0.15 earnings per share for the quarter, missing analysts’ consensus estimates 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 the consensus estimate of $271.62 million. During the same period last year, the firm posted $0.31 EPS. The company’s revenue was down 16.9% on a year-over-year basis.

Marten Transport Dividend Announcement

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

Institutional Investors Weigh In On Marten Transport

Hedge funds and other institutional investors have recently modified their holdings of the stock. Lazard Asset Management LLC bought a new stake in shares of Marten Transport in the 1st quarter valued at about $47,000. International Assets Investment Management LLC lifted its stake in shares of Marten Transport by 1,997.7% in the 4th quarter. International Assets Investment Management LLC now owns 2,706 shares of the transportation company’s stock valued at $57,000 after acquiring an additional 2,577 shares during the last quarter. Quantbot Technologies LP bought a new position in Marten Transport during the 3rd quarter valued at approximately $54,000. Point72 Middle East FZE bought a new position in Marten Transport during the 4th quarter valued at approximately $71,000. Finally, Captrust Financial Advisors raised its position in Marten Transport by 108.6% during the 1st quarter. Captrust Financial Advisors now owns 3,790 shares of the transportation company’s stock valued at $67,000 after purchasing an additional 1,973 shares during the last quarter. Institutional investors own 69.12% of the company’s stock.

Marten Transport Company Profile

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.