Marten Transport (NASDAQ:MRTN) Sets New 12-Month Low at $16.73

Marten Transport, Ltd. (NASDAQ:MRTN)’s share price reached a new 52-week low on Tuesday . The company traded as low as $16.73 and last traded at $16.75, with a volume of 19033 shares traded. The stock had previously closed at $17.01.

Analyst Upgrades and Downgrades

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

Marten Transport Trading Down 3.5 %

The firm has a market capitalization of $1.32 billion, a PE ratio of 18.59 and a beta of 0.79. The business has a 50 day moving average price of $18.51 and a 200-day moving average price of $19.03.

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

Marten Transport Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 15th were paid a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.48%. The ex-dividend date was Thursday, March 14th. Marten Transport’s dividend payout ratio (DPR) is 27.59%.

Hedge Funds Weigh In On Marten Transport

A number of large investors have recently modified their holdings of MRTN. Lazard Asset Management LLC acquired a new position in Marten Transport during the first quarter worth $47,000. Quantbot Technologies LP acquired a new position in Marten Transport during the third quarter worth $54,000. International Assets Investment Management LLC raised its holdings in Marten Transport by 1,997.7% during the fourth quarter. International Assets Investment Management LLC now owns 2,706 shares of the transportation company’s stock worth $57,000 after purchasing an additional 2,577 shares during the last quarter. Captrust Financial Advisors raised its holdings in Marten Transport by 108.6% during the first quarter. Captrust Financial Advisors now owns 3,790 shares of the transportation company’s stock worth $67,000 after purchasing an additional 1,973 shares during the last quarter. Finally, Point72 Middle East FZE acquired a new position in Marten Transport during the fourth quarter worth $71,000. 69.12% of the stock is owned by hedge funds and other institutional investors.

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.