Marten Transport, Ltd. (NASDAQ:MRTN) Stock Position Lifted by Handelsbanken Fonder AB

Handelsbanken Fonder AB grew its holdings in shares of Marten Transport, Ltd. (NASDAQ:MRTN) by 16.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 17,179 shares of the transportation company’s stock after purchasing an additional 2,400 shares during the quarter. Handelsbanken Fonder AB’s holdings in Marten Transport were worth $268,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of the business. Independence Bank of Kentucky acquired a new position in Marten Transport in the 4th quarter valued at $40,000. KBC Group NV boosted its stake in Marten Transport by 54.6% in the 3rd quarter. KBC Group NV now owns 3,376 shares of the transportation company’s stock valued at $60,000 after buying an additional 1,192 shares in the last quarter. Nisa Investment Advisors LLC lifted its holdings in Marten Transport by 24.3% during the 3rd quarter. Nisa Investment Advisors LLC now owns 6,587 shares of the transportation company’s stock valued at $117,000 after purchasing an additional 1,289 shares during the last quarter. Ieq Capital LLC bought a new stake in Marten Transport during the 4th quarter worth approximately $172,000. Finally, Intech Investment Management LLC bought a new position in shares of Marten Transport in the third quarter valued at about $181,000. Institutional investors and hedge funds own 69.12% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Stephens upped their price target on Marten Transport from $18.00 to $19.00 and gave the company an “overweight” rating in a research note on Tuesday, January 28th.

Marten Transport Stock Down 1.3 %

Shares of MRTN stock opened at $14.53 on Tuesday. The firm has a market capitalization of $1.18 billion, a price-to-earnings ratio of 42.74 and a beta of 0.83. Marten Transport, Ltd. has a 12-month low of $14.37 and a 12-month high of $19.34. The firm has a fifty day moving average of $15.41 and a 200-day moving average of $16.41.

Marten Transport (NASDAQ:MRTN) last announced its earnings results on Monday, January 27th. The transportation company reported $0.07 earnings per share for the quarter, topping analysts’ consensus estimates of $0.06 by $0.01. Marten Transport had a net margin of 2.79% and a return on equity of 3.52%. Research analysts expect that Marten Transport, Ltd. will post 0.41 earnings per share for the current year.

Marten Transport Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be paid a $0.06 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.24 dividend on an annualized basis and a yield of 1.65%. Marten Transport’s dividend payout ratio is 70.59%.

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.