Envestnet Asset Management Inc. Sells 11,228 Shares of Marten Transport, Ltd. (NASDAQ:MRTN)

Envestnet Asset Management Inc. reduced its stake in shares of Marten Transport, Ltd. (NASDAQ:MRTN) by 8.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 114,227 shares of the transportation company’s stock after selling 11,228 shares during the quarter. Envestnet Asset Management Inc. owned 0.14% of Marten Transport worth $1,783,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of MRTN. Independence Bank of Kentucky bought a new position in shares of Marten Transport during the fourth quarter valued at about $40,000. Meeder Asset Management Inc. bought a new stake in shares of Marten Transport in the fourth quarter worth about $42,000. Quantbot Technologies LP bought a new stake in shares of Marten Transport in the fourth quarter worth about $100,000. Wedbush Securities Inc. bought a new stake in shares of Marten Transport in the fourth quarter worth about $157,000. Finally, Ieq Capital LLC bought a new stake in shares of Marten Transport in the fourth quarter worth about $172,000. 69.12% of the stock is owned by institutional investors.

Marten Transport Price Performance

NASDAQ MRTN opened at $12.92 on Monday. Marten Transport, Ltd. has a 1 year low of $12.52 and a 1 year high of $19.26. The business’s 50-day moving average is $13.77 and its 200 day moving average is $15.37. The stock has a market capitalization of $1.05 billion, a PE ratio of 38.00 and a beta of 1.01.

Marten Transport (NASDAQ:MRTN) last issued its quarterly earnings data on Wednesday, April 16th. The transportation company reported $0.05 EPS for the quarter, hitting the consensus estimate of $0.05. Marten Transport had a net margin of 2.79% and a return on equity of 3.52%. The business had revenue of $223.15 million during the quarter, compared to analyst estimates of $228.79 million. As a group, equities research analysts anticipate that Marten Transport, Ltd. will post 0.41 earnings per share for the current year.

Marten Transport Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were issued a $0.06 dividend. The ex-dividend date was Friday, March 14th. This represents a $0.24 annualized dividend and a yield of 1.86%. Marten Transport’s dividend payout ratio (DPR) is presently 88.89%.

Analysts Set New Price Targets

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

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.