Wells Fargo & Company MN Has $568,000 Stock Holdings in Marten Transport, Ltd. (NASDAQ:MRTN)

Wells Fargo & Company MN boosted its stake in shares of Marten Transport, Ltd. (NASDAQ:MRTN) by 12.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 36,388 shares of the transportation company’s stock after purchasing an additional 4,091 shares during the quarter. Wells Fargo & Company MN’s holdings in Marten Transport were worth $568,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Meeder Asset Management Inc. bought a new stake in shares of Marten Transport during the 4th quarter worth about $42,000. Arrowstreet Capital Limited Partnership lifted its position in Marten Transport by 23.7% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 177,927 shares of the transportation company’s stock worth $2,777,000 after acquiring an additional 34,134 shares during the last quarter. Norges Bank bought a new stake in shares of Marten Transport during the fourth quarter worth approximately $2,121,000. JPMorgan Chase & Co. grew its position in shares of Marten Transport by 27.7% in the fourth quarter. JPMorgan Chase & Co. now owns 875,304 shares of the transportation company’s stock valued at $13,663,000 after purchasing an additional 189,996 shares during the last quarter. Finally, WINTON GROUP Ltd grew its position in shares of Marten Transport by 19.8% in the fourth quarter. WINTON GROUP Ltd now owns 66,505 shares of the transportation company’s stock valued at $1,038,000 after purchasing an additional 10,995 shares during the last quarter. 69.12% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director Jerry M. Bauer acquired 20,000 shares of the stock in a transaction on Monday, April 28th. The stock was acquired at an average cost of $12.88 per share, for a total transaction of $257,600.00. Following the completion of the transaction, the director now directly owns 176,444 shares in the company, valued at approximately $2,272,598.72. This trade represents a 12.78 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. 22.90% of the stock is owned by company insiders.

Marten Transport Stock Up 2.9 %

Shares of Marten Transport stock opened at $13.08 on Friday. The stock has a market capitalization of $1.07 billion, a price-to-earnings ratio of 38.47 and a beta of 1.01. Marten Transport, Ltd. has a twelve month low of $12.52 and a twelve month high of $19.26. The company has a 50-day simple moving average of $13.58 and a two-hundred day simple moving average of $15.25.

Marten Transport (NASDAQ:MRTN) last released its quarterly earnings results on Wednesday, April 16th. The transportation company reported $0.05 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.05. The company had revenue of $223.15 million during the quarter, compared to the consensus estimate of $228.79 million. Marten Transport had a net margin of 2.79% and a return on equity of 3.52%. On average, sell-side analysts anticipate that Marten Transport, Ltd. will post 0.41 earnings per share for the current fiscal year.

Marten Transport Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were issued a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 1.83%. The ex-dividend date of this dividend was Friday, March 14th. Marten Transport’s dividend payout ratio (DPR) is currently 88.89%.

Analyst Ratings Changes

Separately, Stephens boosted 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 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.