Heartland Advisors Inc. held its stake in Marten Transport Ltd. (NASDAQ:MRTN) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 300,000 shares of the company’s stock at the end of the third quarter. Heartland Advisors Inc.’s holdings in Marten Transport were worth $6,300,000 as of its most recent SEC filing.
A number of other hedge funds also recently added to or reduced their stakes in MRTN. Victory Capital Management Inc. boosted its stake in Marten Transport by 214.7% in the third quarter. Victory Capital Management Inc. now owns 7,730 shares of the company’s stock valued at $162,000 after buying an additional 5,274 shares during the period. Aperio Group LLC boosted its stake in Marten Transport by 13.0% in the third quarter. Aperio Group LLC now owns 13,841 shares of the company’s stock valued at $291,000 after buying an additional 1,595 shares during the period. Coyle Financial Counsel LLC boosted its stake in Marten Transport by 1.6% in the third quarter. Coyle Financial Counsel LLC now owns 33,817 shares of the company’s stock valued at $693,000 after buying an additional 548 shares during the period. Henderson Group PLC boosted its stake in Marten Transport by 13.9% in the third quarter. Henderson Group PLC now owns 746,164 shares of the company’s stock valued at $15,669,000 after buying an additional 90,787 shares during the period. Finally, Nationwide Fund Advisors boosted its stake in Marten Transport by 22.8% in the third quarter. Nationwide Fund Advisors now owns 321,920 shares of the company’s stock valued at $6,760,000 after buying an additional 59,792 shares during the period. Institutional investors and hedge funds own 69.26% of the company’s stock.
Shares of Marten Transport Ltd. (NASDAQ:MRTN) traded down 0.21% during trading on Monday, reaching $24.20. The company’s stock had a trading volume of 34,460 shares. The company has a 50-day moving average price of $21.21 and a 200-day moving average price of $20.87. The stock has a market cap of $788.22 million, a price-to-earnings ratio of 23.50 and a beta of 1.19. Marten Transport Ltd. has a one year low of $15.49 and a one year high of $24.40.
Marten Transport (NASDAQ:MRTN) last released its quarterly earnings results on Thursday, October 20th. The company reported $0.26 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.24 by $0.02. Marten Transport had a return on equity of 8.14% and a net margin of 5.09%. The company had revenue of $170.50 million for the quarter, compared to analyst estimates of $166.10 million. During the same quarter in the prior year, the firm posted $0.25 EPS. Marten Transport’s quarterly revenue was down .5% compared to the same quarter last year. On average, equities research analysts forecast that Marten Transport Ltd. will post $1.01 earnings per share for the current fiscal year.
Separately, Zacks Investment Research upgraded shares of Marten Transport from a “hold” rating to a “buy” rating and set a $23.00 price target on the stock in a report on Tuesday, October 25th.
In related news, insider John H. Turner sold 6,000 shares of the stock in a transaction on Wednesday, November 16th. The stock was sold at an average price of $23.50, for a total transaction of $141,000.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 23.70% of the company’s stock.
Marten Transport Company Profile
Marten Transport, Ltd. is a national protective service transportation company. It is a temperature-sensitive truckload carrier. The Company specializes in transporting and distributing food and other consumer-packaged goods that require a temperature-controlled or insulated environment. The Company operates through four segments: Truckload, Dedicated, Intermodal and Brokerage.