Foundry Partners LLC lifted its stake in shares of Marten Transport, Ltd. (NASDAQ:MRTN) by 80.4% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 377,477 shares of the transportation company’s stock after purchasing an additional 168,217 shares during the period. Foundry Partners LLC owned about 0.69% of Marten Transport worth $7,757,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds also recently added to or reduced their stakes in MRTN. Goldman Sachs Group Inc. lifted its holdings in shares of Marten Transport by 814.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 670,711 shares of the transportation company’s stock worth $15,729,000 after acquiring an additional 597,393 shares during the last quarter. Granite Investment Partners LLC lifted its holdings in shares of Marten Transport by 71.2% in the 2nd quarter. Granite Investment Partners LLC now owns 795,922 shares of the transportation company’s stock worth $13,085,000 after acquiring an additional 331,098 shares during the last quarter. FMR LLC lifted its holdings in shares of Marten Transport by 228.5% in the 2nd quarter. FMR LLC now owns 443,408 shares of the transportation company’s stock worth $12,149,000 after acquiring an additional 308,408 shares during the last quarter. Nationwide Fund Advisors lifted its holdings in shares of Marten Transport by 72.7% in the 3rd quarter. Nationwide Fund Advisors now owns 583,228 shares of the transportation company’s stock worth $11,985,000 after acquiring an additional 245,604 shares during the last quarter. Finally, Pier Capital LLC acquired a new position in shares of Marten Transport in the 2nd quarter worth approximately $6,565,000. 46.36% of the stock is owned by institutional investors and hedge funds.
Shares of Marten Transport, Ltd. (NASDAQ MRTN) opened at $18.85 on Tuesday. Marten Transport, Ltd. has a 52 week low of $12.81 and a 52 week high of $21.15. The firm has a market cap of $1,027.74, a price-to-earnings ratio of 30.90 and a beta of 1.35.
Marten Transport (NASDAQ:MRTN) last released its earnings results on Thursday, October 19th. The transportation company reported $0.14 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.13 by $0.01. Marten Transport had a net margin of 4.87% and a return on equity of 7.45%. The company had revenue of $170.70 million during the quarter, compared to analysts’ expectations of $169.67 million. During the same quarter last year, the business earned $0.26 EPS. The business’s revenue was up .1% on a year-over-year basis. research analysts expect that Marten Transport, Ltd. will post 0.62 earnings per share for the current year.
Several equities research analysts recently weighed in on the stock. Stifel Nicolaus reaffirmed a “hold” rating and set a $15.00 target price on shares of Marten Transport in a research note on Sunday, October 1st. Zacks Investment Research raised shares of Marten Transport from a “hold” rating to a “buy” rating and set a $23.00 price objective on the stock in a research report on Tuesday, October 3rd. Finally, BidaskClub raised shares of Marten Transport from a “sell” rating to a “hold” rating in a research report on Wednesday, August 16th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company’s stock. Marten Transport presently has a consensus rating of “Hold” and an average target price of $19.00.
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Marten Transport Profile
Marten Transport, Ltd. is a temperature-sensitive truckload carrier. The Company focuses on 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.
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