Swiss National Bank Cuts Stake in Marten Transport, Ltd. (NASDAQ:MRTN)

Swiss National Bank lessened its holdings in shares of Marten Transport, Ltd. (NASDAQ:MRTN) by 3.5% in the 2nd quarter, Holdings Channel reports. The fund owned 136,775 shares of the transportation company’s stock after selling 4,900 shares during the quarter. Swiss National Bank’s holdings in Marten Transport were worth $2,255,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in MRTN. Captrust Financial Advisors grew its stake in Marten Transport by 1,704.3% during the 1st quarter. Captrust Financial Advisors now owns 2,075 shares of the transportation company’s stock valued at $35,000 after acquiring an additional 1,960 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. grew its stake in Marten Transport by 851.2% during the 2nd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 3,491 shares of the transportation company’s stock valued at $58,000 after acquiring an additional 3,124 shares in the last quarter. Advisor Group Holdings Inc. grew its stake in Marten Transport by 28.1% during the 2nd quarter. Advisor Group Holdings Inc. now owns 7,280 shares of the transportation company’s stock valued at $122,000 after acquiring an additional 1,598 shares in the last quarter. Quantbot Technologies LP grew its stake in Marten Transport by 2,700.0% during the 1st quarter. Quantbot Technologies LP now owns 8,400 shares of the transportation company’s stock valued at $142,000 after acquiring an additional 8,100 shares in the last quarter. Finally, Aigen Investment Management LP purchased a new stake in Marten Transport during the 1st quarter valued at about $187,000. 69.53% of the stock is owned by institutional investors.

Several analysts recently issued reports on the stock. Raymond James assumed coverage on shares of Marten Transport in a research note on Friday, September 10th. They set a “market perform” rating for the company. Zacks Investment Research upgraded shares of Marten Transport from a “sell” rating to a “hold” rating in a report on Thursday, September 16th.

In related news, Director Jerry M. Bauer acquired 15,000 shares of the firm’s stock in a transaction dated Monday, September 20th. The shares were purchased at an average cost of $15.07 per share, for a total transaction of $226,050.00. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 22.50% of the company’s stock.

NASDAQ:MRTN opened at $15.69 on Friday. The firm has a market capitalization of $1.30 billion, a price-to-earnings ratio of 16.69 and a beta of 0.97. The company’s 50-day moving average is $15.50 and its two-hundred day moving average is $16.43. Marten Transport, Ltd. has a 1-year low of $14.72 and a 1-year high of $19.08.

Marten Transport (NASDAQ:MRTN) last issued its quarterly earnings data on Wednesday, July 14th. The transportation company reported $0.26 EPS for the quarter, hitting the consensus estimate of $0.26. Marten Transport had a net margin of 8.57% and a return on equity of 12.07%. The firm had revenue of $232.44 million for the quarter, compared to analyst estimates of $240.05 million. During the same period in the prior year, the business posted $0.33 EPS. The business’s revenue for the quarter was up 9.4% compared to the same quarter last year. Sell-side analysts anticipate that Marten Transport, Ltd. will post 0.99 EPS for the current year.

The business also recently disclosed a None dividend, which will be paid on Monday, October 4th. Stockholders of record on Monday, September 20th will be issued a $0.54 dividend. The ex-dividend date of this dividend is Friday, September 17th. This represents a dividend yield of 1%. Marten Transport’s dividend payout ratio is currently 19.05%.

About Marten Transport

Marten Transport Ltd. engages in the provision of temperature-sensitive truckload carrier services. It operates through the following segments: Truckload, Dedicated, Intermodal, and Brokerage. The Truckload segment includes transport of food and consumer packaged goods that require a temperature-controlled or insulated environment.

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Institutional Ownership by Quarter for Marten Transport (NASDAQ:MRTN)

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