London Co. of Virginia Cuts Stock Holdings in Marten Transport, Ltd. $MRTN

London Co. of Virginia decreased its holdings in shares of Marten Transport, Ltd. (NASDAQ:MRTNFree Report) by 6.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 840,576 shares of the transportation company’s stock after selling 53,983 shares during the quarter. London Co. of Virginia owned 1.03% of Marten Transport worth $9,566,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. AlphaQuest LLC grew its holdings in shares of Marten Transport by 0.6% during the fourth quarter. AlphaQuest LLC now owns 121,536 shares of the transportation company’s stock worth $1,383,000 after purchasing an additional 755 shares in the last quarter. Alliancebernstein L.P. grew its holdings in shares of Marten Transport by 1.7% during the third quarter. Alliancebernstein L.P. now owns 76,690 shares of the transportation company’s stock worth $818,000 after purchasing an additional 1,271 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Marten Transport by 4.4% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 34,496 shares of the transportation company’s stock worth $473,000 after purchasing an additional 1,447 shares in the last quarter. Sei Investments Co. grew its holdings in shares of Marten Transport by 3.4% during the third quarter. Sei Investments Co. now owns 48,628 shares of the transportation company’s stock worth $518,000 after purchasing an additional 1,595 shares in the last quarter. Finally, Royal Bank of Canada grew its holdings in shares of Marten Transport by 12.0% during the first quarter. Royal Bank of Canada now owns 17,028 shares of the transportation company’s stock worth $234,000 after purchasing an additional 1,826 shares in the last quarter. Hedge funds and other institutional investors own 69.12% of the company’s stock.

Marten Transport Stock Performance

Shares of MRTN stock opened at $17.38 on Wednesday. Marten Transport, Ltd. has a fifty-two week low of $9.35 and a fifty-two week high of $18.48. The stock has a 50 day moving average price of $15.84 and a two-hundred day moving average price of $13.63. The company has a market capitalization of $1.42 billion, a P/E ratio of 91.48 and a beta of 0.93.

Marten Transport (NASDAQ:MRTNGet Free Report) last announced its quarterly earnings data on Thursday, April 23rd. The transportation company reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.03 by ($0.01). Marten Transport had a net margin of 1.68% and a return on equity of 1.89%. The company had revenue of $203.53 million during the quarter, compared to the consensus estimate of $207.20 million. During the same quarter in the previous year, the firm posted $0.05 EPS. The business’s revenue for the quarter was down 8.8% compared to the same quarter last year. As a group, equities analysts predict that Marten Transport, Ltd. will post 0.22 earnings per share for the current year.

Marten Transport Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 16th will be given a $0.06 dividend. The ex-dividend date is Tuesday, June 16th. This represents a $0.24 annualized dividend and a yield of 1.4%. Marten Transport’s payout ratio is presently 126.32%.

Analyst Upgrades and Downgrades

MRTN has been the subject of several recent analyst reports. Robert W. Baird raised Marten Transport to a “strong-buy” rating in a report on Wednesday, April 1st. Zacks Research raised Marten Transport from a “strong sell” rating to a “hold” rating in a report on Friday, March 13th. Stephens lowered Marten Transport from a “strong-buy” rating to a “hold” rating in a report on Monday, April 6th. Finally, Weiss Ratings upgraded Marten Transport from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, April 2nd. One analyst has rated the stock with a Strong Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, Marten Transport currently has a consensus rating of “Moderate Buy”.

Read Our Latest Research Report on Marten Transport

Marten Transport Company Profile

(Free Report)

Marten Transport, Inc is a North American transportation services provider offering temperature-controlled and dry van truckload services. Founded in 1946 and headquartered in Mondovi, Wisconsin, the company specializes in full truckload, dedicated contract carriage, intermodal and port drayage solutions. Its core focus on refrigerated and produce freight has made it a key partner for food manufacturers, retailers and other shippers requiring strict temperature management.

The company maintains a modern fleet of tractors and trailers equipped with advanced telematics, electronic logging devices and continuous temperature monitoring.

See Also

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

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