Marten Transport (NASDAQ:MRTN – Get Free Report) had its price objective decreased by Stephens from $18.00 to $16.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage presently has an “equal weight” rating on the transportation company’s stock. Stephens’ price target points to a potential downside of 4.76% from the stock’s previous close.
Several other brokerages have also recently commented on MRTN. Robert W. Baird upgraded shares of Marten Transport to a “strong-buy” rating in a research report on Wednesday, April 1st. Weiss Ratings restated a “hold (c-)” rating on shares of Marten Transport in a research report on Tuesday, June 30th. One investment analyst has rated the stock with a Strong Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $16.00.
Check Out Our Latest Report on Marten Transport
Marten Transport Trading Down 0.5%
Marten Transport (NASDAQ:MRTN – Get Free Report) last announced its quarterly earnings results on Thursday, July 23rd. The transportation company reported $0.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.01). The business had revenue of $223.54 million for the quarter, compared to analyst estimates of $227.10 million. Marten Transport had a return on equity of 1.89% and a net margin of 1.68%.The company’s revenue was down 2.8% compared to the same quarter last year. During the same quarter last year, the firm posted $0.09 EPS. Analysts predict that Marten Transport will post 0.25 EPS for the current year.
Hedge Funds Weigh In On Marten Transport
A number of hedge funds have recently modified their holdings of the stock. Global Retirement Partners LLC raised its holdings in shares of Marten Transport by 2,083.8% during the fourth quarter. Global Retirement Partners LLC now owns 2,555 shares of the transportation company’s stock worth $29,000 after acquiring an additional 2,438 shares in the last quarter. Nisa Investment Advisors LLC raised its position in Marten Transport by 660.8% during the fourth quarter. Nisa Investment Advisors LLC now owns 2,929 shares of the transportation company’s stock valued at $33,000 after acquiring an additional 2,544 shares in the last quarter. CIBC Private Wealth Group LLC acquired a new stake in Marten Transport in the third quarter valued at approximately $40,000. Farther Finance Advisors LLC lifted its stake in Marten Transport by 3,553.8% in the fourth quarter. Farther Finance Advisors LLC now owns 3,873 shares of the transportation company’s stock valued at $44,000 after acquiring an additional 3,767 shares during the last quarter. Finally, State of Wyoming bought a new stake in Marten Transport in the first quarter worth approximately $68,000. 69.12% of the stock is owned by institutional investors and hedge funds.
About Marten Transport
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.
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