Nicholas Company Inc. Trims Stake in Marten Transport, Ltd. $MRTN

Nicholas Company Inc. reduced its stake in Marten Transport, Ltd. (NASDAQ:MRTN – Free Report) by 20.6% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 315,135 shares of the transportation company’s stock after selling 81,860 shares during the quarter. Nicholas Company Inc.’s holdings in Marten Transport were worth $5,468,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Boston Partners bought a new stake in Marten Transport during the fourth quarter valued at about $10,466,000. Russell Investments Group Ltd. increased its position in Marten Transport by 128.7% in the fourth quarter. Russell Investments Group Ltd. now owns 924,406 shares of the transportation company’s stock worth $10,520,000 after buying an additional 520,274 shares in the last quarter. Ameriprise Financial Inc. raised its stake in shares of Marten Transport by 128.4% in the third quarter. Ameriprise Financial Inc. now owns 921,818 shares of the transportation company’s stock worth $9,827,000 after buying an additional 518,280 shares during the period. Qube Research & Technologies Ltd raised its stake in shares of Marten Transport by 2,296.2% in the third quarter. Qube Research & Technologies Ltd now owns 444,309 shares of the transportation company’s stock worth $4,736,000 after buying an additional 425,767 shares during the period. Finally, Verition Fund Management LLC lifted its position in shares of Marten Transport by 914.7% during the 4th quarter. Verition Fund Management LLC now owns 336,522 shares of the transportation company’s stock valued at $3,830,000 after buying an additional 303,357 shares in the last quarter. 69.12% of the stock is currently owned by hedge funds and other institutional investors.

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Marten Transport Stock Performance

Shares of Marten Transport stock opened at $15.21 on Friday. The company has a market capitalization of $1.24 billion, a P/E ratio of 89.47 and a beta of 0.95. The company has a fifty day moving average of $16.65 and a 200 day moving average of $15.02. Marten Transport, Ltd. has a fifty-two week low of $9.35 and a fifty-two week high of $18.48.

Marten Transport (NASDAQ:MRTN – Get Free Report) last issued 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 during the quarter, compared to analysts’ expectations of $227.10 million. Marten Transport had a return on equity of 1.65% and a net margin of 1.47%.The company’s quarterly revenue was down 2.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.09 EPS. Analysts forecast that Marten Transport, Ltd. will post 0.27 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages recently issued reports on MRTN. Stephens cut their price objective on Marten Transport from $18.00 to $16.00 and set an “equal weight” rating for the company in a research note on Friday, July 24th. Weiss Ratings restated a “hold (c-)” rating on shares of Marten Transport in a research note on Tuesday, June 30th. One research analyst has rated the stock with a Strong Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, Marten Transport presently has a consensus rating of “Moderate Buy” and a consensus price target of $16.00.

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About Marten Transport

(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.

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