Legal & General Group Plc acquired a new position in shares of Marten Transport, Ltd. (NASDAQ:MRTN – Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 132,866 shares of the transportation company’s stock, valued at approximately $2,305,000. Legal & General Group Plc owned 0.16% of Marten Transport as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors have also made changes to their positions in the stock. Global Retirement Partners LLC grew its position in 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 buying an additional 2,438 shares in the last quarter. CIBC Private Wealth Group LLC acquired a new position in Marten Transport in the 3rd quarter valued at approximately $40,000. Farther Finance Advisors LLC raised its holdings in Marten Transport by 3,553.8% in the 4th 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 in the last quarter. State of Wyoming bought a new stake in shares of Marten Transport in the 1st quarter worth approximately $68,000. Finally, Tower Research Capital LLC TRC lifted its position in shares of Marten Transport by 378.7% in the 2nd quarter. Tower Research Capital LLC TRC now owns 5,610 shares of the transportation company’s stock worth $73,000 after acquiring an additional 4,438 shares during the period. Institutional investors and hedge funds own 69.12% of the company’s stock.
Marten Transport Stock Up 1.7%
NASDAQ MRTN opened at $14.40 on Friday. The stock has a market cap of $1.18 billion, a P/E ratio of 84.71 and a beta of 0.95. The company’s 50-day simple moving average is $15.78 and its 200 day simple moving average is $15.17. Marten Transport, Ltd. has a twelve month low of $9.35 and a twelve month high of $18.48.
Marten Transport Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Wednesday, September 16th will be paid a $0.06 dividend. The ex-dividend date of this dividend is Wednesday, September 16th. This represents a $0.24 annualized dividend and a yield of 1.7%. Marten Transport’s payout ratio is currently 141.18%.
Analyst Ratings Changes
Several analysts have recently weighed in on the company. Weiss Ratings reissued a “hold (c-)” rating on shares of Marten Transport in a report on Tuesday, June 30th. Stephens cut their target price 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. One research analyst has rated the stock with a Strong Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, Marten Transport presently has a consensus rating of “Moderate Buy” and an average target price of $16.00.
Read Our Latest Report on Marten Transport
Marten Transport Profile
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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