UBS Group AG lifted its position in shares of Marten Transport, Ltd. (NASDAQ:MRTN – Free Report) by 13.9% in the fourth quarter, HoldingsChannel reports. The fund owned 299,560 shares of the transportation company’s stock after buying an additional 36,557 shares during the period. UBS Group AG’s holdings in Marten Transport were worth $3,409,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently made changes to their positions in MRTN. Nisa Investment Advisors LLC raised its position in shares of Marten Transport by 660.8% during the fourth quarter. Nisa Investment Advisors LLC now owns 2,929 shares of the transportation company’s stock worth $33,000 after acquiring an additional 2,544 shares during the last quarter. CIBC Private Wealth Group LLC bought a new stake in shares of Marten Transport during the third quarter worth $40,000. Atlantic Union Bankshares Corp bought a new stake in shares of Marten Transport during the third quarter worth $43,000. Farther Finance Advisors LLC raised its position in shares of Marten Transport by 3,553.8% during the fourth quarter. Farther Finance Advisors LLC now owns 3,873 shares of the transportation company’s stock worth $44,000 after acquiring an additional 3,767 shares during the last quarter. Finally, PNC Financial Services Group Inc. raised its position in shares of Marten Transport by 131.3% during the third quarter. PNC Financial Services Group Inc. now owns 5,816 shares of the transportation company’s stock worth $62,000 after acquiring an additional 3,302 shares during the last quarter. Institutional investors own 69.12% of the company’s stock.
Marten Transport Stock Performance
NASDAQ MRTN opened at $16.69 on Monday. The stock has a 50-day simple moving average of $14.13 and a 200 day simple moving average of $12.70. The company has a market capitalization of $1.36 billion, a PE ratio of 87.85 and a beta of 0.89. Marten Transport, Ltd. has a 12 month low of $9.35 and a 12 month high of $16.78.
Marten Transport Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 16th will be issued a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date is Tuesday, June 16th. Marten Transport’s dividend payout ratio is currently 126.32%.
Analyst Ratings Changes
A number of equities research analysts have recently weighed in on MRTN shares. Weiss Ratings upgraded Marten Transport from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, April 2nd. Stephens downgraded Marten Transport from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 6th. Zacks Research upgraded Marten Transport from a “strong sell” rating to a “hold” rating in a report on Friday, March 13th. Wall Street Zen upgraded Marten Transport from a “sell” rating to a “hold” rating in a report on Saturday, January 31st. Finally, Robert W. Baird upgraded Marten Transport to a “strong-buy” rating in a report on Wednesday, April 1st. One analyst has rated the stock with a Strong Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, Marten Transport presently has an average rating of “Moderate Buy”.
View Our Latest Report on Marten Transport
Marten Transport Company 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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