Two Sigma Advisers LP Has $4.20 Million Position in Marten Transport, Ltd. (MRTN)

Two Sigma Advisers LP increased its holdings in Marten Transport, Ltd. (NASDAQ:MRTN) by 7.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 207,049 shares of the transportation company’s stock after purchasing an additional 14,000 shares during the quarter. Two Sigma Advisers LP owned approximately 0.38% of Marten Transport worth $4,203,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of MRTN. The Manufacturers Life Insurance Company grew its stake in shares of Marten Transport by 6.2% in the second quarter. The Manufacturers Life Insurance Company now owns 19,559 shares of the transportation company’s stock worth $322,000 after purchasing an additional 1,147 shares during the last quarter. Nationwide Fund Advisors grew its stake in shares of Marten Transport by 72.7% in the third quarter. Nationwide Fund Advisors now owns 583,228 shares of the transportation company’s stock worth $11,985,000 after purchasing an additional 245,604 shares during the last quarter. Prudential Financial Inc. grew its stake in shares of Marten Transport by 110.5% in the third quarter. Prudential Financial Inc. now owns 85,982 shares of the transportation company’s stock worth $1,767,000 after purchasing an additional 45,138 shares during the last quarter. Principal Financial Group Inc. grew its stake in shares of Marten Transport by 65.3% in the third quarter. Principal Financial Group Inc. now owns 302,522 shares of the transportation company’s stock worth $6,217,000 after purchasing an additional 119,507 shares during the last quarter. Finally, Sei Investments Co. grew its stake in shares of Marten Transport by 109.8% in the third quarter. Sei Investments Co. now owns 6,198 shares of the transportation company’s stock worth $127,000 after purchasing an additional 3,244 shares during the last quarter. 67.58% of the stock is currently owned by institutional investors.

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In other news, Director Thomas J. Winkel sold 6,250 shares of the company’s stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $22.55, for a total transaction of $140,937.50. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Larry B. Hagness sold 12,000 shares of the company’s stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $23.39, for a total transaction of $280,680.00. The disclosure for this sale can be found here. Corporate insiders own 23.00% of the company’s stock.

MRTN has been the topic of a number of research analyst reports. Zacks Investment Research raised shares of Marten Transport from a “hold” rating to a “buy” rating and set a $24.00 price target on the stock in a research report on Saturday, January 20th. BidaskClub raised shares of Marten Transport from a “hold” rating to a “buy” rating in a research report on Tuesday, January 16th. Finally, ValuEngine raised shares of Marten Transport from a “hold” rating to a “buy” rating in a research report on Thursday, March 22nd. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $23.75.

Shares of MRTN opened at $22.80 on Monday. The firm has a market cap of $1,244.14, a price-to-earnings ratio of 36.77 and a beta of 1.37. Marten Transport, Ltd. has a 12 month low of $12.99 and a 12 month high of $29.60.

Marten Transport (NASDAQ:MRTN) last issued its quarterly earnings results on Thursday, January 25th. The transportation company reported $0.16 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.16. The business had revenue of $182.70 million for the quarter, compared to analysts’ expectations of $177.55 million. Marten Transport had a net margin of 12.93% and a return on equity of 7.17%. The business’s quarterly revenue was up 5.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.25 earnings per share. equities research analysts expect that Marten Transport, Ltd. will post 0.92 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, March 30th. Shareholders of record on Monday, March 19th were given a dividend of $0.025 per share. The ex-dividend date was Friday, March 16th. This represents a $0.10 dividend on an annualized basis and a yield of 0.44%. Marten Transport’s dividend payout ratio (DPR) is currently 16.13%.

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Marten Transport Profile

Marten Transport, Ltd. is a temperature-sensitive truckload carrier. The Company focuses on transporting and distributing food and other consumer-packaged goods that require a temperature-controlled or insulated environment. The Company operates through four segments: Truckload, Dedicated, Intermodal and Brokerage.

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

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