Westfield Capital Management Co. LP Purchases 39,426 Shares of Marten Transport, Ltd. (MRTN)

Westfield Capital Management Co. LP raised its position in Marten Transport, Ltd. (NASDAQ:MRTN) by 66.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 98,566 shares of the transportation company’s stock after purchasing an additional 39,426 shares during the quarter. Westfield Capital Management Co. LP owned 0.18% of Marten Transport worth $2,026,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP raised its stake in shares of Marten Transport by 64.8% in the 3rd quarter. Dimensional Fund Advisors LP now owns 4,613,274 shares of the transportation company’s stock valued at $94,798,000 after purchasing an additional 1,814,763 shares during the period. Bank of New York Mellon Corp raised its stake in shares of Marten Transport by 38.7% in the 3rd quarter. Bank of New York Mellon Corp now owns 1,709,997 shares of the transportation company’s stock valued at $35,140,000 after purchasing an additional 477,099 shares during the period. Vanguard Group Inc. raised its stake in shares of Marten Transport by 2.3% in the 2nd quarter. Vanguard Group Inc. now owns 1,261,440 shares of the transportation company’s stock valued at $34,563,000 after purchasing an additional 28,574 shares during the period. Goldman Sachs Group Inc. increased its position in shares of Marten Transport by 46.1% in the second quarter. Goldman Sachs Group Inc. now owns 980,124 shares of the transportation company’s stock valued at $26,856,000 after acquiring an additional 309,413 shares during the last quarter. Finally, Granite Investment Partners LLC increased its position in shares of Marten Transport by 6.3% in the third quarter. Granite Investment Partners LLC now owns 845,925 shares of the transportation company’s stock valued at $17,384,000 after acquiring an additional 50,003 shares during the last quarter. 68.45% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Marten Transport, Ltd. (NASDAQ:MRTN) opened at $19.90 on Wednesday. The stock has a market capitalization of $1,110.00, a PE ratio of 32.79 and a beta of 1.34. Marten Transport, Ltd. has a 12-month low of $12.81 and a 12-month high of $21.15.

Marten Transport (NASDAQ:MRTN) last released its earnings results on Thursday, October 19th. The transportation company reported $0.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.13 by $0.01. The business had revenue of $170.70 million for the quarter, compared to the consensus estimate of $169.67 million. Marten Transport had a return on equity of 7.45% and a net margin of 4.87%. Marten Transport’s quarterly revenue was up .1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.26 earnings per share. equities research analysts predict that Marten Transport, Ltd. will post 0.62 earnings per share for the current fiscal year.

A number of research firms recently issued reports on MRTN. Zacks Investment Research downgraded Marten Transport from a “buy” rating to a “hold” rating in a research report on Friday, August 18th. BidaskClub raised Marten Transport from a “sell” rating to a “hold” rating in a research report on Wednesday, August 16th. Finally, Stifel Nicolaus set a $15.00 target price on Marten Transport and gave the company a “hold” rating in a research report on Wednesday, August 23rd. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $19.00.

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About Marten Transport

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.

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

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