Brokerages Set Marten Transport, Ltd (MRTN) Target Price at $24.33

Shares of Marten Transport, Ltd (NASDAQ:MRTN) have been assigned a consensus rating of “Hold” from the six research firms that are currently covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating on the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $24.33.

Several equities research analysts have recently issued reports on MRTN shares. ValuEngine lowered Marten Transport from a “buy” rating to a “hold” rating in a report on Saturday, September 22nd. BidaskClub lowered Marten Transport from a “hold” rating to a “sell” rating in a report on Saturday, September 22nd. Zacks Investment Research lowered Marten Transport from a “buy” rating to a “hold” rating in a report on Friday, January 4th. Finally, Stephens set a $22.00 price target on Marten Transport and gave the company a “hold” rating in a report on Wednesday, October 17th.

Several hedge funds have recently modified their holdings of the stock. Teachers Advisors LLC raised its stake in shares of Marten Transport by 1.4% in the 3rd quarter. Teachers Advisors LLC now owns 147,516 shares of the transportation company’s stock valued at $3,105,000 after acquiring an additional 2,089 shares in the last quarter. Vanguard Group Inc raised its stake in shares of Marten Transport by 2.4% in the 3rd quarter. Vanguard Group Inc now owns 2,272,199 shares of the transportation company’s stock valued at $47,830,000 after acquiring an additional 53,344 shares in the last quarter. Clearbridge Investments LLC raised its stake in shares of Marten Transport by 938,690.4% in the 3rd quarter. Clearbridge Investments LLC now owns 685,317 shares of the transportation company’s stock valued at $14,426,000 after acquiring an additional 685,244 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Marten Transport by 2.4% in the 3rd quarter. Vanguard Group Inc. now owns 2,272,199 shares of the transportation company’s stock valued at $47,830,000 after acquiring an additional 53,344 shares in the last quarter. Finally, Morgan Stanley raised its stake in shares of Marten Transport by 375.6% in the 3rd quarter. Morgan Stanley now owns 694,419 shares of the transportation company’s stock valued at $14,617,000 after acquiring an additional 548,425 shares in the last quarter. 69.95% of the stock is currently owned by institutional investors and hedge funds.

Shares of NASDAQ MRTN opened at $17.71 on Friday. Marten Transport has a one year low of $15.39 and a one year high of $29.60. The stock has a market cap of $951.47 million, a price-to-earnings ratio of 28.56 and a beta of 1.44.

Marten Transport (NASDAQ:MRTN) last announced its quarterly earnings data on Tuesday, October 16th. The transportation company reported $0.28 EPS for the quarter, topping the Zacks’ consensus estimate of $0.26 by $0.02. Marten Transport had a return on equity of 8.81% and a net margin of 13.62%. The firm had revenue of $199.60 million during the quarter, compared to analyst estimates of $203.10 million. During the same period last year, the company posted $0.14 EPS. The business’s quarterly revenue was up 16.9% compared to the same quarter last year. Equities analysts predict that Marten Transport will post 0.99 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 28th. Investors of record on Tuesday, December 18th were paid a $0.025 dividend. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.56%. The ex-dividend date of this dividend was Monday, December 17th. Marten Transport’s payout ratio is 16.13%.

Marten Transport Company Profile

Marten Transport, Ltd. operates as a temperature-sensitive truckload carrier for shippers in the United States, Canada, and Mexico. It operates through four segments: Truckload, Dedicated, Intermodal, and Brokerage. The Truckload segment transports food and other consumer packaged goods that require a temperature-controlled or insulated environment.

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