The Manufacturers Life Insurance Company Grows Position in Marten Transport, Ltd. (MRTN)

The Manufacturers Life Insurance Company increased its position in shares of Marten Transport, Ltd. (NASDAQ:MRTN) by 6.2% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 19,559 shares of the transportation company’s stock after purchasing an additional 1,147 shares during the quarter. The Manufacturers Life Insurance Company ‘s holdings in Marten Transport were worth $322,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in MRTN. Teachers Advisors LLC lifted its holdings in Marten Transport by 5.9% in the first quarter. Teachers Advisors LLC now owns 40,607 shares of the transportation company’s stock valued at $952,000 after acquiring an additional 2,265 shares during the period. Vanguard Group Inc. lifted its holdings in Marten Transport by 7.7% in the first quarter. Vanguard Group Inc. now owns 1,232,866 shares of the transportation company’s stock valued at $28,911,000 after acquiring an additional 87,941 shares during the period. Geode Capital Management LLC lifted its holdings in Marten Transport by 7.7% in the first quarter. Geode Capital Management LLC now owns 198,693 shares of the transportation company’s stock valued at $4,659,000 after acquiring an additional 14,143 shares during the period. State Street Corp lifted its holdings in Marten Transport by 1.6% in the first quarter. State Street Corp now owns 618,852 shares of the transportation company’s stock valued at $14,510,000 after acquiring an additional 9,638 shares during the period. Finally, AQR Capital Management LLC lifted its holdings in Marten Transport by 48.9% in the first quarter. AQR Capital Management LLC now owns 50,095 shares of the transportation company’s stock valued at $1,175,000 after acquiring an additional 16,441 shares during the period. 68.41% of the stock is owned by hedge funds and other institutional investors.

Marten Transport, Ltd. (NASDAQ:MRTN) opened at $20.00 on Friday. Marten Transport, Ltd. has a twelve month low of $12.81 and a twelve month high of $21.15. The stock has a market capitalization of $1,090.44, a P/E ratio of 32.79 and a beta of 1.34.

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

A number of research analysts have issued reports on MRTN shares. Zacks Investment Research downgraded Marten Transport from a “buy” rating to a “hold” rating in a report on Wednesday, October 4th. Stifel Nicolaus reissued a “hold” rating and issued a $15.00 price target on shares of Marten Transport in a report on Sunday, October 1st. Finally, BidaskClub downgraded Marten Transport from a “hold” rating to a “sell” rating in a report on Friday, August 25th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company’s stock. The stock has an average 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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