Marten Transport, Ltd (MRTN) Director Sells $280,680.00 in Stock

Marten Transport, Ltd (NASDAQ:MRTN) Director Larry B. Hagness sold 12,000 shares of the firm’s stock in a transaction that occurred on Friday, February 2nd. The stock was sold at an average price of $23.39, for a total transaction of $280,680.00. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Marten Transport, Ltd (NASDAQ:MRTN) opened at $22.45 on Tuesday. Marten Transport, Ltd has a 1 year low of $12.99 and a 1 year high of $29.60. The firm has a market cap of $1,220.00, a price-to-earnings ratio of 13.69 and a beta of 1.37.

Marten Transport (NASDAQ:MRTN) last issued its earnings results on Thursday, January 25th. The transportation company reported $0.16 EPS for the quarter, hitting the consensus estimate of $0.16. The company had revenue of $182.70 million for the quarter, compared to analyst estimates of $177.55 million. Marten Transport had a net margin of 12.93% and a return on equity of 7.17%. The business’s revenue was up 5.8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.25 EPS. analysts expect that Marten Transport, Ltd will post 0.84 EPS for the current year.

MRTN has been the topic of a number of research analyst reports. BidaskClub cut shares of Marten Transport from a “buy” rating to a “hold” rating in a report on Saturday, January 6th. Stephens reiterated a “buy” rating and issued a $25.00 price objective on shares of Marten Transport in a research report on Wednesday, January 10th. Zacks Investment Research upgraded shares of Marten Transport from a “hold” rating to a “buy” rating and set a $24.00 price objective on the stock in a research report on Saturday, January 20th. Finally, Seaport Global Securities upgraded shares of Marten Transport from a “neutral” rating to a “buy” rating and set a $30.00 price objective on the stock in a research report on Friday, January 26th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $23.50.

Several hedge funds and other institutional investors have recently modified their holdings of the business. Suntrust Banks Inc. boosted its position in shares of Marten Transport by 0.9% during the 2nd quarter. Suntrust Banks Inc. now owns 13,597 shares of the transportation company’s stock worth $371,000 after purchasing an additional 123 shares in the last quarter. Green Square Capital LLC boosted its position in shares of Marten Transport by 2.9% during the 2nd quarter. Green Square Capital LLC now owns 15,216 shares of the transportation company’s stock worth $417,000 after purchasing an additional 425 shares in the last quarter. Thrivent Financial For Lutherans boosted its position in shares of Marten Transport by 6.2% during the 2nd quarter. Thrivent Financial For Lutherans now owns 13,970 shares of the transportation company’s stock worth $383,000 after purchasing an additional 810 shares in the last quarter. Teachers Advisors LLC boosted its position in shares of Marten Transport by 2.4% during the 2nd quarter. Teachers Advisors LLC now owns 41,588 shares of the transportation company’s stock worth $1,140,000 after purchasing an additional 981 shares in the last quarter. Finally, The Manufacturers Life Insurance Company boosted its position in shares of Marten Transport by 6.2% during the 2nd 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 in the last quarter. Institutional investors own 69.88% of the company’s stock.

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Marten Transport Company 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.

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