Geode Capital Management LLC grew its position in Marten Transport, Ltd (NASDAQ:MRTN) by 16.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 486,751 shares of the transportation company’s stock after acquiring an additional 67,959 shares during the period. Geode Capital Management LLC’s holdings in Marten Transport were worth $7,880,000 at the end of the most recent reporting period.
Other large investors have also recently bought and sold shares of the company. Dimensional Fund Advisors LP lifted its position in Marten Transport by 0.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 4,563,975 shares of the transportation company’s stock worth $73,891,000 after buying an additional 42,170 shares in the last quarter. United Services Automobile Association lifted its position in Marten Transport by 20.5% during the 4th quarter. United Services Automobile Association now owns 19,116 shares of the transportation company’s stock worth $309,000 after buying an additional 3,257 shares in the last quarter. Northern Trust Corp lifted its position in Marten Transport by 0.6% during the 4th quarter. Northern Trust Corp now owns 991,167 shares of the transportation company’s stock worth $16,048,000 after buying an additional 5,893 shares in the last quarter. Texas Permanent School Fund lifted its position in Marten Transport by 3.6% during the 4th quarter. Texas Permanent School Fund now owns 25,304 shares of the transportation company’s stock worth $410,000 after buying an additional 886 shares in the last quarter. Finally, BlackRock Inc. lifted its position in Marten Transport by 4.9% during the 4th quarter. BlackRock Inc. now owns 6,143,577 shares of the transportation company’s stock worth $99,464,000 after buying an additional 288,817 shares in the last quarter. Institutional investors own 69.45% of the company’s stock.
In other news, Chairman Randolph L. Marten sold 90,003 shares of the company’s stock in a transaction dated Thursday, February 7th. The shares were sold at an average price of $19.02, for a total value of $1,711,857.06. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Robert L. Demorest sold 6,250 shares of the company’s stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $18.05, for a total transaction of $112,812.50. Following the completion of the sale, the director now directly owns 20,666 shares in the company, valued at $373,021.30. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 191,066 shares of company stock worth $3,623,237. 23.00% of the stock is owned by insiders.
Shares of MRTN stock opened at $18.27 on Wednesday. The stock has a market capitalization of $998.56 million, a PE ratio of 18.27 and a beta of 1.52. Marten Transport, Ltd has a 52-week low of $15.39 and a 52-week high of $24.55.
Marten Transport (NASDAQ:MRTN) last issued its earnings results on Tuesday, April 16th. The transportation company reported $0.25 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.24 by $0.01. The company had revenue of $199.00 million for the quarter, compared to analysts’ expectations of $196.60 million. Marten Transport had a net margin of 6.99% and a return on equity of 9.89%. Marten Transport’s quarterly revenue was up 6.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.19 EPS. On average, analysts predict that Marten Transport, Ltd will post 1.09 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 15th were issued a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.66%. This is a boost from Marten Transport’s previous quarterly dividend of $0.03. The ex-dividend date was Thursday, March 14th. Marten Transport’s dividend payout ratio is presently 12.00%.
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Marten Transport 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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