Marten Transport, Ltd (MRTN) Shares Bought by Geode Capital Management LLC

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.

Several brokerages have commented on MRTN. Zacks Investment Research raised shares of Marten Transport from a “hold” rating to a “buy” rating and set a $19.00 price target on the stock in a research report on Wednesday, December 19th. BidaskClub cut shares of Marten Transport from a “hold” rating to a “sell” rating in a report on Tuesday, March 19th. Finally, ValuEngine raised shares of Marten Transport from a “hold” rating to a “buy” rating in a report on Thursday, January 24th. One research analyst has rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. Marten Transport currently has an average rating of “Hold” and a consensus target price of $20.67.

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%.

COPYRIGHT VIOLATION WARNING: This news story was first published by Community Financial News and is owned by of Community Financial News. If you are accessing this news story on another website, it was illegally copied and reposted in violation of U.S. & international copyright and trademark legislation. The original version of this news story can be accessed at https://www.com-unik.info/2019/04/17/marten-transport-ltd-mrtn-shares-bought-by-geode-capital-management-llc.html.

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.

See Also: Guidelines for Successful Channel Trading

Want to see what other hedge funds are holding MRTN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Marten Transport, Ltd (NASDAQ:MRTN).

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

Receive News & Ratings for Marten Transport Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Marten Transport and related companies with MarketBeat.com's FREE daily email newsletter.



Comments


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit