Marten Transport, Ltd. (NASDAQ:MRTN)‘s stock had its “hold” rating reaffirmed by equities researchers at Stifel Nicolaus in a research note issued to investors on Sunday, October 1st. They presently have a $15.00 price objective on the transportation company’s stock. Stifel Nicolaus’ target price points to a potential downside of 21.47% from the company’s previous close.

A number of other brokerages have also recently issued reports on MRTN. Zacks Investment Research cut Marten Transport from a “buy” rating to a “hold” rating in a report on Thursday, September 21st. BidaskClub raised Marten Transport from a “sell” rating to a “hold” rating in a research report on Wednesday, August 16th. Finally, ValuEngine raised Marten Transport from a “hold” rating to a “buy” rating in a research report on Tuesday, July 11th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $19.00.

Shares of Marten Transport (NASDAQ:MRTN) traded down 2.05% during mid-day trading on Friday, hitting $19.10. The stock had a trading volume of 188,013 shares. The company has a 50 day moving average price of $18.70 and a 200 day moving average price of $16.22. The firm has a market cap of $1.04 billion, a P/E ratio of 30.71 and a beta of 1.32. Marten Transport has a 12-month low of $11.22 and a 12-month high of $21.15.

Marten Transport (NASDAQ:MRTN) last issued its earnings results on Thursday, July 20th. The transportation company reported $0.17 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.15 by $0.02. The business had revenue of $171.51 million for the quarter, compared to analysts’ expectations of $176.08 million. Marten Transport had a return on equity of 7.72% and a net margin of 4.96%. The company’s quarterly revenue was up 3.3% on a year-over-year basis. During the same period in the previous year, the firm posted $0.26 EPS. Equities analysts forecast that Marten Transport will post $0.61 earnings per share for the current fiscal year.

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Several institutional investors have recently modified their holdings of the company. Louisiana State Employees Retirement System boosted its position in shares of Marten Transport by 1.1% in the second quarter. Louisiana State Employees Retirement System now owns 9,500 shares of the transportation company’s stock worth $260,000 after buying an additional 100 shares during the period. PNC Financial Services Group Inc. boosted its position in shares of Marten Transport by 2.4% in the first quarter. PNC Financial Services Group Inc. now owns 4,688 shares of the transportation company’s stock worth $111,000 after buying an additional 108 shares during the period. Suntrust Banks Inc. boosted its position in shares of Marten Transport by 0.9% in the second quarter. Suntrust Banks Inc. now owns 13,597 shares of the transportation company’s stock worth $371,000 after buying an additional 123 shares during the period. Falcon Point Capital LLC boosted its position in shares of Marten Transport by 0.5% in the second quarter. Falcon Point Capital LLC now owns 27,448 shares of the transportation company’s stock worth $752,000 after buying an additional 134 shares during the period. Finally, Texas Permanent School Fund boosted its position in shares of Marten Transport by 1.0% in the second quarter. Texas Permanent School Fund now owns 16,945 shares of the transportation company’s stock worth $464,000 after buying an additional 168 shares during the period. 42.36% of the stock is owned by institutional investors and hedge funds.

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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