Marten Transport, Ltd. (NASDAQ:MRTN) Shares Sold by Geneva Capital Management LLC

Geneva Capital Management LLC reduced its position in shares of Marten Transport, Ltd. (NASDAQ:MRTN) by 2.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,140,280 shares of the transportation company’s stock after selling 91,324 shares during the period. Geneva Capital Management LLC’s holdings in Marten Transport were worth $49,020,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. Nuance Investments LLC boosted its stake in Marten Transport by 13.0% during the third quarter. Nuance Investments LLC now owns 2,627,111 shares of the transportation company’s stock valued at $46,500,000 after buying an additional 303,132 shares in the last quarter. US Bancorp DE boosted its holdings in Marten Transport by 3,788.8% during the fourth quarter. US Bancorp DE now owns 263,425 shares of the transportation company’s stock worth $4,112,000 after buying an additional 256,651 shares in the last quarter. Hodges Capital Management Inc. boosted its holdings in Marten Transport by 158.0% during the fourth quarter. Hodges Capital Management Inc. now owns 303,200 shares of the transportation company’s stock worth $4,732,000 after buying an additional 185,700 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in Marten Transport by 22.6% during the third quarter. JPMorgan Chase & Co. now owns 685,308 shares of the transportation company’s stock worth $12,130,000 after buying an additional 126,150 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in Marten Transport by 8.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,024,117 shares of the transportation company’s stock worth $15,986,000 after buying an additional 83,686 shares in the last quarter. 69.12% of the stock is owned by institutional investors and hedge funds.

Marten Transport Stock Up 0.5 %

Shares of MRTN stock opened at $14.27 on Thursday. The company’s fifty day simple moving average is $15.38 and its 200-day simple moving average is $16.39. The firm has a market cap of $1.16 billion, a PE ratio of 41.97 and a beta of 0.83. Marten Transport, Ltd. has a 12 month low of $14.17 and a 12 month high of $19.34.

Marten Transport (NASDAQ:MRTN) last released its quarterly earnings results on Monday, January 27th. The transportation company reported $0.07 EPS for the quarter, beating the consensus estimate of $0.06 by $0.01. Marten Transport had a net margin of 2.79% and a return on equity of 3.52%. On average, equities analysts predict that Marten Transport, Ltd. will post 0.41 earnings per share for the current fiscal year.

Marten Transport Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be given a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 1.68%. The ex-dividend date is Friday, March 14th. Marten Transport’s dividend payout ratio (DPR) is 70.59%.

Wall Street Analyst Weigh In

Separately, Stephens upped their price target on shares of Marten Transport from $18.00 to $19.00 and gave the company an “overweight” rating in a research report on Tuesday, January 28th.

Marten Transport Profile

Marten Transport, Ltd. operates as a temperature-sensitive truckload carrier for shippers in the United State, Mexico, and Canada. The company 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, as well as dry freight; and regional short-haul and medium-to-long-haul full-load transportation services.