Marten Transport (NASDAQ:MRTN) Hits New 12-Month Low – What’s Next?

Marten Transport, Ltd. (NASDAQ:MRTN)’s share price hit a new 52-week low on Monday . The stock traded as low as $13.52 and last traded at $13.61, with a volume of 394407 shares. The stock had previously closed at $13.65.

Wall Street Analysts Forecast Growth

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

Marten Transport Trading Up 0.4 %

The firm has a market capitalization of $1.12 billion, a price-to-earnings ratio of 40.09 and a beta of 0.84. The company has a fifty day moving average price of $15.13 and a two-hundred day moving average price of $16.20.

Marten Transport (NASDAQ:MRTN) last issued its earnings results on Monday, January 27th. The transportation company reported $0.07 earnings per share for the quarter, topping the consensus estimate of $0.06 by $0.01. Marten Transport had a return on equity of 3.52% and a net margin of 2.79%. As a group, equities research analysts expect that Marten Transport, Ltd. will post 0.41 earnings per share for the current year.

Marten Transport Announces Dividend

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 dividend on an annualized basis and a dividend yield of 1.75%. The ex-dividend date of this dividend is Friday, March 14th. Marten Transport’s dividend payout ratio is currently 70.59%.

Institutional Trading of Marten Transport

Large investors have recently modified their holdings of the stock. Independence Bank of Kentucky purchased a new stake in shares of Marten Transport during the fourth quarter worth $40,000. Meeder Asset Management Inc. purchased a new stake in shares of Marten Transport during the fourth quarter worth $42,000. Johnson Financial Group Inc. acquired a new position in shares of Marten Transport during the fourth quarter worth $48,000. KBC Group NV grew its stake in shares of Marten Transport by 54.6% during the third quarter. KBC Group NV now owns 3,376 shares of the transportation company’s stock worth $60,000 after purchasing an additional 1,192 shares in the last quarter. Finally, Quantbot Technologies LP acquired a new position in shares of Marten Transport during the fourth quarter worth $100,000. Hedge funds and other institutional investors own 69.12% of the company’s stock.

Marten Transport Company 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.