Marten Transport Ltd. (MRTN) Insider John H. Turner Sells 6,000 Shares of Stock
Marten Transport Ltd. (NASDAQ:MRTN) insider John H. Turner sold 6,000 shares of the business’s stock in a transaction on Wednesday, November 16th. The shares were sold at an average price of $23.50, for a total transaction of $141,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.
John H. Turner also recently made the following trade(s):
- On Friday, September 2nd, John H. Turner sold 3,825 shares of Marten Transport stock. The stock was sold at an average price of $22.00, for a total transaction of $84,150.00.
Marten Transport Ltd. (NASDAQ:MRTN) traded down 1.05% during mid-day trading on Friday, reaching $23.65. The company had a trading volume of 38,206 shares. The firm’s 50-day moving average is $20.81 and its 200-day moving average is $20.67. Marten Transport Ltd. has a one year low of $15.49 and a one year high of $24.00. The firm has a market capitalization of $770.30 million, a P/E ratio of 22.96 and a beta of 1.19.
Marten Transport (NASDAQ:MRTN) last released its quarterly earnings data on Thursday, October 20th. The company reported $0.26 earnings per share for the quarter, beating the consensus estimate of $0.24 by $0.02. The business had revenue of $170.50 million for the quarter, compared to analyst estimates of $166.10 million. Marten Transport had a return on equity of 8.14% and a net margin of 5.09%. Marten Transport’s revenue was down .5% compared to the same quarter last year. During the same period last year, the firm posted $0.25 earnings per share. On average, equities research analysts anticipate that Marten Transport Ltd. will post $1.01 earnings per share for the current fiscal year.
A number of hedge funds have recently added to or reduced their stakes in the stock. Barclays PLC raised its stake in Marten Transport by 532.8% in the second quarter. Barclays PLC now owns 5,062 shares of the company’s stock valued at $100,000 after buying an additional 4,262 shares during the period. SG Americas Securities LLC acquired a new stake in Marten Transport during the third quarter valued at $104,000. JPMorgan Chase & Co. raised its stake in Marten Transport by 1,254.6% in the third quarter. JPMorgan Chase & Co. now owns 5,012 shares of the company’s stock valued at $105,000 after buying an additional 4,642 shares during the period. BlackRock Inc. raised its stake in Marten Transport by 245.2% in the second quarter. BlackRock Inc. now owns 6,130 shares of the company’s stock valued at $121,000 after buying an additional 4,354 shares during the period. Finally, BNP Paribas Arbitrage SA raised its stake in Marten Transport by 104.7% in the second quarter. BNP Paribas Arbitrage SA now owns 7,133 shares of the company’s stock valued at $141,000 after buying an additional 3,648 shares during the period. 68.74% of the stock is currently owned by institutional investors and hedge funds.
Several brokerages recently issued reports on MRTN. Zacks Investment Research upgraded shares of Marten Transport from a “sell” rating to a “hold” rating in a research report on Wednesday, September 21st. Avondale Partners cut Marten Transport from an “outperform” rating to a “market perform” rating and set a $22.00 price objective for the company. in a report on Friday, July 22nd.
About Marten Transport
Marten Transport, Ltd. is a national protective service transportation company. It is a temperature-sensitive truckload carrier. The Company specializes in 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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