Marten Transport (NASDAQ: MRTN) recently received a number of ratings updates from brokerages and research firms:

  • 8/25/2017 – Marten Transport was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 8/23/2017 – Marten Transport was given a new $15.00 price target on by analysts at Stifel Nicolaus. They now have a “hold” rating on the stock.
  • 8/19/2017 – Marten Transport was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $18.00 price target on the stock. According to Zacks, “Marten Transport, Ltd. is a long-haul truckload carrier providing protective service and time- sensitive transportation. Protective service transportation means temperature controlled or insulated carriage of temperature-sensitive materials and general commodities. “
  • 8/18/2017 – Marten Transport was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Marten Transport, Ltd. is a long-haul truckload carrier providing protective service and time- sensitive transportation. Protective service transportation means temperature controlled or insulated carriage of temperature-sensitive materials and general commodities. “
  • 8/16/2017 – Marten Transport was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 8/1/2017 – Marten Transport was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 7/25/2017 – Marten Transport was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $19.00 price target on the stock. According to Zacks, “Marten Transport, Ltd. is a long-haul truckload carrier providing protective service and time- sensitive transportation. Protective service transportation means temperature controlled or insulated carriage of temperature-sensitive materials and general commodities. “
  • 7/11/2017 – Marten Transport was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating.

Shares of Marten Transport, Ltd. (MRTN) traded up 2.33% during mid-day trading on Friday, hitting $17.55. 139,772 shares of the company were exchanged. The company has a 50 day moving average of $16.22 and a 200 day moving average of $15.24. Marten Transport, Ltd. has a 52 week low of $11.22 and a 52 week high of $17.90. The company has a market capitalization of $956.69 million, a P/E ratio of 28.22 and a beta of 1.27.

Marten Transport (NASDAQ:MRTN) last issued its quarterly earnings results on Thursday, July 20th. The transportation company reported $0.17 earnings per share for the quarter, beating the consensus estimate of $0.15 by $0.02. Marten Transport had a net margin of 4.96% and a return on equity of 7.72%. The business had revenue of $171.51 million for the quarter, compared to the consensus estimate of $176.08 million. During the same quarter in the previous year, the firm earned $0.26 earnings per share. The company’s revenue for the quarter was up 3.3% on a year-over-year basis. Equities analysts anticipate that Marten Transport, Ltd. will post $0.63 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 15th will be issued a dividend of $0.025 per share. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $0.10 annualized dividend and a yield of 0.58%. This is an increase from Marten Transport’s previous quarterly dividend of $0.02. Marten Transport’s payout ratio is currently 9.58%.

In other Marten Transport news, insider John H. Turner sold 4,000 shares of Marten Transport stock in a transaction that occurred on Tuesday, June 6th. The shares were sold at an average price of $25.59, for a total transaction of $102,360.00. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Chairman Randolph L. Marten sold 50,000 shares of Marten Transport stock in a transaction that occurred on Tuesday, June 6th. The shares were sold at an average price of $25.51, for a total transaction of $1,275,500.00. The disclosure for this sale can be found here. 23.00% of the stock is owned by insiders.

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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