Parametric Portfolio Associates LLC increased its position in shares of Marten Transport, Ltd. (NASDAQ:MRTN) by 3.1% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 69,818 shares of the transportation company’s stock after buying an additional 2,132 shares during the quarter. Parametric Portfolio Associates LLC owned 0.13% of Marten Transport worth $1,913,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in MRTN. Prudential Financial Inc. grew its position in Marten Transport by 6.6% during the first quarter. Prudential Financial Inc. now owns 44,094 shares of the transportation company’s stock worth $1,034,000 after buying an additional 2,730 shares in the last quarter. OppenheimerFunds Inc. grew its position in Marten Transport by 27.4% during the first quarter. OppenheimerFunds Inc. now owns 21,262 shares of the transportation company’s stock worth $499,000 after buying an additional 4,576 shares in the last quarter. Principal Financial Group Inc. grew its position in Marten Transport by 3.7% during the first quarter. Principal Financial Group Inc. now owns 182,742 shares of the transportation company’s stock worth $4,285,000 after buying an additional 6,525 shares in the last quarter. FMR LLC grew its position in Marten Transport by 5.6% during the first quarter. FMR LLC now owns 135,000 shares of the transportation company’s stock worth $3,166,000 after buying an additional 7,100 shares in the last quarter. Finally, Teachers Advisors LLC grew its position in Marten Transport by 5.9% during the first quarter. Teachers Advisors LLC now owns 40,607 shares of the transportation company’s stock worth $952,000 after buying an additional 2,265 shares in the last quarter. 44.03% of the stock is currently owned by institutional investors and hedge funds.

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A number of research analysts have commented on the stock. Zacks Investment Research cut shares of Marten Transport from a “buy” rating to a “hold” rating in a research note on Wednesday, October 4th. Stifel Nicolaus restated a “hold” rating and set a $15.00 price target on shares of Marten Transport in a research note on Sunday, October 1st. Finally, BidaskClub cut shares of Marten Transport from a “hold” rating to a “sell” rating in a research note on Friday, August 25th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $19.00.

Marten Transport, Ltd. (MRTN) opened at $18.70 on Friday. The company has a market cap of $1,019.56, a PE ratio of 30.66 and a beta of 1.35. Marten Transport, Ltd. has a one year low of $12.48 and a one year high of $21.15.

Marten Transport (NASDAQ:MRTN) last announced its quarterly earnings results on Thursday, October 19th. The transportation company reported $0.14 EPS for the quarter, topping analysts’ consensus estimates of $0.13 by $0.01. The firm had revenue of $170.70 million during the quarter, compared to analysts’ expectations of $169.67 million. Marten Transport had a net margin of 4.87% and a return on equity of 7.45%. The company’s revenue for the quarter was up .1% compared to the same quarter last year. During the same quarter last year, the company earned $0.26 earnings per share. equities analysts forecast that Marten Transport, Ltd. will post 0.62 earnings per share for the current fiscal year.

Marten Transport 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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Institutional Ownership by Quarter for Marten Transport (NASDAQ:MRTN)

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