Municipal Employees Retirement System of Michigan raised its position in Marten Transport, Ltd. (NASDAQ:MRTN) by 128.7% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 19,943 shares of the transportation company’s stock after purchasing an additional 11,223 shares during the period. Municipal Employees Retirement System of Michigan’s holdings in Marten Transport were worth $410,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Louisiana State Employees Retirement System lifted its holdings in shares of Marten Transport by 1.1% during the 2nd quarter. Louisiana State Employees Retirement System now owns 9,500 shares of the transportation company’s stock worth $260,000 after acquiring an additional 100 shares during the last quarter. Suntrust Banks Inc. lifted its holdings in shares of Marten Transport by 0.9% during the 2nd quarter. Suntrust Banks Inc. now owns 13,597 shares of the transportation company’s stock worth $371,000 after acquiring an additional 123 shares during the last quarter. Falcon Point Capital LLC lifted its holdings in shares of Marten Transport by 0.5% during the 2nd quarter. Falcon Point Capital LLC now owns 27,448 shares of the transportation company’s stock worth $752,000 after acquiring an additional 134 shares during the last quarter. Texas Permanent School Fund lifted its holdings in shares of Marten Transport by 1.0% during the 2nd quarter. Texas Permanent School Fund now owns 16,945 shares of the transportation company’s stock worth $464,000 after acquiring an additional 168 shares during the last quarter. Finally, Green Square Capital LLC lifted its holdings in shares of Marten Transport by 2.9% during the 2nd quarter. Green Square Capital LLC now owns 15,216 shares of the transportation company’s stock worth $417,000 after acquiring an additional 425 shares during the last quarter. 68.45% of the stock is owned by hedge funds and other institutional investors.

A number of analysts have recently issued reports on MRTN shares. Zacks Investment Research raised shares of Marten Transport from a “hold” rating to a “buy” rating and set a $20.00 price objective for the company in a report on Thursday, September 7th. Stifel Nicolaus set a $15.00 price objective on shares of Marten Transport and gave the stock a “hold” rating in a report on Wednesday, August 23rd. Finally, BidaskClub raised shares of Marten Transport from a “sell” rating to a “hold” rating in a report on Wednesday, August 16th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $19.00.

Marten Transport, Ltd. (NASDAQ:MRTN) opened at $20.00 on Friday. The company has a market cap of $1,082.26, a price-to-earnings ratio of 32.54 and a beta of 1.34. Marten Transport, Ltd. has a 52-week low of $12.81 and a 52-week high of $21.15.

Marten Transport (NASDAQ:MRTN) last issued its 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 company had revenue of $170.70 million for 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 firm’s revenue was up .1% compared to the same quarter last year. During the same quarter last year, the company earned $0.26 EPS. analysts expect that Marten Transport, Ltd. will post 0.62 earnings per share for the current year.

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About Marten Transport

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.

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

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