Marten Transport (MRTN) Stock Rating Upgraded by BidaskClub
Marten Transport (NASDAQ:MRTN) was upgraded by stock analysts at BidaskClub from a “hold” rating to a “buy” rating in a note issued to investors on Tuesday.
A number of other research analysts also recently weighed in on MRTN. Zacks Investment Research downgraded shares of Marten Transport from a “buy” rating to a “hold” rating in a research report on Thursday, September 21st. Stifel Nicolaus reaffirmed a “hold” rating and issued a $15.00 target price on shares of Marten Transport in a research report on Sunday, October 1st. Finally, Stephens reaffirmed a “buy” rating and issued a $25.00 target price on shares of Marten Transport in a research report on Wednesday, January 10th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $21.00.
Marten Transport (MRTN) opened at $21.95 on Tuesday. The firm has a market cap of $1,185.85, a price-to-earnings ratio of 35.98 and a beta of 1.34. Marten Transport has a 12-month low of $12.81 and a 12-month high of $22.35.
Institutional investors have recently added to or reduced their stakes in the stock. Shell Asset Management Co. grew its position in Marten Transport by 34.3% in the third quarter. Shell Asset Management Co. now owns 45,292 shares of the transportation company’s stock valued at $807,000 after purchasing an additional 11,579 shares in the last quarter. Granite Investment Partners LLC lifted its stake in Marten Transport by 6.3% in the third quarter. Granite Investment Partners LLC now owns 845,925 shares of the transportation company’s stock valued at $17,384,000 after acquiring an additional 50,003 shares during the last quarter. Strs Ohio acquired a new stake in Marten Transport in the third quarter valued at $611,000. State Street Corp lifted its stake in Marten Transport by 1.4% in the second quarter. State Street Corp now owns 627,806 shares of the transportation company’s stock valued at $17,201,000 after acquiring an additional 8,954 shares during the last quarter. Finally, Prudential Financial Inc. lifted its stake in Marten Transport by 110.5% in the third quarter. Prudential Financial Inc. now owns 85,982 shares of the transportation company’s stock valued at $1,767,000 after acquiring an additional 45,138 shares during the last quarter. 68.40% of the stock is owned by institutional investors and hedge funds.
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Marten Transport Company 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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