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.

Marten Transport (NASDAQ:MRTN) last released its earnings results on Thursday, October 19th. The transportation company reported $0.14 earnings per share for the quarter, beating analysts’ consensus estimates of $0.13 by $0.01. The business had revenue of $170.70 million during the quarter, compared to the consensus estimate 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 for the quarter was up .1% compared to the same quarter last year. During the same quarter last year, the firm earned $0.26 earnings per share. equities analysts predict that Marten Transport will post 0.62 earnings per share for the current fiscal year.

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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