Marten Transport (NASDAQ:MRTN) Stock Rating Upgraded by Stephens

Marten Transport (NASDAQ:MRTN) was upgraded by Stephens to a “hold” rating in a report issued on Wednesday,Zacks.com reports.

A number of other analysts have also issued reports on MRTN. Robert W. Baird raised Marten Transport to a “strong-buy” rating in a research note on Wednesday, April 1st. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Marten Transport in a research note on Tuesday, June 30th. Finally, Zacks Research raised shares of Marten Transport from a “strong sell” rating to a “hold” rating in a research report on Friday, March 13th. One investment analyst has rated the stock with a Strong Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy”.

Marten Transport Stock Performance

MRTN stock opened at $17.18 on Wednesday. Marten Transport has a one year low of $9.35 and a one year high of $18.48. The stock has a market capitalization of $1.40 billion, a P/E ratio of 90.43 and a beta of 0.93. The company has a 50 day moving average price of $16.74 and a two-hundred day moving average price of $14.30.

Marten Transport (NASDAQ:MRTN) last announced its quarterly earnings data on Thursday, April 23rd. The transportation company reported $0.02 EPS for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.01). The business had revenue of $203.53 million during the quarter, compared to analysts’ expectations of $207.20 million. Marten Transport had a net margin of 1.68% and a return on equity of 1.89%. Marten Transport’s revenue for the quarter was down 8.8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.05 EPS. Research analysts forecast that Marten Transport will post 0.25 earnings per share for the current fiscal year.

Institutional Trading of Marten Transport

A number of institutional investors and hedge funds have recently bought and sold shares of the business. AlphaQuest LLC raised its holdings in Marten Transport by 0.6% in the fourth quarter. AlphaQuest LLC now owns 121,536 shares of the transportation company’s stock valued at $1,383,000 after buying an additional 755 shares during the period. Alliancebernstein L.P. lifted its holdings in shares of Marten Transport by 1.7% during the 3rd quarter. Alliancebernstein L.P. now owns 76,690 shares of the transportation company’s stock valued at $818,000 after acquiring an additional 1,271 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Marten Transport by 4.4% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 34,496 shares of the transportation company’s stock worth $473,000 after purchasing an additional 1,447 shares during the period. Sei Investments Co. increased its holdings in Marten Transport by 3.4% in the 3rd quarter. Sei Investments Co. now owns 48,628 shares of the transportation company’s stock valued at $518,000 after purchasing an additional 1,595 shares in the last quarter. Finally, Royal Bank of Canada raised its position in Marten Transport by 12.0% in the first quarter. Royal Bank of Canada now owns 17,028 shares of the transportation company’s stock valued at $234,000 after purchasing an additional 1,826 shares during the period. Institutional investors and hedge funds own 69.12% of the company’s stock.

About Marten Transport

Marten Transport, Inc is a North American transportation services provider offering temperature-controlled and dry van truckload services. Founded in 1946 and headquartered in Mondovi, Wisconsin, the company specializes in full truckload, dedicated contract carriage, intermodal and port drayage solutions. Its core focus on refrigerated and produce freight has made it a key partner for food manufacturers, retailers and other shippers requiring strict temperature management.

The company maintains a modern fleet of tractors and trailers equipped with advanced telematics, electronic logging devices and continuous temperature monitoring.