PDT Partners LLC Takes $817,000 Position in Marten Transport, Ltd. $MRTN

PDT Partners LLC purchased a new position in Marten Transport, Ltd. (NASDAQ:MRTN) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 47,063 shares of the transportation company’s stock, valued at approximately $817,000. PDT Partners LLC owned approximately 0.06% of Marten Transport at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Global Retirement Partners LLC increased its holdings in Marten Transport by 2,083.8% during the 4th quarter. Global Retirement Partners LLC now owns 2,555 shares of the transportation company’s stock worth $29,000 after acquiring an additional 2,438 shares during the period. CIBC Private Wealth Group LLC bought a new position in Marten Transport in the 3rd quarter valued at $40,000. Farther Finance Advisors LLC boosted its holdings in Marten Transport by 3,553.8% in the 4th quarter. Farther Finance Advisors LLC now owns 3,873 shares of the transportation company’s stock valued at $44,000 after purchasing an additional 3,767 shares during the period. State of Wyoming purchased a new position in shares of Marten Transport during the 1st quarter valued at $68,000. Finally, Tower Research Capital LLC TRC grew its position in shares of Marten Transport by 378.7% during the 2nd quarter. Tower Research Capital LLC TRC now owns 5,610 shares of the transportation company’s stock valued at $73,000 after purchasing an additional 4,438 shares in the last quarter. 69.12% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

MRTN has been the topic of a number of recent analyst reports. Stephens lowered their price objective on Marten Transport from $18.00 to $16.00 and set an “equal weight” rating on the stock in a research report on Friday, July 24th. Weiss Ratings restated a “hold (c-)” rating on shares of Marten Transport in a research report on Tuesday, June 30th. One research analyst has rated the stock with a Strong Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $16.00.

Marten Transport Price Performance

Shares of MRTN opened at $14.46 on Friday. Marten Transport, Ltd. has a 1-year low of $9.35 and a 1-year high of $18.48. The company has a market capitalization of $1.18 billion, a P/E ratio of 85.06 and a beta of 0.95. The firm’s 50 day simple moving average is $16.13 and its 200 day simple moving average is $15.15.

Marten Transport (NASDAQ:MRTN) last released its quarterly earnings results on Thursday, July 23rd. The transportation company reported $0.07 EPS for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.01). The company had revenue of $223.54 million during the quarter, compared to analysts’ expectations of $227.10 million. Marten Transport had a return on equity of 1.65% and a net margin of 1.47%.Marten Transport’s quarterly revenue was down 2.8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.09 EPS. On average, equities analysts anticipate that Marten Transport, Ltd. will post 0.27 earnings per share for the current year.

Marten Transport Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Wednesday, September 16th will be given a $0.06 dividend. The ex-dividend date is Wednesday, September 16th. This represents a $0.24 annualized dividend and a yield of 1.7%. Marten Transport’s payout ratio is 141.18%.

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.