Teacher Retirement System of Texas Has $4.25 Million Stock Position in Marten Transport, Ltd. $MRTN

Teacher Retirement System of Texas boosted its position in shares of Marten Transport, Ltd. (NASDAQ:MRTN) by 13.7% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 398,704 shares of the transportation company’s stock after purchasing an additional 48,192 shares during the quarter. Teacher Retirement System of Texas owned about 0.49% of Marten Transport worth $4,250,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the business. Royal Bank of Canada increased its stake 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 in the last quarter. AQR Capital Management LLC boosted its holdings in Marten Transport by 18.7% in the 1st quarter. AQR Capital Management LLC now owns 61,335 shares of the transportation company’s stock valued at $842,000 after purchasing an additional 9,654 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake 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 acquiring an additional 1,447 shares during the period. Caxton Associates LLP acquired a new position in shares of Marten Transport in the 1st quarter valued at approximately $158,000. Finally, State of Alaska Department of Revenue boosted its holdings in shares of Marten Transport by 7.5% in the 2nd quarter. State of Alaska Department of Revenue now owns 34,440 shares of the transportation company’s stock valued at $446,000 after purchasing an additional 2,391 shares in the last quarter. Institutional investors and hedge funds own 69.12% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on MRTN shares. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Marten Transport in a research note on Monday, December 29th. Zacks Research downgraded Marten Transport from a “hold” rating to a “strong sell” rating in a report on Tuesday, January 20th. Two equities research analysts have rated the stock with a Sell rating, According to MarketBeat, the company currently has an average rating of “Sell”.

Marten Transport Stock Performance

Shares of MRTN opened at $12.46 on Wednesday. The firm has a market cap of $1.02 billion, a PE ratio of 51.92 and a beta of 0.87. Marten Transport, Ltd. has a 52-week low of $9.35 and a 52-week high of $16.95. The business’s 50 day moving average price is $11.56 and its two-hundred day moving average price is $11.39.

Marten Transport (NASDAQ:MRTN) last released its quarterly earnings data on Tuesday, January 27th. The transportation company reported $0.05 EPS for the quarter, beating the consensus estimate of $0.03 by $0.02. The firm had revenue of $210.11 million during the quarter, compared to the consensus estimate of $207.22 million. Marten Transport had a return on equity of 2.52% and a net margin of 2.14%.The company’s quarterly revenue was down 8.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.07 earnings per share. Research analysts predict that Marten Transport, Ltd. will post 0.41 EPS for the current fiscal year.

Marten Transport Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 29th. Investors of record on Monday, December 15th were issued a $0.06 dividend. The ex-dividend date of this dividend was Monday, December 15th. This represents a $0.24 annualized dividend and a yield of 1.9%. Marten Transport’s dividend payout ratio (DPR) is 100.00%.

Marten Transport Profile

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.