Marten Transport (NASDAQ:MRTN) Shares Cross Above 200 Day Moving Average – Here’s What Happened

Marten Transport, Ltd. (NASDAQ:MRTN) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $11.43 and traded as high as $13.35. Marten Transport shares last traded at $13.24, with a volume of 532,132 shares.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on MRTN. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Marten Transport in a research report on Monday, December 29th. Wall Street Zen raised Marten Transport from a “sell” rating to a “hold” rating in a research note on Saturday, January 31st. Finally, Zacks Research lowered Marten Transport from a “hold” rating to a “strong sell” rating in a research report on Tuesday, January 20th. Two research analysts have rated the stock with a Sell rating, Based on data from MarketBeat.com, Marten Transport presently has a consensus rating of “Sell”.

Marten Transport Trading Up 0.2%

The firm’s fifty day moving average price is $12.37 and its 200 day moving average price is $11.43. The firm has a market capitalization of $1.08 billion, a PE ratio of 60.18 and a beta of 0.86.

Marten Transport (NASDAQ:MRTN) last announced its quarterly earnings data on Tuesday, January 27th. The transportation company reported $0.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.03 by $0.02. The business had revenue of $210.11 million during the quarter, compared to analyst estimates of $207.22 million. Marten Transport had a return on equity of 2.27% and a net margin of 1.97%.Marten Transport’s quarterly revenue was down 8.8% compared to the same quarter last year. During the same period last year, the company earned $0.07 earnings per share. As a group, research analysts expect that Marten Transport, Ltd. will post 0.41 EPS for the current year.

Marten Transport Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, December 29th. Stockholders of record on Monday, December 15th were issued a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 1.8%. The ex-dividend date was Monday, December 15th. Marten Transport’s payout ratio is currently 109.09%.

Hedge Funds Weigh In On Marten Transport

Several hedge funds and other institutional investors have recently added to or reduced their stakes in MRTN. Global Retirement Partners LLC grew its position in Marten Transport by 2,083.8% in the fourth 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 in the last quarter. Nisa Investment Advisors LLC lifted its stake in shares of Marten Transport by 660.8% in the 4th quarter. Nisa Investment Advisors LLC now owns 2,929 shares of the transportation company’s stock valued at $33,000 after purchasing an additional 2,544 shares during the last quarter. Hantz Financial Services Inc. acquired a new stake in shares of Marten Transport in the 2nd quarter valued at $35,000. Elevation Point Wealth Partners LLC bought a new stake in Marten Transport in the second quarter worth $39,000. Finally, CIBC Private Wealth Group LLC acquired a new position in Marten Transport during the third quarter worth $40,000. Institutional investors own 69.12% of the company’s stock.

Marten Transport Company 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.