Texas Permanent School Fund Has $410,000 Position in Marten Transport, Ltd (NASDAQ:MRTN)

Texas Permanent School Fund grew its position in Marten Transport, Ltd (NASDAQ:MRTN) by 3.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 25,304 shares of the transportation company’s stock after purchasing an additional 886 shares during the period. Texas Permanent School Fund’s holdings in Marten Transport were worth $410,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Bank of Montreal Can grew its holdings in Marten Transport by 33.4% during the fourth quarter. Bank of Montreal Can now owns 4,767 shares of the transportation company’s stock worth $77,000 after acquiring an additional 1,193 shares during the period. Whittier Trust Co. purchased a new position in Marten Transport during the fourth quarter worth approximately $91,000. Verition Fund Management LLC purchased a new position in Marten Transport during the third quarter worth approximately $236,000. Oregon Public Employees Retirement Fund purchased a new position in Marten Transport during the fourth quarter worth approximately $238,000. Finally, LPL Financial LLC boosted its position in Marten Transport by 9.9% during the fourth quarter. LPL Financial LLC now owns 19,153 shares of the transportation company’s stock worth $310,000 after purchasing an additional 1,733 shares in the last quarter. 69.41% of the stock is currently owned by institutional investors and hedge funds.

Shares of NASDAQ MRTN traded down $0.11 during midday trading on Monday, hitting $18.19. The stock had a trading volume of 97,100 shares, compared to its average volume of 236,436. The company has a market cap of $995.28 million, a PE ratio of 18.19 and a beta of 1.52. Marten Transport, Ltd has a 1 year low of $15.39 and a 1 year high of $24.55.

Marten Transport (NASDAQ:MRTN) last released its earnings results on Thursday, January 24th. The transportation company reported $0.29 earnings per share for the quarter, beating the consensus estimate of $0.27 by $0.02. Marten Transport had a return on equity of 9.89% and a net margin of 6.99%. The business had revenue of $203.96 million for the quarter, compared to the consensus estimate of $208.13 million. During the same quarter last year, the business posted $0.16 earnings per share. The business’s quarterly revenue was up 11.6% compared to the same quarter last year. Research analysts forecast that Marten Transport, Ltd will post 1.09 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 15th were given a dividend of $0.03 per share. This is an increase from Marten Transport’s previous quarterly dividend of $0.03. The ex-dividend date was Thursday, March 14th. This represents a $0.12 dividend on an annualized basis and a yield of 0.66%. Marten Transport’s dividend payout ratio (DPR) is presently 12.00%.

A number of equities analysts have issued reports on MRTN shares. Zacks Investment Research downgraded Marten Transport from a “hold” rating to a “sell” rating in a research report on Thursday, March 28th. BidaskClub upgraded Marten Transport from a “sell” rating to a “hold” rating in a research report on Wednesday, March 27th. Finally, ValuEngine downgraded Marten Transport from a “buy” rating to a “hold” rating in a research report on Wednesday, January 30th. One equities research analyst has rated the stock with a sell rating and four have given a hold rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $20.67.

In other Marten Transport news, Director Robert L. Demorest sold 6,250 shares of the firm’s stock in a transaction on Friday, March 15th. The stock was sold at an average price of $18.05, for a total transaction of $112,812.50. Following the completion of the sale, the director now owns 20,666 shares of the company’s stock, valued at $373,021.30. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Randolph L. Marten sold 44,959 shares of the firm’s stock in a transaction on Tuesday, February 5th. The stock was sold at an average price of $19.20, for a total value of $863,212.80. The disclosure for this sale can be found here. In the last quarter, insiders have sold 191,066 shares of company stock worth $3,623,237. 23.00% of the stock is currently owned by company insiders.

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Marten Transport Profile

Marten Transport, Ltd. operates as a temperature-sensitive truckload carrier for shippers in the United States, Canada, and Mexico. It operates through four segments: Truckload, Dedicated, Intermodal, and Brokerage. The Truckload segment transports food and other consumer packaged goods that require a temperature-controlled or insulated environment.

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Institutional Ownership by Quarter for Marten Transport (NASDAQ:MRTN)

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