Marten Transport, Ltd. (NASDAQ:MRTN) Shares Sold by Yousif Capital Management LLC

Yousif Capital Management LLC lessened its stake in Marten Transport, Ltd. (NASDAQ:MRTN) by 9.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 28,687 shares of the transportation company’s stock after selling 3,120 shares during the quarter. Yousif Capital Management LLC’s holdings in Marten Transport were worth $602,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Jump Financial LLC acquired a new stake in shares of Marten Transport in the 3rd quarter worth $505,000. Wellington Management Group LLP acquired a new stake in Marten Transport during the third quarter worth about $12,907,000. Scopus Asset Management L.P. purchased a new position in Marten Transport during the third quarter worth about $1,141,000. Charles Schwab Investment Management Inc. boosted its holdings in Marten Transport by 3.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 753,287 shares of the transportation company’s stock valued at $14,847,000 after purchasing an additional 26,864 shares during the last quarter. Finally, Illinois Municipal Retirement Fund purchased a new stake in shares of Marten Transport in the 3rd quarter valued at approximately $662,000. Hedge funds and other institutional investors own 69.12% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently commented on MRTN shares. Vertical Research raised shares of Marten Transport from a “hold” rating to a “buy” rating and set a $25.00 price target on the stock in a research report on Wednesday, January 10th. Stephens decreased their price target on Marten Transport from $23.00 to $21.00 and set an “overweight” rating on the stock in a research note on Friday, April 19th.

Marten Transport Stock Performance

Shares of MRTN stock opened at $17.44 on Monday. The firm has a market cap of $1.42 billion, a P/E ratio of 24.56 and a beta of 0.79. The firm’s 50 day moving average price is $17.87 and its 200-day moving average price is $18.79. Marten Transport, Ltd. has a one year low of $15.33 and a one year high of $23.38.

Marten Transport (NASDAQ:MRTN) last announced its earnings results on Thursday, April 18th. The transportation company reported $0.12 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.12. Marten Transport had a return on equity of 7.65% and a net margin of 5.31%. The company had revenue of $249.67 million for the quarter, compared to analyst estimates of $262.77 million. During the same quarter in the previous year, the company earned $0.28 earnings per share. The firm’s quarterly revenue was down 16.2% compared to the same quarter last year.

Marten Transport Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 15th were paid a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 1.38%. The ex-dividend date of this dividend was Thursday, March 14th. Marten Transport’s payout ratio is 33.80%.

Marten Transport Company Profile

Marten Transport, Ltd. operates as a temperature-sensitive truckload carrier for shippers in the United State, Mexico, and Canada. The company 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, as well as dry freight; and regional short-haul and medium-to-long-haul full-load transportation services.