Marten Transport, Ltd. (NASDAQ:MRTN) was downgraded by research analysts at BidaskClub from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Friday.

MRTN has been the subject of several other research reports. ValuEngine raised shares of Marten Transport from a “hold” rating to a “buy” rating in a research report on Tuesday, July 11th. Zacks Investment Research lowered shares of Marten Transport from a “hold” rating to a “sell” rating in a research report on Wednesday, June 21st. Finally, Stifel Nicolaus set a $15.00 price target on shares of Marten Transport and gave the company a “hold” rating in a research report on Wednesday. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. Marten Transport currently has an average rating of “Hold” and an average target price of $16.50.

Marten Transport (MRTN) opened at 15.90 on Friday. The firm has a market cap of $866.74 million, a price-to-earnings ratio of 25.56 and a beta of 1.27. The firm’s 50-day moving average price is $16.17 and its 200-day moving average price is $15.15. Marten Transport has a 1-year low of $11.22 and a 1-year high of $17.90.

Marten Transport (NASDAQ:MRTN) last issued its earnings results on Thursday, July 20th. The transportation company reported $0.17 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.15 by $0.02. Marten Transport had a return on equity of 7.72% and a net margin of 4.96%. The business had revenue of $171.51 million during the quarter, compared to analyst estimates of $176.08 million. During the same quarter in the previous year, the firm earned $0.26 EPS. Marten Transport’s revenue was up 3.3% on a year-over-year basis. On average, equities research analysts anticipate that Marten Transport will post $0.63 earnings per share for the current year.

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In related news, Chairman Randolph L. Marten sold 50,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 6th. The stock was sold at an average price of $25.51, for a total transaction of $1,275,500.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider John H. Turner sold 4,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 6th. The shares were sold at an average price of $25.59, for a total value of $102,360.00. The disclosure for this sale can be found here. Insiders own 23.00% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Bank of Montreal Can increased its position in Marten Transport by 376.0% in the first quarter. Bank of Montreal Can now owns 4,355 shares of the transportation company’s stock valued at $101,000 after buying an additional 3,440 shares during the last quarter. PNC Financial Services Group Inc. increased its position in Marten Transport by 2.4% in the first quarter. PNC Financial Services Group Inc. now owns 4,688 shares of the transportation company’s stock valued at $111,000 after buying an additional 108 shares during the last quarter. SG Americas Securities LLC acquired a new position in Marten Transport during the second quarter valued at $116,000. State of Alaska Department of Revenue increased its position in Marten Transport by 78.9% in the second quarter. State of Alaska Department of Revenue now owns 4,580 shares of the transportation company’s stock valued at $125,000 after buying an additional 2,020 shares during the last quarter. Finally, Mason Street Advisors LLC increased its position in Marten Transport by 7.2% in the first quarter. Mason Street Advisors LLC now owns 5,418 shares of the transportation company’s stock valued at $127,000 after buying an additional 365 shares during the last quarter. Institutional investors and hedge funds own 41.47% of the company’s stock.

About Marten Transport

Marten Transport, Ltd. is a temperature-sensitive truckload carrier. The Company focuses on transporting and distributing food and other consumer-packaged goods that require a temperature-controlled or insulated environment. The Company operates through four segments: Truckload, Dedicated, Intermodal and Brokerage.

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