State Street Corp boosted its position in Marten Transport, Ltd. (NASDAQ:MRTN) by 1.4% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 627,806 shares of the transportation company’s stock after buying an additional 8,954 shares during the period. State Street Corp owned approximately 1.15% of Marten Transport worth $17,201,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Vanguard Group Inc. boosted its position in Marten Transport by 2.3% in the second quarter. Vanguard Group Inc. now owns 1,261,440 shares of the transportation company’s stock valued at $34,563,000 after buying an additional 28,574 shares during the last quarter. Bank of New York Mellon Corp boosted its position in Marten Transport by 7.4% in the second quarter. Bank of New York Mellon Corp now owns 1,232,898 shares of the transportation company’s stock valued at $33,782,000 after buying an additional 84,766 shares during the last quarter. Goldman Sachs Group Inc. boosted its position in Marten Transport by 46.1% in the second quarter. Goldman Sachs Group Inc. now owns 980,124 shares of the transportation company’s stock valued at $26,856,000 after buying an additional 309,413 shares during the last quarter. Granite Investment Partners LLC boosted its position in Marten Transport by 71.2% in the second quarter. Granite Investment Partners LLC now owns 795,922 shares of the transportation company’s stock valued at $13,085,000 after buying an additional 331,098 shares during the last quarter. Finally, Northern Trust Corp boosted its position in Marten Transport by 28.2% in the second quarter. Northern Trust Corp now owns 635,987 shares of the transportation company’s stock valued at $17,425,000 after buying an additional 139,743 shares during the last quarter. Hedge funds and other institutional investors own 55.85% of the company’s stock.

A number of brokerages recently commented on MRTN. Zacks Investment Research lowered Marten Transport from a “buy” rating to a “hold” rating in a research report on Wednesday, October 4th. Stifel Nicolaus reiterated a “hold” rating and issued a $15.00 target price on shares of Marten Transport in a research report on Sunday, October 1st. Finally, BidaskClub lowered Marten Transport from a “hold” rating to a “sell” rating in a research report on Friday, August 25th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $19.00.

Shares of Marten Transport, Ltd. (NASDAQ MRTN) opened at $18.90 on Monday. Marten Transport, Ltd. has a 52-week low of $12.81 and a 52-week high of $21.15. The company has a market capitalization of $1,030.46, a P/E ratio of 30.98 and a beta of 1.35.

Marten Transport (NASDAQ:MRTN) last released its quarterly earnings data on Thursday, October 19th. The transportation company reported $0.14 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.13 by $0.01. Marten Transport had a return on equity of 7.45% and a net margin of 4.87%. The business had revenue of $170.70 million for the quarter, compared to analyst estimates of $169.67 million. During the same quarter in the prior year, the firm posted $0.26 EPS. The business’s quarterly revenue was up .1% compared to the same quarter last year. analysts forecast that Marten Transport, Ltd. will post 0.62 earnings per share for the current year.

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Marten Transport Company Profile

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.

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

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