Nuance Investments LLC Boosts Stake in Marten Transport, Ltd. (NASDAQ:MRTN)
Nuance Investments LLC boosted its stake in shares of Marten Transport, Ltd. (NASDAQ:MRTN - Free Report) by 21.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,196,811 shares of the transportation company's stock after buying an additional 569,700 shares during the period. Marten Transport accounts for 2.0% of Nuance Investments LLC's investment portfolio, making the stock its 17th largest position. Nuance Investments LLC owned 3.92% of Marten Transport worth $49,902,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds have also recently modified their holdings of MRTN. Independence Bank of Kentucky purchased a new stake in shares of Marten Transport in the 4th quarter valued at approximately $40,000. Quantbot Technologies LP purchased a new stake in Marten Transport in the 4th quarter valued at about $100,000. Intech Investment Management LLC purchased a new position in Marten Transport during the third quarter worth about $181,000. Ieq Capital LLC purchased a new position in Marten Transport during the fourth quarter worth about $172,000. Finally, KLP Kapitalforvaltning AS purchased a new stake in shares of Marten Transport in the 4th quarter valued at approximately $181,000. Institutional investors and hedge funds own 69.12% of the company's stock.
Marten Transport stock opened at $13.74 on Wednesday. Marten Transport, Ltd. has a 52-week low of $13.45 and a 52-week high of $19.26. The company's 50 day moving average is $14.90 and its two-hundred day moving average is $16.03. The firm has a market cap of $1.12 billion, a PE ratio of 40.41 and a beta of 0.84.
Marten Transport (NASDAQ:MRTN - Get Free Report) last released its quarterly earnings data on Monday, January 27th. The transportation company reported $0.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.06 by $0.01. Marten Transport had a return on equity of 3.52% and a net margin of 2.79%. On average, equities research analysts anticipate that Marten Transport, Ltd. will post 0.41 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be given a $0.06 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.24 dividend on an annualized basis and a yield of 1.75%. Marten Transport's dividend payout ratio (DPR) is presently 70.59%.
Separately, Stephens lifted their target price on shares of Marten Transport from $18.00 to $19.00 and gave the company an "overweight" rating in a report on Tuesday, January 28th.
View Our Latest Stock Analysis on Marten Transport
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.
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