Nisa Investment Advisors LLC Sells 2,039 Shares of Marten Transport, Ltd. (NASDAQ:MRTN)

Nisa Investment Advisors LLC decreased its position in shares of Marten Transport, Ltd. (NASDAQ:MRTN) by 31.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,548 shares of the transportation company’s stock after selling 2,039 shares during the period. Nisa Investment Advisors LLC’s holdings in Marten Transport were worth $71,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Confluence Investment Management LLC grew its holdings in Marten Transport by 0.5% during the 4th quarter. Confluence Investment Management LLC now owns 154,916 shares of the transportation company’s stock valued at $2,418,000 after purchasing an additional 754 shares during the last quarter. KBC Group NV boosted its position in shares of Marten Transport by 54.6% during the third quarter. KBC Group NV now owns 3,376 shares of the transportation company’s stock valued at $60,000 after buying an additional 1,192 shares during the period. Truist Financial Corp grew its stake in shares of Marten Transport by 10.4% during the second quarter. Truist Financial Corp now owns 16,189 shares of the transportation company’s stock valued at $299,000 after buying an additional 1,522 shares during the last quarter. Franklin Resources Inc. raised its holdings in shares of Marten Transport by 5.2% in the third quarter. Franklin Resources Inc. now owns 31,148 shares of the transportation company’s stock worth $521,000 after buying an additional 1,526 shares during the period. Finally, Tectonic Advisors LLC lifted its stake in shares of Marten Transport by 5.7% during the 3rd quarter. Tectonic Advisors LLC now owns 28,533 shares of the transportation company’s stock worth $505,000 after acquiring an additional 1,538 shares during the last quarter. Hedge funds and other institutional investors own 69.12% of the company’s stock.

Marten Transport Stock Up 0.9 %

Shares of NASDAQ:MRTN opened at $15.50 on Friday. The business’s 50 day moving average is $16.26 and its 200 day moving average is $16.87. The stock has a market cap of $1.26 billion, a P/E ratio of 36.90 and a beta of 0.83. Marten Transport, Ltd. has a 52-week low of $14.96 and a 52-week high of $20.24.

Marten Transport (NASDAQ:MRTN) last posted its quarterly earnings results on Monday, January 27th. The transportation company reported $0.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.06 by $0.01. Marten Transport had a return on equity of 4.41% and a net margin of 3.36%. On average, sell-side analysts anticipate that Marten Transport, Ltd. will post 0.32 EPS for the current fiscal year.

Marten Transport Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Friday, December 13th were issued a $0.06 dividend. The ex-dividend date was Friday, December 13th. This represents a $0.24 annualized dividend and a dividend yield of 1.55%. Marten Transport’s dividend payout ratio is currently 57.14%.

Wall Street Analyst Weigh In

Several equities analysts have commented on MRTN shares. Raymond James downgraded Marten Transport from an “outperform” rating to a “market perform” rating in a research report on Monday, October 14th. Stephens upped their price target on shares of Marten Transport from $18.00 to $19.00 and gave the stock an “overweight” rating in a report on Tuesday.

About 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.