Marten Transport (NASDAQ:MRTN) Hits New 52-Week Low – What’s Next?

Shares of Marten Transport, Ltd. (NASDAQ:MRTN) hit a new 52-week low during mid-day trading on Friday . The stock traded as low as $14.55 and last traded at $14.47, with a volume of 22141 shares traded. The stock had previously closed at $14.96.

Analysts Set New Price Targets

Separately, Stephens increased their price target on Marten Transport from $18.00 to $19.00 and gave the company an “overweight” rating in a research note on Tuesday, January 28th.

Marten Transport Trading Down 0.6 %

The firm has a market capitalization of $1.21 billion, a P/E ratio of 43.74 and a beta of 0.83. The firm has a 50 day moving average price of $15.60 and a 200-day moving average price of $16.53.

Marten Transport (NASDAQ:MRTN) last posted its quarterly earnings data on Monday, January 27th. The transportation company reported $0.07 earnings per share for the quarter, topping analysts’ consensus estimates of $0.06 by $0.01. Marten Transport had a net margin of 2.79% and a return on equity of 3.52%. Research analysts anticipate that Marten Transport, Ltd. will post 0.41 earnings per share for the current year.

Marten Transport Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, December 27th. Shareholders of record on Friday, December 13th were given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 1.61%. The ex-dividend date was Friday, December 13th. Marten Transport’s dividend payout ratio (DPR) is presently 70.59%.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Independence Bank of Kentucky purchased a new position in Marten Transport during the fourth quarter valued at approximately $40,000. Meeder Asset Management Inc. bought a new stake in Marten Transport during the fourth quarter valued at about $42,000. Johnson Financial Group Inc. bought a new stake in shares of Marten Transport in the 4th quarter valued at about $48,000. KBC Group NV lifted its position in 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 acquiring an additional 1,192 shares during the last quarter. Finally, Quantbot Technologies LP purchased a new stake in shares of Marten Transport during the 4th quarter valued at $100,000. Hedge funds and other institutional investors own 69.12% of the company’s stock.

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.