Bank of New York Mellon Corp Has $10.02 Million Stock Holdings in Marten Transport, Ltd. (NASDAQ:MRTN)

Bank of New York Mellon Corp grew its position in shares of Marten Transport, Ltd. (NASDAQ:MRTN) by 7.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 641,833 shares of the transportation company’s stock after acquiring an additional 44,525 shares during the quarter. Bank of New York Mellon Corp owned about 0.79% of Marten Transport worth $10,019,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. JPMorgan Chase & Co. raised its position in Marten Transport by 22.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 685,308 shares of the transportation company’s stock valued at $12,130,000 after buying an additional 126,150 shares during the last quarter. Hodges Capital Management Inc. boosted its holdings in shares of Marten Transport by 158.0% in the 4th quarter. Hodges Capital Management Inc. now owns 303,200 shares of the transportation company’s stock worth $4,732,000 after buying an additional 185,700 shares during the last quarter. Barclays PLC grew its position in Marten Transport by 140.3% during the third quarter. Barclays PLC now owns 136,498 shares of the transportation company’s stock valued at $2,416,000 after buying an additional 79,689 shares during the period. Charles Schwab Investment Management Inc. grew its position in Marten Transport by 4.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 940,431 shares of the transportation company’s stock valued at $16,646,000 after buying an additional 38,990 shares during the period. Finally, BNP Paribas Financial Markets increased its holdings in Marten Transport by 120.6% during the third quarter. BNP Paribas Financial Markets now owns 138,508 shares of the transportation company’s stock worth $2,452,000 after buying an additional 75,721 shares during the last quarter. Institutional investors and hedge funds own 69.12% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Stephens lifted 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, January 28th.

Marten Transport Trading Down 1.9 %

Shares of MRTN stock opened at $13.65 on Friday. Marten Transport, Ltd. has a 12 month low of $13.56 and a 12 month high of $19.26. The stock has a market capitalization of $1.11 billion, a P/E ratio of 40.15 and a beta of 0.84. The firm’s 50 day moving average is $15.21 and its 200 day moving average is $16.26.

Marten Transport (NASDAQ:MRTN) last posted its quarterly earnings results on Monday, January 27th. The transportation company reported $0.07 EPS for the quarter, topping analysts’ consensus estimates 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 analysts predict that Marten Transport, Ltd. will post 0.41 EPS for the current year.

Marten Transport Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be issued a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 1.76%. The ex-dividend date of this dividend is Friday, March 14th. Marten Transport’s payout ratio is presently 70.59%.

Marten Transport 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.