Geneva Capital Management LLC Sells 71,547 Shares of Marten Transport, Ltd. $MRTN

Geneva Capital Management LLC lessened its holdings in Marten Transport, Ltd. (NASDAQ:MRTN) by 2.1% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 3,283,646 shares of the transportation company’s stock after selling 71,547 shares during the quarter. Geneva Capital Management LLC owned 4.03% of Marten Transport worth $35,004,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in Marten Transport by 7.3% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 14,855 shares of the transportation company’s stock worth $193,000 after acquiring an additional 1,014 shares during the period. Fox Run Management L.L.C. grew its position in shares of Marten Transport by 6.9% during the 2nd quarter. Fox Run Management L.L.C. now owns 21,114 shares of the transportation company’s stock worth $274,000 after purchasing an additional 1,362 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Marten Transport by 4.4% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 34,496 shares of the transportation company’s stock worth $473,000 after purchasing an additional 1,447 shares during the period. Royal Bank of Canada increased its holdings in shares of Marten Transport by 12.0% during the first quarter. Royal Bank of Canada now owns 17,028 shares of the transportation company’s stock worth $234,000 after purchasing an additional 1,826 shares during the period. Finally, Police & Firemen s Retirement System of New Jersey raised its position in shares of Marten Transport by 15.8% in the second quarter. Police & Firemen s Retirement System of New Jersey now owns 13,691 shares of the transportation company’s stock valued at $178,000 after buying an additional 1,865 shares in the last quarter. 69.12% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on MRTN. Weiss Ratings reiterated a “sell (d)” rating on shares of Marten Transport in a research note on Monday, December 29th. Zacks Research cut Marten Transport from a “hold” rating to a “strong sell” rating in a report on Tuesday, January 20th. Finally, Wall Street Zen upgraded Marten Transport from a “sell” rating to a “hold” rating in a research report on Saturday, January 31st. Two equities research analysts have rated the stock with a Sell rating, Based on data from MarketBeat, Marten Transport has a consensus rating of “Sell”.

Marten Transport Price Performance

Shares of MRTN opened at $12.47 on Wednesday. The firm has a 50 day simple moving average of $12.92 and a two-hundred day simple moving average of $11.58. Marten Transport, Ltd. has a one year low of $9.35 and a one year high of $15.42. The company has a market cap of $1.02 billion, a P/E ratio of 56.68 and a beta of 0.84.

Marten Transport (NASDAQ:MRTN) last issued its earnings results on Tuesday, January 27th. The transportation company reported $0.05 earnings per share for the quarter, beating analysts’ consensus estimates of $0.03 by $0.02. Marten Transport had a return on equity of 2.27% and a net margin of 1.97%.The firm had revenue of $210.11 million for the quarter, compared to the consensus estimate of $207.22 million. During the same quarter last year, the business posted $0.07 EPS. The company’s revenue was down 8.8% compared to the same quarter last year. On average, analysts expect that Marten Transport, Ltd. will post 0.41 earnings per share for the current fiscal year.

Marten Transport Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 17th will be given a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date is Tuesday, March 17th. Marten Transport’s payout ratio is currently 109.09%.

Marten Transport Profile

Marten Transport, Inc is a North American transportation services provider offering temperature-controlled and dry van truckload services. Founded in 1946 and headquartered in Mondovi, Wisconsin, the company specializes in full truckload, dedicated contract carriage, intermodal and port drayage solutions. Its core focus on refrigerated and produce freight has made it a key partner for food manufacturers, retailers and other shippers requiring strict temperature management.

The company maintains a modern fleet of tractors and trailers equipped with advanced telematics, electronic logging devices and continuous temperature monitoring.