Marten Transport, Ltd (NASDAQ:MRTN) has earned an average recommendation of “Buy” from the six analysts that are presently covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $23.33.
Several analysts recently weighed in on the company. Zacks Investment Research lowered Marten Transport from a “buy” rating to a “hold” rating in a report on Wednesday, January 31st. Stephens restated a “buy” rating and set a $25.00 price target on shares of Marten Transport in a report on Wednesday, January 10th. Seaport Global Securities upgraded Marten Transport from a “neutral” rating to a “buy” rating and set a $30.00 price target on the stock in a report on Friday, January 26th. Finally, BidaskClub upgraded Marten Transport from a “hold” rating to a “buy” rating in a report on Friday, February 2nd.
Shares of Marten Transport (NASDAQ MRTN) opened at $22.10 on Tuesday. The stock has a market capitalization of $1,205.19, a P/E ratio of 13.48 and a beta of 1.38. Marten Transport has a twelve month low of $12.99 and a twelve month high of $29.60.
In related news, Director Larry B. Hagness sold 12,000 shares of the stock in a transaction on Friday, February 2nd. The stock was sold at an average price of $23.39, for a total transaction of $280,680.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 23.00% of the company’s stock.
Large investors have recently added to or reduced their stakes in the stock. Sei Investments Co. raised its holdings in Marten Transport by 109.8% during the 3rd quarter. Sei Investments Co. now owns 6,198 shares of the transportation company’s stock valued at $127,000 after buying an additional 3,244 shares during the period. Bogle Investment Management L P DE bought a new position in Marten Transport in the 4th quarter valued at $220,000. First Republic Investment Management Inc. bought a new position in Marten Transport in the 3rd quarter valued at $229,000. Stevens Capital Management LP bought a new position in Marten Transport in the 3rd quarter valued at $231,000. Finally, First Allied Advisory Services Inc. bought a new position in Marten Transport in the 3rd quarter valued at $237,000. Institutional investors own 66.22% of the company’s stock.
Marten Transport Company Profile
Marten Transport, Ltd. is a temperature-sensitive truckload carrier. The Company focuses on transporting and distributing food and other consumer-packaged goods that require a temperature-controlled or insulated environment. The Company operates through four segments: Truckload, Dedicated, Intermodal and Brokerage.
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