Marten Transport, Ltd. (NASDAQ:MRTN) Shares Bought by First Hawaiian Bank

First Hawaiian Bank grew its position in shares of Marten Transport, Ltd. (NASDAQ:MRTNGet Rating) by 22.2% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 18,682 shares of the transportation company’s stock after acquiring an additional 3,390 shares during the quarter. First Hawaiian Bank’s holdings in Marten Transport were worth $332,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in MRTN. Goldman Sachs Group Inc. increased its stake in Marten Transport by 11.4% during the fourth quarter. Goldman Sachs Group Inc. now owns 2,086,688 shares of the transportation company’s stock worth $35,808,000 after acquiring an additional 213,833 shares during the last quarter. HighTower Advisors LLC purchased a new stake in shares of Marten Transport in the fourth quarter worth about $1,542,000. JPMorgan Chase & Co. boosted its position in shares of Marten Transport by 19.7% in the fourth quarter. JPMorgan Chase & Co. now owns 521,654 shares of the transportation company’s stock worth $8,953,000 after buying an additional 85,701 shares during the period. BNP Paribas Arbitrage SA boosted its position in shares of Marten Transport by 116.3% in the fourth quarter. BNP Paribas Arbitrage SA now owns 137,753 shares of the transportation company’s stock worth $2,364,000 after buying an additional 74,061 shares during the period. Finally, American Century Companies Inc. boosted its position in shares of Marten Transport by 39.0% in the fourth quarter. American Century Companies Inc. now owns 262,794 shares of the transportation company’s stock worth $4,510,000 after buying an additional 73,734 shares during the period. Institutional investors own 68.50% of the company’s stock.

Shares of MRTN opened at $16.47 on Friday. The company has a market capitalization of $1.35 billion, a P/E ratio of 14.32 and a beta of 0.83. Marten Transport, Ltd. has a one year low of $14.72 and a one year high of $19.94. The stock has a 50-day moving average price of $17.37 and a 200 day moving average price of $17.27.

Marten Transport (NASDAQ:MRTNGet Rating) last released its earnings results on Tuesday, April 19th. The transportation company reported $0.33 EPS for the quarter, topping analysts’ consensus estimates of $0.26 by $0.07. Marten Transport had a return on equity of 14.70% and a net margin of 9.15%. The company had revenue of $287.28 million for the quarter, compared to the consensus estimate of $262.17 million. During the same quarter last year, the business posted $0.22 EPS. Marten Transport’s quarterly revenue was up 28.8% compared to the same quarter last year. Sell-side analysts anticipate that Marten Transport, Ltd. will post 1.29 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 30th. Shareholders of record on Thursday, June 16th will be issued a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 1.46%. The ex-dividend date of this dividend is Wednesday, June 15th. Marten Transport’s dividend payout ratio is presently 20.87%.

MRTN has been the subject of several analyst reports. Stephens upped their target price on Marten Transport from $21.00 to $22.00 in a research report on Friday, April 1st. assumed coverage on Marten Transport in a report on Thursday, March 31st. They issued a “buy” rating for the company.

About Marten Transport (Get Rating)

Marten Transport, Ltd. operates as a temperature-sensitive truckload carrier for shippers in the United States, Canada, and Mexico. It 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.

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Institutional Ownership by Quarter for Marten Transport (NASDAQ:MRTN)

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