Healthcare of Ontario Pension Plan Trust Fund lifted its position in shares of Marten Transport, Ltd. (NASDAQ:MRTN – Get Rating) by 16.7% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 78,100 shares of the transportation company’s stock after purchasing an additional 11,200 shares during the period. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Marten Transport were worth $1,314,000 as of its most recent SEC filing.
Other institutional investors also recently modified their holdings of the company. Victory Capital Management Inc. raised its stake in Marten Transport by 1.5% in the first quarter. Victory Capital Management Inc. now owns 6,114,598 shares of the transportation company’s stock worth $108,331,000 after buying an additional 91,579 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in Marten Transport by 0.7% in the first quarter. Dimensional Fund Advisors LP now owns 5,991,568 shares of the transportation company’s stock worth $106,413,000 after buying an additional 40,954 shares in the last quarter. Vanguard Group Inc. raised its stake in Marten Transport by 2.3% in the first quarter. Vanguard Group Inc. now owns 3,982,879 shares of the transportation company’s stock worth $70,737,000 after buying an additional 90,235 shares in the last quarter. State Street Corp raised its stake in Marten Transport by 0.9% in the first quarter. State Street Corp now owns 2,643,980 shares of the transportation company’s stock worth $46,957,000 after buying an additional 22,930 shares in the last quarter. Finally, Granite Investment Partners LLC raised its stake in Marten Transport by 1.1% in the second quarter. Granite Investment Partners LLC now owns 1,148,394 shares of the transportation company’s stock worth $19,316,000 after buying an additional 12,664 shares in the last quarter. 69.75% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
MRTN has been the subject of a number of research reports. Vertical Research downgraded shares of Marten Transport from a “buy” rating to a “hold” rating and increased their price target for the stock from $24.00 to $25.00 in a research note on Wednesday, August 17th. Stephens increased their price target on shares of Marten Transport from $23.00 to $25.00 and gave the company an “overweight” rating in a report on Tuesday, October 18th. Finally, StockNews.com upgraded shares of Marten Transport from a “hold” rating to a “buy” rating in a report on Wednesday, November 9th.
Marten Transport Trading Up 0.9 %
Marten Transport (NASDAQ:MRTN – Get Rating) last issued its earnings results on Monday, October 17th. The transportation company reported $0.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.34 by ($0.02). The company had revenue of $324.45 million during the quarter, compared to analysts’ expectations of $319.97 million. Marten Transport had a return on equity of 16.58% and a net margin of 9.07%. The company’s revenue for the quarter was up 29.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.26 EPS. As a group, equities analysts predict that Marten Transport, Ltd. will post 1.36 earnings per share for the current year.
About Marten Transport
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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