Van Hulzen Asset Management LLC Acquires 8,337 Shares of Marten Transport, Ltd. (NASDAQ:MRTN)

Van Hulzen Asset Management LLC increased its holdings in shares of Marten Transport, Ltd. (NASDAQ:MRTNGet Rating) by 28.3% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 37,757 shares of the transportation company’s stock after buying an additional 8,337 shares during the quarter. Van Hulzen Asset Management LLC’s holdings in Marten Transport were worth $648,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the stock. Advisor Group Holdings Inc. lifted its position in shares of Marten Transport by 10.2% during the 3rd quarter. Advisor Group Holdings Inc. now owns 8,020 shares of the transportation company’s stock worth $126,000 after buying an additional 740 shares during the last quarter. California State Teachers Retirement System raised its position in Marten Transport by 0.9% in the third quarter. California State Teachers Retirement System now owns 83,090 shares of the transportation company’s stock valued at $1,304,000 after purchasing an additional 757 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Marten Transport by 14.7% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,346 shares of the transportation company’s stock valued at $143,000 after purchasing an additional 1,072 shares during the last quarter. Voya Investment Management LLC raised its position in Marten Transport by 2.1% in the third quarter. Voya Investment Management LLC now owns 64,389 shares of the transportation company’s stock valued at $1,010,000 after purchasing an additional 1,300 shares during the last quarter. Finally, Metropolitan Life Insurance Co NY raised its position in Marten Transport by 11.2% in the third quarter. Metropolitan Life Insurance Co NY now owns 15,008 shares of the transportation company’s stock valued at $235,000 after purchasing an additional 1,508 shares during the last quarter. Institutional investors and hedge funds own 68.64% of the company’s stock.

Shares of MRTN traded up $0.26 during mid-day trading on Tuesday, reaching $16.21. 4,304 shares of the company were exchanged, compared to its average volume of 448,974. Marten Transport, Ltd. has a 52 week low of $14.72 and a 52 week high of $19.94. The company has a market capitalization of $1.35 billion, a PE ratio of 15.62 and a beta of 0.86. The stock has a 50 day simple moving average of $17.64.

Marten Transport (NASDAQ:MRTNGet Rating) last issued its quarterly earnings data on Tuesday, January 25th. The transportation company reported $0.30 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.27 by $0.03. Marten Transport had a return on equity of 13.29% and a net margin of 8.77%. The company had revenue of $266.88 million during the quarter, compared to the consensus estimate of $263.20 million. During the same period last year, the company earned $0.24 earnings per share. The firm’s revenue was up 17.4% compared to the same quarter last year. Equities analysts expect that Marten Transport, Ltd. will post 1.18 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 31st. Stockholders of record on Thursday, March 17th were given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.48%. This is an increase from Marten Transport’s previous quarterly dividend of $0.04. The ex-dividend date was Wednesday, March 16th. Marten Transport’s dividend payout ratio (DPR) is 23.08%.

In related news, CFO James J. Hinnendael sold 6,350 shares of the firm’s stock in a transaction that occurred on Thursday, March 10th. The stock was sold at an average price of $18.38, for a total transaction of $116,713.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Thomas J. Winkel sold 3,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 17th. The stock was sold at an average price of $19.93, for a total value of $59,790.00. The disclosure for this sale can be found here. Insiders have sold 29,324 shares of company stock valued at $526,179 over the last 90 days. 22.50% of the stock is owned by corporate insiders.

Several equities analysts have commented on the company. Zacks Investment Research downgraded Marten Transport from a “buy” rating to a “hold” rating in a research report on Wednesday, April 6th. StockNews.com assumed coverage on Marten Transport in a research report on Thursday, March 31st. They issued a “buy” rating for the company. Finally, Stephens increased their target price on Marten Transport from $21.00 to $22.00 in a research report on Friday, April 1st.

Marten Transport Profile (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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