AE Wealth Management LLC Sells 7,672 Shares of Marten Transport, Ltd (NASDAQ:MRTN)

AE Wealth Management LLC reduced its stake in Marten Transport, Ltd (NASDAQ:MRTN) by 30.9% during the third quarter, Holdings Channel.com reports. The firm owned 17,119 shares of the transportation company’s stock after selling 7,672 shares during the quarter. AE Wealth Management LLC’s holdings in Marten Transport were worth $356,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently made changes to their positions in the stock. BlackRock Inc. raised its holdings in Marten Transport by 2.1% in the 2nd quarter. BlackRock Inc. now owns 6,192,428 shares of the transportation company’s stock worth $112,393,000 after purchasing an additional 126,004 shares during the period. Victory Capital Management Inc. raised its holdings in Marten Transport by 4.4% in the 2nd quarter. Victory Capital Management Inc. now owns 2,318,002 shares of the transportation company’s stock worth $42,072,000 after purchasing an additional 97,978 shares during the period. Bank of New York Mellon Corp raised its holdings in Marten Transport by 5.0% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,433,302 shares of the transportation company’s stock worth $26,012,000 after purchasing an additional 67,814 shares during the period. Northern Trust Corp raised its holdings in Marten Transport by 2.6% in the 2nd quarter. Northern Trust Corp now owns 1,062,458 shares of the transportation company’s stock worth $19,283,000 after purchasing an additional 26,712 shares during the period. Finally, Granite Investment Partners LLC raised its holdings in Marten Transport by 12.0% in the 2nd quarter. Granite Investment Partners LLC now owns 944,158 shares of the transportation company’s stock worth $17,136,000 after purchasing an additional 101,302 shares during the period. 68.59% of the stock is currently owned by institutional investors.

Shares of Marten Transport stock opened at $21.38 on Tuesday. Marten Transport, Ltd has a one year low of $15.39 and a one year high of $22.80. The stock’s fifty day moving average is $21.53 and its 200 day moving average is $19.77. The stock has a market cap of $1.21 billion, a P/E ratio of 21.38 and a beta of 1.48.

Marten Transport (NASDAQ:MRTN) last announced its earnings results on Thursday, October 17th. The transportation company reported $0.30 EPS for the quarter, topping the Zacks’ consensus estimate of $0.28 by $0.02. Marten Transport had a return on equity of 10.40% and a net margin of 7.36%. The company had revenue of $214.97 million for the quarter, compared to analysts’ expectations of $208.10 million. During the same period last year, the firm earned $0.28 EPS. Marten Transport’s revenue for the quarter was up 7.7% compared to the same quarter last year. As a group, equities research analysts anticipate that Marten Transport, Ltd will post 1.1 EPS for the current fiscal year.

A number of equities analysts recently commented on MRTN shares. BidaskClub cut Marten Transport from a “buy” rating to a “hold” rating in a report on Tuesday, September 24th. Zacks Investment Research raised Marten Transport from a “sell” rating to a “hold” rating in a report on Wednesday, November 13th. Finally, KeyCorp raised Marten Transport from a “sector weight” rating to an “overweight” rating and set a $25.00 target price on the stock in a report on Monday, September 9th. Five investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $21.67.

Marten Transport Company Profile

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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