The stock of Marten Transport, Ltd (NASDAQ:MRTN) hit a new 52-week high and has $25.22 target or 4.00% above today’s $24.25 share price. The 5 months bullish chart indicates low risk for the $805.01M company. The 1-year high was reported on Nov, 25 by Barchart.com. If the $25.22 price target is reached, the company will be worth $32.20 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. The stock increased 1.46% or $0.35 during the last trading session, hitting $24.25. About 33,245 shares traded hands. Marten Transport, Ltd (NASDAQ:MRTN) has risen 23.77% since April 22, 2016 and is uptrending. It has outperformed by 18.36% the S&P500.
Analysts await Marten Transport, Ltd (NASDAQ:MRTN) to report earnings on January, 24. They expect $0.25 EPS, down 3.85% or $0.01 from last year’s $0.26 per share. MRTN’s profit will be $8.30 million for 24.25 P/E if the $0.25 EPS becomes a reality. After $0.26 actual EPS reported by Marten Transport, Ltd for the previous quarter, Wall Street now forecasts -3.85% negative EPS growth.
Marten Transport, Ltd (NASDAQ:MRTN) Ratings Coverage
Out of 2 analysts covering Marten Transport (NASDAQ:MRTN), 1 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 50% are positive. Marten Transport has been the topic of 3 analyst reports since August 27, 2015 according to StockzIntelligence Inc. The rating was upgraded by Stifel Nicolaus to “Buy” on Thursday, August 27. The rating was maintained by Stifel Nicolaus on Wednesday, January 27 with “Buy”. Avondale downgraded the shares of MRTN in a report on Friday, July 22 to “Market Perform” rating.
According to Zacks Investment Research, “Marten Transport, Ltd. is a long-haul truckload carrier providing protective service and time- sensitive transportation. Protective service transportation means temperature controlled or insulated carriage of temperature-sensitive materials and general commodities.”
Insitutional Activity: The institutional sentiment decreased to 0.94 in Q2 2016. Its down 0.04, from 0.98 in 2016Q1. The ratio fall, as 9 funds sold all Marten Transport, Ltd shares owned while 47 reduced positions. 15 funds bought stakes while 40 increased positions. They now own 22.15 million shares or 3.90% more from 21.32 million shares in 2016Q1.
Moreover, Us National Bank De has 0% invested in Marten Transport, Ltd (NASDAQ:MRTN) for 15,646 shares. Bnp Paribas Arbitrage holds 0% of its portfolio in Marten Transport, Ltd (NASDAQ:MRTN) for 7,133 shares. Counselors Of Maryland Lc last reported 791,575 shares in the company. Aperio Grp Limited Liability Corporation holds 0% or 12,246 shares in its portfolio. Ubs Asset Mgmt Americas has invested 0% of its portfolio in Marten Transport, Ltd (NASDAQ:MRTN). Putnam Investments Ltd Co has 186,200 shares for 0.01% of their US portfolio. Louisiana State Employees Retirement System accumulated 0.01% or 10,200 shares. Legal And General Gp Public Limited Com has 0% invested in the company for 4,693 shares. Aqr Cap Management Lc last reported 0% of its portfolio in the stock. Bankshares Of Montreal Can, a Ontario – Canada-based fund reported 915 shares. Northern Tru Corp, a Illinois-based fund reported 567,169 shares. National Bank Of New York Mellon, a New York-based fund reported 1.11M shares. New York State Common Retirement Fund last reported 97,243 shares in the company. The Manitoba – Canada-based Great West Life Assurance Can has invested 0% in Marten Transport, Ltd (NASDAQ:MRTN). Ny State Teachers Retirement holds 0% or 9,006 shares in its portfolio.
Insider Transactions: Since July 28, 2016, the stock had 0 buys, and 3 selling transactions for $2.34 million net activity. On Thursday, July 28 the insider MARTEN RANDOLPH L sold $2.18 million. On Wednesday, November 16 the insider TURNER JOHN H sold $141,000.
MRTN Company Profile
Marten Transport, Ltd., incorporated on April 4, 1988, is a national protective service transportation company. It is a temperature-sensitive truckload carrier. The Firm specializes in transporting and distributing food and other consumer-packaged goods that require a temperature-controlled or insulated environment. The Firm operates through four divisions: Truckload, Dedicated, Intermodal and Brokerage. It operates throughout the United States and in parts of Canada and Mexico. The Company’s medium- to long-haul traffic lanes are between the Midwest and the West Coast, Southwest, Southeast and the East Coast, as well as from California to the Pacific Northwest. It provides regional truckload carrier services in the Southeast, West Coast, Midwest, South Central and Northeast regions. It offers Door to Door, and Customs and Trade Partnership Against Terrorism (CTPAT) Certified services in Mexico. The Company’s Logistics services include National Capacity Relationships and third-party logistics (3PL) Services.
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