14,862 Shares in Marten Transport, Ltd. (NASDAQ:MRTN) Bought by Hennion & Walsh Asset Management Inc.

Hennion & Walsh Asset Management Inc. acquired a new stake in Marten Transport, Ltd. (NASDAQ:MRTN) in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 14,862 shares of the transportation company’s stock, valued at approximately $263,000.

Several other large investors have also recently made changes to their positions in MRTN. Truist Financial Corp raised its position in Marten Transport by 10.4% in the second quarter. Truist Financial Corp now owns 16,189 shares of the transportation company’s stock worth $299,000 after acquiring an additional 1,522 shares during the period. Creative Planning purchased a new stake in Marten Transport in the second quarter worth $412,000. The Manufacturers Life Insurance Company raised its stake in shares of Marten Transport by 6.8% in the second quarter. The Manufacturers Life Insurance Company now owns 31,275 shares of the transportation company’s stock valued at $577,000 after buying an additional 1,997 shares during the period. Deprince Race & Zollo Inc. purchased a new position in shares of Marten Transport during the 2nd quarter valued at $5,334,000. Finally, AQR Capital Management LLC grew its stake in shares of Marten Transport by 54.6% during the 2nd quarter. AQR Capital Management LLC now owns 49,991 shares of the transportation company’s stock worth $922,000 after acquiring an additional 17,662 shares during the period. 69.12% of the stock is owned by hedge funds and other institutional investors.

Marten Transport Stock Down 0.4 %

Shares of MRTN opened at $15.76 on Wednesday. Marten Transport, Ltd. has a twelve month low of $15.33 and a twelve month high of $21.38. The stock has a market cap of $1.28 billion, a PE ratio of 37.52 and a beta of 0.77. The business’s 50-day moving average price is $16.95 and its 200-day moving average price is $17.37.

Marten Transport Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Monday, September 16th were issued a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 1.52%. The ex-dividend date of this dividend was Monday, September 16th. Marten Transport’s dividend payout ratio (DPR) is presently 57.14%.

Wall Street Analyst Weigh In

MRTN has been the topic of a number of research reports. StockNews.com cut Marten Transport from a “hold” rating to a “sell” rating in a research note on Wednesday, October 2nd. Raymond James cut shares of Marten Transport from an “outperform” rating to a “market perform” rating in a research note on Monday, October 14th. Finally, Vertical Research lowered shares of Marten Transport from a “buy” rating to a “hold” rating and reduced their price objective for the company from $22.00 to $19.00 in a research note on Tuesday, July 9th.

Marten Transport Profile

Marten Transport, Ltd. operates as a temperature-sensitive truckload carrier for shippers in the United State, Mexico, and Canada. The company 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, as well as dry freight; and regional short-haul and medium-to-long-haul full-load transportation services.