Granite Investment Partners LLC Has Trimmed Stake in Marten Trans LTD (MRTN) as Share Price Rose

April 18, 2018 - By Clifton Ray

Marten Transport, Ltd. (NASDAQ:MRTN) LogoInvestors sentiment decreased to 1.34 in Q4 2017. Its down 11.56, from 12.9 in 2017Q3. It turned negative, as 7 investors sold MRTN shares while 52 reduced holdings. 32 funds opened positions while 47 raised stakes. 36.35 million shares or 50.97% less from 74.14 million shares in 2017Q3 were reported. Lpl Ltd Liability Company holds 0% or 17,302 shares. Sit Invest Associates Inc accumulated 0.02% or 48,984 shares. D E Shaw reported 121,667 shares. Meeder Asset Management Inc holds 1,803 shares. Principal Group Inc holds 0.01% or 299,324 shares. Pinebridge Investments LP invested in 0.02% or 45,093 shares. Bluecrest Management Limited reported 0.01% of its portfolio in Marten Transport, Ltd. (NASDAQ:MRTN). Alliancebernstein Limited Partnership reported 40,582 shares. Baker Ellis Asset Management has invested 0.17% in Marten Transport, Ltd. (NASDAQ:MRTN). Farmers Merchants invested in 15,166 shares. 12,009 are owned by Metropolitan Life Insur. Stone Ridge Asset Management Limited Liability Corp owns 30,113 shares or 0.04% of their US portfolio. Ny State Common Retirement Fund owns 107,968 shares. National Bank Of New York Mellon Corp has invested 0.01% in Marten Transport, Ltd. (NASDAQ:MRTN). Bank Of Montreal Can reported 67,808 shares or 0% of all its holdings.

Since February 2, 2018, it had 0 buys, and 2 selling transactions for $421,563 activity. $280,625 worth of Marten Transport, Ltd. (NASDAQ:MRTN) was sold by HAGNESS LARRY B.

Granite Investment Partners Llc decreased its stake in Marten Trans Ltd (MRTN) by 21.71% based on its latest 2017Q4 regulatory filing with the SEC. Granite Investment Partners Llc sold 183,663 shares as the company’s stock rose 9.07% while stock markets declined. The institutional investor held 662,262 shares of the transportation company at the end of 2017Q4, valued at $13.44M, down from 845,925 at the end of the previous reported quarter. Granite Investment Partners Llc who had been investing in Marten Trans Ltd for a number of months, seems to be less bullish one the $1.31 billion market cap company. The stock increased 0.63% or $0.15 during the last trading session, reaching $23.95. About 105,415 shares traded. Marten Transport, Ltd. (NASDAQ:MRTN) has risen 56.47% since April 18, 2017 and is uptrending. It has outperformed by 44.92% the S&P500.

Granite Investment Partners Llc, which manages about $892.06M and $1.58B US Long portfolio, upped its stake in Carpenter Technology Corp (NYSE:CRS) by 100,524 shares to 246,022 shares, valued at $12.55 million in 2017Q4, according to the filing. It also increased its holding in Marcus & Millichap Inc (NYSE:MMI) by 112,451 shares in the quarter, for a total of 645,637 shares, and has risen its stake in Cooper Std Hldgs Inc (NYSE:CPS).

Analysts await Marten Transport, Ltd. (NASDAQ:MRTN) to report earnings on April, 19 after the close. They expect $0.19 earnings per share, up 26.67 % or $0.04 from last year’s $0.15 per share. MRTN’s profit will be $10.37 million for 31.51 P/E if the $0.19 EPS becomes a reality. After $0.16 actual earnings per share reported by Marten Transport, Ltd. for the previous quarter, Wall Street now forecasts 18.75 % EPS growth.

Marten Transport, Ltd. (NASDAQ:MRTN) Ratings Coverage

Among 3 analysts covering Marten Transport (NASDAQ:MRTN), 2 have Buy rating, 0 Sell and 1 Hold. Therefore 67% are positive. Marten Transport had 3 analyst reports since January 8, 2018 according to SRatingsIntel. As per Friday, April 6, the company rating was maintained by Stifel Nicolaus. Stephens maintained Marten Transport, Ltd. (NASDAQ:MRTN) rating on Monday, January 8. Stephens has “Buy” rating and $25.0 target. The stock of Marten Transport, Ltd. (NASDAQ:MRTN) has “Buy” rating given on Friday, January 26 by Seaport Global.

Marten Transport, Ltd. (NASDAQ:MRTN) Institutional Positions Chart

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