Marten Transport Ltd (MRTN) is Downgraded by Avondale to Mkt Perform

Marten Transport Ltd (MRTN) was Downgraded by Avondale to ” Mkt Perform”. Earlier the firm had a rating of “Mkt Outperform ” on the company shares. Avondale advised their investors in a research report released on Jul 22, 2016.

Many Wall Street Analysts have commented on Marten Transport Ltd. Marten Transport Ltd was Downgraded by KeyBanc Capital Mkts to ” Sector Weight” on Jul 12, 2016.

On the company’s financial health, Marten Transport Ltd reported $0.26 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Jul 19, 2016. Analyst had a consensus of $0.25. The company had revenue of $166.09 million for the quarter, compared to analysts expectations of $168.69 million. The company’s revenue was up 1.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.25 EPS.

Marten Transport Ltd opened for trading at $21.5 and hit $21.98 on the upside on Wednesday, eventually ending the session at $21.47, with a gain of 0.33% or 0.07 points. The heightened volatility saw the trading volume jump to 1,70,683 shares. Company has a market cap of $696 M.

In a different news, on May 26, 2016, John H Turner (Sr. Vice President of Sales) sold 2,400 shares at $19.40 per share price. According to the SEC, on Mar 15, 2016, Thomas J Winkel (director) sold 3,250 shares at $17.97 per share price. On Feb 8, 2016, Randolph L Marten (Chairman and CEO) sold 36,000 shares at $17.55 per share price, according to the Form-4 filing with the securities and exchange commission.

Marten Transport Ltd. is a temperature-sensitive truckload carrier. The Company is engaged in transporting and distributing food and other consumer packaged goods that require a temperature-controlled or insulated environment. 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. The Company operates through four segments: Truckload offers a combination of regional short-haul and medium-to-long-haul full-load transportation services; Dedicated provides transportation solutions including temperature-controlled trailers and other specialized equipment; Intermodal transports freight and Brokerage arranges for third-party carriers to transport freight.

Marten Transport Ltd

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