A Director at Marten Transport (NASDAQ: MRTN) is Buying Shares

By Carrie Williams

Today, a Director at Marten Transport (MRTNResearch Report), Jerry Bauer, bought shares of MRTN for $226.1K.

Following this transaction Jerry Bauer’s holding in the company was increased by 12.3% to a total of $2.07 million.

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Based on Marten Transport’s latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $232 million and quarterly net profit of $21.42 million. In comparison, last year the company earned revenue of $212 million and had a net profit of $18.13 million. Currently, Marten Transport has an average volume of 300.68K. MRTN’s market cap is $1.25 billion and the company has a P/E ratio of 16.10.

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Marten Transport Ltd. engages in the provision of temperature-sensitive truckload carrier services. It operates through the following segments: Truckload, Dedicated, Intermodal, and Brokerage. The Truckload segment includes transport of food and consumer packaged goods that require a temperature-controlled or insulated environment. The Dedicated segment provides transportation solutions to individual customers using temperature-controlled trailers, dry vans, and specialized equipment. The Intermodal segment offers transports its customer’s freight utilizing temperature-controlled trailers and dry containers on railroad flatcars for portions of trips. The Brokerage segment involves in arranging smaller third-party carriers to transport freight for its customers in temperature-controlled trailers and dry vans. The company was founded by Roger R. Marten in 1946 and is headquartered in Mondovi, WI.