American Century Companies Increases Investment in Marten Transport, Ltd
June 14, 2023
🌥️Trending News
American Century Companies Inc. has made a noteworthy investment in Marten Transport ($NASDAQ:MRTN), Ltd., a Wisconsin-based, publicly-traded truckload carrier. Through their increased ownership of Marten’s stock, American Century Companies Inc. has demonstrated their confidence in the company and its future. With decades of experience and expertise in the industry, American Century Companies Inc. is utilizing their knowledge to strengthen Marten’s position in the market. This investment is a testament to the trust they have placed in the company and its reliable track record of success.
The investment by American Century Companies Inc. marks an exciting chapter for Marten Transport, Ltd. as they look ahead to the future with a trusted partner by their side. As the company continues to grow and expand its services, American Century Companies Inc’s increased investment will provide a solid basis for long-term success.
Stock Price
Following the news, Marten Transport stock opened at $22.0 and closed at $22.1, up 0.8% from its previous closing price of $21.9. This increase in stock price indicates a positive reaction to the news from investors. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Marten Transport. More…
| Total Revenues | Net Income | Net Margin |
| 1.27k | 105.32 | 7.4% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Marten Transport. More…
| Operations | Investing | Financing |
| 219.49 | -134.96 | -60.93 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Marten Transport. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 979.27 | 257.76 | 8.89 |
Key Ratios Snapshot
Some of the financial key ratios for Marten Transport are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 13.9% | 21.6% | 9.6% |
| FCF Margin | ROE | ROA |
| 3.4% | 10.7% | 7.8% |
Analysis
At GoodWhale, we recently conducted an analysis of MARTEN TRANSPORT‘s wellbeing. According to our Risk Rating, MARTEN TRANSPORT is a low risk investment when it comes to financial and business aspects. However, our detailed assessment did uncover one risk warning on the balance sheet. To learn more about what that risk warning entails, we invite you to register on goodwhale.com and continue your research. Our platform is designed to provide you with the information you need to make sound investment decisions. More…
Peers
The trucking industry is highly competitive, with Marten Transport Ltd competing against P.A.M. Transportation Services Inc, Heartland Express Inc, and Saia Inc. All of these companies are vying for market share in the trucking industry, and each company has its own strengths and weaknesses.
– P.A.M. Transportation Services Inc ($NASDAQ:PTSI)
P.A.M. Transportation Services Inc is a trucking company that operates in the United States, Mexico, and Canada. The company has a market cap of 633.44M as of 2022 and a Return on Equity of 31.87%. P.A.M. Transportation Services Inc is a publicly traded company on the Nasdaq Global Select Market under the ticker symbol PTSI. The company was founded in 1980 and is headquartered in Tontitown, Arkansas.
– Heartland Express Inc ($NASDAQ:HTLD)
Heartland Express Inc is a publicly traded company with a market capitalization of 1.3 billion as of 2022. The company’s return on equity is 16.4%. Heartland Express is a trucking company that operates in the United States, Canada, and Mexico. The company offers a variety of services, including transportation of general commodities, refrigerated goods, and hazardous materials. Heartland Express also provides logistics services, such as warehousing and distribution.
– Saia Inc ($NASDAQ:SAIA)
Saia Inc. is a leading transportation and logistics company with a focus on regional shipping. The company operates through a network of terminals and intermodal facilities across the United States. Saia Inc. has a market cap of 6.11B as of 2022 and a return on equity of 20.38%. The company has a strong focus on regional shipping and operates through a network of terminals and intermodal facilities across the United States.
Summary
American Century Companies Inc. recently increased its ownership of Marten Transport, Ltd, a leading provider of transportation services. All in all, Marten Transport is a safe and sound investment that could offer steady returns to investors.
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