Arizona State Retirement System Reduces Stake in Marten Transport, Ltd.
November 11, 2023
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The Arizona State Retirement System (ASRS) recently announced that it has reduced its investments in Marten Transport ($NASDAQ:MRTN), Ltd. (Nasdaq: MRTN), a Wisconsin-based truckload carrier operating throughout the United States, Canada, and Mexico. It also operates bulk liquid tankers for the transport of food-grade liquids.
In addition, the company is focused on building long-term relationships with customers, ensuring that their needs are met and that their goods are delivered safely. Marten Transport, Ltd. is a publicly traded company on the Nasdaq exchange under the ticker symbol MRTN.
Share Price
(MARTEN TRANSPORT). This caused MARTEN TRANSPORT’s stock to open at $18.1 and close at $17.8, a decrease of 1.4% from its prior closing price of $18.1. The exact amount of the decrease and the reasons for it have not yet been disclosed. This marks a change in the ASRS’s strategy for investing in MARTEN TRANSPORT, and potential investors should keep a close eye on the stock in the future to see if it regains the lost value. 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 |
| 1.19k | 83.49 | 6.1% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Marten Transport. More…
| Operations | Investing | Financing |
| 182.6 | -167.01 | -19.01 |
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 |
| 997.2 | 247.85 | 9.22 |
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 |
| 11.1% | 7.0% | 7.8% |
| FCF Margin | ROE | ROA |
| 10.7% | 7.8% | 5.8% |
Analysis
At GoodWhale, we conducted an in-depth analysis of the fundamentals of MARTEN TRANSPORT. Based on our Star Chart classification of MARTEN TRANSPORT as a ‘gorilla’ company, we concluded that it has achieved steady and consistent revenue/earnings growth due to a strong competitive advantage. Given the high health score of 8/10 for MARTEN TRANSPORT based on its cashflows and debt, we believe that it is well-positioned to withstand even the most difficult market conditions without the risk of bankruptcy. Furthermore, MARTEN TRANSPORT has excelled in dividends, growth, profitability, and has a medium asset score. Due to its strong fundamentals and strong competitive advantage, we believe that investors from all types of backgrounds could be interested in investing in MARTEN TRANSPORT. 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
Analysts cite stagnant sales and lack of new revenue streams as causes for their decision to sell off part of their investment in Marten. Investors should take this news as a sign that Marten may need to develop more diverse sources of income to remain competitive with the rest of the industry.
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