Principal Financial Group Invests $7.20 Million in Marten Transport, Ltd.
November 23, 2023
🌥️Trending News
Principal Financial Group Inc. has recently invested in Marten Transport ($NASDAQ:MRTN), Ltd., the nationwide trucking and logistics company. The company offers its services to customers nationwide, providing local, regional, and long-haul transportation services for a variety of products. The company is also proud to have earned many awards recognizing excellence in safety, service, customer satisfaction, and more. This investment will help the company expand its services and operations and further ensure its success for many years to come.
Price History
This investment saw the stock of MARTEN TRANSPORT open at $18.7 and close at the same price, up by 0.3% from its closing price the day prior. The company’s stock is expected to see an increase in value as a result of this investment, with the long-term benefits of this partnership yet to be seen. 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
GoodWhale has conducted an analysis of MARTEN TRANSPORT‘s wellbeing and the results are quite impressive. According to our Star Chart, MARTEN TRANSPORT has a high health score of 8/10 considering its cashflows and debt, which means it is perfectly capable of surviving any financial crisis without the risk of bankruptcy. Furthermore, the company is strong in dividend and profitability, and medium in asset and growth. We classify MARTEN TRANSPORT as a ‘rhino’, meaning that it has achieved moderate revenue or earnings growth. We believe that value investors, dividend investors, and growth investors may be interested in investing in such a company. 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
Principal Financial Group Inc. recently revealed that it has purchased a stake worth $7.20 million in Marten Transport, Ltd., a Wisconsin-based transportation and logistics company. This investment reflects an optimistic outlook for the company’s future prospects and is a vote of confidence in its current performance. Analysts point to Marten Transport’s strong financials, with a debt-to-equity ratio that is lower than the industry average and an operating margin above the industry standard.
Additionally, the company has robust cash flow from operations, which offers greater stability and reliability in dividend payments in the event of market volatility. Finally, the company offers attractive dividend yields and has increased or maintained them over the past five years. The combination of these factors makes Marten Transport a strong investing opportunity.
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