Marten Transport Ltd. (MRTN) reported third-quarter net income of $2.9 million, or $0.04 per diluted share, compared with $2.2 million, or $0.03 per diluted share, a year earlier. Operating revenue rose 1.3% to $223.2 million.
For the first nine months of 2026, net income was $9.6 million, compared with $13.7 million in the prior-year period, while operating revenue was $650.3 million versus $673.5 million.
- Third-quarter operating income increased 11.9% to $3.1 million.
- Third-quarter operating expenses were 98.6% of operating revenue, compared with 98.8% a year earlier.
- Fuel surcharge revenue increased to $39.0 million from $26.5 million in the prior-year quarter.
- Truckload revenue rose 11.9% to $117.3 million, while dedicated revenue was $67.2 million and brokerage revenue was $38.7 million.
- The company reported $91.5 million in cash and cash equivalents as of September 30, 2026.
$MRTN Hedge Fund Activity
We have seen 119 institutional investors add shares of $MRTN stock to their portfolio, and 100 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- NUANCE INVESTMENTS, LLC removed 4,263,549 shares (-88.6%) from their portfolio in Q2 2026, for an estimated $73,972,575
- CRAMER ROSENTHAL MCGLYNN LLC added 1,523,757 shares (+inf%) to their portfolio in Q2 2026, for an estimated $26,437,183
- GOLDMAN SACHS GROUP INC added 1,481,660 shares (+238.9%) to their portfolio in Q2 2026, for an estimated $25,706,801
- NUVEEN, LLC added 1,293,727 shares (+198.6%) to their portfolio in Q2 2026, for an estimated $22,446,163
- SIXTH STREET PARTNERS MANAGEMENT COMPANY, L.P. added 1,198,050 shares (+inf%) to their portfolio in Q2 2026, for an estimated $20,786,167
- FMR LLC added 933,232 shares (+52.8%) to their portfolio in Q2 2026, for an estimated $16,191,575
- BESSEMER GROUP INC added 873,347 shares (+507759.9%) to their portfolio in Q2 2026, for an estimated $15,152,570
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.
