MRTNNasdaqTrucking (No Local)Fiscal year ends December 31
MARTEN TRANSPORT LTD
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 6, 2026
$12.50−0.34 (-2.65%)
Close on Oct 19, 2026
- Market cap
- $1.02B
- P/E (TTM)
- 73.5
- Dividend yield
- 1.92%
Ownership
Institutional holdings as of Jun 30, 2026, from 13F filings
Held by institutions
74.9%
61M of 82M shares
Institutional holders
229
40 new, 31 sold out
Net institutional buying
3M
In Q2 2026
Insider trades, 12 months
0 buys · 0 sales
Open-market trades only
Shares held by institutions
Holders of more than 5%
Latest Schedule 13D (active) or 13G (passive) filed by each holder
| Holder | Shares | % of class | Filing | As of |
|---|---|---|---|---|
| BlackRock, Inc. | 9,221,304 | 11.30% | 13G (passive) amendment | Dec 31, 2023 |
| Dimensional Fund Advisors LP | 4,855,737 | 6.00% | 13G (passive) amendment | Dec 31, 2025 |
Top institutional holders
13F holdings as of Jun 30, 2026
| Holder | Shares | % of MRTN | Value | Change | % of portfolio |
|---|---|---|---|---|---|
| BlackRock, Inc. | 10,058,930 | 12.32% | $174.52M | +298,912 | 0.00% |
| Dimensional Fund Advisors LP | 4,999,156 | 6.12% | $86.74M | +105,658 | 0.02% |
| American Century Companies Inc | 2,800,863 | 3.43% | $48.59M | +180,895 | 0.02% |
| State Street Corp | 2,723,602 | 3.34% | $47.25M | +126,055 | 0.00% |
| FMR LLC | 2,702,378 | 3.31% | $46.89M | +933,232 | 0.00% |
| Vanguard Capital Management LLC | 2,524,859 | 3.09% | $43.81M | +28,174 | 0.00% |
| Goldman Sachs Group Inc | 2,101,794 | 2.57% | $36.47M | +1,481,660 | 0.00% |
| Nuveen, LLC | 1,945,243 | 2.38% | $33.75M | +1,293,727 | 0.01% |
| Two Sigma Investments, LP | 1,830,565 | 2.24% | $31.76M | +401,084 | 0.02% |
| Geode Capital Management, LLC | 1,554,058 | 1.90% | $26.97M | +86,004 | 0.00% |
| Cramer Rosenthal McGlynn LLC | 1,523,757 | 1.87% | $26.44M | New | 1.34% |
| Royce & Associates LP | 1,394,890 | 1.71% | $24.20M | +414,680 | 0.19% |
| Morgan Stanley | 1,353,069 | 1.66% | $23.48M | +58,926 | 0.00% |
| Vanguard Portfolio Management LLC | 1,218,980 | 1.49% | $21.15M | +105,153 | 0.00% |
| Charles Schwab Investment Management Inc | 1,198,050 | 1.47% | $20.79M | −76,337 | 0.00% |
| Ameriprise Financial Inc | 1,081,606 | 1.32% | $18.77M | +111,626 | 0.00% |
| Boston Partners | 1,049,147 | 1.28% | $18.20M | −650,668 | 0.02% |
| Russell Investments Group, Ltd. | 922,443 | 1.13% | $16.00M | −174,947 | 0.01% |
| Arrowstreet Capital, Limited Partnership | 919,740 | 1.13% | $15.96M | +243,156 | 0.01% |
| Bessemer Group Inc | 873,519 | 1.07% | $15.15K | +873,347 | 0.02% |
Institutional buying and selling by quarter
Positions opened, added to, reduced and closed by 13F filers
| Quarter | Holders | Shares held | % of shares | New / added | Reduced / closed | Shares bought | Shares sold |
|---|---|---|---|---|---|---|---|
| Q2 2026 | 229 | 61M | 74.9% | 40 / 79 | 74 / 31 | 12M | 9M |
| Q1 2026 | 225 | 58M | 70.9% | 49 / 77 | 59 / 25 | 12M | 7M |
| Q4 2025 | 205 | 57M | 69.8% | 33 / 78 | 76 / 40 | 8M | 7M |
| Q3 2025 | 216 | 57M | 69.3% | 40 / 88 | 66 / 36 | 6M | 7M |
| Q2 2025 | 213 | 57M | 70.4% | 43 / 77 | 69 / 22 | 4M | 4M |
| Q1 2025 | 193 | 58M | 70.8% | 25 / 77 | 64 / 24 | 6M | 5M |
| Q4 2024 | 195 | 58M | 70.5% | 27 / 79 | 60 / 29 | 3M | 3M |
| Q3 2024 | 198 | 57M | 70.0% | 28 / 60 | 77 / 19 | 12M | 3M |
| Q2 2024 | 190 | 57M | 69.7% | 25 / 75 | 62 / 35 | 6M | 7M |
| Q1 2024 | 201 | 59M | 71.8% | 31 / 64 | 69 / 18 | 5M | 4M |
| Q4 2023 | 189 | 58M | 70.8% | 21 / 51 | 85 / 24 | 5M | 2M |
| Q3 2023 | 192 | 55M | 67.3% | 19 / 60 | 87 / 21 | 3M | 3M |
Top mutual fund and ETF holders
Latest monthly portfolio reports (Form N-PORT)
| Fund | Shares | % of MRTN | Value | % of fund | As of |
|---|---|---|---|---|---|
| iShares Core S&P Small-Cap ETF | 3,490,741 | 4.27% | $60.56M | 0.05% | Jun 30, 2026 |
| Avantis U.S. Small Cap Value ETF | 2,394,223 | 2.93% | $41.28M | 0.15% | May 31, 2026 |
| Vanguard Total Stock Market Index Fund | 1,802,645 | 2.21% | $31.28M | 0.00% | Jun 30, 2026 |
| iShares Russell 2000 ETF | 1,523,253 | 1.87% | $26.43M | 0.03% | Jun 30, 2026 |
| Fidelity Small Cap Value Fund | 1,208,298 | 1.48% | $17.87M | 0.33% | Jul 31, 2026 |
| U.S. Small Cap Value Portfolio | 1,202,018 | 1.47% | $17.78M | 0.09% | Jul 31, 2026 |
| College Retirement Equities Fund - Total Global Stock Account | 1,011,391 | 1.24% | $17.55M | 0.01% | Jun 30, 2026 |
| Fidelity Enhanced Small Cap Core ETF | 713,749 | 0.87% | $12.38M | 0.21% | Jun 30, 2026 |
| Columbia Small Cap Value Discovery Fund | 673,370 | 0.82% | $9.96M | 0.40% | Jul 31, 2026 |
| Vanguard Extended Market Index Fund | 664,210 | 0.81% | $11.52M | 0.01% | Jun 30, 2026 |
| Fidelity Small Cap Index Fund | 649,434 | 0.80% | $9.61M | 0.03% | Jul 31, 2026 |
| Crm Long/Short Opportunities | 620,414 | 0.76% | $9.18M | 1.74% | Jul 31, 2026 |
| Column Small Cap Select Fund | 589,780 | 0.72% | $10.17M | 0.54% | May 31, 2026 |
| iShares Russell 2000 Value ETF | 564,730 | 0.69% | $9.80M | 0.07% | Jun 30, 2026 |
| Dimensional U.S. Targeted Value ETF | 533,416 | 0.65% | $7.89M | 0.05% | Jul 31, 2026 |
Officers, directors and major owners
People who filed Forms 3, 4 or 5 in the last two years
| Name | Role | Shares owned | % of shares | Latest filing |
|---|---|---|---|---|
| Randolph L. Marten | Chairman of the Board and CEO, Director, 10% owner | 17,742,900 | 21.73% | Jul 30, 2026 |
| James J. Hinnendael | EVP & Chief Financial Officer | 161,564 | 0.20% | May 7, 2026 |
| Adam Daniel Phillips | EVP & Chief Operating Officer | 15,284 | 0.02% | May 7, 2026 |
| Douglas Paul Petit | President | 40,585 | 0.05% | May 7, 2026 |
| Randall John Baier | Exec. VP & Chief Tech. Officer | 22,564 | 0.03% | May 7, 2026 |
| Timothy M. Kohl | Chief Executive Officer | 291,019 | 0.36% | May 8, 2025 |
| Kathleen P. Iverson | Director | 22,850 | 0.03% | May 7, 2026 |
| Ronald Richard Booth | Director | 32,349 | 0.04% | May 7, 2026 |
| Larry B. Hagness | Director | 210,575 | 0.26% | May 7, 2026 |
| Patricia L. Jones | Director | 15,100 | 0.02% | May 7, 2026 |
| Jerry M. Bauer | Director | 185,044 | 0.23% | May 7, 2026 |
| Robert L. Demorest | Director | 58,894 | 0.07% | May 7, 2026 |
Insider trades
Common stock transactions reported on Form 4, newest first
| Insider | Date | Transaction | Shares | Price | Value | Shares after |
|---|---|---|---|---|---|---|
| Randolph L. Marten Chairman of the Board and CEO, Director, 10% owner | Jul 30, 2026 | Gift | −1,200 | – | – | 17,742,900 |
| Patricia L. Jones Director | May 5, 2026 | Award | +4,100 | – | – | 15,100 |
| Kathleen P. Iverson Director | May 5, 2026 | Award | +4,100 | – | – | 22,850 |
| Jerry M. Bauer Director | May 5, 2026 | Award | +4,100 | – | – | 185,044 |
| James J. Hinnendael EVP & Chief Financial Officer | May 5, 2026 | Award | +6,766 | – | – | 161,564 |
| Adam Daniel Phillips EVP & Chief Operating Officer | May 5, 2026 | Award | +4,661 | – | – | 15,284 |
| Randolph L. Marten Chairman of the Board and CEO, Director, 10% owner | May 5, 2026 | Award | +12,300 | – | – | 17,744,100 |
| Larry B. Hagness Director | May 5, 2026 | Award | +4,100 | – | – | 210,575 |
| Douglas Paul Petit President | May 5, 2026 | Award | +6,423 | – | – | 40,585 |
| Randall John Baier Exec. VP & Chief Tech. Officer | May 5, 2026 | Award | +4,817 | – | – | 22,564 |
| Ronald Richard Booth Director | May 5, 2026 | Award | +4,100 | – | – | 32,349 |
| Robert L. Demorest Director | May 5, 2026 | Award | +4,100 | – | – | 58,894 |
| Randall John Baier Exec. VP & Chief Tech. Officer | Feb 20, 2026 | Tax withholding | −1,273 | $13.90 | $17.69K | 17,747 |
| Douglas Paul Petit President | Feb 20, 2026 | Tax withholding | −2,299 | $13.90 | $31.96K | 34,162 |
| James J. Hinnendael Exec. VP and CFO | Feb 20, 2026 | Tax withholding | −2,885 | $13.90 | $40.10K | 154,798 |
| Adam Daniel Phillips EVP & Chief Operating Officer | Feb 20, 2026 | Tax withholding | −1,131 | $13.90 | $15.72K | 10,623 |
| Randolph L. Marten Chairman of the Board and CEO, Director, 10% owner | Feb 20, 2026 | Tax withholding | −4,657 | $13.90 | $64.73K | 17,731,800 |
| Robert L. Demorest Director | Dec 24, 2025 | Gift | −6,580 | – | – | 54,794 |
| Randolph L. Marten Executive Chairman of Board, Director, 10% owner | Aug 19, 2025 | Gift | −1,500 | – | – | 17,736,457 |
| Kathleen P. Iverson Director | May 6, 2025 | Award | +4,500 | – | – | 18,750 |
| Douglas Paul Petit President | May 6, 2025 | Award | +6,625 | – | – | 36,461 |
| Jerry M. Bauer Director | May 6, 2025 | Award | +4,500 | – | – | 180,944 |
| Larry B. Hagness Director | May 6, 2025 | Award | +4,500 | – | – | 206,475 |
| Robert L. Demorest Director | May 6, 2025 | Award | +4,500 | – | – | 61,374 |
| Randolph L. Marten Exec. Chairman of the Board, Director, 10% owner | May 6, 2025 | Award | +13,515 | – | – | 17,737,957 |
| Patricia L. Jones Director | May 6, 2025 | Award | +4,500 | – | – | 11,000 |
| James J. Hinnendael Exec. VP and CFO | May 6, 2025 | Award | +6,807 | – | – | 157,683 |
| Adam Daniel Phillips EVP & Chief Operating Officer | May 6, 2025 | Award | +5,122 | – | – | 11,754 |
| Timothy M. Kohl Chief Executive Officer | May 6, 2025 | Award | +12,408 | – | – | 291,019 |
| Ronald Richard Booth Director | May 6, 2025 | Award | +4,500 | – | – | 28,249 |
| Randall John Baier Exec. VP & Chief Tech. Officer | May 6, 2025 | Award | +4,957 | – | – | 19,020 |
| Jerry M. Bauer Director | Apr 28, 2025 | Buy | +20,000 | $12.88 | $257.60K | 176,444 |
| Randolph L. Marten Exec. Chairman of the Board, Director, 10% owner | Mar 11, 2025 | Tax withholding | −3,779 | $14.01 | $52.94K | 17,724,442 |
| James J. Hinnendael Exec. VP and CFO | Mar 11, 2025 | Tax withholding | −2,438 | $14.01 | $34.16K | 150,876 |
| Adam Daniel Phillips EVP & Chief Operating Officer | Mar 11, 2025 | Tax withholding | −816 | $14.01 | $11.43K | 6,632 |
| Timothy M. Kohl Chief Executive Officer | Mar 11, 2025 | Tax withholding | −3,850 | $14.01 | $53.94K | 278,611 |
| Douglas Paul Petit President | Mar 11, 2025 | Tax withholding | −1,764 | $14.01 | $24.71K | 29,836 |
| Randall John Baier Exec. VP & Chief Tech. Officer | Mar 11, 2025 | Tax withholding | −927 | $14.01 | $12.99K | 14,063 |
| Jerry M. Bauer Director | Oct 30, 2024 | Buy | +10,000 | $15.81 | $158.10K | 156,444 |
| Randolph L. Marten Exec. Chairman of the Board, Director, 10% owner | Aug 21, 2024 | Gift | −1,000 | – | – | 17,728,221 |
| Adam Daniel Phillips EVP & Chief Operating Officer | Jul 25, 2024 | Option exercise | +4,500 | $10.87 | $48.92K | 11,948 |
| Adam Daniel Phillips EVP & Chief Operating Officer | Jul 25, 2024 | Sale | −4,500 | $18.34 | $82.53K | 7,448 |
| Douglas Paul Petit President | Jun 12, 2024 | Option exercise | +4,500 | $10.87 | $48.92K | 36,100 |
| Douglas Paul Petit President | Jun 12, 2024 | Sale | −4,500 | $18.22 | $81.99K | 31,600 |
| Thomas J. Winkel Director | May 7, 2024 | Award | +3,500 | – | – | 60,174 |
| Kathleen P. Iverson Director | May 7, 2024 | Award | +3,500 | – | – | 14,250 |
| James J. Hinnendael Exec. VP and CFO | May 7, 2024 | Award | +5,127 | – | – | 153,314 |
| Robert L. Demorest Director | May 7, 2024 | Award | +3,500 | – | – | 56,874 |
| Larry B. Hagness Director | May 7, 2024 | Award | +3,500 | – | – | 201,975 |
| Ronald Richard Booth Director | May 7, 2024 | Award | +3,500 | – | – | 23,749 |
| Jerry M. Bauer Director | May 7, 2024 | Award | +3,500 | – | – | 146,444 |
| Randolph L. Marten Exec. Chairman of the Board, Director, 10% owner | May 7, 2024 | Award | +10,179 | – | – | 17,729,221 |
| Adam Daniel Phillips EVP & Chief Operating Officer | May 7, 2024 | Award | +3,858 | – | – | 7,448 |
| Douglas Paul Petit President | May 7, 2024 | Award | +4,990 | – | – | 31,600 |
| Patricia L. Jones Director | May 7, 2024 | Award | +3,500 | – | – | 6,500 |
| Randall John Baier Exec. VP & Chief Tech. Officer | May 7, 2024 | Award | +3,733 | – | – | 14,990 |
| Timothy M. Kohl Chief Executive Officer | May 7, 2024 | Award | +9,346 | – | – | 282,461 |
| Douglas Paul Petit President | Mar 12, 2024 | Tax withholding | −1,400 | $19.02 | $26.63K | 26,610 |
| Randolph L. Marten Exec. Chairman of the Board, Director, 10% owner | Mar 12, 2024 | Tax withholding | −3,768 | $19.02 | $71.67K | 17,719,042 |
| Adam Daniel Phillips EVP & Chief Operating Officer | Mar 12, 2024 | Tax withholding | −610 | $19.02 | $11.60K | 3,590 |
Awards, option exercises, tax withholding and gifts are shown alongside open-market buys and sales. Each name links to the filing on SEC EDGAR.
Planned insider sales
Notices of proposed sale filed on Form 144 before shares are sold
| Seller | Filed | Shares | Market value | Planned sale | Acquired through |
|---|---|---|---|---|---|
| Adam Daniel Phillips Officer | Jul 25, 2024 | 4,500 | $82.54K | Jul 25, 2024 | STOCK OPTION EXERCISE |
| Douglas Paul Petit Director | Jun 13, 2024 | 4,500 | $82.00K | Jun 12, 2024 | STOCK OPTION EXERCISE |