First Trust Advisors LP grew its stake in Heartland Express, Inc. (NASDAQ:HTLD) by 18.3% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 127,981 shares of the transportation company’s stock after purchasing an additional 19,813 shares during the period. First Trust Advisors LP owned about 0.16% of Heartland Express worth $2,525,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Northern Trust Corp grew its holdings in Heartland Express by 0.9% during the second quarter. Northern Trust Corp now owns 665,912 shares of the transportation company’s stock valued at $12,352,000 after purchasing an additional 5,988 shares during the period. Moody Aldrich Partners LLC boosted its holdings in shares of Heartland Express by 74.9% in the second quarter. Moody Aldrich Partners LLC now owns 179,833 shares of the transportation company’s stock valued at $3,336,000 after buying an additional 76,987 shares during the period. Verition Fund Management LLC acquired a new position in shares of Heartland Express in the second quarter valued at approximately $267,000. Phocas Financial Corp. acquired a new position in shares of Heartland Express in the second quarter valued at approximately $5,487,000. Finally, Dean Capital Management acquired a new position in shares of Heartland Express in the second quarter valued at approximately $1,549,000. Institutional investors own 59.92% of the company’s stock.
Shares of HTLD stock opened at $20.52 on Friday. The firm has a market capitalization of $1.68 billion, a PE ratio of 40.24, a price-to-earnings-growth ratio of 1.63 and a beta of 0.60. Heartland Express, Inc. has a 12 month low of $17.38 and a 12 month high of $23.89.
Heartland Express (NASDAQ:HTLD) last announced its quarterly earnings data on Wednesday, October 17th. The transportation company reported $0.23 EPS for the quarter, topping the Zacks’ consensus estimate of $0.21 by $0.02. The business had revenue of $151.30 million for the quarter, compared to analyst estimates of $162.80 million. Heartland Express had a net margin of 14.11% and a return on equity of 9.60%. The firm’s revenue for the quarter was down 16.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.10 earnings per share. On average, research analysts forecast that Heartland Express, Inc. will post 0.84 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 14th. Stockholders of record on Tuesday, December 4th will be given a $0.02 dividend. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.39%. The ex-dividend date is Monday, December 3rd. Heartland Express’s dividend payout ratio is presently 15.69%.
Several research analysts have recently weighed in on HTLD shares. TheStreet upgraded shares of Heartland Express from a “c+” rating to a “b-” rating in a report on Thursday, August 30th. ValuEngine upgraded shares of Heartland Express from a “sell” rating to a “hold” rating in a report on Thursday, October 18th. BidaskClub cut shares of Heartland Express from a “hold” rating to a “sell” rating in a report on Friday, September 21st. Deutsche Bank reduced their price target on shares of Heartland Express from $19.00 to $18.00 and set a “hold” rating for the company in a report on Thursday, September 27th. Finally, Zacks Investment Research cut shares of Heartland Express from a “buy” rating to a “hold” rating in a report on Saturday, September 29th. Two investment analysts have rated the stock with a sell rating and eight have issued a hold rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $19.43.
In other news, Director Larry J. Gordon sold 4,390 shares of the business’s stock in a transaction on Friday, September 14th. The shares were sold at an average price of $21.03, for a total value of $92,321.70. Following the sale, the director now owns 348,103 shares of the company’s stock, valued at $7,320,606.09. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Larry J. Gordon sold 29,054 shares of the business’s stock in a transaction on Wednesday, September 12th. The stock was sold at an average price of $21.00, for a total transaction of $610,134.00. Following the completion of the sale, the director now directly owns 352,493 shares in the company, valued at approximately $7,402,353. The disclosure for this sale can be found here. Insiders own 42.10% of the company’s stock.
Heartland Express Company Profile
Heartland Express, Inc, through its subsidiaries, operates as a short-to-medium haul truckload carrier in the United States and Canada. The company primarily provides nationwide asset-based dry van truckload service for shippers from Washington to Florida and New England to California; and temperature-controlled transportation services.
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