Moss Adams Wealth Advisors LLC Sells 303,159 Shares of Heartland Express, Inc. (NASDAQ:HTLD)

Moss Adams Wealth Advisors LLC lowered its holdings in Heartland Express, Inc. (NASDAQ:HTLD) by 74.4% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 104,317 shares of the transportation company’s stock after selling 303,159 shares during the period. Moss Adams Wealth Advisors LLC owned approximately 0.13% of Heartland Express worth $1,283,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Nisa Investment Advisors LLC raised its stake in Heartland Express by 64.6% in the second quarter. Nisa Investment Advisors LLC now owns 2,565 shares of the transportation company’s stock valued at $32,000 after purchasing an additional 1,007 shares in the last quarter. CWM LLC raised its position in shares of Heartland Express by 266.3% during the 2nd quarter. CWM LLC now owns 2,729 shares of the transportation company’s stock valued at $34,000 after buying an additional 1,984 shares in the last quarter. EntryPoint Capital LLC bought a new stake in shares of Heartland Express during the 1st quarter worth $62,000. Hsbc Holdings PLC purchased a new position in Heartland Express in the second quarter worth $166,000. Finally, Inspire Advisors LLC increased its stake in Heartland Express by 23.3% in the first quarter. Inspire Advisors LLC now owns 14,715 shares of the transportation company’s stock valued at $176,000 after acquiring an additional 2,779 shares during the last quarter. Institutional investors own 53.45% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the company. Barclays lifted their price target on Heartland Express from $10.00 to $11.00 and gave the stock an “underweight” rating in a research note on Thursday, August 1st. UBS Group lowered Heartland Express from a “buy” rating to a “neutral” rating and cut their target price for the stock from $15.00 to $13.00 in a research note on Tuesday, July 9th. StockNews.com raised shares of Heartland Express from a “sell” rating to a “hold” rating in a research note on Wednesday, July 24th. Finally, JPMorgan Chase & Co. reaffirmed an “underweight” rating and issued a $10.00 price objective (down previously from $12.00) on shares of Heartland Express in a research note on Tuesday, July 9th. Two equities research analysts have rated the stock with a sell rating and three have assigned a hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $12.00.

Insider Buying and Selling at Heartland Express

In other Heartland Express news, CEO Michael J. Gerdin bought 50,000 shares of Heartland Express stock in a transaction dated Wednesday, September 11th. The shares were purchased at an average cost of $11.67 per share, with a total value of $583,500.00. Following the completion of the purchase, the chief executive officer now owns 1,196,718 shares of the company’s stock, valued at approximately $13,965,699.06. This represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 39.60% of the stock is currently owned by corporate insiders.

Heartland Express Stock Performance

NASDAQ:HTLD opened at $11.73 on Friday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.23 and a current ratio of 1.23. Heartland Express, Inc. has a fifty-two week low of $9.63 and a fifty-two week high of $15.20. The business has a 50 day moving average price of $12.01 and a 200-day moving average price of $11.73. The firm has a market cap of $927.27 million, a PE ratio of -69.00 and a beta of 0.69.

Heartland Express (NASDAQ:HTLD) last announced its quarterly earnings results on Tuesday, July 23rd. The transportation company reported ($0.04) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.02. The business had revenue of $274.80 million for the quarter, compared to analyst estimates of $275.23 million. Heartland Express had a negative net margin of 2.17% and a negative return on equity of 2.84%. The company’s revenue was down 10.3% on a year-over-year basis. During the same quarter last year, the firm earned $0.10 EPS. Equities research analysts predict that Heartland Express, Inc. will post -0.21 earnings per share for the current year.

Heartland Express Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, October 7th. Shareholders of record on Friday, September 27th were given a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a yield of 0.68%. The ex-dividend date was Friday, September 27th. Heartland Express’s payout ratio is -47.06%.

Heartland Express Company Profile

Heartland Express, Inc, together with its subsidiaries, operates as a short-to-medium, and long-haul truckload carrier in the United States and Canada. It primarily provides nationwide asset-based dry van truckload service for shippers; cross-border freight and other transportation services; and temperature-controlled truckload services.