Commerce Bank lifted its stake in shares of Heartland Express, Inc. (NASDAQ:HTLD) by 2.7% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 26,305 shares of the transportation company’s stock after purchasing an additional 690 shares during the period. Commerce Bank’s holdings in Heartland Express were worth $548,000 as of its most recent SEC filing.
Several other institutional investors also recently modified their holdings of the company. American Century Companies Inc. raised its position in Heartland Express by 6.5% in the second quarter. American Century Companies Inc. now owns 10,103,973 shares of the transportation company’s stock valued at $210,365,000 after purchasing an additional 620,252 shares during the period. BlackRock Inc. raised its position in Heartland Express by 152,605.4% in the first quarter. BlackRock Inc. now owns 5,752,412 shares of the transportation company’s stock valued at $115,337,000 after purchasing an additional 5,748,645 shares during the period. Vanguard Group Inc. raised its position in Heartland Express by 5.5% in the first quarter. Vanguard Group Inc. now owns 4,141,383 shares of the transportation company’s stock valued at $83,034,000 after purchasing an additional 214,721 shares during the period. Dimensional Fund Advisors LP raised its position in Heartland Express by 4.6% in the first quarter. Dimensional Fund Advisors LP now owns 2,396,827 shares of the transportation company’s stock valued at $48,056,000 after purchasing an additional 104,659 shares during the period. Finally, GW&K Investment Management LLC raised its position in Heartland Express by 0.4% in the second quarter. GW&K Investment Management LLC now owns 1,981,165 shares of the transportation company’s stock valued at $41,248,000 after purchasing an additional 8,609 shares during the period. Institutional investors and hedge funds own 60.91% of the company’s stock.
A number of analysts have issued reports on the company. BidaskClub lowered Heartland Express from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, July 19th. UBS AG raised Heartland Express from a “sell” rating to a “neutral” rating and upped their price objective for the stock from $20.00 to $22.00 in a research report on Monday, July 10th. Zacks Investment Research lowered Heartland Express from a “hold” rating to a “sell” rating in a research report on Monday. TheStreet lowered Heartland Express from a “b-” rating to a “c+” rating in a research report on Friday, May 26th. Finally, Stifel Nicolaus reaffirmed a “hold” rating and set a $23.00 price objective (up previously from $19.00) on shares of Heartland Express in a research report on Monday, July 10th. Two analysts have rated the stock with a sell rating and six have assigned a hold rating to the company. Heartland Express has a consensus rating of “Hold” and an average price target of $21.75.
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In related news, EVP John P. Cosaert sold 7,146 shares of Heartland Express stock in a transaction on Monday, September 11th. The shares were sold at an average price of $22.54, for a total transaction of $161,070.84. Following the sale, the executive vice president now owns 57,668 shares of the company’s stock, valued at approximately $1,299,836.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 42.10% of the company’s stock.
Heartland Express, Inc. (NASDAQ HTLD) opened at 22.33 on Friday. The company’s 50 day moving average is $21.49 and its 200-day moving average is $20.57. Heartland Express, Inc. has a 52 week low of $17.06 and a 52 week high of $22.98. The firm has a market cap of $1.86 billion, a P/E ratio of 34.35 and a beta of 0.53.
Heartland Express (NASDAQ:HTLD) last released its quarterly earnings results on Wednesday, August 2nd. The transportation company reported $0.18 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.19 by ($0.01). Heartland Express had a return on equity of 10.60% and a net margin of 9.89%. The firm had revenue of $129.62 million for the quarter, compared to analysts’ expectations of $139.89 million. During the same period last year, the firm earned $0.20 EPS. The business’s quarterly revenue was down 19.4% on a year-over-year basis. Equities analysts expect that Heartland Express, Inc. will post $0.70 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Monday, October 2nd. Investors of record on Friday, September 22nd will be paid a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a yield of 0.36%. The ex-dividend date is Thursday, September 21st. Heartland Express’s dividend payout ratio (DPR) is 12.12%.
Heartland Express Company Profile
Heartland Express, Inc is a holding company. The Company is a short-to-medium haul truckload carrier. The Company focuses primarily on short- to medium-haul, asset-based dry van truckload services in regional markets near its terminals. The Company’s truckload services are primarily asset-based transportation services in the dry van truckload market, and it also offers truckload temperature-controlled transportation services and non-asset based brokerage services.
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