Moody Aldrich Partners LLC raised its position in Heartland Express, Inc. (NASDAQ:HTLD) by 74.9% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 179,833 shares of the transportation company’s stock after buying an additional 76,987 shares during the period. Moody Aldrich Partners LLC owned about 0.22% of Heartland Express worth $3,336,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds have also recently made changes to their positions in HTLD. American Century Companies Inc. boosted its position in Heartland Express by 6.3% in the 2nd quarter. American Century Companies Inc. now owns 9,902,895 shares of the transportation company’s stock valued at $183,699,000 after buying an additional 589,580 shares during the last quarter. BlackRock Inc. boosted its position in Heartland Express by 5.8% in the 2nd quarter. BlackRock Inc. now owns 6,677,913 shares of the transportation company’s stock valued at $123,875,000 after buying an additional 364,244 shares during the last quarter. Phocas Financial Corp. bought a new position in Heartland Express in the 2nd quarter valued at $5,487,000. Dean Investment Associates LLC bought a new position in Heartland Express in the 2nd quarter valued at $3,475,000. Finally, Dimensional Fund Advisors LP lifted its stake in shares of Heartland Express by 6.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,703,571 shares of the transportation company’s stock valued at $48,637,000 after purchasing an additional 165,451 shares during the period. Hedge funds and other institutional investors own 59.97% of the company’s stock.
In other Heartland Express news, Director Larry J. Gordon sold 29,054 shares of Heartland Express stock in a transaction dated Wednesday, September 12th. The stock was sold at an average price of $21.00, for a total value of $610,134.00. Following the sale, the director now owns 352,493 shares of the company’s stock, valued at approximately $7,402,353. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Michael John Sullivan purchased 1,500 shares of the company’s stock in a transaction on Tuesday, July 31st. The stock was purchased at an average cost of $19.55 per share, for a total transaction of $29,325.00. Following the purchase, the director now directly owns 5,402 shares in the company, valued at $105,609.10. The disclosure for this purchase can be found here. Company insiders own 42.10% of the company’s stock.
A number of research firms have recently weighed in on HTLD. Zacks Investment Research raised Heartland Express from a “hold” rating to a “buy” rating and set a $23.00 price target on the stock in a research note on Monday, July 23rd. Morgan Stanley increased their price target on Heartland Express from $14.00 to $15.00 and gave the company an “underweight” rating in a research note on Monday, July 23rd. TheStreet raised Heartland Express from a “c+” rating to a “b-” rating in a research note on Thursday, August 30th. BidaskClub downgraded Heartland Express from a “hold” rating to a “sell” rating in a research note on Friday, September 21st. Finally, ValuEngine raised Heartland Express from a “sell” rating to a “hold” rating in a research note on Monday, August 20th. Five investment analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $19.89.
Heartland Express stock traded up $0.14 during mid-day trading on Friday, hitting $17.90. 341,699 shares of the company’s stock were exchanged, compared to its average volume of 507,781. The company has a market capitalization of $1.62 billion, a PE ratio of 35.10, a PEG ratio of 1.63 and a beta of 0.64. Heartland Express, Inc. has a fifty-two week low of $17.38 and a fifty-two week high of $24.09.
Heartland Express (NASDAQ:HTLD) last issued its quarterly earnings data on Thursday, July 19th. The transportation company reported $0.22 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.18 by $0.04. The business had revenue of $155.80 million for the quarter, compared to the consensus estimate of $160.07 million. Heartland Express had a return on equity of 7.88% and a net margin of 11.77%. The firm’s revenue was up 20.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.18 EPS. Equities research analysts predict that Heartland Express, Inc. will post 0.81 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, October 1st. Investors of record on Friday, September 21st were paid a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a yield of 0.45%. The ex-dividend date of this dividend was Thursday, September 20th. Heartland Express’s payout ratio is presently 15.69%.
Heartland Express 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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