BNP Paribas Arbitrage SA lowered its position in Heartland Express Inc. (NASDAQ:HTLD) by 56.3% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,560 shares of the company’s stock after selling 11,019 shares during the period. BNP Paribas Arbitrage SA’s holdings in Heartland Express were worth $162,000 as of its most recent SEC filing.
A number of other institutional investors have also modified their holdings of HTLD. JPMorgan Chase & Co. raised its position in Heartland Express by 148.0% in the first quarter. JPMorgan Chase & Co. now owns 240,145 shares of the company’s stock worth $4,455,000 after buying an additional 143,327 shares during the period. Sprucegrove Investment Management Ltd. raised its position in Heartland Express by 2.3% in the second quarter. Sprucegrove Investment Management Ltd. now owns 131,473 shares of the company’s stock worth $2,286,000 after buying an additional 2,900 shares during the period. BlackRock Group LTD raised its position in Heartland Express by 4.6% in the first quarter. BlackRock Group LTD now owns 75,529 shares of the company’s stock worth $1,401,000 after buying an additional 3,290 shares during the period. Kennedy Capital Management Inc. raised its position in Heartland Express by 27.0% in the first quarter. Kennedy Capital Management Inc. now owns 480,230 shares of the company’s stock worth $8,908,000 after buying an additional 102,210 shares during the period. Finally, Aperio Group LLC raised its position in Heartland Express by 56.0% in the first quarter. Aperio Group LLC now owns 28,919 shares of the company’s stock worth $536,000 after buying an additional 10,382 shares during the period. Hedge funds and other institutional investors own 61.06% of the company’s stock.
Heartland Express Inc. (NASDAQ:HTLD) opened at 18.77 on Friday. The stock has a market capitalization of $1.56 billion, a P/E ratio of 25.40 and a beta of 0.25. Heartland Express Inc. has a 52 week low of $15.36 and a 52 week high of $21.95. The company has a 50 day moving average of $19.08 and a 200 day moving average of $18.32.
Heartland Express (NASDAQ:HTLD) last released its earnings results on Thursday, July 28th. The company reported $0.20 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.20. Heartland Express had a net margin of 9.24% and a return on equity of 13.14%. The company earned $160.80 million during the quarter, compared to analyst estimates of $167.94 million. During the same period in the prior year, the firm posted $0.27 EPS. The firm’s quarterly revenue was down 16.1% compared to the same quarter last year. Equities analysts expect that Heartland Express Inc. will post $0.71 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Monday, October 3rd. Shareholders of record on Friday, September 23rd were paid a $0.02 dividend. The ex-dividend date of this dividend was Wednesday, September 21st. This represents a $0.08 annualized dividend and a yield of 0.43%. Heartland Express’s payout ratio is 10.81%.
HTLD has been the subject of a number of analyst reports. Nomura restated a “buy” rating and issued a $14.00 price objective (down from $17.00) on shares of Heartland Express in a research report on Friday, August 26th. Deutsche Bank AG restated a “hold” rating on shares of Heartland Express in a research report on Thursday, August 25th. Zacks Investment Research upgraded shares of Heartland Express from a “sell” rating to a “hold” rating in a research report on Thursday, August 18th. BB&T Corp. lowered shares of Heartland Express from a “buy” rating to a “hold” rating in a research report on Wednesday, June 22nd. Finally, BMO Capital Markets restated a “market perform” rating and issued a $13.00 price objective (down from $14.00) on shares of Heartland Express in a research report on Friday, August 26th. Five research analysts have rated the stock with a sell rating, twelve have given a hold rating and three have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $17.00.
In other Heartland Express news, EVP John P. Cosaert sold 4,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 24th. The stock was sold at an average price of $19.85, for a total value of $79,400.00. Following the completion of the transaction, the executive vice president now directly owns 64,814 shares in the company, valued at approximately $1,286,557.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 45.30% of the stock is owned by company insiders.
Heartland Express Company Profile
Heartland Express, Inc (Heartland) is a holding company. The Company owns all of the stock of Heartland Express Inc of Iowa, Gordon Trucking, Inc, Heartland Express Services, Inc, Heartland Express Maintenance Services, Inc and A & M Express, Inc It provides transportation services to shippers spanning from Washington to Florida and New England to California, as well as parts of Canada.
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