PineBridge Investments L.P. increased its stake in shares of Heartland Express Inc. (NASDAQ:HTLD) by 5.5% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 7,494 shares of the company’s stock after buying an additional 390 shares during the period. PineBridge Investments L.P.’s holdings in Heartland Express were worth $131,000 as of its most recent filing with the SEC.
Other hedge funds also recently bought and sold shares of the company. Invictus RG bought a new stake in Heartland Express during the first quarter valued at $116,000. Teacher Retirement System of Texas raised its position in Heartland Express by 1.7% in the second quarter. Teacher Retirement System of Texas now owns 6,409 shares of the company’s stock valued at $111,000 after buying an additional 109 shares in the last quarter. GSA Capital Partners LLP acquired a new position in Heartland Express during the second quarter valued at approximately $184,000. Pacad Investment Ltd. acquired a new position in Heartland Express during the first quarter valued at approximately $223,000. Finally, Magnetar Financial LLC acquired a new position in Heartland Express during the first quarter valued at approximately $230,000. Hedge funds and other institutional investors own 61.06% of the company’s stock.
Heartland Express Inc. (NASDAQ:HTLD) opened at 18.86 on Tuesday. The stock has a market capitalization of $1.57 billion, a PE ratio of 25.52 and a beta of 0.25. The company’s 50-day moving average is $19.11 and its 200-day moving average is $18.33. Heartland Express Inc. has a 12 month low of $15.36 and a 12 month high of $21.95.
Heartland Express (NASDAQ:HTLD) last released its quarterly earnings results on Thursday, July 28th. The company reported $0.20 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.20. The company had revenue of $160.80 million for the quarter, compared to the consensus estimate of $167.94 million. Heartland Express had a net margin of 9.24% and a return on equity of 13.14%. Heartland Express’s revenue was down 16.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.27 earnings per share. Equities research analysts forecast that Heartland Express Inc. will post $0.71 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, October 3rd. Shareholders of record on Friday, September 23rd were given a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a yield of 0.42%. The ex-dividend date of this dividend was Wednesday, September 21st. Heartland Express’s dividend payout ratio (DPR) is 10.81%.
Several equities analysts recently commented on HTLD shares. BB&T Corp. lowered shares of Heartland Express from a “buy” rating to a “hold” rating in a report on Wednesday, June 22nd. Zacks Investment Research lowered shares of Heartland Express from a “hold” rating to a “sell” rating in a report on Tuesday, July 5th. JPMorgan Chase & Co. increased their target price on shares of Heartland Express from $16.00 to $18.00 and gave the company an “underweight” rating in a report on Friday, July 29th. Deutsche Bank AG reaffirmed a “hold” rating on shares of Heartland Express in a report on Thursday, August 25th. Finally, CL King reaffirmed a “neutral” rating on shares of Heartland Express in a report on Thursday, August 25th. Five research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have issued a buy rating to the stock. The stock 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 business’s stock in a transaction on Wednesday, August 24th. The shares were sold at an average price of $19.85, for a total transaction of $79,400.00. Following the transaction, the executive vice president now owns 64,814 shares in the company, valued at $1,286,557.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 45.30% of the company’s stock.
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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