Dimensional Fund Advisors LP grew its holdings in shares of Heartland Express, Inc. (NASDAQ:HTLD) by 4.0% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 2,493,159 shares of the transportation company’s stock after purchasing an additional 96,332 shares during the period. Dimensional Fund Advisors LP owned approximately 2.99% of Heartland Express worth $51,908,000 as of its most recent SEC filing.
Several other hedge funds have also added to or reduced their stakes in the company. BlackRock Inc. raised its holdings in Heartland Express by 152,605.4% in the 1st quarter. BlackRock Inc. now owns 5,752,412 shares of the transportation company’s stock worth $115,337,000 after acquiring an additional 5,748,645 shares during the last quarter. American Century Companies Inc. raised its stake in Heartland Express by 6.5% during the 2nd quarter. American Century Companies Inc. now owns 10,103,973 shares of the transportation company’s stock valued at $210,365,000 after buying an additional 620,252 shares during the last quarter. Vanguard Group Inc. raised its stake in Heartland Express by 5.5% during the 1st quarter. Vanguard Group Inc. now owns 4,141,383 shares of the transportation company’s stock valued at $83,034,000 after buying an additional 214,721 shares during the last quarter. Gotham Asset Management LLC raised its stake in Heartland Express by 145.5% during the 1st quarter. Gotham Asset Management LLC now owns 361,024 shares of the transportation company’s stock valued at $7,239,000 after buying an additional 213,939 shares during the last quarter. Finally, Citadel Advisors LLC raised its stake in Heartland Express by 341.8% during the 2nd quarter. Citadel Advisors LLC now owns 225,992 shares of the transportation company’s stock valued at $4,705,000 after buying an additional 174,842 shares during the last quarter. Hedge funds and other institutional investors own 60.24% of the company’s stock.
Shares of Heartland Express, Inc. (NASDAQ HTLD) opened at 22.50 on Friday. The stock has a market capitalization of $1.87 billion, a price-to-earnings ratio of 34.62 and a beta of 0.55. Heartland Express, Inc. has a 52-week low of $17.94 and a 52-week high of $25.22. The company has a 50-day moving average of $23.37 and a 200-day moving average of $21.30.
Heartland Express (NASDAQ:HTLD) last released its quarterly earnings results on Friday, October 27th. The transportation company reported $0.09 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.17 by ($0.08). Heartland Express had a return on equity of 10.60% and a net margin of 9.89%. The firm had revenue of $182.10 million for the quarter, compared to analyst estimates of $205.81 million. During the same period in the prior year, the business earned $0.15 earnings per share. Heartland Express’s revenue for the quarter was up 22.0% on a year-over-year basis. Equities research analysts anticipate that Heartland Express, Inc. will post $0.69 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Monday, October 2nd. Shareholders of record on Friday, September 22nd were paid a dividend of $0.02 per share. The ex-dividend date was Thursday, September 21st. This represents a $0.08 annualized dividend and a dividend yield of 0.36%. Heartland Express’s dividend payout ratio is currently 13.33%.
In other Heartland Express news, EVP John P. Cosaert sold 7,146 shares of the firm’s stock in a transaction dated 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 directly owns 57,668 shares of the company’s stock, valued at approximately $1,299,836.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 42.10% of the stock is owned by company insiders.
A number of brokerages have weighed in on HTLD. Zacks Investment Research upgraded shares of Heartland Express from a “sell” rating to a “hold” rating in a research note on Monday, October 2nd. Robert W. Baird reiterated a “hold” rating and set a $26.00 target price on shares of Heartland Express in a research note on Friday, October 6th. J P Morgan Chase & Co boosted their price objective on shares of Heartland Express from $19.00 to $21.00 and gave the company an “underweight” rating in a research report on Thursday, October 12th. Stifel Nicolaus raised shares of Heartland Express from a “hold” rating to a “buy” rating and boosted their price objective for the company from $22.00 to $28.00 in a research report on Friday, September 29th. Finally, TheStreet raised shares of Heartland Express from a “c+” rating to a “b” rating in a research report on Thursday, September 7th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the company. Heartland Express currently has a consensus rating of “Hold” and a consensus target price of $23.67.
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About Heartland Express
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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