Prudential Financial Inc. lifted its stake in Heartland Express, Inc. (NASDAQ:HTLD) by 6.1% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 82,702 shares of the transportation company’s stock after purchasing an additional 4,770 shares during the quarter. Prudential Financial Inc. owned about 0.10% of Heartland Express worth $2,074,000 as of its most recent SEC filing.
Several other institutional investors also recently made changes to their positions in HTLD. Pinebridge Investments L.P. raised its position in shares of Heartland Express by 1.0% in the 2nd quarter. Pinebridge Investments L.P. now owns 5,707 shares of the transportation company’s stock valued at $119,000 after purchasing an additional 58 shares during the last quarter. State of Alaska Department of Revenue raised its position in shares of Heartland Express by 78.8% in the 2nd quarter. State of Alaska Department of Revenue now owns 8,546 shares of the transportation company’s stock valued at $177,000 after purchasing an additional 3,766 shares during the last quarter. Victory Capital Management Inc. raised its position in shares of Heartland Express by 17.6% in the 2nd quarter. Victory Capital Management Inc. now owns 10,005 shares of the transportation company’s stock valued at $208,000 after purchasing an additional 1,500 shares during the last quarter. Neuberger Berman Group LLC purchased a new position in shares of Heartland Express in the 2nd quarter valued at approximately $210,000. Finally, Crossmark Global Holdings Inc. purchased a new position in shares of Heartland Express in the 3rd quarter valued at approximately $238,000. 61.64% of the stock is owned by hedge funds and other institutional investors.
Heartland Express, Inc. (NASDAQ HTLD) opened at $22.29 on Wednesday. Heartland Express, Inc. has a 1 year low of $18.71 and a 1 year high of $25.22. The stock has a market cap of $1,840.00, a P/E ratio of 38.12, a price-to-earnings-growth ratio of 2.81 and a beta of 0.55.
Heartland Express (NASDAQ:HTLD) last posted its quarterly earnings results on Friday, October 27th. The transportation company reported $0.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.08). Heartland Express had a return on equity of 9.50% and a net margin of 8.54%. The business had revenue of $182.10 million for the quarter, compared to analysts’ expectations of $205.81 million. During the same period in the prior year, the business posted $0.15 earnings per share. The business’s quarterly revenue was up 22.0% compared to the same quarter last year. analysts anticipate that Heartland Express, Inc. will post 0.54 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 22nd. Shareholders of record on Tuesday, December 12th will be given a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a yield of 0.36%. The ex-dividend date of this dividend is Monday, December 11th. Heartland Express’s dividend payout ratio is presently 13.33%.
Several brokerages recently commented on HTLD. BidaskClub raised shares of Heartland Express from a “sell” rating to a “hold” rating in a research report on Saturday, August 12th. Zacks Investment Research raised shares of Heartland Express from a “sell” rating to a “hold” rating in a research report on Monday, October 2nd. Robert W. Baird reaffirmed a “hold” rating and issued a $26.00 price objective on shares of Heartland Express in a research report on Friday, October 6th. Barclays decreased their price objective on shares of Heartland Express from $21.00 to $20.00 and set an “underweight” rating for the company in a research report on Wednesday, November 1st. Finally, Stifel Nicolaus raised shares of Heartland Express from a “hold” rating to a “buy” rating and increased their price objective for the company from $22.00 to $28.00 in a research report on Friday, September 29th. Four investment analysts have rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company’s stock. Heartland Express presently has a consensus rating of “Hold” and a consensus price target of $24.17.
In other Heartland Express news, EVP John P. Cosaert sold 7,146 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, 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 legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 42.10% of the company’s stock.
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Heartland Express 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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