Heartland Express, Inc. (NASDAQ:HTLD) Holdings Boosted by Prudential Financial Inc.

Prudential Financial Inc. lifted its holdings in Heartland Express, Inc. (NASDAQ:HTLD) by 6.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 82,702 shares of the transportation company’s stock after purchasing an additional 4,770 shares during the quarter. Prudential Financial Inc. owned 0.10% of Heartland Express worth $2,074,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Teachers Advisors LLC lifted its position in Heartland Express by 5.3% during the first quarter. Teachers Advisors LLC now owns 81,169 shares of the transportation company’s stock worth $1,627,000 after purchasing an additional 4,066 shares during the period. Cipher Capital LP bought a new position in shares of Heartland Express in the second quarter worth about $599,000. TIAA CREF Investment Management LLC lifted its holdings in shares of Heartland Express by 38.2% in the second quarter. TIAA CREF Investment Management LLC now owns 166,282 shares of the transportation company’s stock worth $3,462,000 after acquiring an additional 45,957 shares during the last quarter. Dean Capital Management lifted its holdings in shares of Heartland Express by 137.7% in the second quarter. Dean Capital Management now owns 215,880 shares of the transportation company’s stock worth $4,495,000 after acquiring an additional 125,060 shares during the last quarter. Finally, Janus Henderson Group PLC bought a new position in shares of Heartland Express in the second quarter worth about $41,847,000. Institutional investors and hedge funds own 61.64% of the company’s stock.

HTLD has been the subject of a number of research reports. Robert W. Baird reissued a “hold” rating and issued a $24.00 target price on shares of Heartland Express in a report on Sunday, September 17th. J P Morgan Chase & Co upped their price objective on Heartland Express from $19.00 to $21.00 and gave the company an “underweight” rating in a research note on Thursday, October 12th. Barclays lowered their price objective on Heartland Express from $21.00 to $20.00 and set an “underweight” rating for the company in a research note on Wednesday, November 1st. Zacks Investment Research downgraded Heartland Express from a “hold” rating to a “sell” rating in a research note on Monday, September 11th. Finally, TheStreet raised Heartland Express from a “c+” rating to a “b” rating in a research note on Thursday, September 7th. Four analysts have rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $24.17.

Heartland Express, Inc. (NASDAQ HTLD) traded down $0.33 during trading hours on Friday, reaching $22.34. 293,000 shares of the company’s stock were exchanged, compared to its average volume of 487,078. The firm has a market cap of $1,888.47, a P/E ratio of 37.78, a PEG ratio of 2.78 and a beta of 0.55. Heartland Express, Inc. has a twelve month low of $18.71 and a twelve month high of $25.22.

Heartland Express (NASDAQ:HTLD) last released its earnings results on Friday, October 27th. The transportation company reported $0.09 earnings per share for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.08). The firm had revenue of $182.10 million for the quarter, compared to analyst estimates of $205.81 million. Heartland Express had a net margin of 8.54% and a return on equity of 9.50%. The business’s revenue for the quarter was up 22.0% compared to the same quarter last year. During the same period in the prior year, the company posted $0.15 EPS. analysts forecast that Heartland Express, Inc. will post 0.54 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 22nd. Stockholders of record on Tuesday, December 12th will be given a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a dividend yield of 0.36%. The ex-dividend date is Monday, December 11th. Heartland Express’s dividend payout ratio (DPR) is 13.33%.

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Heartland Express Company 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.

Institutional Ownership by Quarter for Heartland Express (NASDAQ:HTLD)

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