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%.
COPYRIGHT VIOLATION WARNING: This article was originally published by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are accessing this article on another site, it was illegally stolen and republished in violation of US & international trademark & copyright legislation. The original version of this article can be viewed at https://www.dispatchtribunal.com/2017/12/15/heartland-express-inc-htld-shares-bought-by-prudential-financial-inc.html.
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.
Receive News & Ratings for Heartland Express Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Heartland Express and related companies with MarketBeat.com's FREE daily email newsletter.