Geode Capital Management LLC raised its holdings in Heartland Express, Inc. (NASDAQ:HTLD) by 1.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 467,533 shares of the transportation company’s stock after purchasing an additional 8,424 shares during the quarter. Geode Capital Management LLC’s holdings in Heartland Express were worth $10,912,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds have also made changes to their positions in the business. American Century Companies Inc. boosted its holdings in Heartland Express by 1.6% in the 4th quarter. American Century Companies Inc. now owns 8,096,511 shares of the transportation company’s stock valued at $188,973,000 after purchasing an additional 128,030 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Heartland Express by 1.8% during the 3rd quarter. Dimensional Fund Advisors LP now owns 2,538,181 shares of the transportation company’s stock worth $63,652,000 after acquiring an additional 45,022 shares in the last quarter. Standard Life Aberdeen plc boosted its stake in shares of Heartland Express by 15.9% during the 4th quarter. Standard Life Aberdeen plc now owns 2,297,155 shares of the transportation company’s stock worth $53,616,000 after acquiring an additional 315,143 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Heartland Express by 3.5% during the 4th quarter. Bank of New York Mellon Corp now owns 758,449 shares of the transportation company’s stock worth $17,703,000 after acquiring an additional 25,567 shares in the last quarter. Finally, OppenheimerFunds Inc. boosted its stake in shares of Heartland Express by 161.5% during the 4th quarter. OppenheimerFunds Inc. now owns 714,762 shares of the transportation company’s stock worth $16,682,000 after acquiring an additional 441,402 shares in the last quarter. 61.56% of the stock is currently owned by institutional investors.
Shares of NASDAQ:HTLD opened at $17.79 on Monday. Heartland Express, Inc. has a 12 month low of $17.51 and a 12 month high of $25.22. The company has a market cap of $1,482.12, a PE ratio of 34.88, a PEG ratio of 1.68 and a beta of 0.67.
Heartland Express (NASDAQ:HTLD) last issued its quarterly earnings data on Monday, February 12th. The transportation company reported $0.07 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.11 by ($0.04). Heartland Express had a return on equity of 7.84% and a net margin of 12.38%. The company had revenue of $165.00 million for the quarter, compared to analyst estimates of $190.22 million. During the same quarter in the prior year, the firm earned $0.16 earnings per share. The company’s revenue for the quarter was up 17.9% on a year-over-year basis. research analysts expect that Heartland Express, Inc. will post 0.7 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, April 2nd. Investors of record on Friday, March 23rd were given a dividend of $0.02 per share. The ex-dividend date of this dividend was Thursday, March 22nd. This represents a $0.08 annualized dividend and a dividend yield of 0.45%. Heartland Express’s dividend payout ratio is currently 15.69%.
Several brokerages have recently commented on HTLD. Zacks Investment Research raised Heartland Express from a “sell” rating to a “hold” rating in a research note on Tuesday, January 9th. BidaskClub raised Heartland Express from a “hold” rating to a “buy” rating in a research note on Wednesday, December 27th. TheStreet raised Heartland Express from a “c” rating to a “b-” rating in a research note on Monday, February 12th. JPMorgan Chase decreased their price target on Heartland Express from $24.00 to $22.00 and set an “underweight” rating on the stock in a research note on Wednesday, February 14th. Finally, Morgan Stanley boosted their price target on Heartland Express from $15.00 to $16.00 and gave the stock an “underweight” rating in a research note on Tuesday, February 20th. Six equities research analysts have rated the stock with a sell rating and five have assigned a hold rating to the company. The stock presently has a consensus rating of “Sell” and a consensus price target of $21.13.
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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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