Victory Capital Management Inc. grew its holdings in shares of Heartland Express, Inc. (NASDAQ:HTLD) by 7.2% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 38,875 shares of the transportation company’s stock after purchasing an additional 2,605 shares during the period. Victory Capital Management Inc.’s holdings in Heartland Express were worth $623,000 at the end of the most recent quarter.
Other large investors have also made changes to their positions in the company. Virginia Retirement Systems ET AL acquired a new position in shares of Heartland Express during the 2nd quarter worth approximately $612,000. AQR Capital Management LLC lifted its holdings in shares of Heartland Express by 50.9% during the 2nd quarter. AQR Capital Management LLC now owns 120,036 shares of the transportation company’s stock worth $2,056,000 after acquiring an additional 40,485 shares during the period. First Trust Advisors LP lifted its holdings in shares of Heartland Express by 67.0% during the 2nd quarter. First Trust Advisors LP now owns 367,815 shares of the transportation company’s stock worth $6,301,000 after acquiring an additional 147,546 shares during the period. Nisa Investment Advisors LLC lifted its holdings in shares of Heartland Express by 280.0% during the 2nd quarter. Nisa Investment Advisors LLC now owns 4,750 shares of the transportation company’s stock worth $81,000 after acquiring an additional 3,500 shares during the period. Finally, Bank of Montreal Can lifted its holdings in shares of Heartland Express by 21.8% during the 2nd quarter. Bank of Montreal Can now owns 16,825 shares of the transportation company’s stock worth $288,000 after acquiring an additional 3,008 shares during the period. Hedge funds and other institutional investors own 53.58% of the company’s stock.
HTLD has been the subject of a number of recent analyst reports. Morgan Stanley cut their price target on shares of Heartland Express from $18.00 to $16.00 and set an “underweight” rating for the company in a report on Thursday, December 2nd. Barclays cut their price target on shares of Heartland Express from $19.00 to $17.00 and set an “equal weight” rating for the company in a report on Friday. Finally, Zacks Investment Research raised shares of Heartland Express from a “sell” rating to a “hold” rating in a report on Monday, January 3rd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $19.40.
Heartland Express (NASDAQ:HTLD) last issued its quarterly earnings data on Thursday, October 14th. The transportation company reported $0.31 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.30 by $0.01. The business had revenue of $152.60 million during the quarter, compared to the consensus estimate of $159.41 million. Heartland Express had a net margin of 12.46% and a return on equity of 10.58%. The firm’s revenue was down 6.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.25 EPS. As a group, equities analysts predict that Heartland Express, Inc. will post 0.99 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, December 17th. Investors of record on Tuesday, December 7th were paid a $0.02 dividend. This represents a $0.08 annualized dividend and a yield of 0.50%. The ex-dividend date of this dividend was Monday, December 6th. Heartland Express’s payout ratio is 8.33%.
About Heartland Express
Heartland Express, Inc is a holding company, which engages in the provision of short-to-medium haul truckload carrier services. It offers long haul truckload and regional truckload transportation. The company was founded by Russell A. Gerdin in 1978 and is headquartered in North Liberty, IA.
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