Heartland Express, Inc. (HTLD) Position Boosted by Dimensional Fund Advisors LP
Dimensional Fund Advisors LP raised its position in shares of Heartland Express, Inc. (NASDAQ:HTLD) by 5.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,292,168 shares of the company’s stock after buying an additional 127,343 shares during the period. Dimensional Fund Advisors LP’s holdings in Heartland Express were worth $46,669,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also made changes to their positions in HTLD. Nuance Investments LLC increased its position in shares of Heartland Express by 38.9% in the third quarter. Nuance Investments LLC now owns 2,327,254 shares of the company’s stock worth $43,939,000 after buying an additional 652,309 shares during the period. Perkins Investment Management LLC acquired a new position in shares of Heartland Express during the third quarter worth about $11,790,000. BlackRock Advisors LLC increased its position in shares of Heartland Express by 1,512.6% in the third quarter. BlackRock Advisors LLC now owns 388,827 shares of the company’s stock worth $7,341,000 after buying an additional 364,715 shares during the period. Aberdeen Asset Management PLC UK increased its position in shares of Heartland Express by 37.7% in the fourth quarter. Aberdeen Asset Management PLC UK now owns 1,279,849 shares of the company’s stock worth $26,058,000 after buying an additional 350,481 shares during the period. Finally, Citadel Advisors LLC acquired a new position in shares of Heartland Express during the third quarter worth about $5,534,000. Hedge funds and other institutional investors own 61.41% of the company’s stock.
Heartland Express, Inc. (NASDAQ:HTLD) opened at 20.13 on Tuesday. The company has a market cap of $1.68 billion, a P/E ratio of 29.73 and a beta of 0.41. Heartland Express, Inc. has a 1-year low of $16.55 and a 1-year high of $22.69. The stock’s 50 day moving average price is $20.45 and its 200 day moving average price is $20.03.
Heartland Express (NASDAQ:HTLD) last issued its quarterly earnings results on Thursday, January 26th. The company reported $0.16 earnings per share for the quarter, topping analysts’ consensus estimates of $0.15 by $0.01. The company earned $140 million during the quarter, compared to analyst estimates of $152.24 million. Heartland Express had a net margin of 9.20% and a return on equity of 11.56%. The business’s revenue for the quarter was down 19.8% compared to the same quarter last year. During the same period in the prior year, the business posted $0.20 EPS. On average, equities analysts anticipate that Heartland Express, Inc. will post $0.68 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Monday, April 3rd. Stockholders of record on Friday, March 24th will be paid a $0.02 dividend. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.40%. The ex-dividend date is Wednesday, March 22nd. Heartland Express’s dividend payout ratio is currently 11.76%.
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A number of research analysts have issued reports on HTLD shares. Zacks Investment Research downgraded Heartland Express from a “hold” rating to a “sell” rating in a research note on Tuesday, February 14th. Stifel Nicolaus upgraded Heartland Express from a “sell” rating to a “hold” rating and increased their price target for the stock from $18.00 to $19.00 in a research note on Friday, February 10th. Finally, Seaport Global Securities began coverage on Heartland Express in a research note on Friday, December 16th. They set a “neutral” rating for the company. Four equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and two have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $16.62.
In other news, Director Larry J. Gordon sold 95,386 shares of the company’s stock in a transaction that occurred on Wednesday, February 8th. The shares were sold at an average price of $20.01, for a total value of $1,908,673.86. Following the completion of the sale, the director now directly owns 381,547 shares of the company’s stock, valued at approximately $7,634,755.47. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 45.30% of the company’s stock.
About Heartland Express
Heartland Express, Inc (Heartland) is a holding company. The Company owns all of the stock of Heartland Express Inc of Iowa, Gordon Trucking, Inc, Heartland Express Services, Inc, Heartland Express Maintenance Services, Inc and A & M Express, Inc It provides transportation services to shippers spanning from Washington to Florida and New England to California, as well as parts of Canada.
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