Envestnet Asset Management Inc. reduced its position in shares of Heartland Express, Inc. (NASDAQ:HTLD) by 1.9% during the first quarter, Holdings Channel reports. The firm owned 25,200 shares of the transportation company’s stock after selling 493 shares during the period. Envestnet Asset Management Inc.’s holdings in Heartland Express were worth $505,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Louisiana State Employees Retirement System boosted its stake in shares of Heartland Express by 1.1% in the first quarter. Louisiana State Employees Retirement System now owns 17,600 shares of the transportation company’s stock worth $353,000 after buying an additional 200 shares during the period. Teachers Advisors LLC boosted its stake in shares of Heartland Express by 5.0% in the fourth quarter. Teachers Advisors LLC now owns 77,103 shares of the transportation company’s stock worth $1,570,000 after buying an additional 3,658 shares during the period. Norges Bank acquired a new stake in shares of Heartland Express during the fourth quarter worth approximately $4,687,000. Westwood Holdings Group Inc. boosted its stake in shares of Heartland Express by 0.8% in the fourth quarter. Westwood Holdings Group Inc. now owns 626,570 shares of the transportation company’s stock worth $12,757,000 after buying an additional 4,675 shares during the period. Finally, Fortaleza Asset Management Inc. acquired a new stake in shares of Heartland Express during the fourth quarter worth approximately $154,000. Institutional investors and hedge funds own 60.31% of the company’s stock.

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

Heartland Express, Inc. (NASDAQ:HTLD) opened at 20.91 on Tuesday. Heartland Express, Inc. has a 52 week low of $16.55 and a 52 week high of $22.69. The firm’s 50-day moving average is $19.80 and its 200 day moving average is $20.23. The stock has a market cap of $1.74 billion, a price-to-earnings ratio of 31.07 and a beta of 0.51.

Heartland Express (NASDAQ:HTLD) last announced its earnings results on Friday, April 21st. The transportation company reported $0.17 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.15 by $0.02. Heartland Express had a return on equity of 11.20% and a net margin of 9.66%. The business had revenue of $129.90 million during the quarter, compared to analysts’ expectations of $147.17 million. During the same quarter last year, the business posted $0.17 earnings per share. The company’s quarterly revenue was down 20.2% on a year-over-year basis. On average, equities research analysts expect that Heartland Express, Inc. will post $0.70 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, July 3rd. Investors of record on Friday, June 23rd will be paid a dividend of $0.02 per share. The ex-dividend date is Wednesday, June 21st. This represents a $0.08 annualized dividend and a yield of 0.38%. Heartland Express’s dividend payout ratio is currently 11.76%.

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A number of brokerages have recently commented on HTLD. BidaskClub upgraded shares of Heartland Express from a “hold” rating to a “buy” rating in a research report on Wednesday, June 14th. Zacks Investment Research cut shares of Heartland Express from a “hold” rating to a “sell” rating in a research report on Tuesday, April 11th. Finally, TheStreet cut shares of Heartland Express from a “b-” rating to a “c+” rating in a research report on Friday, May 26th. Three investment 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 a consensus rating of “Hold” and a consensus price target of $15.00.

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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