State Street Corp lowered its stake in Heartland Express, Inc. (NASDAQ:HTLD) by 0.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,347,479 shares of the transportation company’s stock after selling 10,446 shares during the period. State Street Corp owned approximately 1.62% of Heartland Express worth $28,052,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Pinebridge Investments L.P. grew its position in Heartland Express by 1.0% in the second quarter. Pinebridge Investments L.P. now owns 5,707 shares of the transportation company’s stock worth $119,000 after acquiring an additional 58 shares in the last quarter. Oppenheimer Asset Management Inc. grew its position in Heartland Express by 0.8% in the second quarter. Oppenheimer Asset Management Inc. now owns 23,105 shares of the transportation company’s stock worth $481,000 after acquiring an additional 187 shares in the last quarter. Aperio Group LLC grew its position in Heartland Express by 0.4% in the second quarter. Aperio Group LLC now owns 50,728 shares of the transportation company’s stock worth $1,056,000 after acquiring an additional 206 shares in the last quarter. Texas Permanent School Fund grew its position in Heartland Express by 0.8% in the second quarter. Texas Permanent School Fund now owns 31,623 shares of the transportation company’s stock worth $658,000 after acquiring an additional 265 shares in the last quarter. Finally, Wells Fargo & Company MN lifted its stake in Heartland Express by 1.0% in the second quarter. Wells Fargo & Company MN now owns 35,742 shares of the transportation company’s stock worth $745,000 after purchasing an additional 345 shares during the last quarter. Institutional investors own 60.15% of the company’s stock.

Shares of Heartland Express, Inc. (HTLD) opened at $21.22 on Friday. Heartland Express, Inc. has a 12 month low of $18.71 and a 12 month high of $25.22. The firm has a market cap of $1,767.69, a P/E ratio of 35.37, a PEG ratio of 2.61 and a beta of 0.54.

Heartland Express (NASDAQ:HTLD) last posted its quarterly earnings results on Friday, October 27th. The transportation company reported $0.09 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.17 by ($0.08). Heartland Express had a net margin of 8.54% and a return on equity of 9.50%. The company had revenue of $182.10 million for the quarter, compared to the consensus estimate of $205.81 million. During the same period in the prior year, the firm posted $0.15 EPS. The business’s revenue was up 22.0% on a year-over-year basis. equities analysts predict that Heartland Express, Inc. will post 0.54 earnings per share for the current fiscal year.

In other news, EVP John P. Cosaert sold 7,146 shares of Heartland Express stock in a transaction that occurred on Monday, September 11th. The shares were sold at an average price of $22.54, for a total transaction of $161,070.84. Following the completion of the sale, the executive vice president now owns 57,668 shares of the company’s stock, valued at $1,299,836.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 42.10% of the company’s stock.

Several brokerages have issued reports on HTLD. Zacks Investment Research downgraded shares of Heartland Express from a “hold” rating to a “sell” rating in a research note on Wednesday, November 1st. Barclays PLC decreased their price objective on shares of Heartland Express from $21.00 to $20.00 and set an “underweight” rating for the company in a research note on Wednesday, November 1st. TheStreet downgraded shares of Heartland Express from a “b” rating to a “c” rating in a research note on Friday, October 27th. UBS AG raised their price objective on shares of Heartland Express from $22.00 to $23.00 and gave the stock a “neutral” rating in a research note on Monday, October 30th. Finally, J P Morgan Chase & Co raised their price objective on shares of Heartland Express from $19.00 to $21.00 and gave the stock an “underweight” rating in a research note on Thursday, October 12th. Four analysts have rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $24.17.

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Heartland Express 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.

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

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