Comerica Bank Raises Position in Heartland Express, Inc. (HTLD)

Comerica Bank increased its stake in shares of Heartland Express, Inc. (NASDAQ:HTLD) by 13.6% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 52,604 shares of the transportation company’s stock after purchasing an additional 6,292 shares during the period. Comerica Bank owned 0.06% of Heartland Express worth $1,121,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of HTLD. Teachers Advisors LLC raised its holdings in Heartland Express by 5.3% in the 1st quarter. Teachers Advisors LLC now owns 81,169 shares of the transportation company’s stock valued at $1,627,000 after acquiring an additional 4,066 shares during the last quarter. Schwab Charles Investment Management Inc. raised its holdings in Heartland Express by 6.7% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 286,244 shares of the transportation company’s stock valued at $5,740,000 after acquiring an additional 18,000 shares during the last quarter. Cipher Capital LP acquired a new position in Heartland Express in the 2nd quarter valued at $599,000. Bessemer Group Inc. raised its holdings in Heartland Express by 6.3% in the 3rd quarter. Bessemer Group Inc. now owns 394,682 shares of the transportation company’s stock valued at $9,898,000 after acquiring an additional 23,298 shares during the last quarter. Finally, TIAA CREF Investment Management LLC raised its holdings in Heartland Express by 38.2% in the 2nd quarter. TIAA CREF Investment Management LLC now owns 166,282 shares of the transportation company’s stock valued at $3,462,000 after acquiring an additional 45,957 shares during the last quarter. Hedge funds and other institutional investors own 61.61% of the company’s stock.

Shares of Heartland Express, Inc. (NASDAQ HTLD) opened at $22.87 on Monday. Heartland Express, Inc. has a 12 month low of $18.71 and a 12 month high of $25.22. The stock has a market cap of $1,905.14, a price-to-earnings ratio of 38.12, a PEG ratio of 2.81 and a beta of 0.55.

Heartland Express (NASDAQ:HTLD) last announced its quarterly earnings data on Friday, October 27th. The transportation company reported $0.09 earnings per share (EPS) 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 analysts’ expectations of $205.81 million. During the same period in the prior year, the firm earned $0.15 earnings per share. The firm’s quarterly revenue was up 22.0% on a year-over-year basis. analysts anticipate that Heartland Express, Inc. will post 0.54 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 22nd. Stockholders of record on Tuesday, December 12th will be paid a dividend of $0.02 per share. The ex-dividend date of this dividend is Monday, December 11th. This represents a $0.08 annualized dividend and a dividend yield of 0.35%. Heartland Express’s dividend payout ratio is presently 13.33%.

In other news, EVP John P. Cosaert sold 7,146 shares of the business’s stock in a transaction 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 directly owns 57,668 shares of the company’s stock, valued at approximately $1,299,836.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 42.10% of the stock is owned by insiders.

Several research analysts have weighed in on the company. Zacks Investment Research downgraded Heartland Express from a “buy” rating to a “hold” rating in a report on Monday, October 16th. UBS boosted their price objective on shares of Heartland Express from $22.00 to $23.00 and gave the company a “neutral” rating in a research note on Monday, October 30th. Robert W. Baird reissued a “hold” rating and set a $24.00 price objective on shares of Heartland Express in a research note on Sunday, September 17th. Barclays lowered 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. Finally, TheStreet cut shares of Heartland Express from a “b” rating to a “c” rating in a research note on Friday, October 27th. Four investment analysts have rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company. Heartland Express has a consensus rating of “Hold” and a consensus price target of $24.17.

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Heartland Express Company 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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