Wells Fargo & Company MN grew its position in Heartland Express, Inc. (NASDAQ:HTLD) by 30.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 70,372 shares of the transportation company’s stock after purchasing an additional 16,329 shares during the period. Wells Fargo & Company MN owned approximately 0.08% of Heartland Express worth $1,642,000 at the end of the most recent quarter.
Several other hedge funds have also recently made changes to their positions in HTLD. Wrapmanager Inc. acquired a new position in shares of Heartland Express in the fourth quarter valued at about $248,000. OLD National Bancorp IN acquired a new position in shares of Heartland Express in the fourth quarter valued at about $287,000. Russell Investments Group Ltd. acquired a new position in shares of Heartland Express in the third quarter valued at about $288,000. Cubist Systematic Strategies LLC purchased a new stake in shares of Heartland Express in the third quarter worth about $346,000. Finally, Teacher Retirement System of Texas purchased a new stake in shares of Heartland Express in the fourth quarter worth about $366,000. 61.56% of the stock is currently owned by institutional investors and hedge funds.
A number of brokerages have recently commented on HTLD. BidaskClub downgraded Heartland Express from a “sell” rating to a “strong sell” rating in a research note on Friday, March 30th. Seaport Global Securities restated a “neutral” rating on shares of Heartland Express in a research note on Tuesday, February 13th. ValuEngine downgraded Heartland Express from a “hold” rating to a “sell” rating in a research note on Wednesday, March 7th. Zacks Investment Research downgraded Heartland Express from a “hold” rating to a “sell” rating in a research note on Friday, December 22nd. Finally, Stifel Nicolaus began coverage on Heartland Express in a research note on Friday, April 6th. They issued a “hold” rating and a $17.00 target price on the stock. Six equities research analysts have rated the stock with a sell rating and five have assigned a hold rating to the company’s stock. The stock currently has an average rating of “Sell” and a consensus price target of $21.13.
Heartland Express (NASDAQ:HTLD) last issued its quarterly earnings results on Monday, February 12th. The transportation company reported $0.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.04). The business had revenue of $165.00 million for the quarter, compared to analysts’ expectations of $190.22 million. Heartland Express had a return on equity of 7.84% and a net margin of 12.38%. The business’s revenue for the quarter was up 17.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.16 EPS. equities analysts forecast that Heartland Express, Inc. will post 0.66 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Monday, April 2nd. Shareholders of record on Friday, March 23rd were given a dividend of $0.02 per share. The ex-dividend date was Thursday, March 22nd. This represents a $0.08 dividend on an annualized basis and a yield of 0.43%. Heartland Express’s dividend payout ratio is currently 15.69%.
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.
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