Barclays PLC lifted its position in shares of Heartland Express, Inc. (NASDAQ:HTLD) by 202.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 92,573 shares of the transportation company’s stock after buying an additional 61,971 shares during the quarter. Barclays PLC owned about 0.11% of Heartland Express worth $1,666,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently bought and sold shares of HTLD. American Century Companies Inc. increased its position in shares of Heartland Express by 15.0% during the first quarter. American Century Companies Inc. now owns 9,313,315 shares of the transportation company’s stock worth $167,547,000 after buying an additional 1,216,804 shares during the period. ArrowMark Colorado Holdings LLC increased its position in shares of Heartland Express by 12.0% during the fourth quarter. ArrowMark Colorado Holdings LLC now owns 7,016,174 shares of the transportation company’s stock worth $163,758,000 after buying an additional 749,703 shares during the period. OppenheimerFunds Inc. increased its position in shares of Heartland Express by 161.5% during the fourth quarter. OppenheimerFunds Inc. now owns 714,762 shares of the transportation company’s stock worth $16,682,000 after buying an additional 441,402 shares during the period. Standard Life Aberdeen plc increased its position in shares of Heartland Express by 15.9% during the fourth quarter. Standard Life Aberdeen plc now owns 2,297,155 shares of the transportation company’s stock worth $53,616,000 after buying an additional 315,143 shares during the period. Finally, Dimensional Fund Advisors LP increased its position in shares of Heartland Express by 6.5% during the first quarter. Dimensional Fund Advisors LP now owns 2,703,571 shares of the transportation company’s stock worth $48,637,000 after buying an additional 165,451 shares during the period. Institutional investors own 62.26% of the company’s stock.
Several equities research analysts have recently weighed in on the stock. BidaskClub upgraded shares of Heartland Express from a “sell” rating to a “hold” rating in a research report on Friday, June 1st. ValuEngine upgraded shares of Heartland Express from a “sell” rating to a “hold” rating in a research report on Thursday, May 31st. Morgan Stanley decreased their price objective on shares of Heartland Express to $15.00 and set an “underweight” rating for the company in a research report on Monday, May 7th. TheStreet cut shares of Heartland Express from a “b-” rating to a “c+” rating in a research report on Thursday, April 5th. Finally, Stifel Nicolaus assumed coverage on shares of Heartland Express in a research report on Friday, April 6th. They set a “hold” rating and a $17.00 price objective for the company. Four investment analysts have rated the stock with a sell rating and seven have given a hold rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $21.13.
Shares of NASDAQ HTLD opened at $19.47 on Thursday. The firm has a market cap of $1.60 billion, a P/E ratio of 38.18, a P/E/G ratio of 1.84 and a beta of 0.67. Heartland Express, Inc. has a 12-month low of $17.38 and a 12-month high of $25.22.
Heartland Express (NASDAQ:HTLD) last issued its earnings results on Wednesday, April 25th. The transportation company reported $0.16 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.12 by $0.04. The business had revenue of $156.70 million for the quarter, compared to analyst estimates of $169.55 million. Heartland Express had a net margin of 11.75% and a return on equity of 7.49%. analysts predict that Heartland Express, Inc. will post 0.71 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Monday, July 2nd. Investors of record on Friday, June 22nd will be paid a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a yield of 0.41%. The ex-dividend date of this dividend is Thursday, June 21st. Heartland Express’s dividend payout ratio is presently 15.69%.
Heartland Express declared that its Board of Directors has initiated a stock buyback program on Friday, May 11th that authorizes the company to buyback 5,000,000 outstanding shares. This buyback authorization authorizes the transportation company to purchase shares of its stock through open market purchases. Shares buyback programs are typically an indication that the company’s leadership believes its shares are undervalued.
Heartland Express Company Profile
Heartland Express, Inc, through its subsidiaries, operates as a short-to-medium haul truckload carrier in the United States and Canada. The company primarily provides nationwide asset-based dry van truckload service for shippers from Washington to Florida and New England to California; and temperature-controlled transportation services.
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