Heartland Express, Inc. (NASDAQ:HTLD) Position Increased by Great West Life Assurance Co. Can
Great West Life Assurance Co. Can lifted its stake in Heartland Express, Inc. (NASDAQ:HTLD) by 4.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 64,235 shares of the transportation company’s stock after purchasing an additional 2,803 shares during the period. Great West Life Assurance Co. Can’s holdings in Heartland Express were worth $1,237,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. PNC Financial Services Group Inc. lifted its stake in shares of Heartland Express by 60.1% in the fourth quarter. PNC Financial Services Group Inc. now owns 2,105 shares of the transportation company’s stock valued at $38,000 after purchasing an additional 790 shares during the period. Comerica Bank increased its holdings in Heartland Express by 1.9% during the 1st quarter. Comerica Bank now owns 47,169 shares of the transportation company’s stock valued at $919,000 after acquiring an additional 876 shares in the last quarter. Victory Capital Management Inc. increased its holdings in Heartland Express by 4.1% during the 4th quarter. Victory Capital Management Inc. now owns 24,854 shares of the transportation company’s stock valued at $455,000 after acquiring an additional 969 shares in the last quarter. Texas Permanent School Fund increased its holdings in Heartland Express by 3.8% during the 1st quarter. Texas Permanent School Fund now owns 32,264 shares of the transportation company’s stock valued at $622,000 after acquiring an additional 1,169 shares in the last quarter. Finally, Resources Investment Advisors Inc. purchased a new position in Heartland Express during the 4th quarter valued at about $29,000. Hedge funds and other institutional investors own 56.54% of the company’s stock.
Several research firms have weighed in on HTLD. Stephens set a $22.00 target price on shares of Heartland Express and gave the company a “hold” rating in a report on Monday, April 22nd. Zacks Investment Research upgraded shares of Heartland Express from a “hold” rating to a “buy” rating and set a $20.00 target price for the company in a report on Saturday, June 1st. Finally, BidaskClub downgraded shares of Heartland Express from a “hold” rating to a “sell” rating in a report on Saturday, June 1st. Two analysts have rated the stock with a sell rating and six have assigned a hold rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $19.17.
NASDAQ:HTLD opened at $18.76 on Thursday. Heartland Express, Inc. has a twelve month low of $17.00 and a twelve month high of $21.66. The stock has a market cap of $1.54 billion, a price-to-earnings ratio of 20.14 and a beta of 0.79.
Heartland Express (NASDAQ:HTLD) last posted its earnings results on Thursday, April 18th. The transportation company reported $0.21 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.19 by $0.02. Heartland Express had a net margin of 12.91% and a return on equity of 12.64%. The firm had revenue of $139.54 million during the quarter, compared to the consensus estimate of $147.43 million. During the same period last year, the firm posted $0.16 EPS. The firm’s revenue for the quarter was down 11.0% on a year-over-year basis. As a group, equities research analysts anticipate that Heartland Express, Inc. will post 0.97 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, July 1st. Shareholders of record on Friday, June 21st will be issued a dividend of $0.02 per share. The ex-dividend date of this dividend is Thursday, June 20th. This represents a $0.08 annualized dividend and a yield of 0.43%. Heartland Express’s dividend payout ratio (DPR) is currently 9.09%.
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Heartland Express Profile
Heartland Express, Inc, together with 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 truckload services.
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