Dean Capital Management increased its position in Heartland Express, Inc. (NASDAQ:HTLD) by 137.7% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 215,880 shares of the transportation company’s stock after purchasing an additional 125,060 shares during the period. Heartland Express accounts for about 2.2% of Dean Capital Management’s holdings, making the stock its 6th biggest holding. Dean Capital Management owned 0.26% of Heartland Express worth $4,495,000 at the end of the most recent reporting period.
Several other institutional investors have also recently bought and sold shares of HTLD. BlackRock Inc. lifted its holdings in shares of Heartland Express by 152,605.4% in the 1st quarter. BlackRock Inc. now owns 5,752,412 shares of the transportation company’s stock valued at $115,337,000 after purchasing an additional 5,748,645 shares during the last quarter. Janus Henderson Group PLC purchased a new stake in shares of Heartland Express in the 2nd quarter valued at about $41,847,000. American Century Companies Inc. lifted its holdings in shares of Heartland Express by 6.5% in the 2nd quarter. American Century Companies Inc. now owns 10,103,973 shares of the transportation company’s stock valued at $210,365,000 after purchasing an additional 620,252 shares during the last quarter. UBS Oconnor LLC purchased a new stake in shares of Heartland Express in the 2nd quarter valued at about $10,930,000. Finally, Vanguard Group Inc. lifted its holdings in shares of Heartland Express by 5.5% in the 1st quarter. Vanguard Group Inc. now owns 4,141,383 shares of the transportation company’s stock valued at $83,034,000 after purchasing an additional 214,721 shares during the last quarter. 60.91% of the stock is owned by institutional investors and hedge funds.
Shares of Heartland Express, Inc. (NASDAQ HTLD) traded up 0.21% during midday trading on Thursday, reaching $23.74. The company’s stock had a trading volume of 68,118 shares. The stock has a market capitalization of $1.98 billion, a PE ratio of 36.52 and a beta of 0.55. Heartland Express, Inc. has a 12 month low of $17.06 and a 12 month high of $25.22. The stock’s 50 day moving average is $22.87 and its 200 day moving average is $21.01.
Heartland Express (NASDAQ:HTLD) last posted its quarterly earnings results on Wednesday, August 2nd. The transportation company reported $0.18 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.19 by ($0.01). Heartland Express had a return on equity of 10.60% and a net margin of 9.89%. The business had revenue of $129.62 million during the quarter, compared to analyst estimates of $139.89 million. During the same quarter last year, the firm posted $0.20 EPS. The company’s quarterly revenue was down 19.4% compared to the same quarter last year. On average, analysts forecast that Heartland Express, Inc. will post $0.69 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, October 2nd. Shareholders of record on Friday, September 22nd were given a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a yield of 0.34%. The ex-dividend date was Thursday, September 21st. Heartland Express’s payout ratio is 12.12%.
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Several research firms have recently weighed in on HTLD. Stifel Nicolaus reissued a “hold” rating and issued a $23.00 target price (up from $19.00) on shares of Heartland Express in a report on Monday, July 10th. UBS AG raised Heartland Express from a “sell” rating to a “neutral” rating and upped their price objective for the company from $20.00 to $22.00 in a research note on Monday, July 10th. BidaskClub raised Heartland Express from a “buy” rating to a “strong-buy” rating in a research note on Saturday, July 1st. Robert W. Baird reaffirmed a “hold” rating and set a $26.00 price objective on shares of Heartland Express in a research note on Friday, October 6th. Finally, Zacks Investment Research raised Heartland Express from a “hold” rating to a “buy” rating and set a $27.00 price objective for the company in a research note on Monday. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $23.67.
In other Heartland Express 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 transaction, the executive vice president now directly owns 57,668 shares in the company, valued at approximately $1,299,836.72. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 42.10% of the company’s stock.
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.
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