Victory Capital Management Inc. lowered its stake in shares of Heartland Express, Inc. (NASDAQ:HTLD) by 23.8% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 15,510 shares of the transportation company’s stock after selling 4,840 shares during the quarter. Victory Capital Management Inc.’s holdings in Heartland Express were worth $288,000 at the end of the most recent quarter.
Several other institutional investors also recently bought and sold shares of HTLD. Capital Square LLC purchased a new stake in shares of Heartland Express during the 1st quarter valued at $32,000. Parallel Advisors LLC raised its position in Heartland Express by 152.4% in the 1st quarter. Parallel Advisors LLC now owns 3,314 shares of the transportation company’s stock worth $61,000 after purchasing an additional 2,001 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Heartland Express by 42.0% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,456 shares of the transportation company’s stock worth $64,000 after purchasing an additional 1,022 shares during the period. Lionsbridge Wealth Management LLC purchased a new position in Heartland Express in the 4th quarter worth $94,000. Finally, Nisa Investment Advisors LLC purchased a new position in Heartland Express in the 1st quarter worth $110,000. Hedge funds and other institutional investors own 53.39% of the company’s stock.
A number of equities analysts recently commented on HTLD shares. BidaskClub cut shares of Heartland Express from a “hold” rating to a “sell” rating in a research report on Thursday, June 11th. Barclays decreased their target price on shares of Heartland Express from $20.00 to $17.00 and set an “underweight” rating on the stock in a research report on Friday, April 17th. KeyCorp lifted their target price on shares of Heartland Express from $22.00 to $24.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 27th. Robert W. Baird raised shares of Heartland Express from a “neutral” rating to an “outperform” rating and set a $22.00 price target on the stock in a report on Tuesday, March 17th. Finally, Zacks Investment Research lowered shares of Heartland Express from a “hold” rating to a “sell” rating in a report on Tuesday. Four analysts have rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company’s stock. Heartland Express has an average rating of “Hold” and an average price target of $21.17.
Heartland Express (NASDAQ:HTLD) last issued its earnings results on Tuesday, April 21st. The transportation company reported $0.16 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.13 by $0.03. The firm had revenue of $166.30 million during the quarter, compared to analyst estimates of $164.93 million. Heartland Express had a net margin of 11.05% and a return on equity of 10.22%. Heartland Express’s revenue for the quarter was up 19.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.21 earnings per share. Equities research analysts anticipate that Heartland Express, Inc. will post 0.67 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 1st. Investors of record on Friday, June 19th will be paid a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a yield of 0.39%. The ex-dividend date is Thursday, June 18th. Heartland Express’s payout ratio is 8.99%.
About Heartland Express
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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