BNP Paribas Arbitrage SA increased its position in shares of Heartland Express, Inc. (NASDAQ:HTLD) by 53.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 26,646 shares of the transportation company’s stock after acquiring an additional 9,276 shares during the quarter. BNP Paribas Arbitrage SA’s holdings in Heartland Express were worth $668,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds have also recently made changes to their positions in the company. Janus Henderson Group PLC purchased a new stake in Heartland Express in the 2nd quarter valued at about $41,847,000. American Century Companies Inc. raised its holdings in 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 buying an additional 620,252 shares during the period. UBS Oconnor LLC purchased a new stake in Heartland Express in the 2nd quarter valued at about $10,930,000. Citadel Advisors LLC raised its holdings in Heartland Express by 341.8% in the 2nd quarter. Citadel Advisors LLC now owns 225,992 shares of the transportation company’s stock valued at $4,705,000 after buying an additional 174,842 shares during the period. Finally, Aberdeen Asset Management PLC UK raised its holdings in Heartland Express by 7.3% in the 2nd quarter. Aberdeen Asset Management PLC UK now owns 1,944,636 shares of the transportation company’s stock valued at $40,488,000 after buying an additional 132,157 shares during the period. 61.64% of the stock is currently owned by hedge funds and other institutional investors.
In other Heartland Express news, EVP John P. Cosaert sold 7,146 shares of the business’s stock in a transaction dated Monday, September 11th. The shares were sold at an average price of $22.54, for a total transaction of $161,070.84. Following the sale, the executive vice president now directly owns 57,668 shares in the company, valued at $1,299,836.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 42.10% of the stock is owned by corporate insiders.
Several analysts recently issued reports on HTLD shares. BidaskClub upgraded shares of Heartland Express from a “sell” rating to a “hold” rating in a report on Saturday, August 12th. TheStreet upgraded shares of Heartland Express from a “c+” rating to a “b” rating in a report on Thursday, September 7th. Zacks Investment Research lowered shares of Heartland Express from a “hold” rating to a “sell” rating in a report on Monday, September 11th. Robert W. Baird reiterated a “hold” rating and set a $24.00 price target on shares of Heartland Express in a research note on Sunday, September 17th. Finally, Stifel Nicolaus upgraded shares of Heartland Express from a “hold” rating to a “buy” rating and boosted their price target for the stock from $22.00 to $28.00 in a research note on Friday, September 29th. Four investment analysts have rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $24.17.
Shares of Heartland Express, Inc. (HTLD) opened at $22.29 on Wednesday. The stock has a market cap of $1,840.00, a PE ratio of 38.12, a price-to-earnings-growth ratio of 2.81 and a beta of 0.55. Heartland Express, Inc. has a one year low of $18.71 and a one year high of $25.22.
Heartland Express (NASDAQ:HTLD) last issued its quarterly earnings results on Friday, October 27th. The transportation company reported $0.09 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.17 by ($0.08). The business had revenue of $182.10 million for the quarter, compared to analysts’ expectations of $205.81 million. Heartland Express had a return on equity of 9.50% and a net margin of 8.54%. The firm’s revenue for the quarter was up 22.0% on a year-over-year basis. During the same quarter last year, the company earned $0.15 earnings per share. analysts expect that Heartland Express, Inc. will post 0.54 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 22nd. Shareholders of record on Tuesday, December 12th will be paid a dividend of $0.02 per share. The ex-dividend date of this dividend is Monday, December 11th. This represents a $0.08 dividend on an annualized basis and a yield of 0.36%. Heartland Express’s dividend payout ratio (DPR) is presently 13.33%.
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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