GW&K Investment Management LLC cut its stake in Heartland Express, Inc. (NASDAQ:HTLD) by 15.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,200,010 shares of the transportation company’s stock after selling 226,945 shares during the quarter. GW&K Investment Management LLC owned about 1.44% of Heartland Express worth $28,008,000 as of its most recent SEC filing.
Other large investors have also added to or reduced their stakes in the company. Pinebridge Investments L.P. lifted its position in shares of Heartland Express by 1.0% during the second quarter. Pinebridge Investments L.P. now owns 5,707 shares of the transportation company’s stock worth $119,000 after purchasing an additional 58 shares during the last quarter. Victory Capital Management Inc. lifted its position in shares of Heartland Express by 17.6% during the second quarter. Victory Capital Management Inc. now owns 10,005 shares of the transportation company’s stock worth $208,000 after purchasing an additional 1,500 shares during the last quarter. Neuberger Berman Group LLC bought a new stake in shares of Heartland Express during the second quarter worth $210,000. Hartford Investment Management Co. bought a new stake in shares of Heartland Express during the third quarter worth $211,000. Finally, Crossmark Global Holdings Inc. bought a new stake in shares of Heartland Express during the third quarter worth $238,000. Institutional investors and hedge funds own 59.28% of the company’s stock.
HTLD has been the subject of several research analyst reports. JPMorgan Chase & Co. lifted their target price on Heartland Express from $19.00 to $21.00 and gave the stock an “underweight” rating in a research report on Thursday, October 12th. Barclays decreased their target price on Heartland Express from $21.00 to $20.00 and set an “underweight” rating for the company in a research report on Wednesday, November 1st. BidaskClub downgraded Heartland Express from a “buy” rating to a “hold” rating in a research report on Saturday, January 6th. Zacks Investment Research downgraded Heartland Express from a “buy” rating to a “hold” rating in a research report on Monday, October 16th. Finally, Robert W. Baird reiterated a “hold” rating and set a $26.00 target price on shares of Heartland Express in a research report on Friday, October 6th. Four equities research analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $24.17.
Heartland Express, Inc. (NASDAQ HTLD) opened at $23.56 on Friday. The company has a market capitalization of $1,932.62, a price-to-earnings ratio of 38.67, a PEG ratio of 2.05 and a beta of 0.55. Heartland Express, Inc. has a 52 week low of $18.71 and a 52 week high of $25.22.
Heartland Express (NASDAQ:HTLD) last announced its quarterly earnings results on Friday, October 27th. The transportation company reported $0.09 EPS for the quarter, missing the consensus estimate of $0.17 by ($0.08). The firm had revenue of $182.10 million for the quarter, compared to analysts’ expectations of $205.81 million. Heartland Express had a net margin of 8.54% and a return on equity of 9.50%. The business’s quarterly revenue was up 22.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.15 EPS. analysts forecast that Heartland Express, Inc. will post 0.55 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, December 22nd. Stockholders of record on Tuesday, December 12th were paid a dividend of $0.02 per share. The ex-dividend date of this dividend was Monday, December 11th. This represents a $0.08 annualized dividend and a dividend yield of 0.34%. Heartland Express’s dividend payout ratio is currently 13.33%.
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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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