GW&K Investment Management LLC decreased its holdings in shares of Heartland Express, Inc. (NASDAQ:HTLD) by 15.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,200,010 shares of the transportation company’s stock after selling 226,945 shares during the period. GW&K Investment Management LLC owned approximately 1.44% of Heartland Express worth $28,008,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in HTLD. Janus Henderson Group PLC acquired a new position in Heartland Express during the 2nd quarter worth approximately $41,847,000. UBS Oconnor LLC acquired a new position in Heartland Express during the 2nd quarter worth approximately $10,930,000. Gilder Gagnon Howe & Co. LLC acquired a new position in Heartland Express during the 3rd quarter worth approximately $9,097,000. Citadel Advisors LLC increased its position in Heartland Express by 341.8% during the 2nd quarter. Citadel Advisors LLC now owns 225,992 shares of the transportation company’s stock worth $4,705,000 after purchasing an additional 174,842 shares during the period. Finally, Goldman Sachs Group Inc. increased its position in Heartland Express by 47.7% during the 2nd quarter. Goldman Sachs Group Inc. now owns 395,467 shares of the transportation company’s stock worth $8,233,000 after purchasing an additional 127,657 shares during the period. Institutional investors own 58.93% of the company’s stock.
Several equities analysts have issued reports on the company. BidaskClub cut Heartland Express from a “hold” rating to a “sell” rating in a research report on Thursday, January 18th. Zacks Investment Research upgraded Heartland Express from a “sell” rating to a “hold” rating in a research report on Tuesday, January 9th. Barclays lowered their price target on Heartland Express from $21.00 to $20.00 and set an “underweight” rating on the stock in a report on Wednesday, November 1st. TheStreet cut Heartland Express from a “b” rating to a “c” rating in a report on Friday, October 27th. Finally, UBS Group upped their price target on Heartland Express from $22.00 to $23.00 and gave the stock a “neutral” rating in a report on Monday, October 30th. Four investment analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company. Heartland Express currently has an average rating of “Hold” and a consensus target price of $24.17.
Heartland Express, Inc. (HTLD) traded down $0.13 on Friday, hitting $20.62. The company had a trading volume of 576,707 shares, compared to its average volume of 451,241. The firm has a market cap of $1,717.71, a PE ratio of 34.37, a P/E/G ratio of 1.82 and a beta of 0.47. Heartland Express, Inc. has a 1-year low of $18.71 and a 1-year high of $25.22.
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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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