ETRADE Capital Management LLC acquired a new stake in shares of Heartland Express, Inc. (NASDAQ:HTLD) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 10,440 shares of the transportation company’s stock, valued at approximately $244,000.
Other large investors also recently made changes to their positions in the company. Hartford Investment Management Co. purchased a new position in Heartland Express during the third quarter valued at $211,000. Crossmark Global Holdings Inc. purchased a new position in Heartland Express during the third quarter valued at $238,000. Ramsey Quantitative Systems purchased a new position in Heartland Express during the fourth quarter valued at $240,000. Wrapmanager Inc. purchased a new position in Heartland Express during the fourth quarter valued at $248,000. Finally, Piedmont Investment Advisors LLC purchased a new position in Heartland Express during the third quarter valued at $273,000. Institutional investors and hedge funds own 61.55% of the company’s stock.
Heartland Express, Inc. (NASDAQ:HTLD) opened at $19.28 on Thursday. Heartland Express, Inc. has a one year low of $18.71 and a one year high of $25.22. The firm has a market capitalization of $1,617.09, a price-to-earnings ratio of 38.06, a PEG ratio of 1.78 and a beta of 0.60.
Heartland Express (NASDAQ:HTLD) last posted its quarterly earnings results on Monday, February 12th. The transportation company reported $0.07 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.11 by ($0.04). Heartland Express had a return on equity of 7.84% and a net margin of 12.38%. The business had revenue of $165.00 million during the quarter, compared to analysts’ expectations of $190.22 million. During the same quarter in the prior year, the firm earned $0.16 EPS. The firm’s revenue for the quarter was up 17.9% compared to the same quarter last year. analysts forecast that Heartland Express, Inc. will post 0.73 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, April 2nd. Stockholders of record on Friday, March 23rd will be paid a $0.02 dividend. This represents a $0.08 annualized dividend and a dividend yield of 0.41%. The ex-dividend date is Thursday, March 22nd. Heartland Express’s dividend payout ratio is currently 8.89%.
A number of brokerages have issued reports on HTLD. ValuEngine cut Heartland Express from a “hold” rating to a “sell” rating in a research note on Wednesday, March 7th. Morgan Stanley lifted their price objective on Heartland Express from $15.00 to $16.00 and gave the company an “underweight” rating in a research note on Tuesday, February 20th. Zacks Investment Research cut Heartland Express from a “hold” rating to a “sell” rating in a research note on Saturday, February 17th. BidaskClub cut Heartland Express from a “sell” rating to a “strong sell” rating in a research note on Saturday, February 17th. Finally, Seaport Global Securities reiterated a “neutral” rating on shares of Heartland Express in a research note on Tuesday, February 13th. Six research analysts have rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the stock. Heartland Express currently has an average rating of “Hold” and an average price target of $23.14.
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About Heartland Express
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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