Clearbridge Investments LLC cut its holdings in Heartland Express, Inc. (NASDAQ:HTLD) by 28.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 96,042 shares of the transportation company’s stock after selling 38,000 shares during the quarter. Clearbridge Investments LLC owned 0.12% of Heartland Express worth $2,242,000 as of its most recent SEC filing.
Several other institutional investors have also bought and sold shares of the stock. American Century Companies Inc. boosted its stake in shares of Heartland Express by 1.6% in the fourth quarter. American Century Companies Inc. now owns 8,096,511 shares of the transportation company’s stock valued at $188,973,000 after buying an additional 128,030 shares in the last quarter. ArrowMark Colorado Holdings LLC boosted its stake in shares of Heartland Express by 12.0% in the fourth quarter. ArrowMark Colorado Holdings LLC now owns 7,016,174 shares of the transportation company’s stock valued at $163,758,000 after buying an additional 749,703 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Heartland Express by 1.8% in the third quarter. Dimensional Fund Advisors LP now owns 2,538,181 shares of the transportation company’s stock valued at $63,652,000 after buying an additional 45,022 shares in the last quarter. Standard Life Aberdeen plc boosted its stake in shares of Heartland Express by 15.9% in the fourth quarter. Standard Life Aberdeen plc now owns 2,297,155 shares of the transportation company’s stock valued at $53,616,000 after buying an additional 315,143 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in shares of Heartland Express by 3.5% in the fourth quarter. Bank of New York Mellon Corp now owns 758,449 shares of the transportation company’s stock valued at $17,703,000 after buying an additional 25,567 shares in the last quarter. Hedge funds and other institutional investors own 61.55% of the company’s stock.
A number of analysts recently weighed in on the company. ValuEngine downgraded Heartland Express from a “hold” rating to a “sell” rating in a research note on Wednesday, March 7th. Seaport Global Securities reaffirmed a “neutral” rating on shares of Heartland Express in a report on Tuesday, February 13th. BidaskClub cut Heartland Express from a “hold” rating to a “sell” rating in a report on Thursday, January 18th. JPMorgan Chase & Co. reduced their price objective on Heartland Express from $24.00 to $22.00 and set an “underweight” rating for the company in a report on Wednesday, February 14th. Finally, Zacks Investment Research cut Heartland Express from a “hold” rating to a “sell” rating in a report on Friday, December 22nd. Six research analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $23.14.
Heartland Express, Inc. (HTLD) opened at $19.72 on Friday. The stock has a market capitalization of $1,623.75, a price-to-earnings ratio of 21.91, a P/E/G ratio of 1.78 and a beta of 0.60. Heartland Express, Inc. has a 1-year low of $18.71 and a 1-year high of $25.22.
Heartland Express (NASDAQ:HTLD) last issued its quarterly earnings data on Monday, February 12th. The transportation company reported $0.07 earnings per share (EPS) for the quarter, missing the 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 firm had revenue of $165.00 million for the quarter, compared to analyst estimates of $190.22 million. During the same period in the prior year, the firm posted $0.16 earnings per share. The business’s revenue for the quarter was up 17.9% compared to the same quarter last year. research analysts predict that Heartland Express, Inc. will post 0.73 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Monday, April 2nd. Stockholders of record on Friday, March 23rd will be issued a $0.02 dividend. The ex-dividend date of this dividend is Thursday, March 22nd. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.41%. Heartland Express’s dividend payout ratio (DPR) is 8.89%.
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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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