Metropolitan Life Insurance Co. NY decreased its stake in Heartland Express, Inc. (NASDAQ:HTLD) by 53.5% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 14,937 shares of the transportation company’s stock after selling 17,211 shares during the quarter. Metropolitan Life Insurance Co. NY’s holdings in Heartland Express were worth $349,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently modified their holdings of the company. Ramsey Quantitative Systems acquired a new position in Heartland Express in the 4th quarter worth about $240,000. ETRADE Capital Management LLC acquired a new position in Heartland Express in the 4th quarter worth about $244,000. Wrapmanager Inc. acquired a new position in Heartland Express in the 4th quarter worth about $248,000. Russell Investments Group Ltd. acquired a new position in Heartland Express in the 3rd quarter worth about $288,000. Finally, OLD National Bancorp IN acquired a new position in Heartland Express in the 4th quarter worth about $287,000. Hedge funds and other institutional investors own 61.56% of the company’s stock.
A number of research firms recently weighed in on HTLD. Zacks Investment Research raised Heartland Express from a “sell” rating to a “hold” rating in a report on Tuesday, January 9th. BidaskClub raised Heartland Express from a “hold” rating to a “buy” rating in a report on Wednesday, December 27th. TheStreet raised Heartland Express from a “c” rating to a “b-” rating in a report on Monday, February 12th. JPMorgan Chase reduced their price target 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, Morgan Stanley upped their price target on Heartland Express from $15.00 to $16.00 and gave the stock an “underweight” rating in a report on Tuesday, February 20th. Six investment analysts have rated the stock with a sell rating and five have given a hold rating to the stock. The company has an average rating of “Sell” and an average price target of $21.13.
Shares of Heartland Express stock opened at $18.83 on Thursday. Heartland Express, Inc. has a 12 month low of $17.51 and a 12 month high of $25.22. The company has a market cap of $1,546.27, a price-to-earnings ratio of 36.92, a PEG ratio of 1.86 and a beta of 0.67.
Heartland Express (NASDAQ:HTLD) last announced its earnings results on Monday, February 12th. The transportation company reported $0.07 EPS for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.04). Heartland Express had a net margin of 12.38% and a return on equity of 7.84%. 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 previous year, the company earned $0.16 EPS. Heartland Express’s revenue was up 17.9% compared to the same quarter last year. equities research analysts expect that Heartland Express, Inc. will post 0.66 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Monday, April 2nd. Shareholders of record on Friday, March 23rd were issued a dividend of $0.02 per share. The ex-dividend date of this dividend was Thursday, March 22nd. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.42%. Heartland Express’s payout ratio is currently 15.69%.
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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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