Metropolitan Life Insurance Co. NY Sells 17,211 Shares of Heartland Express, Inc. (HTLD)

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.

How to Become a New Pot Stock Millionaire

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%.

COPYRIGHT VIOLATION WARNING: “Metropolitan Life Insurance Co. NY Sells 17,211 Shares of Heartland Express, Inc. (HTLD)” was posted by The Ledger Gazette and is owned by of The Ledger Gazette. If you are accessing this piece of content on another publication, it was copied illegally and republished in violation of US and international trademark and copyright laws. The legal version of this piece of content can be viewed at https://ledgergazette.com/2018/04/19/metropolitan-life-insurance-co-ny-sells-17211-shares-of-heartland-express-inc-htld.html.

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.

Institutional Ownership by Quarter for Heartland Express (NASDAQ:HTLD)

Receive News & Ratings for Heartland Express Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Heartland Express and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply