Heartland Express, Inc. (HTLD) Holdings Lifted by Arizona State Retirement System

Arizona State Retirement System boosted its position in shares of Heartland Express, Inc. (NASDAQ:HTLD) by 223.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 84,005 shares of the transportation company’s stock after buying an additional 58,038 shares during the period. Arizona State Retirement System owned 0.10% of Heartland Express worth $1,961,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Hartford Investment Management Co. purchased a new position in Heartland Express in the third quarter valued at $211,000. Crossmark Global Holdings Inc. purchased a new position in shares of Heartland Express during the third quarter worth about $238,000. Wrapmanager Inc. purchased a new position in shares of Heartland Express during the fourth quarter worth about $248,000. Piedmont Investment Advisors LLC purchased a new position in shares of Heartland Express during the third quarter worth about $273,000. Finally, Stevens Capital Management LP purchased a new position in shares of Heartland Express during the third quarter worth about $278,000. Institutional investors and hedge funds own 61.56% of the company’s stock.

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A number of research firms recently issued reports on HTLD. Zacks Investment Research raised Heartland Express from a “sell” rating to a “hold” rating in a report on Tuesday, January 9th. BidaskClub upgraded shares of Heartland Express from a “hold” rating to a “buy” rating in a research report on Wednesday, December 27th. TheStreet upgraded shares of Heartland Express from a “c” rating to a “b-” rating in a research report on Monday, February 12th. JPMorgan Chase cut their price objective on Heartland Express from $24.00 to $22.00 and set an “underweight” rating for the company in a research report on Wednesday, February 14th. Finally, Morgan Stanley lifted their price objective on Heartland Express from $15.00 to $16.00 and gave the stock an “underweight” rating in a research report on Tuesday, February 20th. Six analysts have rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $22.63.

Shares of NASDAQ:HTLD traded up $0.04 during midday trading on Monday, hitting $18.03. 953,505 shares of the company’s stock traded hands, compared to its average volume of 553,092. The firm has a market capitalization of $1,498.79, a price-to-earnings ratio of 35.28, a PEG ratio of 1.65 and a beta of 0.67. Heartland Express, Inc. has a twelve month low of $17.76 and a twelve month high of $25.22.

Heartland Express (NASDAQ:HTLD) last issued its quarterly earnings data 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 return on equity of 7.84% and a net margin of 12.38%. The firm had revenue of $165.00 million during the quarter, compared to analyst estimates of $190.22 million. During the same quarter in the prior year, the firm earned $0.16 EPS. The business’s quarterly revenue was up 17.9% compared to the same quarter last year. equities research analysts forecast that Heartland Express, Inc. will post 0.73 EPS for the current year.

The business also recently announced 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. 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 0.44%. Heartland Express’s dividend payout ratio (DPR) is presently 15.69%.

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Heartland Express Company 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.

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

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