Thrivent Financial For Lutherans increased its position in Heartland Express, Inc. (NASDAQ:HTLD) by 4.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 24,408 shares of the transportation company’s stock after buying an additional 1,060 shares during the period. Thrivent Financial For Lutherans’ holdings in Heartland Express were worth $489,000 at the end of the most recent reporting period.
Other institutional investors also recently modified their holdings of the company. Ngam Advisors L.P. increased its position in Heartland Express by 10.7% in the first quarter. Ngam Advisors L.P. now owns 22,030 shares of the transportation company’s stock worth $442,000 after buying an additional 2,131 shares in the last quarter. Legal & General Group Plc increased its position in Heartland Express by 5.1% in the first quarter. Legal & General Group Plc now owns 80,561 shares of the transportation company’s stock worth $1,615,000 after buying an additional 3,920 shares in the last quarter. TIAA CREF Investment Management LLC increased its position in Heartland Express by 0.4% in the first quarter. TIAA CREF Investment Management LLC now owns 120,325 shares of the transportation company’s stock worth $2,413,000 after buying an additional 496 shares in the last quarter. Teachers Advisors LLC increased its position in Heartland Express by 5.3% in the first quarter. Teachers Advisors LLC now owns 81,169 shares of the transportation company’s stock worth $1,627,000 after buying an additional 4,066 shares in the last quarter. Finally, Principal Financial Group Inc. increased its position in Heartland Express by 3.7% in the first quarter. Principal Financial Group Inc. now owns 329,207 shares of the transportation company’s stock worth $6,601,000 after buying an additional 11,599 shares in the last quarter. 60.83% of the stock is currently owned by institutional investors and hedge funds.
Heartland Express, Inc. (NASDAQ:HTLD) traded down 0.28% during trading on Tuesday, reaching $21.30. 354,820 shares of the company were exchanged. The firm has a market capitalization of $1.77 billion, a PE ratio of 32.77 and a beta of 0.51. The stock has a 50 day moving average price of $21.21 and a 200 day moving average price of $20.35. Heartland Express, Inc. has a 12 month low of $17.06 and a 12 month high of $22.69.
Heartland Express (NASDAQ:HTLD) last announced its quarterly earnings results on Wednesday, August 2nd. The transportation company reported $0.18 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.19 by $0.01. The company had revenue of $129.62 million during the quarter, compared to analysts’ expectations of $139.89 million. Heartland Express had a net margin of 9.89% and a return on equity of 10.60%. The business’s revenue for the quarter was down 19.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.20 EPS. On average, analysts expect that Heartland Express, Inc. will post $0.68 EPS for the current fiscal year.
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Several equities research analysts have weighed in on the stock. Stifel Nicolaus restated a “hold” rating and issued a $23.00 target price (up from $19.00) on shares of Heartland Express in a research note on Monday, July 10th. Zacks Investment Research upgraded shares of Heartland Express from a “hold” rating to a “buy” rating and set a $23.00 target price for the company in a research note on Monday, June 26th. UBS AG upgraded shares of Heartland Express from a “sell” rating to a “neutral” rating and raised their target price for the company from $20.00 to $22.00 in a research note on Monday, July 10th. BidaskClub upgraded shares of Heartland Express from a “buy” rating to a “strong-buy” rating in a research note on Saturday, July 1st. Finally, Morgan Stanley reissued an “underweight” rating on shares of Heartland Express in a report on Tuesday, July 11th. Two research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and one has assigned a buy rating to the stock. Heartland Express has a consensus rating of “Hold” and an average target price of $16.55.
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.
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