Heartland Express, Inc. (NASDAQ:HTLD) Shares Bought by Legal & General Group Plc

Legal & General Group Plc increased its stake in shares of Heartland Express, Inc. (NASDAQ:HTLD) by 12.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 98,420 shares of the transportation company’s stock after buying an additional 10,916 shares during the quarter. Legal & General Group Plc owned about 0.12% of Heartland Express worth $2,466,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Bessemer Group Inc. grew its stake in Heartland Express by 6.3% during the 3rd quarter. Bessemer Group Inc. now owns 394,682 shares of the transportation company’s stock worth $9,898,000 after buying an additional 23,298 shares during the last quarter. Cipher Capital LP bought a new position in Heartland Express during the 2nd quarter worth $599,000. TIAA CREF Investment Management LLC grew its stake in Heartland Express by 38.2% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 166,282 shares of the transportation company’s stock worth $3,462,000 after buying an additional 45,957 shares during the last quarter. Dean Capital Management grew its stake in Heartland Express by 137.7% during the 2nd quarter. Dean Capital Management now owns 215,880 shares of the transportation company’s stock worth $4,495,000 after buying an additional 125,060 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its stake in Heartland Express by 9.2% during the 3rd quarter. Bank of New York Mellon Corp now owns 732,882 shares of the transportation company’s stock worth $18,381,000 after buying an additional 61,505 shares during the last quarter. Hedge funds and other institutional investors own 59.28% of the company’s stock.

Shares of Heartland Express, Inc. (NASDAQ:HTLD) opened at $23.59 on Friday. The firm has a market capitalization of $1,970.00, a price-to-earnings ratio of 39.32, a PEG ratio of 2.21 and a beta of 0.55. Heartland Express, Inc. has a twelve month low of $18.71 and a twelve month high of $25.22.

Heartland Express (NASDAQ:HTLD) last announced its quarterly earnings data on Friday, October 27th. The transportation company reported $0.09 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.17 by ($0.08). The firm had revenue of $182.10 million during the quarter, compared to analyst estimates of $205.81 million. Heartland Express had a net margin of 8.54% and a return on equity of 9.50%. The company’s quarterly revenue was up 22.0% compared to the same quarter last year. During the same quarter last year, the company earned $0.15 EPS. research analysts forecast that Heartland Express, Inc. will post 0.55 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 22nd. Stockholders of record on Tuesday, December 12th were issued a $0.02 dividend. The ex-dividend date was Monday, December 11th. This represents a $0.08 annualized dividend and a dividend yield of 0.34%. Heartland Express’s dividend payout ratio (DPR) is 13.33%.

Several research firms have recently issued reports on HTLD. BidaskClub raised Heartland Express from a “hold” rating to a “buy” rating in a research note on Wednesday, December 27th. Stifel Nicolaus raised Heartland Express from a “hold” rating to a “buy” rating and increased their price target for the stock from $22.00 to $28.00 in a research note on Friday, September 29th. Zacks Investment Research raised Heartland Express from a “hold” rating to a “buy” rating and set a $27.00 price target for the company in a research note on Monday, October 9th. TheStreet cut Heartland Express from a “b” rating to a “c” rating in a research note on Friday, October 27th. Finally, Robert W. Baird reissued a “hold” rating and issued a $26.00 price target on shares of Heartland Express in a research note on Friday, October 6th. Three investment analysts have rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company’s stock. Heartland Express presently has an average rating of “Hold” and an average target price of $24.17.

ILLEGAL ACTIVITY WARNING: “Heartland Express, Inc. (NASDAQ:HTLD) Shares Bought by Legal & General Group Plc” was originally posted by StockNewsTimes and is owned by of StockNewsTimes. If you are accessing this story on another domain, it was stolen and republished in violation of international copyright and trademark legislation. The legal version of this story can be viewed at https://stocknewstimes.com/2018/01/12/legal-general-group-plc-acquires-10916-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.

Latest News

Leave a Reply