Bessemer Group Inc. Has $9.90 Million Holdings in Heartland Express, Inc. (HTLD)
Bessemer Group Inc. raised its stake in Heartland Express, Inc. (NASDAQ:HTLD) by 6.3% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 394,682 shares of the transportation company’s stock after acquiring an additional 23,298 shares during the quarter. Bessemer Group Inc. owned approximately 0.47% of Heartland Express worth $9,898,000 at the end of the most recent reporting period.
Other large investors also recently made changes to their positions in the company. Pinebridge Investments L.P. lifted its holdings in Heartland Express by 1.0% in the second quarter. Pinebridge Investments L.P. now owns 5,707 shares of the transportation company’s stock valued at $119,000 after acquiring an additional 58 shares during the period. State of Alaska Department of Revenue lifted its holdings in Heartland Express by 78.8% in the second quarter. State of Alaska Department of Revenue now owns 8,546 shares of the transportation company’s stock valued at $177,000 after acquiring an additional 3,766 shares during the period. Crossmark Global Holdings Inc. acquired a new position in Heartland Express in the third quarter valued at approximately $238,000. Victory Capital Management Inc. lifted its holdings in Heartland Express by 17.6% in the second quarter. Victory Capital Management Inc. now owns 10,005 shares of the transportation company’s stock valued at $208,000 after acquiring an additional 1,500 shares during the period. Finally, Neuberger Berman Group LLC acquired a new position in Heartland Express in the second quarter valued at approximately $210,000. 60.15% of the stock is owned by institutional investors.
HTLD has been the subject of a number of analyst reports. BidaskClub downgraded Heartland Express from a “strong-buy” rating to a “buy” rating in a report on Wednesday, July 19th. Zacks Investment Research raised Heartland Express from a “hold” rating to a “buy” rating and set a $24.00 price target for the company in a report on Friday, July 21st. TheStreet raised Heartland Express from a “c+” rating to a “b” rating in a report on Thursday, September 7th. Robert W. Baird reissued a “hold” rating and issued a $24.00 price target on shares of Heartland Express in a report on Sunday, September 17th. Finally, Stifel Nicolaus raised Heartland Express from a “hold” rating to a “buy” rating and boosted their price target for the company from $22.00 to $28.00 in a report on Friday, September 29th. Four equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $24.17.
Heartland Express, Inc. (NASDAQ HTLD) traded down $0.15 during trading on Friday, hitting $21.22. The stock had a trading volume of 513,698 shares, compared to its average volume of 506,451. The stock has a market capitalization of $1,780.18, a PE ratio of 35.62, a PEG ratio of 2.62 and a beta of 0.54. Heartland Express, Inc. has a 1-year low of $18.71 and a 1-year high of $25.22.
Heartland Express (NASDAQ:HTLD) last posted its quarterly earnings data on Friday, October 27th. The transportation company reported $0.09 EPS for the quarter, missing the Zacks’ consensus estimate of $0.17 by ($0.08). The business had revenue of $182.10 million during the quarter, compared to analysts’ expectations of $205.81 million. Heartland Express had a net margin of 8.54% and a return on equity of 9.50%. The firm’s quarterly revenue was up 22.0% compared to the same quarter last year. During the same quarter last year, the firm earned $0.15 earnings per share. equities analysts predict that Heartland Express, Inc. will post 0.54 earnings per share for the current fiscal year.
In other news, EVP John P. Cosaert sold 7,146 shares of the business’s stock in a transaction that occurred on Monday, September 11th. The stock was sold at an average price of $22.54, for a total value of $161,070.84. Following the completion of the sale, the executive vice president now directly owns 57,668 shares in the company, valued at $1,299,836.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 42.10% of the stock is owned by insiders.
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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