Piedmont Investment Advisors LLC Invests $273,000 in Heartland Express, Inc. (HTLD)
Piedmont Investment Advisors LLC acquired a new position in Heartland Express, Inc. (NASDAQ:HTLD) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 10,887 shares of the transportation company’s stock, valued at approximately $273,000.
Several other large investors also recently bought and sold shares of the company. Cubist Systematic Strategies LLC purchased a new stake in shares of Heartland Express in the 3rd quarter worth $346,000. Highbridge Capital Management LLC purchased a new stake in Heartland Express in the 3rd quarter worth $387,000. OxFORD Asset Management LLP purchased a new stake in Heartland Express in the 3rd quarter worth $1,374,000. Dimensional Fund Advisors LP increased its stake in Heartland Express by 1.8% in the 3rd quarter. Dimensional Fund Advisors LP now owns 2,538,181 shares of the transportation company’s stock worth $63,652,000 after buying an additional 45,022 shares in the last quarter. Finally, Hartford Investment Management Co. purchased a new stake in Heartland Express in the 3rd quarter worth $211,000. Hedge funds and other institutional investors own 61.64% of the company’s stock.
A number of equities research analysts have issued reports on HTLD shares. Robert W. Baird reiterated a “hold” rating and issued a $24.00 price target on shares of Heartland Express in a research note on Sunday, September 17th. J P Morgan Chase & Co increased their price objective on shares of Heartland Express from $19.00 to $21.00 and gave the company an “underweight” rating in a report on Thursday, October 12th. Barclays dropped their price objective on shares of Heartland Express from $21.00 to $20.00 and set an “underweight” rating for the company in a report on Wednesday, November 1st. Zacks Investment Research downgraded shares of Heartland Express from a “hold” rating to a “sell” rating in a report on Monday, September 11th. Finally, TheStreet raised shares of Heartland Express from a “c+” rating to a “b” rating in a report on Thursday, September 7th. Four investment analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the stock. Heartland Express currently has a consensus rating of “Hold” and an average price target of $24.17.
Heartland Express (NASDAQ:HTLD) last announced its quarterly earnings data on Friday, October 27th. The transportation company reported $0.09 earnings per share (EPS) 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 the consensus estimate of $205.81 million. Heartland Express had a return on equity of 5.94% and a net margin of 4.35%. The firm’s revenue for the quarter was up 22.0% on a year-over-year basis. During the same period in the previous year, the business earned $0.15 EPS. equities analysts anticipate that Heartland Express, Inc. will post 0.54 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 22nd. Stockholders of record on Tuesday, December 12th will be given a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.35%. The ex-dividend date is Monday, December 11th. Heartland Express’s dividend payout ratio (DPR) is presently 13.33%.
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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