UBS Oconnor LLC purchased a new stake in Heartland Express, Inc. (NASDAQ:HTLD) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 525,000 shares of the transportation company’s stock, valued at approximately $10,930,000. UBS Oconnor LLC owned 0.63% of Heartland Express as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Pinebridge Investments L.P. lifted its holdings in Heartland Express by 1.0% during the second quarter. Pinebridge Investments L.P. now owns 5,707 shares of the transportation company’s stock worth $119,000 after buying an additional 58 shares during the period. Municipal Employees Retirement System of Michigan lifted its holdings in Heartland Express by 1.6% during the first quarter. Municipal Employees Retirement System of Michigan now owns 9,890 shares of the transportation company’s stock worth $198,000 after buying an additional 160 shares during the period. Oppenheimer Asset Management Inc. lifted its holdings in Heartland Express by 0.8% during the second quarter. Oppenheimer Asset Management Inc. now owns 23,105 shares of the transportation company’s stock worth $481,000 after buying an additional 187 shares during the period. Aperio Group LLC lifted its holdings in Heartland Express by 0.4% during the second quarter. Aperio Group LLC now owns 50,728 shares of the transportation company’s stock worth $1,056,000 after buying an additional 206 shares during the period. Finally, Texas Permanent School Fund lifted its holdings in Heartland Express by 0.8% during the second quarter. Texas Permanent School Fund now owns 31,623 shares of the transportation company’s stock worth $658,000 after buying an additional 265 shares during the period. Hedge funds and other institutional investors own 60.91% of the company’s stock.

In other Heartland Express news, EVP John P. Cosaert sold 7,146 shares of the firm’s stock in a transaction that occurred on Monday, September 11th. The shares were sold at an average price of $22.54, for a total value of $161,070.84. Following the completion of the transaction, the executive vice president now owns 57,668 shares of the company’s stock, valued at approximately $1,299,836.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 42.10% of the company’s stock.

A number of analysts have weighed in on the company. BidaskClub upgraded Heartland Express from a “sell” rating to a “hold” rating in a report on Saturday, August 12th. Stifel Nicolaus upgraded Heartland Express from a “hold” rating to a “buy” rating and upped their target price for the stock from $22.00 to $28.00 in a report on Friday. Zacks Investment Research lowered Heartland Express from a “hold” rating to a “sell” rating in a report on Monday, September 11th. Robert W. Baird restated a “hold” rating and set a $24.00 target price on shares of Heartland Express in a report on Sunday, September 17th. Finally, TheStreet upgraded Heartland Express from a “c+” rating to a “b” rating in a report on Thursday, September 7th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the company. The company has an average rating of “Hold” and an average target price of $23.20.

TRADEMARK VIOLATION WARNING: “UBS Oconnor LLC Purchases Shares of 525,000 Heartland Express, Inc. (HTLD)” was reported by Watch List News and is the sole property of of Watch List News. If you are viewing this article on another publication, it was illegally stolen and reposted in violation of US and international copyright and trademark law. The legal version of this article can be read at https://www.watchlistnews.com/ubs-oconnor-llc-purchases-shares-of-525000-heartland-express-inc-htld/1598993.html.

Shares of Heartland Express, Inc. (NASDAQ:HTLD) traded up 7.69% during trading on Friday, hitting $25.08. The stock had a trading volume of 1,694,169 shares. The stock has a market cap of $2.09 billion, a P/E ratio of 38.58 and a beta of 0.53. The stock’s 50 day moving average price is $21.62 and its 200-day moving average price is $20.60. Heartland Express, Inc. has a one year low of $17.06 and a one year high of $25.22.

Heartland Express (NASDAQ:HTLD) last issued its quarterly earnings results on Wednesday, August 2nd. The transportation company reported $0.18 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.19 by ($0.01). Heartland Express had a net margin of 9.89% and a return on equity of 10.60%. The business had revenue of $129.62 million during the quarter, compared to analysts’ expectations of $139.89 million. During the same period in the prior year, the business earned $0.20 EPS. The business’s quarterly revenue was down 19.4% on a year-over-year basis. Analysts expect that Heartland Express, Inc. will post $0.70 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 2nd. Shareholders of record on Friday, September 22nd will be given a $0.02 dividend. The ex-dividend date of this dividend is Thursday, September 21st. This represents a $0.08 annualized dividend and a yield of 0.32%. Heartland Express’s dividend payout ratio is presently 12.12%.

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.

Want to see what other hedge funds are holding HTLD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Heartland Express, Inc. (NASDAQ:HTLD).

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

Receive News & Ratings for Heartland Express Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Heartland Express Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.