UBS Group AG raised its holdings in shares of Heartland Express, Inc. (NASDAQ:HTLD – Free Report) by 90.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 529,514 shares of the transportation company’s stock after buying an additional 251,670 shares during the period. UBS Group AG owned about 0.68% of Heartland Express worth $4,782,000 at the end of the most recent reporting period.
Several other large investors have also modified their holdings of the business. GSA Capital Partners LLP increased its position in shares of Heartland Express by 237.4% during the third quarter. GSA Capital Partners LLP now owns 103,373 shares of the transportation company’s stock worth $866,000 after purchasing an additional 72,739 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of Heartland Express by 183.3% during the third quarter. JPMorgan Chase & Co. now owns 68,875 shares of the transportation company’s stock worth $577,000 after purchasing an additional 44,566 shares in the last quarter. Exchange Traded Concepts LLC increased its position in shares of Heartland Express by 16.7% during the fourth quarter. Exchange Traded Concepts LLC now owns 80,198 shares of the transportation company’s stock worth $724,000 after purchasing an additional 11,448 shares in the last quarter. Tweedy Browne Co LLC increased its position in shares of Heartland Express by 104.2% during the third quarter. Tweedy Browne Co LLC now owns 68,750 shares of the transportation company’s stock worth $576,000 after purchasing an additional 35,086 shares in the last quarter. Finally, Pacific Ridge Capital Partners LLC acquired a new position in shares of Heartland Express during the third quarter worth $328,000. Hedge funds and other institutional investors own 53.45% of the company’s stock.
Analysts Set New Price Targets
Several research firms recently issued reports on HTLD. Morgan Stanley set a $12.00 target price on Heartland Express in a research report on Friday, May 8th. JPMorgan Chase & Co. upped their target price on Heartland Express from $9.00 to $10.00 and gave the company an “underweight” rating in a research report on Friday, April 24th. Robert W. Baird upped their target price on Heartland Express from $12.00 to $15.00 and gave the company an “outperform” rating in a research report on Friday, April 24th. Wall Street Zen raised Heartland Express from a “hold” rating to a “buy” rating in a research report on Saturday, May 16th. Finally, Barclays upped their target price on Heartland Express from $10.00 to $12.00 and gave the company an “underweight” rating in a research report on Tuesday, April 28th. One analyst has rated the stock with a Buy rating, three have given a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Reduce” and a consensus target price of $12.20.
Heartland Express Trading Up 1.8%
HTLD stock opened at $14.28 on Friday. The company’s 50-day simple moving average is $11.52 and its 200-day simple moving average is $10.31. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 0.20. Heartland Express, Inc. has a 52-week low of $6.99 and a 52-week high of $14.30. The firm has a market cap of $1.11 billion, a P/E ratio of -25.50 and a beta of 1.28.
Heartland Express (NASDAQ:HTLD – Get Free Report) last posted its earnings results on Friday, April 24th. The transportation company reported ($0.06) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.13) by $0.07. The business had revenue of $153.81 million for the quarter, compared to analyst estimates of $177.30 million. Heartland Express had a negative net margin of 5.69% and a negative return on equity of 3.70%. The company’s revenue for the quarter was down 19.7% on a year-over-year basis. During the same period in the prior year, the company posted ($0.18) EPS. As a group, equities analysts forecast that Heartland Express, Inc. will post 0.04 EPS for the current fiscal year.
About Heartland Express
Heartland Express, Inc (NASDAQ: HTLD) is a publicly traded truckload carrier headquartered in North Liberty, Iowa. The company specializes in full truckload transportation, offering dry-van services that connect shippers with customers across the continental United States. Its primary focus is on over-the-road freight movements, serving industries such as manufacturing, retail, and consumer goods.
Founded in 1978 as Heartland Motor Freight, the company has grown from a regional carrier into one of the larger U.S.
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