Intech Investment Management LLC lifted its stake in shares of Heartland Express, Inc. (NASDAQ:HTLD – Free Report) by 285.2% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 78,916 shares of the transportation company’s stock after buying an additional 58,428 shares during the quarter. Intech Investment Management LLC owned approximately 0.10% of Heartland Express worth $713,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also made changes to their positions in HTLD. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Heartland Express by 4.4% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 27,708 shares of the transportation company’s stock valued at $255,000 after purchasing an additional 1,170 shares in the last quarter. PNC Financial Services Group Inc. boosted its holdings in Heartland Express by 76.7% in the fourth quarter. PNC Financial Services Group Inc. now owns 2,905 shares of the transportation company’s stock valued at $26,000 after purchasing an additional 1,261 shares in the last quarter. Legal & General Group Plc boosted its holdings in Heartland Express by 1.0% in the second quarter. Legal & General Group Plc now owns 126,736 shares of the transportation company’s stock valued at $1,095,000 after purchasing an additional 1,262 shares in the last quarter. Headlands Technologies LLC boosted its holdings in Heartland Express by 11.7% in the second quarter. Headlands Technologies LLC now owns 14,504 shares of the transportation company’s stock valued at $125,000 after purchasing an additional 1,517 shares in the last quarter. Finally, Pacific Ridge Capital Partners LLC boosted its holdings in Heartland Express by 4.7% in the fourth quarter. Pacific Ridge Capital Partners LLC now owns 40,933 shares of the transportation company’s stock valued at $370,000 after purchasing an additional 1,820 shares in the last quarter. 53.45% of the stock is owned by institutional investors and hedge funds.
Heartland Express Stock Up 2.8%
HTLD opened at $16.18 on Tuesday. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 0.20. The firm has a market cap of $1.25 billion, a P/E ratio of -28.89 and a beta of 1.31. Heartland Express, Inc. has a 52 week low of $6.99 and a 52 week high of $16.29. The business’s fifty day simple moving average is $12.81 and its 200 day simple moving average is $10.94.
Analyst Ratings Changes
A number of equities analysts recently issued reports on the company. Morgan Stanley set a $12.00 price target on Heartland Express in a report on Friday, May 8th. UBS Group boosted their price objective on Heartland Express from $11.00 to $12.00 and gave the company a “neutral” rating in a research note on Friday, April 24th. Robert W. Baird boosted their price objective on Heartland Express from $12.00 to $15.00 and gave the company an “outperform” rating in a research note on Friday, April 24th. Weiss Ratings restated a “sell (d-)” rating on shares of Heartland Express in a research note on Friday, March 27th. Finally, Barclays increased their price objective on Heartland Express from $10.00 to $12.00 and gave the stock an “underweight” rating in a research report on Tuesday, April 28th. One equities research analyst has rated the stock with a Buy rating, three have assigned a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, Heartland Express presently has an average rating of “Reduce” and an average target price of $12.20.
Read Our Latest Analysis on HTLD
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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