Sei Investments Co. boosted its position in shares of Heartland Express, Inc. (NASDAQ:HTLD – Free Report) by 173.5% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 106,364 shares of the transportation company’s stock after acquiring an additional 67,470 shares during the quarter. Sei Investments Co.’s holdings in Heartland Express were worth $1,106,000 at the end of the most recent quarter.
Several other institutional investors also recently bought and sold shares of the company. Quarry LP purchased a new stake in Heartland Express during the fourth quarter worth about $25,000. PNC Financial Services Group Inc. boosted its stake in shares of 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 during the period. Tower Research Capital LLC TRC boosted its stake in shares of Heartland Express by 185.5% in the second quarter. Tower Research Capital LLC TRC now owns 4,673 shares of the transportation company’s stock valued at $40,000 after purchasing an additional 3,036 shares during the period. Fifth Third Bancorp grew its holdings in shares of Heartland Express by 3,737.9% in the first quarter. Fifth Third Bancorp now owns 10,746 shares of the transportation company’s stock valued at $112,000 after purchasing an additional 10,466 shares in the last quarter. Finally, BNP Paribas Financial Markets grew its holdings in shares of Heartland Express by 51.3% in the third quarter. BNP Paribas Financial Markets now owns 11,549 shares of the transportation company’s stock valued at $97,000 after purchasing an additional 3,918 shares in the last quarter. 53.45% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
Several equities research analysts recently weighed in on the stock. Zacks Research raised shares of Heartland Express from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 13th. Robert W. Baird raised their price target on shares of Heartland Express from $12.00 to $15.00 and gave the company an “outperform” rating in a research report on Friday, April 24th. Barclays boosted their price target on shares of Heartland Express from $12.00 to $14.00 and gave the stock an “underweight” rating in a research note on Thursday, June 25th. JPMorgan Chase & Co. upped their price objective on Heartland Express from $11.00 to $12.00 and gave the stock an “underweight” rating in a research report on Friday, July 31st. Finally, Wall Street Zen upgraded Heartland Express from a “hold” rating to a “buy” rating in a research note on Saturday, August 1st. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, two have issued a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $13.40.
Insider Activity
In related news, Director David Paul Millis sold 31,402 shares of the company’s stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $15.67, for a total value of $492,069.34. Following the completion of the sale, the director directly owned 28,387 shares of the company’s stock, valued at $444,824.29. This represents a 52.52% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 41.60% of the stock is currently owned by company insiders.
Heartland Express Price Performance
Shares of NASDAQ:HTLD opened at $12.29 on Thursday. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.58 and a quick ratio of 1.27. Heartland Express, Inc. has a 12 month low of $6.99 and a 12 month high of $16.64. The firm has a market capitalization of $952.35 million, a P/E ratio of -43.89 and a beta of 1.33. The company’s fifty day moving average price is $14.48 and its 200 day moving average price is $12.65.
Heartland Express (NASDAQ:HTLD – Get Free Report) last posted its earnings results on Wednesday, August 5th. The transportation company reported $0.14 EPS for the quarter. Heartland Express had a negative return on equity of 0.92% and a negative net margin of 2.98%.The business had revenue of $152.38 million for the quarter, compared to analysts’ expectations of $185.08 million. During the same quarter in the previous year, the firm earned ($0.14) earnings per share. The business’s revenue was down 12.5% compared to the same quarter last year. As a group, sell-side analysts predict that Heartland Express, Inc. will post 0.19 earnings per share for the current fiscal year.
Heartland Express Company Profile
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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