Stevens Capital Management LP Acquires Shares of 11,089 Heartland Express, Inc. (HTLD)

Stevens Capital Management LP acquired a new stake in shares of Heartland Express, Inc. (NASDAQ:HTLD) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 11,089 shares of the transportation company’s stock, valued at approximately $278,000.

Several other institutional investors have also recently modified their holdings of the company. Fortaleza Asset Management Inc. grew its position in shares of Heartland Express by 38.6% during the third quarter. Fortaleza Asset Management Inc. now owns 10,500 shares of the transportation company’s stock valued at $263,000 after purchasing an additional 2,925 shares in the last quarter. Crossmark Global Holdings Inc. bought a new position in shares of Heartland Express in the 3rd quarter valued at about $238,000. Dean Capital Management lifted its holdings in shares of Heartland Express by 137.7% in the 2nd quarter. Dean Capital Management now owns 215,880 shares of the transportation company’s stock valued at $4,495,000 after acquiring an additional 125,060 shares during the last quarter. The Manufacturers Life Insurance Company lifted its holdings in shares of Heartland Express by 4.6% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 38,365 shares of the transportation company’s stock valued at $799,000 after acquiring an additional 1,704 shares during the last quarter. Finally, Janus Henderson Group PLC bought a new position in shares of Heartland Express in the 2nd quarter valued at about $41,847,000. Hedge funds and other institutional investors own 57.20% 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 dated 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 sale, the executive vice president now owns 57,668 shares of the company’s stock, valued at $1,299,836.72. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 42.10% of the stock is owned by company insiders.

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A number of research analysts recently commented on HTLD shares. Zacks Investment Research downgraded shares of Heartland Express from a “buy” rating to a “hold” rating in a report on Friday, July 28th. J P Morgan Chase & Co increased their price target 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. TheStreet raised shares of Heartland Express from a “c+” rating to a “b” rating in a report on Thursday, September 7th. Robert W. Baird reaffirmed a “hold” rating and issued a $24.00 price target on shares of Heartland Express in a report on Sunday, September 17th. Finally, UBS AG increased their price target on shares of Heartland Express from $22.00 to $23.00 and gave the company a “neutral” rating in a report on Monday, October 30th. Four research analysts have rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $24.17.

Shares of Heartland Express, Inc. (NASDAQ HTLD) opened at $20.73 on Tuesday. The stock has a market cap of $1,712.70, a PE ratio of 34.27, a price-to-earnings-growth ratio of 2.52 and a beta of 0.54. Heartland Express, Inc. has a 12 month low of $18.71 and a 12 month high of $25.22.

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 9.50% and a net margin of 8.54%. 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.

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

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