Strs Ohio Acquires Shares of 11,200 Heartland Express, Inc. (NASDAQ:HTLD)

Strs Ohio purchased a new stake in Heartland Express, Inc. (NASDAQ:HTLDGet Rating) in the 3rd quarter, HoldingsChannel.com reports. The firm purchased 11,200 shares of the transportation company’s stock, valued at approximately $160,000.

Other large investors have also modified their holdings of the company. CWM LLC raised its holdings in shares of Heartland Express by 40.6% in the 2nd quarter. CWM LLC now owns 2,613 shares of the transportation company’s stock valued at $36,000 after purchasing an additional 754 shares in the last quarter. KBC Group NV bought a new stake in shares of Heartland Express in the 2nd quarter valued at about $46,000. Mutual of America Capital Management LLC raised its holdings in shares of Heartland Express by 16.6% in the 2nd quarter. Mutual of America Capital Management LLC now owns 7,821 shares of the transportation company’s stock valued at $109,000 after purchasing an additional 1,112 shares in the last quarter. DCM Advisors LLC bought a new stake in shares of Heartland Express in the 2nd quarter valued at about $138,000. Finally, PNC Financial Services Group Inc. raised its holdings in shares of Heartland Express by 26.0% in the 1st quarter. PNC Financial Services Group Inc. now owns 10,047 shares of the transportation company’s stock valued at $142,000 after purchasing an additional 2,075 shares in the last quarter. Institutional investors own 54.76% of the company’s stock.

Insider Activity

In other Heartland Express news, CEO Michael J. Gerdin acquired 7,475 shares of the company’s stock in a transaction dated Friday, December 9th. The shares were acquired at an average cost of $15.99 per share, with a total value of $119,525.25. Following the acquisition, the chief executive officer now directly owns 7,475 shares of the company’s stock, valued at $119,525.25. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, Director Michael John Sullivan purchased 2,000 shares of the stock in a transaction that occurred on Monday, December 12th. The shares were purchased at an average cost of $16.16 per share, with a total value of $32,320.00. Following the completion of the acquisition, the director now owns 17,664 shares of the company’s stock, valued at approximately $285,450.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Michael J. Gerdin purchased 7,475 shares of the stock in a transaction that occurred on Friday, December 9th. The shares were purchased at an average cost of $15.99 per share, for a total transaction of $119,525.25. Following the completion of the acquisition, the chief executive officer now directly owns 7,475 shares of the company’s stock, valued at approximately $119,525.25. The disclosure for this purchase can be found here. Insiders have acquired 12,356 shares of company stock valued at $198,633 in the last ninety days. Insiders own 39.50% of the company’s stock.

Analysts Set New Price Targets

HTLD has been the subject of several recent analyst reports. Barclays boosted their price objective on shares of Heartland Express from $13.00 to $14.00 and gave the stock an “underweight” rating in a research note on Wednesday, January 11th. StockNews.com initiated coverage on shares of Heartland Express in a research note on Wednesday, October 12th. They set a “hold” rating for the company. Morgan Stanley boosted their price objective on shares of Heartland Express from $17.00 to $18.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 11th. TheStreet upgraded shares of Heartland Express from a “c+” rating to a “b-” rating in a research note on Monday, December 5th. Finally, UBS Group upgraded shares of Heartland Express from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $17.00 to $18.00 in a research note on Friday, November 11th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company. According to MarketBeat, Heartland Express currently has an average rating of “Hold” and an average price target of $16.17.

Heartland Express Trading Up 1.3 %

Shares of Heartland Express stock opened at $16.68 on Friday. The company has a current ratio of 1.67, a quick ratio of 1.67 and a debt-to-equity ratio of 0.53. Heartland Express, Inc. has a 12-month low of $12.78 and a 12-month high of $17.32. The firm has a market capitalization of $1.32 billion, a price-to-earnings ratio of 9.53 and a beta of 0.60. The firm’s 50 day simple moving average is $16.14 and its two-hundred day simple moving average is $15.35.

Heartland Express (NASDAQ:HTLDGet Rating) last issued its quarterly earnings results on Wednesday, November 2nd. The transportation company reported $0.31 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.01). The company had revenue of $273.98 million for the quarter, compared to analyst estimates of $255.84 million. Heartland Express had a net margin of 18.18% and a return on equity of 17.70%. Analysts predict that Heartland Express, Inc. will post 1.11 EPS for the current year.

Heartland Express Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 19th. Stockholders of record on Friday, December 9th were issued a $0.02 dividend. This represents a $0.08 annualized dividend and a dividend yield of 0.48%. The ex-dividend date of this dividend was Thursday, December 8th. Heartland Express’s dividend payout ratio (DPR) is currently 4.57%.

About Heartland Express

(Get Rating)

Heartland Express, Inc, together with its subsidiaries, operates as a short-to-medium haul truckload carrier in the United States and Canada. It primarily provides nationwide asset-based dry van truckload service for shippers from Washington to Florida and New England to California; and temperature-controlled truckload services.

Featured Articles

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:HTLDGet Rating).

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

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