Principal Financial Group Inc. Sells 14,711 Shares of Heartland Express, Inc. (NASDAQ:HTLD)

Principal Financial Group Inc. lowered its stake in shares of Heartland Express, Inc. (NASDAQ:HTLDFree Report) by 5.4% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 256,154 shares of the transportation company’s stock after selling 14,711 shares during the period. Principal Financial Group Inc. owned approximately 0.32% of Heartland Express worth $3,763,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Inspire Investing LLC boosted its stake in shares of Heartland Express by 7.5% in the third quarter. Inspire Investing LLC now owns 23,644 shares of the transportation company’s stock valued at $347,000 after purchasing an additional 1,654 shares during the period. Bank of New York Mellon Corp boosted its stake in shares of Heartland Express by 99.2% in the 3rd quarter. Bank of New York Mellon Corp now owns 1,224,494 shares of the transportation company’s stock valued at $17,988,000 after buying an additional 609,769 shares during the period. Cardinal Capital Management lifted its holdings in Heartland Express by 3.1% during the 3rd quarter. Cardinal Capital Management now owns 62,078 shares of the transportation company’s stock worth $913,000 after buying an additional 1,839 shares during the last quarter. SG Americas Securities LLC lifted its holdings in Heartland Express by 133.2% during the 3rd quarter. SG Americas Securities LLC now owns 18,082 shares of the transportation company’s stock worth $266,000 after buying an additional 10,327 shares during the last quarter. Finally, Legato Capital Management LLC lifted its holdings in Heartland Express by 75.4% during the 3rd quarter. Legato Capital Management LLC now owns 131,302 shares of the transportation company’s stock worth $1,929,000 after buying an additional 56,430 shares during the last quarter. Hedge funds and other institutional investors own 53.45% of the company’s stock.

Heartland Express Stock Performance

Shares of NASDAQ HTLD opened at $12.90 on Thursday. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.37 and a quick ratio of 1.28. The company has a market cap of $1.02 billion, a PE ratio of 71.67 and a beta of 0.63. The company has a 50-day simple moving average of $13.56 and a 200-day simple moving average of $14.23. Heartland Express, Inc. has a 12 month low of $11.44 and a 12 month high of $17.08.

Heartland Express (NASDAQ:HTLDGet Free Report) last posted its quarterly earnings data on Wednesday, January 31st. The transportation company reported $0.06 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.10) by $0.16. Heartland Express had a net margin of 1.22% and a return on equity of 1.71%. The company had revenue of $275.35 million during the quarter, compared to analysts’ expectations of $293.36 million. On average, equities analysts anticipate that Heartland Express, Inc. will post 0.13 earnings per share for the current year.

Heartland Express Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 15th. Shareholders of record on Tuesday, December 5th were paid a dividend of $0.02 per share. The ex-dividend date of this dividend was Monday, December 4th. This represents a $0.08 dividend on an annualized basis and a yield of 0.62%. Heartland Express’s dividend payout ratio (DPR) is 44.44%.

Insider Buying and Selling

In other news, CEO Michael J. Gerdin acquired 95,602 shares of Heartland Express stock in a transaction that occurred on Monday, November 20th. The shares were purchased at an average cost of $13.08 per share, for a total transaction of $1,250,474.16. Following the completion of the purchase, the chief executive officer now directly owns 427,794 shares of the company’s stock, valued at approximately $5,595,545.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Heartland Express news, Director Michael John Sullivan purchased 2,000 shares of the business’s stock in a transaction dated Monday, November 20th. The shares were bought at an average price of $12.92 per share, with a total value of $25,840.00. Following the completion of the acquisition, the director now owns 22,331 shares in the company, valued at approximately $288,516.52. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Michael J. Gerdin purchased 95,602 shares of the company’s stock in a transaction on Monday, November 20th. The shares were bought at an average price of $13.08 per share, for a total transaction of $1,250,474.16. Following the completion of the transaction, the chief executive officer now directly owns 427,794 shares in the company, valued at approximately $5,595,545.52. The disclosure for this purchase can be found here. Insiders have bought 297,780 shares of company stock worth $4,030,327 over the last ninety days. 39.60% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. decreased their price objective on Heartland Express from $15.00 to $14.00 and set a “neutral” rating for the company in a research report on Thursday, December 21st. One research analyst has rated the stock with a sell rating and three have issued a hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $14.75.

View Our Latest Research Report on HTLD

Heartland Express Profile

(Free Report)

Heartland Express, Inc, together with its subsidiaries, operates as a short-to-medium, and long haul truckload carrier in the United States and Canada. It primarily provides nationwide asset-based dry van truckload service for shippers; cross-border freight and other transportation services; and temperature-controlled truckload services.

See Also

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

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