Northern Trust Corp Acquires 5,988 Shares of Heartland Express, Inc. (HTLD)

Northern Trust Corp lifted its holdings in shares of Heartland Express, Inc. (NASDAQ:HTLD) by 0.9% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 665,912 shares of the transportation company’s stock after buying an additional 5,988 shares during the quarter. Northern Trust Corp’s holdings in Heartland Express were worth $12,352,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in HTLD. American Century Companies Inc. lifted its position in Heartland Express by 6.3% in the second quarter. American Century Companies Inc. now owns 9,902,895 shares of the transportation company’s stock valued at $183,699,000 after purchasing an additional 589,580 shares during the period. BlackRock Inc. lifted its position in Heartland Express by 5.8% in the second quarter. BlackRock Inc. now owns 6,677,913 shares of the transportation company’s stock valued at $123,875,000 after purchasing an additional 364,244 shares during the period. Phocas Financial Corp. acquired a new stake in Heartland Express in the second quarter valued at about $5,487,000. Dean Investment Associates LLC acquired a new stake in Heartland Express in the second quarter valued at about $3,475,000. Finally, Dimensional Fund Advisors LP lifted its position in Heartland Express by 3.2% in the second quarter. Dimensional Fund Advisors LP now owns 2,791,113 shares of the transportation company’s stock valued at $51,775,000 after purchasing an additional 87,542 shares during the period. Institutional investors and hedge funds own 60.01% of the company’s stock.

Shares of Heartland Express stock opened at $20.14 on Thursday. Heartland Express, Inc. has a 12-month low of $17.38 and a 12-month high of $23.89. The stock has a market capitalization of $1.65 billion, a price-to-earnings ratio of 29.53, a P/E/G ratio of 1.61 and a beta of 0.60.

Heartland Express (NASDAQ:HTLD) last issued its earnings results on Wednesday, October 17th. The transportation company reported $0.23 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.21 by $0.02. Heartland Express had a net margin of 14.11% and a return on equity of 9.66%. The company had revenue of $151.30 million during the quarter, compared to analysts’ expectations of $162.80 million. During the same period last year, the company posted $0.10 earnings per share. The firm’s quarterly revenue was down 16.9% compared to the same quarter last year. As a group, equities research analysts anticipate that Heartland Express, Inc. will post 0.83 EPS for the current year.

In other news, Director Larry J. Gordon sold 4,390 shares of the firm’s stock in a transaction that occurred on Friday, September 14th. The shares were sold at an average price of $21.03, for a total transaction of $92,321.70. Following the completion of the transaction, the director now directly owns 348,103 shares of the company’s stock, valued at approximately $7,320,606.09. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Larry J. Gordon sold 29,054 shares of the firm’s stock in a transaction that occurred on Wednesday, September 12th. The stock was sold at an average price of $21.00, for a total transaction of $610,134.00. Following the transaction, the director now directly owns 352,493 shares of the company’s stock, valued at $7,402,353. The disclosure for this sale can be found here. Company insiders own 42.10% of the company’s stock.

A number of equities research analysts recently commented on HTLD shares. TheStreet upgraded shares of Heartland Express from a “c+” rating to a “b-” rating in a research report on Thursday, August 30th. BidaskClub raised shares of Heartland Express from a “hold” rating to a “buy” rating in a report on Wednesday, July 11th. Zacks Investment Research raised shares of Heartland Express from a “hold” rating to a “buy” rating and set a $23.00 target price for the company in a report on Wednesday, August 22nd. Robert W. Baird reaffirmed a “hold” rating and issued a $20.00 target price on shares of Heartland Express in a report on Friday, July 20th. Finally, Stifel Nicolaus reaffirmed a “hold” rating and issued a $19.00 target price on shares of Heartland Express in a report on Friday, July 20th. Two equities research analysts have rated the stock with a sell rating and eight have assigned a hold rating to the stock. The company currently has an average rating of “Hold” and an average target price of $19.43.

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Heartland Express Profile

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

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

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