US Bancorp DE Cuts Holdings in Heartland Express, Inc. (HTLD)

US Bancorp DE lowered its holdings in shares of Heartland Express, Inc. (NASDAQ:HTLD) by 9.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 48,016 shares of the transportation company’s stock after selling 5,101 shares during the period. US Bancorp DE owned about 0.06% of Heartland Express worth $948,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Schwab Charles Investment Management Inc. raised its position in shares of Heartland Express by 6.2% in the second quarter. Schwab Charles Investment Management Inc. now owns 397,861 shares of the transportation company’s stock valued at $7,381,000 after buying an additional 23,158 shares during the last quarter. Legal & General Group Plc raised its position in shares of Heartland Express by 4.8% in the second quarter. Legal & General Group Plc now owns 105,469 shares of the transportation company’s stock valued at $1,955,000 after buying an additional 4,849 shares during the last quarter. Sei Investments Co. raised its position in shares of Heartland Express by 14.8% in the second quarter. Sei Investments Co. now owns 141,828 shares of the transportation company’s stock valued at $2,631,000 after buying an additional 18,331 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of 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 buying an additional 87,542 shares during the last quarter. Finally, American Century Companies Inc. raised its position in shares of 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 buying an additional 589,580 shares during the last quarter. Institutional investors own 59.92% of the company’s stock.

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

A number of equities analysts have recently weighed in on HTLD shares. TheStreet raised shares of Heartland Express from a “c+” rating to a “b-” rating in a research report on Thursday, August 30th. ValuEngine raised shares of Heartland Express from a “sell” rating to a “hold” rating in a research report on Thursday, October 18th. BidaskClub lowered shares of Heartland Express from a “hold” rating to a “sell” rating in a research report on Friday, September 21st. Deutsche Bank cut their price objective on shares of Heartland Express from $19.00 to $18.00 and set a “hold” rating for the company in a research report on Thursday, September 27th. Finally, Zacks Investment Research lowered shares of Heartland Express from a “buy” rating to a “hold” rating in a research report on Saturday, September 29th. Two equities research analysts have rated the stock with a sell rating and eight have given a hold rating to the company. The stock has a consensus rating of “Hold” and an average price target of $19.43.

Heartland Express stock opened at $19.77 on Friday. Heartland Express, Inc. has a 1 year low of $17.38 and a 1 year high of $23.89. The company has a market capitalization of $1.62 billion, a P/E ratio of 38.76, a P/E/G ratio of 1.57 and a beta of 0.60.

Heartland Express (NASDAQ:HTLD) last released its earnings results on Wednesday, October 17th. The transportation company reported $0.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.21 by $0.02. Heartland Express had a net margin of 14.11% and a return on equity of 9.60%. The firm had revenue of $151.30 million during the quarter, compared to the consensus estimate of $162.80 million. During the same period in the previous year, the firm earned $0.10 earnings per share. Heartland Express’s revenue was down 16.9% compared to the same quarter last year. As a group, equities analysts anticipate that Heartland Express, Inc. will post 0.84 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 14th. Investors of record on Tuesday, December 4th will be issued a $0.02 dividend. The ex-dividend date of this dividend is Monday, December 3rd. This represents a $0.08 dividend on an annualized basis and a yield of 0.40%. Heartland Express’s payout ratio is 15.69%.

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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.

Read More: Hedge Funds Explained

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

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