Quadrant Capital Group LLC lifted its holdings in shares of Heartland Express, Inc. (NASDAQ:HTLD – Get Rating) by 353.9% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,973 shares of the transportation company's stock after purchasing an additional 2,318 shares during the quarter. Quadrant Capital Group LLC's holdings in Heartland Express were worth $42,000 as of its most recent SEC filing.
Several other hedge funds also recently modified their holdings of the business. State Board of Administration of Florida Retirement System increased its stake in shares of Heartland Express by 13.5% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 42,604 shares of the transportation company's stock worth $599,000 after purchasing an additional 5,083 shares during the last quarter. Royce & Associates LP bought a new stake in shares of Heartland Express during the 1st quarter worth $1,915,000. SummerHaven Investment Management LLC boosted its holdings in shares of Heartland Express by 4.9% during the 1st quarter. SummerHaven Investment Management LLC now owns 52,606 shares of the transportation company's stock worth $740,000 after buying an additional 2,470 shares during the period. Ziegler Capital Management LLC boosted its holdings in shares of Heartland Express by 12.0% during the 1st quarter. Ziegler Capital Management LLC now owns 91,832 shares of the transportation company's stock worth $1,292,000 after buying an additional 9,804 shares during the period. Finally, Victory Capital Management Inc. boosted its holdings in shares of Heartland Express by 28.4% during the 1st quarter. Victory Capital Management Inc. now owns 53,398 shares of the transportation company's stock worth $738,000 after buying an additional 11,803 shares during the period. Institutional investors and hedge funds own 54.82% of the company's stock.
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Analyst Upgrades and Downgrades
HTLD has been the subject of several recent analyst reports. StockNews.com downgraded shares of Heartland Express from a "buy" rating to a "hold" rating in a report on Monday. UBS Group upped their price objective on shares of Heartland Express to $16.00 in a report on Tuesday, July 26th.
Heartland Express Price Performance
Shares of Heartland Express stock opened at $15.83 on Tuesday. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.34 and a quick ratio of 3.46. Heartland Express, Inc. has a fifty-two week low of $12.78 and a fifty-two week high of $17.88. The firm has a fifty day moving average price of $14.44 and a two-hundred day moving average price of $14.24. The company has a market cap of $1.25 billion, a PE ratio of 9.05 and a beta of 0.55.
Heartland Express (NASDAQ:HTLD – Get Rating) last issued its quarterly earnings results on Monday, July 25th. The transportation company reported $0.97 earnings per share for the quarter, beating analysts' consensus estimates of $0.33 by $0.64. Heartland Express had a net margin of 21.64% and a return on equity of 18.49%. The firm had revenue of $187.20 million during the quarter, compared to the consensus estimate of $164.27 million. During the same period in the prior year, the firm earned $0.26 EPS. The business's revenue was up 21.5% on a year-over-year basis. Analysts expect that Heartland Express, Inc. will post 1.34 EPS for the current year.
Heartland Express Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 7th. Stockholders of record on Monday, June 27th were paid a $0.02 dividend. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.51%. The ex-dividend date of this dividend was Friday, June 24th. Heartland Express's dividend payout ratio is 4.57%.
Heartland Express Company Profile
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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.
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