Texas Permanent School Fund Sells 230 Shares of Heartland Express, Inc. (HTLD)
Texas Permanent School Fund reduced its position in shares of Heartland Express, Inc. (NASDAQ:HTLD) by 0.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 31,358 shares of the transportation company’s stock after selling 230 shares during the period. Texas Permanent School Fund’s holdings in Heartland Express were worth $629,000 as of its most recent SEC filing.
A number of other large investors have also recently modified their holdings of the stock. Fortaleza Asset Management Inc. purchased a new stake in shares of Heartland Express during the fourth quarter worth approximately $154,000. Suntrust Banks Inc. raised its stake in shares of Heartland Express by 16.7% in the first quarter. Suntrust Banks Inc. now owns 13,891 shares of the transportation company’s stock worth $277,000 after buying an additional 1,984 shares in the last quarter. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Heartland Express during the fourth quarter worth approximately $278,000. Louisiana State Employees Retirement System raised its stake in shares of Heartland Express by 1.1% in the first quarter. Louisiana State Employees Retirement System now owns 17,600 shares of the transportation company’s stock worth $353,000 after buying an additional 200 shares in the last quarter. Finally, Ramsey Quantitative Systems purchased a new stake in shares of Heartland Express during the first quarter worth approximately $448,000. Hedge funds and other institutional investors own 60.32% of the company’s stock.
Shares of Heartland Express, Inc. (NASDAQ HTLD) opened at 20.71 on Friday. The stock has a market capitalization of $1.73 billion, a PE ratio of 30.77 and a beta of 0.51. Heartland Express, Inc. has a 12 month low of $16.55 and a 12 month high of $22.69. The company’s 50 day moving average price is $19.78 and its 200 day moving average price is $20.26.
Heartland Express (NASDAQ:HTLD) last issued its quarterly earnings data on Friday, April 21st. The transportation company reported $0.17 earnings per share for the quarter, beating analysts’ consensus estimates of $0.15 by $0.02. Heartland Express had a net margin of 9.66% and a return on equity of 11.20%. The business had revenue of $129.90 million for the quarter, compared to analysts’ expectations of $147.17 million. During the same period in the previous year, the business earned $0.17 earnings per share. The company’s revenue was down 20.2% on a year-over-year basis. Equities analysts anticipate that Heartland Express, Inc. will post $0.70 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 3rd. Investors of record on Friday, June 23rd will be paid a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.39%. The ex-dividend date is Wednesday, June 21st. Heartland Express’s dividend payout ratio is currently 11.76%.
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HTLD has been the topic of a number of recent research reports. BidaskClub upgraded Heartland Express from a “hold” rating to a “buy” rating in a research report on Wednesday. TheStreet downgraded Heartland Express from a “b-” rating to a “c+” rating in a report on Friday, May 26th. Finally, Zacks Investment Research downgraded Heartland Express from a “hold” rating to a “sell” rating in a report on Tuesday, April 11th. Three analysts have rated the stock with a sell rating, eleven have issued a hold rating and two have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $15.00.
About Heartland Express
Heartland Express, Inc is a holding company. The Company is a short-to-medium haul truckload carrier. The Company focuses primarily on short- to medium-haul, asset-based dry van truckload services in regional markets near its terminals. The Company’s truckload services are primarily asset-based transportation services in the dry van truckload market, and it also offers truckload temperature-controlled transportation services and non-asset based brokerage services.
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