CWM Advisors LLC reduced its position in Heartland Express, Inc. (NASDAQ:HTLD) by 6.3% during the 4th quarter, HoldingsChannel.com reports. The fund owned 10,342 shares of the transportation company’s stock after selling 690 shares during the quarter. CWM Advisors LLC’s holdings in Heartland Express were worth $218,000 at the end of the most recent quarter.
Several other institutional investors have also recently added to or reduced their stakes in HTLD. Russell Investments Group Ltd. acquired a new stake in shares of Heartland Express during the third quarter valued at approximately $79,000. Strs Ohio acquired a new position in Heartland Express in the 3rd quarter worth approximately $122,000. Point72 Asset Management L.P. acquired a new position in Heartland Express in the 3rd quarter worth approximately $136,000. Royal Bank of Canada grew its position in Heartland Express by 18.7% during the 2nd quarter. Royal Bank of Canada now owns 6,663 shares of the transportation company’s stock worth $120,000 after purchasing an additional 1,048 shares in the last quarter. Finally, Bank of Montreal Can grew its position in Heartland Express by 92.3% during the 2nd quarter. Bank of Montreal Can now owns 7,927 shares of the transportation company’s stock worth $143,000 after purchasing an additional 3,805 shares in the last quarter. 55.23% of the stock is currently owned by institutional investors and hedge funds.
Shares of HTLD opened at $19.53 on Friday. The company’s 50 day moving average price is $20.81 and its 200 day moving average price is $20.79. Heartland Express, Inc. has a 52 week low of $17.29 and a 52 week high of $22.71. The company has a market capitalization of $1.60 billion, a PE ratio of 21.94 and a beta of 0.76. The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.29 and a current ratio of 2.29.
Heartland Express (NASDAQ:HTLD) last released its quarterly earnings data on Thursday, January 23rd. The transportation company reported $0.16 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.23 by ($0.07). Heartland Express had a net margin of 12.23% and a return on equity of 11.18%. The company had revenue of $167.20 million during the quarter, compared to analyst estimates of $170.47 million. During the same quarter in the prior year, the company posted $0.27 EPS. The firm’s quarterly revenue was up 13.7% compared to the same quarter last year. On average, equities analysts forecast that Heartland Express, Inc. will post 0.91 earnings per share for the current fiscal year.
Several analysts have issued reports on HTLD shares. Barclays reissued a “sell” rating and set a $18.00 target price on shares of Heartland Express in a research note on Thursday, October 3rd. UBS Group raised their target price on Heartland Express from $20.00 to $23.00 and gave the stock a “neutral” rating in a research report on Friday, October 11th. ValuEngine upgraded Heartland Express from a “sell” rating to a “hold” rating in a report on Saturday, October 19th. BidaskClub lowered Heartland Express from a “sell” rating to a “strong sell” rating in a research report on Tuesday, December 24th. Finally, Morgan Stanley increased their price objective on Heartland Express from $15.00 to $16.00 and gave the stock an “underweight” rating in a research note on Monday, October 7th. Four equities research analysts have rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company’s stock. Heartland Express currently has an average rating of “Hold” and a consensus price target of $20.86.
Heartland Express Company Profile
Heartland Express, Inc, together with 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 truckload services.
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