Goldman Sachs Group Inc. boosted its stake in Heartland Express, Inc. (NASDAQ:HTLD) by 60.2% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 267,810 shares of the transportation company’s stock after buying an additional 100,673 shares during the period. Goldman Sachs Group Inc. owned approximately 0.32% of Heartland Express worth $5,370,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of the company. Comerica Bank boosted its stake in Heartland Express by 5.7% in the fourth quarter. Comerica Bank now owns 46,813 shares of the transportation company’s stock worth $971,000 after buying an additional 2,521 shares in the last quarter. State Street Corp boosted its stake in Heartland Express by 17.5% in the fourth quarter. State Street Corp now owns 1,351,479 shares of the transportation company’s stock worth $27,517,000 after buying an additional 200,963 shares in the last quarter. Guggenheim Capital LLC boosted its stake in Heartland Express by 65.5% in the fourth quarter. Guggenheim Capital LLC now owns 24,880 shares of the transportation company’s stock worth $507,000 after buying an additional 9,850 shares in the last quarter. Thrivent Financial for Lutherans boosted its stake in Heartland Express by 5.4% in the fourth quarter. Thrivent Financial for Lutherans now owns 23,348 shares of the transportation company’s stock worth $475,000 after buying an additional 1,190 shares in the last quarter. Finally, Norges Bank bought a new stake in Heartland Express during the fourth quarter worth approximately $4,687,000. 60.83% of the stock is currently owned by institutional investors.

Heartland Express, Inc. (HTLD) traded down 0.52% on Friday, reaching $20.88. The company’s stock had a trading volume of 383,421 shares. Heartland Express, Inc. has a 1-year low of $17.06 and a 1-year high of $22.69. The company has a market capitalization of $1.74 billion, a price-to-earnings ratio of 32.12 and a beta of 0.51. The firm’s 50 day moving average price is $21.23 and its 200-day moving average price is $20.37.

Heartland Express (NASDAQ:HTLD) last issued its earnings results on Wednesday, August 2nd. The transportation company reported $0.18 EPS for the quarter, missing analysts’ consensus estimates of $0.19 by $0.01. The company had revenue of $129.62 million during the quarter, compared to analysts’ expectations of $139.89 million. Heartland Express had a return on equity of 10.60% and a net margin of 9.89%. The firm’s quarterly revenue was down 19.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.20 EPS. Equities analysts forecast that Heartland Express, Inc. will post $0.70 earnings per share for the current year.

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HTLD has been the topic of a number of recent research reports. TheStreet cut Heartland Express from a “b-” rating to a “c+” rating in a research note on Friday, May 26th. BidaskClub raised Heartland Express from a “hold” rating to a “buy” rating in a research note on Wednesday, June 14th. Zacks Investment Research raised Heartland Express from a “hold” rating to a “buy” rating and set a $23.00 price objective on the stock in a research report on Monday, June 26th. UBS AG raised Heartland Express from a “sell” rating to a “neutral” rating and increased their price objective for the company from $20.00 to $22.00 in a research report on Monday, July 10th. Finally, Stifel Nicolaus reaffirmed a “hold” rating and set a $23.00 price objective (up from $19.00) on shares of Heartland Express in a research report on Monday, July 10th. Two investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and one has given a buy rating to the company’s stock. Heartland Express presently has a consensus rating of “Hold” and a consensus price target of $16.55.

Heartland Express Company Profile

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.

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

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