Nuance Investments LLC cut its position in shares of Heartland Express, Inc. (NASDAQ:HTLD) by 26.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,675,421 shares of the transportation company’s stock after selling 979,070 shares during the period. Heartland Express accounts for approximately 4.2% of Nuance Investments LLC’s investment portfolio, making the stock its 7th largest position. Nuance Investments LLC owned 3.21% of Heartland Express worth $55,702,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Parametric Portfolio Associates LLC increased its stake in shares of Heartland Express by 2.4% in the first quarter. Parametric Portfolio Associates LLC now owns 169,699 shares of the transportation company’s stock worth $3,402,000 after buying an additional 4,035 shares in the last quarter. Ameriprise Financial Inc. increased its stake in shares of Heartland Express by 6.2% in the first quarter. Ameriprise Financial Inc. now owns 402,860 shares of the transportation company’s stock worth $8,066,000 after buying an additional 23,641 shares in the last quarter. Sei Investments Co. increased its stake in shares of Heartland Express by 2.9% in the first quarter. Sei Investments Co. now owns 93,878 shares of the transportation company’s stock worth $1,882,000 after buying an additional 2,679 shares in the last quarter. Karp Capital Management Corp acquired a new stake in shares of Heartland Express during the first quarter worth $1,013,000. Finally, Ramsey Quantitative Systems acquired a new stake in shares of Heartland Express during the first quarter worth $448,000. 60.91% of the stock is currently owned by hedge funds and other institutional investors.

Heartland Express, Inc. (NASDAQ HTLD) opened at 22.45 on Friday. The company’s 50-day moving average price is $21.26 and its 200 day moving average price is $20.44. The company has a market capitalization of $1.87 billion, a price-to-earnings ratio of 34.54 and a beta of 0.51. Heartland Express, Inc. has a 12 month low of $17.06 and a 12 month high of $22.69.

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

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A number of research analysts have recently commented on HTLD shares. Zacks Investment Research upgraded Heartland Express from a “hold” rating to a “buy” rating and set a $24.00 price target for the company in a research note on Friday, July 21st. UBS AG upgraded Heartland Express from a “sell” rating to a “neutral” rating and increased their price target for the company from $20.00 to $22.00 in a research note on Monday, July 10th. BidaskClub cut Heartland Express from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, July 19th. Morgan Stanley reiterated an “underweight” rating on shares of Heartland Express in a research note on Tuesday, July 11th. Finally, Stifel Nicolaus reiterated a “hold” rating and issued a $23.00 price target (up from $19.00) on shares of Heartland Express in a research note on Monday, July 10th. Two research analysts have rated the stock with a sell rating and seven have assigned a hold rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $20.80.

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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