Aberdeen Asset Management PLC UK raised its holdings in Heartland Express, Inc. (NASDAQ:HTLD) by 7.3% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,944,636 shares of the transportation company’s stock after buying an additional 132,157 shares during the quarter. Aberdeen Asset Management PLC UK owned approximately 2.33% of Heartland Express worth $40,488,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Municipal Employees Retirement System of Michigan grew its holdings in Heartland Express by 1.6% in the 1st quarter. Municipal Employees Retirement System of Michigan now owns 9,890 shares of the transportation company’s stock valued at $198,000 after buying an additional 160 shares during the period. Oppenheimer Asset Management Inc. grew its holdings in Heartland Express by 0.8% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 23,105 shares of the transportation company’s stock valued at $481,000 after buying an additional 187 shares during the period. Louisiana State Employees Retirement System grew its holdings in Heartland Express by 1.1% in the 1st quarter. Louisiana State Employees Retirement System now owns 17,600 shares of the transportation company’s stock valued at $353,000 after buying an additional 200 shares during the period. Aperio Group LLC grew its holdings in Heartland Express by 0.4% in the 2nd quarter. Aperio Group LLC now owns 50,728 shares of the transportation company’s stock valued at $1,056,000 after buying an additional 206 shares during the period. Finally, Texas Permanent School Fund grew its holdings in Heartland Express by 0.8% in the 2nd quarter. Texas Permanent School Fund now owns 31,623 shares of the transportation company’s stock valued at $658,000 after buying an additional 265 shares during the period. Institutional investors own 60.91% of the company’s stock.

HTLD has been the subject of several recent analyst reports. Zacks Investment Research cut Heartland Express from a “buy” rating to a “sell” rating in a report on Monday, July 3rd. Morgan Stanley restated an “underweight” rating on shares of Heartland Express in a report on Tuesday, July 11th. Stifel Nicolaus restated a “hold” rating and issued a $23.00 price target (up previously from $19.00) on shares of Heartland Express in a report on Monday, July 10th. BidaskClub upgraded Heartland Express from a “buy” rating to a “strong-buy” rating in a report on Saturday, July 1st. Finally, TheStreet cut Heartland Express from a “b-” rating to a “c+” rating in a report on Friday, May 26th. Two analysts have rated the stock with a sell rating and seven have issued a hold rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $20.80.

Shares of Heartland Express, Inc. (NASDAQ HTLD) traded up 0.66% during mid-day trading on Friday, hitting $22.87. The stock had a trading volume of 743,849 shares. The company has a 50-day moving average of $21.38 and a 200 day moving average of $20.51. The firm has a market cap of $1.91 billion, a price-to-earnings ratio of 35.18 and a beta of 0.53. Heartland Express, Inc. has a one year low of $17.06 and a one year high of $22.89.

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

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Heartland Express 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.

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

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