California State Teachers Retirement System trimmed its stake in Heartland Express, Inc. (NASDAQ:HTLD) by 7.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 83,795 shares of the transportation company’s stock after selling 6,907 shares during the period. California State Teachers Retirement System owned approximately 0.10% of Heartland Express worth $1,745,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Pinebridge Investments L.P. increased its position in shares of Heartland Express by 1.0% in the second quarter. Pinebridge Investments L.P. now owns 5,707 shares of the transportation company’s stock worth $119,000 after purchasing an additional 58 shares during the last quarter. State of Alaska Department of Revenue boosted its stake in Heartland Express by 78.8% in the second quarter. State of Alaska Department of Revenue now owns 8,546 shares of the transportation company’s stock worth $177,000 after buying an additional 3,766 shares in the last quarter. Victory Capital Management Inc. boosted its stake in Heartland Express by 17.6% in the second quarter. Victory Capital Management Inc. now owns 10,005 shares of the transportation company’s stock worth $208,000 after buying an additional 1,500 shares in the last quarter. Neuberger Berman Group LLC purchased a new stake in Heartland Express in the second quarter worth approximately $210,000. Finally, Laurion Capital Management LP purchased a new stake in Heartland Express in the second quarter worth approximately $266,000. Institutional investors own 58.29% of the company’s stock.

Shares of Heartland Express, Inc. (NASDAQ HTLD) opened at $20.56 on Friday. The firm has a market capitalization of $1,769.35, a P/E ratio of 35.40, a PEG ratio of 2.61 and a beta of 0.54. Heartland Express, Inc. has a 52 week low of $18.71 and a 52 week high of $25.22.

Heartland Express (NASDAQ:HTLD) last released its quarterly earnings data on Friday, October 27th. The transportation company reported $0.09 earnings per share for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.08). Heartland Express had a net margin of 4.35% and a return on equity of 5.94%. The company had revenue of $182.10 million for the quarter, compared to analysts’ expectations of $205.81 million. During the same period last year, the company posted $0.15 EPS. The business’s revenue for the quarter was up 22.0% compared to the same quarter last year. analysts anticipate that Heartland Express, Inc. will post 0.54 earnings per share for the current fiscal year.

Several analysts have issued reports on the company. TheStreet lowered Heartland Express from a “b” rating to a “c” rating in a research note on Friday, October 27th. UBS AG upped their target price on Heartland Express from $22.00 to $23.00 and gave the stock a “neutral” rating in a research note on Monday, October 30th. Stifel Nicolaus raised Heartland Express from a “hold” rating to a “buy” rating and upped their target price for the stock from $22.00 to $28.00 in a research note on Friday, September 29th. Robert W. Baird reaffirmed a “hold” rating and issued a $26.00 target price on shares of Heartland Express in a research note on Friday, October 6th. Finally, Zacks Investment Research raised Heartland Express from a “hold” rating to a “buy” rating and set a $27.00 target price for the company in a research note on Monday, October 9th. Four 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. The stock currently has a consensus rating of “Hold” and an average target price of $24.17.

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In related news, EVP John P. Cosaert sold 7,146 shares of the firm’s stock in a transaction on Monday, September 11th. The stock was sold at an average price of $22.54, for a total value of $161,070.84. Following the completion of the sale, the executive vice president now owns 57,668 shares of the company’s stock, valued at $1,299,836.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 42.10% of the company’s stock.

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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