Municipal Employees Retirement System of Michigan raised its holdings in Heartland Express, Inc. (NASDAQ:HTLD) by 60.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,730 shares of the transportation company’s stock after buying an additional 8,580 shares during the period. Municipal Employees Retirement System of Michigan’s holdings in Heartland Express were worth $570,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Pinebridge Investments L.P. raised its stake in Heartland Express by 1.0% in the second quarter. Pinebridge Investments L.P. now owns 5,707 shares of the transportation company’s stock valued at $119,000 after buying an additional 58 shares in the last quarter. State of Alaska Department of Revenue raised 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 valued at $177,000 after buying an additional 3,766 shares in the last quarter. Crossmark Global Holdings Inc. acquired a new stake in Heartland Express in the third quarter valued at $238,000. Victory Capital Management Inc. raised 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 valued at $208,000 after buying an additional 1,500 shares in the last quarter. Finally, Neuberger Berman Group LLC acquired a new stake in Heartland Express in the second quarter valued at $210,000. Institutional investors own 61.61% of the company’s stock.

Shares of Heartland Express, Inc. (NASDAQ:HTLD) opened at $22.87 on Monday. Heartland Express, Inc. has a 52-week low of $18.71 and a 52-week high of $25.22. The company has a market capitalization of $1,905.14, a PE ratio of 38.12, a PEG ratio of 2.81 and a beta of 0.55.

Heartland Express (NASDAQ:HTLD) last posted its earnings results on Friday, October 27th. The transportation company reported $0.09 EPS for the quarter, missing the Zacks’ consensus estimate of $0.17 by ($0.08). Heartland Express had a return on equity of 9.50% and a net margin of 8.54%. The firm had revenue of $182.10 million for the quarter, compared to analyst estimates of $205.81 million. During the same quarter last year, the firm posted $0.15 EPS. The firm’s revenue for the quarter was up 22.0% on a year-over-year basis. research analysts expect that Heartland Express, Inc. will post 0.54 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 22nd. Stockholders of record on Tuesday, December 12th will be given a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.35%. The ex-dividend date of this dividend is Monday, December 11th. Heartland Express’s dividend payout ratio (DPR) is currently 13.33%.

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

HTLD has been the topic of a number of research analyst reports. TheStreet upgraded Heartland Express from a “c+” rating to a “b” rating in a research report on Thursday, September 7th. Stifel Nicolaus upgraded Heartland Express from a “hold” rating to a “buy” rating and lifted their target price for the stock from $22.00 to $28.00 in a research report on Friday, September 29th. Zacks Investment Research upgraded Heartland Express from a “hold” rating to a “buy” rating and set a $27.00 target price on the stock in a research report on Monday, October 9th. Robert W. Baird reiterated a “hold” rating and set a $26.00 target price on shares of Heartland Express in a research report on Friday, October 6th. Finally, BidaskClub upgraded Heartland Express from a “sell” rating to a “hold” rating in a research report on Saturday, August 12th. Four research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company. Heartland Express currently has an average rating of “Hold” and a consensus price target of $24.17.

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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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