Arizona State Retirement System Has $1.96 Million Position in Heartland Express, Inc. (HTLD)
Arizona State Retirement System boosted its position in shares of Heartland Express, Inc. (NASDAQ:HTLD) by 223.5% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 84,005 shares of the transportation company’s stock after acquiring an additional 58,038 shares during the period. Arizona State Retirement System’s holdings in Heartland Express were worth $1,961,000 as of its most recent filing with the SEC.
Other hedge funds have also recently added to or reduced their stakes in the company. Hartford Investment Management Co. acquired a new stake in Heartland Express during the third quarter valued at $211,000. Crossmark Global Holdings Inc. acquired a new stake in Heartland Express during the third quarter valued at $238,000. Wrapmanager Inc. acquired a new stake in Heartland Express during the fourth quarter valued at $248,000. Piedmont Investment Advisors LLC acquired a new stake in Heartland Express during the third quarter valued at $273,000. Finally, Stevens Capital Management LP acquired a new stake in Heartland Express during the third quarter valued at $278,000. Institutional investors own 61.45% of the company’s stock.
HTLD has been the topic of several analyst reports. Zacks Investment Research lowered shares of Heartland Express from a “hold” rating to a “sell” rating in a research report on Friday, December 22nd. Morgan Stanley lifted their target price on shares of Heartland Express from $15.00 to $16.00 and gave the company an “underweight” rating in a research report on Tuesday, February 20th. BidaskClub lowered shares of Heartland Express from a “hold” rating to a “sell” rating in a research report on Thursday, January 18th. Seaport Global Securities reiterated a “neutral” rating on shares of Heartland Express in a research report on Tuesday, February 13th. Finally, ValuEngine lowered shares of Heartland Express from a “hold” rating to a “sell” rating in a research report on Wednesday. Six analysts have rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $23.14.
Heartland Express (NASDAQ:HTLD) last announced its earnings results on Monday, February 12th. The transportation company reported $0.07 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.11 by ($0.04). Heartland Express had a net margin of 12.38% and a return on equity of 7.84%. The company had revenue of $165.00 million during the quarter, compared to analyst estimates of $190.22 million. During the same quarter last year, the business earned $0.16 EPS. The firm’s revenue for the quarter was up 17.9% compared to the same quarter last year. research analysts expect that Heartland Express, Inc. will post 0.73 earnings per share for the current fiscal year.
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.
Want to see what other hedge funds are holding HTLD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Heartland Express, Inc. (NASDAQ:HTLD).
Receive News & Ratings for Heartland Express Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Heartland Express and related companies with MarketBeat.com's FREE daily email newsletter.