Arrowstreet Capital Limited Partnership Has $7.82 Million Stock Holdings in Heartland Express, Inc. (NASDAQ:HTLD)

Arrowstreet Capital Limited Partnership grew its position in Heartland Express, Inc. (NASDAQ:HTLD - Free Report) by 29.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 696,823 shares of the transportation company's stock after purchasing an additional 157,892 shares during the quarter. Arrowstreet Capital Limited Partnership owned approximately 0.89% of Heartland Express worth $7,818,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. R Squared Ltd acquired a new position in Heartland Express in the 4th quarter valued at $75,000. KLP Kapitalforvaltning AS acquired a new stake in shares of Heartland Express in the fourth quarter valued at about $105,000. Intech Investment Management LLC bought a new position in shares of Heartland Express in the third quarter worth about $124,000. Ieq Capital LLC acquired a new position in shares of Heartland Express during the 4th quarter worth about $148,000. Finally, Allspring Global Investments Holdings LLC bought a new stake in Heartland Express during the 4th quarter valued at approximately $171,000. 53.45% of the stock is currently owned by institutional investors and hedge funds.

Heartland Express Stock Performance

NASDAQ HTLD traded down $0.18 during midday trading on Friday, hitting $8.45. The company had a trading volume of 444,407 shares, compared to its average volume of 409,942. The firm has a fifty day simple moving average of $9.87 and a two-hundred day simple moving average of $11.02. Heartland Express, Inc. has a fifty-two week low of $8.11 and a fifty-two week high of $13.67. The company has a quick ratio of 1.17, a current ratio of 1.08 and a debt-to-equity ratio of 0.23. The stock has a market cap of $663.58 million, a price-to-earnings ratio of -22.84 and a beta of 0.97.

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Heartland Express (NASDAQ:HTLD - Get Free Report) last released its earnings results on Tuesday, January 28th. The transportation company reported ($0.02) earnings per share for the quarter, beating the consensus estimate of ($0.04) by $0.02. Heartland Express had a negative net margin of 2.84% and a negative return on equity of 3.57%. Equities analysts forecast that Heartland Express, Inc. will post 0.17 earnings per share for the current fiscal year.

Heartland Express Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 4th. Stockholders of record on Tuesday, March 25th were issued a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a dividend yield of 0.95%. The ex-dividend date of this dividend was Tuesday, March 25th. Heartland Express's payout ratio is presently -21.62%.

Analyst Upgrades and Downgrades

Separately, Barclays dropped their price target on Heartland Express from $11.00 to $9.00 and set an "underweight" rating on the stock in a research report on Wednesday, April 2nd.

About Heartland Express

Heartland Express, Inc, together with its subsidiaries, operates as a short-to-medium, and long-haul truckload carrier in the United States and Canada. It primarily provides nationwide asset-based dry van truckload service for shippers; cross-border freight and other transportation services; and temperature-controlled truckload services.