Heartland Express, Inc. (NASDAQ:HTLD) Shares Purchased by First Eagle Investment Management LLC

First Eagle Investment Management LLC grew its stake in shares of Heartland Express, Inc. (NASDAQ:HTLD - Free Report) by 9.5% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 730,368 shares of the transportation company's stock after buying an additional 63,493 shares during the period. First Eagle Investment Management LLC owned 0.93% of Heartland Express worth $8,195,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in HTLD. R Squared Ltd purchased a new stake in shares of Heartland Express during the 4th quarter valued at $75,000. Intech Investment Management LLC purchased a new stake in shares of Heartland Express during the 3rd quarter valued at $124,000. Ieq Capital LLC purchased a new stake in shares of Heartland Express during the 4th quarter valued at $148,000. Allspring Global Investments Holdings LLC purchased a new stake in shares of Heartland Express during the 4th quarter valued at $171,000. Finally, Inspire Advisors LLC grew its stake in shares of Heartland Express by 11.4% during the 4th quarter. Inspire Advisors LLC now owns 17,310 shares of the transportation company's stock valued at $194,000 after buying an additional 1,770 shares during the period. 53.45% of the stock is owned by hedge funds and other institutional investors.

Heartland Express Stock Down 0.6 %

Shares of NASDAQ:HTLD traded down $0.06 during midday trading on Wednesday, hitting $9.43. 413,389 shares of the company's stock traded hands, compared to its average volume of 385,712. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.17 and a current ratio of 1.08. The company has a market cap of $740.73 million, a PE ratio of -25.49 and a beta of 0.80. The firm's fifty day moving average price is $10.81 and its two-hundred day moving average price is $11.45. Heartland Express, Inc. has a twelve month low of $9.11 and a twelve month high of $13.67.

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Heartland Express (NASDAQ:HTLD - Get Free Report) last posted 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%. On average, equities research analysts anticipate that Heartland Express, Inc. will post 0.17 EPS for the current fiscal year.

Heartland Express Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 4th. Shareholders of record on Tuesday, March 25th will be issued a $0.02 dividend. The ex-dividend date is Tuesday, March 25th. This represents a $0.08 dividend on an annualized basis and a yield of 0.85%. Heartland Express's dividend payout ratio is currently -21.62%.

Heartland Express Profile

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.