Charles Schwab Investment Management Inc. Buys 45,732 Shares of Heartland Express, Inc. (NASDAQ:HTLD)

Charles Schwab Investment Management Inc. increased its holdings in shares of Heartland Express, Inc. (NASDAQ:HTLD - Free Report) by 5.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 898,289 shares of the transportation company's stock after acquiring an additional 45,732 shares during the period. Charles Schwab Investment Management Inc. owned approximately 1.14% of Heartland Express worth $10,079,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the stock. Inspire Investing LLC grew its position in Heartland Express by 5.9% during the 4th quarter. Inspire Investing LLC now owns 39,395 shares of the transportation company's stock valued at $442,000 after purchasing an additional 2,196 shares during the last quarter. Principal Financial Group Inc. increased its position in shares of Heartland Express by 2.9% during the fourth quarter. Principal Financial Group Inc. now owns 210,266 shares of the transportation company's stock valued at $2,359,000 after acquiring an additional 5,946 shares in the last quarter. R Squared Ltd bought a new position in Heartland Express in the 4th quarter valued at approximately $75,000. Intech Investment Management LLC purchased a new position in shares of Heartland Express in the third quarter worth $124,000. Finally, Ieq Capital LLC bought a new position in shares of Heartland Express during the fourth quarter valued at $148,000. 53.45% of the stock is owned by institutional investors.

Heartland Express Stock Performance

Shares of HTLD stock traded up $0.02 during trading hours on Wednesday, reaching $9.41. The company had a trading volume of 223,427 shares, compared to its average volume of 387,080. The firm has a market cap of $739.16 million, a PE ratio of -25.43 and a beta of 0.80. The business has a fifty day moving average price of $10.66 and a 200-day moving average price of $11.35. Heartland Express, Inc. has a one year low of $9.11 and a one year high of $13.67. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.17 and a current ratio of 1.08.

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Heartland Express (NASDAQ:HTLD - Get Free Report) last released its quarterly earnings results on Tuesday, January 28th. The transportation company reported ($0.02) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.04) by $0.02. Heartland Express had a negative return on equity of 3.57% and a negative net margin of 2.84%. Sell-side analysts predict 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 will be paid on Friday, April 4th. Stockholders of record on Tuesday, March 25th will be given a dividend of $0.02 per share. The ex-dividend date of this dividend is Tuesday, March 25th. This represents a $0.08 annualized dividend and a dividend yield of 0.85%. Heartland Express's payout ratio is -21.62%.

Heartland Express Company 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.