Heartland Express, Inc. (NASDAQ:HTLD) Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp lowered its position in Heartland Express, Inc. (NASDAQ:HTLD - Free Report) by 24.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 887,186 shares of the transportation company's stock after selling 293,772 shares during the period. Bank of New York Mellon Corp owned approximately 1.13% of Heartland Express worth $9,954,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. R Squared Ltd purchased a new position in shares of Heartland Express in the fourth quarter valued at $75,000. Intech Investment Management LLC acquired a new stake in shares of Heartland Express in the third quarter valued at approximately $124,000. Ieq Capital LLC acquired a new stake in shares of Heartland Express in the fourth quarter valued at approximately $148,000. Allspring Global Investments Holdings LLC acquired a new position in shares of Heartland Express during the 4th quarter worth approximately $171,000. Finally, Paloma Partners Management Co acquired a new position in shares of Heartland Express during the 3rd quarter worth approximately $202,000. 53.45% of the stock is owned by hedge funds and other institutional investors.

Heartland Express Price Performance

NASDAQ:HTLD traded down $0.04 during trading hours on Tuesday, reaching $9.49. 437,770 shares of the company traded hands, compared to its average volume of 385,405. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.08 and a quick ratio of 1.17. The firm's 50-day moving average is $10.83 and its 200-day moving average is $11.47. The stock has a market cap of $745.44 million, a P/E ratio of -25.65 and a beta of 0.80. Heartland Express, Inc. has a 1-year low of $9.11 and a 1-year high of $13.67.

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Heartland Express (NASDAQ:HTLD - Get Free Report) last posted its quarterly earnings data on Tuesday, January 28th. The transportation company reported ($0.02) EPS for the quarter, beating analysts' consensus estimates 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%. Equities research analysts expect that Heartland Express, Inc. will post 0.17 earnings per share for the current fiscal year.

Heartland Express Announces Dividend

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 $0.02 dividend. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.84%. The ex-dividend date is Tuesday, March 25th. Heartland Express's dividend payout ratio is presently -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.