Heartland Express, Inc. (NASDAQ:HTLD) Shares Bought by Keeley Teton Advisors LLC

Keeley Teton Advisors LLC lifted its holdings in shares of Heartland Express, Inc. (NASDAQ:HTLD - Free Report) by 100.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 365,421 shares of the transportation company's stock after buying an additional 183,450 shares during the period. Keeley Teton Advisors LLC owned about 0.47% of Heartland Express worth $4,100,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the business. Jane Street Group LLC grew its position in Heartland Express by 175.5% during the third quarter. Jane Street Group LLC now owns 104,085 shares of the transportation company's stock worth $1,278,000 after buying an additional 66,311 shares during the period. Barclays PLC grew its holdings in shares of Heartland Express by 326.4% in the 3rd quarter. Barclays PLC now owns 83,848 shares of the transportation company's stock worth $1,029,000 after acquiring an additional 64,185 shares during the period. M&T Bank Corp increased its stake in Heartland Express by 29.6% in the 3rd quarter. M&T Bank Corp now owns 65,255 shares of the transportation company's stock valued at $802,000 after purchasing an additional 14,921 shares in the last quarter. JPMorgan Chase & Co. increased its stake in Heartland Express by 159.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 127,153 shares of the transportation company's stock valued at $1,561,000 after purchasing an additional 78,237 shares in the last quarter. Finally, Inspire Investing LLC boosted its position in Heartland Express by 5.9% during the fourth quarter. Inspire Investing LLC now owns 39,395 shares of the transportation company's stock worth $442,000 after purchasing an additional 2,196 shares in the last quarter. 53.45% of the stock is owned by institutional investors and hedge funds.

Heartland Express Price Performance

HTLD stock traded up $0.20 on Friday, reaching $8.28. The company had a trading volume of 385,019 shares, compared to its average volume of 410,957. The company's fifty day moving average is $9.55 and its 200 day moving average is $10.89. The company has a market cap of $650.23 million, a P/E ratio of -22.38 and a beta of 0.97. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.17 and a current ratio of 1.08. Heartland Express, Inc. has a 1 year low of $7.98 and a 1 year high of $13.67.

Heartland Express (NASDAQ:HTLD - Get Free Report) last issued its quarterly earnings data 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%. On average, research analysts forecast that Heartland Express, Inc. will post 0.17 earnings per share for the current year.

Heartland Express Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, April 4th. Shareholders of record on Tuesday, March 25th were paid a dividend of $0.02 per share. The ex-dividend date of this dividend was Tuesday, March 25th. This represents a $0.08 annualized dividend and a dividend yield of 0.97%. Heartland Express's dividend payout ratio is currently -21.62%.

Analyst Ratings Changes

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

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.