Vanguard Group Inc. Sells 31,319 Shares of Heartland Express, Inc. (NASDAQ:HTLD)

Vanguard Group Inc. decreased its position in Heartland Express, Inc. (NASDAQ:HTLD - Free Report) by 0.6% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 4,885,311 shares of the transportation company's stock after selling 31,319 shares during the period. Vanguard Group Inc. owned approximately 6.22% of Heartland Express worth $54,813,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Barclays PLC lifted its holdings in Heartland Express by 326.4% during the third 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 in the last quarter. Y Intercept Hong Kong Ltd acquired a new stake in shares of Heartland Express during the fourth quarter worth about $288,000. JPMorgan Chase & Co. lifted its holdings in shares of Heartland Express by 159.9% during 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. Charles Schwab Investment Management Inc. grew its position in shares of Heartland Express by 5.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 898,289 shares of the transportation company's stock valued at $10,079,000 after purchasing an additional 45,732 shares during the period. Finally, Jane Street Group LLC increased its stake in Heartland Express by 175.5% during the 3rd quarter. Jane Street Group LLC now owns 104,085 shares of the transportation company's stock worth $1,278,000 after purchasing an additional 66,311 shares in the last quarter. Institutional investors own 53.45% of the company's stock.

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Wall Street Analysts Forecast Growth

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

Heartland Express Stock Down 2.2 %

Shares of NASDAQ:HTLD traded down $0.18 during mid-day trading on Wednesday, reaching $8.07. 250,651 shares of the stock were exchanged, compared to its average volume of 409,284. The company has a market cap of $633.74 million, a P/E ratio of -21.81 and a beta of 0.97. The stock's 50 day simple moving average is $9.74 and its 200-day simple moving average is $10.97. The company has a quick ratio of 1.17, a current ratio of 1.08 and a debt-to-equity ratio of 0.23. Heartland Express, Inc. has a one year low of $7.99 and a one year high of $13.67.

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

Heartland Express Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, April 4th. Investors of record on Tuesday, March 25th were given a dividend of $0.02 per share. The ex-dividend date was Tuesday, March 25th. This represents a $0.08 annualized dividend and a yield of 0.99%. Heartland Express's dividend payout ratio (DPR) is presently -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.