WINTON GROUP Ltd Buys 8,290 Shares of Heartland Express, Inc. (NASDAQ:HTLD)

WINTON GROUP Ltd grew its stake in Heartland Express, Inc. (NASDAQ:HTLD) by 35.4% during the second quarter, Holdings Channel.com reports. The fund owned 31,687 shares of the transportation company’s stock after purchasing an additional 8,290 shares during the quarter. WINTON GROUP Ltd’s holdings in Heartland Express were worth $543,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the business. Victory Capital Management Inc. boosted its stake in shares of Heartland Express by 48.3% during the first quarter. Victory Capital Management Inc. now owns 30,818 shares of the transportation company’s stock valued at $603,000 after purchasing an additional 10,036 shares in the last quarter. Envestnet Asset Management Inc. boosted its stake in shares of Heartland Express by 30.9% during the first quarter. Envestnet Asset Management Inc. now owns 19,579 shares of the transportation company’s stock valued at $383,000 after purchasing an additional 4,619 shares in the last quarter. Los Angeles Capital Management LLC boosted its stake in shares of Heartland Express by 29.0% during the first quarter. Los Angeles Capital Management LLC now owns 20,940 shares of the transportation company’s stock valued at $410,000 after purchasing an additional 4,710 shares in the last quarter. The PNC Financial Services Group Inc. boosted its stake in shares of Heartland Express by 6.5% during the first quarter. The PNC Financial Services Group Inc. now owns 10,955 shares of the transportation company’s stock valued at $213,000 after purchasing an additional 667 shares in the last quarter. Finally, BNP Paribas Arbitrage SA boosted its stake in shares of Heartland Express by 65.0% during the first quarter. BNP Paribas Arbitrage SA now owns 26,327 shares of the transportation company’s stock valued at $515,000 after purchasing an additional 10,371 shares in the last quarter. Institutional investors and hedge funds own 56.07% of the company’s stock.

A number of equities analysts have recently issued reports on HTLD shares. JPMorgan Chase & Co. upgraded shares of Heartland Express from a “neutral” rating to an “overweight” rating and set a $20.00 price objective on the stock in a research note on Thursday, July 1st. TheStreet cut shares of Heartland Express from a “b-” rating to a “c+” rating in a research report on Friday, June 18th. Stifel Nicolaus assumed coverage on shares of Heartland Express in a research report on Monday, June 21st. They set a “buy” rating for the company. Finally, Zacks Investment Research raised shares of Heartland Express from a “sell” rating to a “hold” rating in a research report on Monday. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $21.17.

NASDAQ HTLD opened at $16.27 on Tuesday. The company has a fifty day simple moving average of $16.68 and a two-hundred day simple moving average of $17.89. The stock has a market cap of $1.29 billion, a P/E ratio of 18.08 and a beta of 0.54. Heartland Express, Inc. has a 12-month low of $15.71 and a 12-month high of $20.35.

Heartland Express (NASDAQ:HTLD) last posted its quarterly earnings results on Sunday, July 18th. The transportation company reported $0.26 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.26. The business had revenue of $154.10 million during the quarter, compared to analysts’ expectations of $165.27 million. Heartland Express had a net margin of 11.66% and a return on equity of 10.01%. The business’s quarterly revenue was down 4.2% on a year-over-year basis. During the same quarter last year, the company posted $0.24 earnings per share. On average, sell-side analysts forecast that Heartland Express, Inc. will post 0.99 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, October 1st. Shareholders of record on Wednesday, September 1st will be issued a $0.02 dividend. The ex-dividend date is Tuesday, August 31st. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.49%. Heartland Express’s dividend payout ratio is currently 9.20%.

Heartland Express declared that its board has initiated a share buyback program on Friday, August 20th that authorizes the company to repurchase 3,000,000 shares. This repurchase authorization authorizes the transportation company to buy shares of its stock through open market purchases. Shares repurchase programs are usually an indication that the company’s management believes its stock is undervalued.

Heartland Express Company Profile

Heartland Express, Inc is a holding company, which engages in the provision of short-to-medium haul truckload carrier services. It offers long haul truckload and regional truckload transportation. The company was founded by Russell A. Gerdin in 1978 and is headquartered in North Liberty, IA.

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Institutional Ownership by Quarter for Heartland Express (NASDAQ:HTLD)

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