Heartland Express, Inc. $HTLD Shares Purchased by Cwm LLC

Cwm LLC boosted its stake in shares of Heartland Express, Inc. (NASDAQ:HTLD) by 252.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 16,579 shares of the transportation company’s stock after buying an additional 11,872 shares during the quarter. Cwm LLC’s holdings in Heartland Express were worth $143,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Allspring Global Investments Holdings LLC boosted its position in shares of Heartland Express by 196.6% in the first quarter. Allspring Global Investments Holdings LLC now owns 45,273 shares of the transportation company’s stock worth $417,000 after acquiring an additional 30,010 shares during the last quarter. Inspire Investing LLC boosted its holdings in shares of Heartland Express by 24.4% in the 2nd quarter. Inspire Investing LLC now owns 53,948 shares of the transportation company’s stock valued at $466,000 after purchasing an additional 10,594 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in shares of Heartland Express by 2.6% in the 1st quarter. Principal Financial Group Inc. now owns 215,713 shares of the transportation company’s stock valued at $1,989,000 after purchasing an additional 5,447 shares during the last quarter. Victory Capital Management Inc. boosted its holdings in shares of Heartland Express by 29.8% in the 1st quarter. Victory Capital Management Inc. now owns 66,345 shares of the transportation company’s stock valued at $612,000 after purchasing an additional 15,251 shares during the last quarter. Finally, Nuveen LLC acquired a new position in shares of Heartland Express in the 1st quarter valued at $6,389,000. 53.45% of the stock is currently owned by institutional investors and hedge funds.

Heartland Express Stock Performance

HTLD stock opened at $7.56 on Friday. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.23. The firm has a market cap of $585.22 million, a P/E ratio of -16.43 and a beta of 1.06. Heartland Express, Inc. has a 12-month low of $7.11 and a 12-month high of $12.85. The stock’s 50 day simple moving average is $8.40 and its 200 day simple moving average is $8.47.

Heartland Express Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, October 3rd. Shareholders of record on Tuesday, September 23rd were paid a dividend of $0.02 per share. The ex-dividend date of this dividend was Tuesday, September 23rd. This represents a $0.08 annualized dividend and a yield of 1.1%. Heartland Express’s dividend payout ratio (DPR) is presently -17.39%.

Analyst Ratings Changes

A number of research analysts recently weighed in on HTLD shares. Robert W. Baird reduced their target price on Heartland Express from $9.00 to $8.50 and set a “neutral” rating on the stock in a report on Monday, July 28th. JPMorgan Chase & Co. reduced their target price on Heartland Express from $10.00 to $9.00 and set an “underweight” rating on the stock in a report on Wednesday, October 8th. Morgan Stanley reduced their price objective on Heartland Express from $11.00 to $10.00 and set an “equal weight” rating on the stock in a research note on Monday, October 6th. Zacks Research raised Heartland Express from a “strong sell” rating to a “hold” rating in a research note on Friday, October 3rd. Finally, Barclays reduced their price target on shares of Heartland Express from $9.00 to $8.00 and set an “underweight” rating on the stock in a research report on Wednesday, August 6th. Four analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Reduce” and a consensus target price of $8.88.

Insider Buying and Selling

In other news, CEO Michael J. Gerdin purchased 24,798 shares of the stock in a transaction dated Monday, August 18th. The shares were bought at an average cost of $8.19 per share, for a total transaction of $203,095.62. Following the transaction, the chief executive officer owned 1,491,868 shares in the company, valued at $12,218,398.92. This trade represents a 1.69% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Over the last 90 days, insiders have bought 30,000 shares of company stock worth $245,752. 40.70% of the stock is currently owned by company insiders.

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.