Thrivent Financial for Lutherans lowered its position in Heartland Express, Inc. (NASDAQ:HTLD) by 2.7% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 33,479 shares of the transportation company’s stock after selling 926 shares during the period. Thrivent Financial for Lutherans’ holdings in Heartland Express were worth $613,000 as of its most recent SEC filing.
Several other institutional investors have also recently modified their holdings of HTLD. Resources Investment Advisors Inc. purchased a new stake in Heartland Express during the 4th quarter worth approximately $29,000. PNC Financial Services Group Inc. grew its position in Heartland Express by 60.1% during the 4th quarter. PNC Financial Services Group Inc. now owns 2,105 shares of the transportation company’s stock worth $38,000 after purchasing an additional 790 shares during the last quarter. Oppenheimer Asset Management Inc. purchased a new stake in Heartland Express during the 4th quarter worth approximately $46,000. Quantamental Technologies LLC purchased a new stake in Heartland Express during the 4th quarter worth approximately $105,000. Finally, Stephens Inc. AR purchased a new stake in Heartland Express during the 4th quarter worth approximately $207,000. 60.04% of the stock is currently owned by hedge funds and other institutional investors.
Shares of HTLD traded up $0.24 during trading hours on Friday, hitting $19.93. The stock had a trading volume of 219,996 shares, compared to its average volume of 394,776. Heartland Express, Inc. has a fifty-two week low of $17.00 and a fifty-two week high of $21.66. The stock has a market cap of $1.63 billion, a P/E ratio of 22.65, a P/E/G ratio of 1.37 and a beta of 0.75.
HTLD has been the topic of several research analyst reports. Zacks Investment Research downgraded shares of Heartland Express from a “buy” rating to a “hold” rating in a research report on Wednesday, January 16th. BidaskClub downgraded shares of Heartland Express from a “hold” rating to a “sell” rating in a report on Friday. Finally, Stephens set a $22.00 price objective on shares of Heartland Express and gave the company a “hold” rating in a report on Monday, April 22nd. Two analysts have rated the stock with a sell rating and six have given a hold rating to the company’s stock. Heartland Express currently has a consensus rating of “Hold” and an average target price of $19.50.
In related news, VP Kent Daryl Rigdon sold 1,538 shares of the business’s stock in a transaction on Friday, March 15th. The shares were sold at an average price of $20.09, for a total value of $30,898.42. Following the completion of the transaction, the vice president now directly owns 1,128 shares in the company, valued at approximately $22,661.52. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 42.80% of the company’s stock.
About Heartland Express
Heartland Express, Inc, together with its subsidiaries, operates as a short-to-medium haul truckload carrier in the United States and Canada. The company primarily provides nationwide asset-based dry van truckload service for shippers from Washington to Florida and New England to California; and temperature-controlled truckload services.
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