Heartland Express, Inc. (NASDAQ:HTLD) Shares Sold by Thrivent Financial for Lutherans

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.

Heartland Express (NASDAQ:HTLD) last posted its earnings results on Thursday, April 18th. The transportation company reported $0.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.02. Heartland Express had a net margin of 12.91% and a return on equity of 12.64%. The firm had revenue of $139.54 million during the quarter, compared to analysts’ expectations of $147.43 million. During the same period in the previous year, the business posted $0.16 EPS. The business’s revenue was down 11.0% compared to the same quarter last year. Analysts forecast that Heartland Express, Inc. will post 0.96 earnings per share for the current fiscal year.

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.

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

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