Principal Financial Group Inc. Sells 14,711 Shares of Heartland Express, Inc. (NASDAQ:HTLD)

Principal Financial Group Inc. decreased its position in shares of Heartland Express, Inc. (NASDAQ:HTLDFree Report) by 5.4% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 256,154 shares of the transportation company’s stock after selling 14,711 shares during the period. Principal Financial Group Inc.’s holdings in Heartland Express were worth $3,763,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently bought and sold shares of the business. Bank of New York Mellon Corp increased its holdings in Heartland Express by 1.7% during the 1st quarter. Bank of New York Mellon Corp now owns 559,970 shares of the transportation company’s stock worth $7,879,000 after purchasing an additional 9,269 shares during the period. Citigroup Inc. lifted its position in shares of Heartland Express by 16.9% in the 1st quarter. Citigroup Inc. now owns 44,708 shares of the transportation company’s stock worth $629,000 after purchasing an additional 6,455 shares during the period. PNC Financial Services Group Inc. boosted its stake in shares of Heartland Express by 26.0% during the first quarter. PNC Financial Services Group Inc. now owns 10,047 shares of the transportation company’s stock valued at $142,000 after purchasing an additional 2,075 shares in the last quarter. MetLife Investment Management LLC increased its holdings in Heartland Express by 54.3% during the first quarter. MetLife Investment Management LLC now owns 25,899 shares of the transportation company’s stock valued at $364,000 after buying an additional 9,110 shares during the period. Finally, Rhumbline Advisers lifted its holdings in Heartland Express by 49.5% during the first quarter. Rhumbline Advisers now owns 202,409 shares of the transportation company’s stock worth $2,848,000 after buying an additional 66,976 shares during the period. Institutional investors own 53.45% of the company’s stock.

Heartland Express Stock Up 0.5 %

Shares of NASDAQ HTLD opened at $12.90 on Thursday. The company has a current ratio of 1.37, a quick ratio of 1.28 and a debt-to-equity ratio of 0.34. The stock has a market capitalization of $1.02 billion, a PE ratio of 71.67 and a beta of 0.63. The stock’s fifty day simple moving average is $13.56 and its two-hundred day simple moving average is $14.23. Heartland Express, Inc. has a 12-month low of $11.44 and a 12-month high of $17.08.

Heartland Express (NASDAQ:HTLDGet Free Report) last announced its earnings results on Wednesday, January 31st. The transportation company reported $0.06 earnings per share for the quarter, beating the consensus estimate of ($0.10) by $0.16. The company had revenue of $275.35 million during the quarter, compared to the consensus estimate of $293.36 million. Heartland Express had a net margin of 1.22% and a return on equity of 1.71%. As a group, analysts expect that Heartland Express, Inc. will post 0.13 EPS for the current fiscal year.

Heartland Express Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 15th. Shareholders of record on Tuesday, December 5th were paid a $0.02 dividend. The ex-dividend date of this dividend was Monday, December 4th. This represents a $0.08 annualized dividend and a yield of 0.62%. Heartland Express’s dividend payout ratio (DPR) is 44.44%.

Insider Buying and Selling at Heartland Express

In related news, CEO Michael J. Gerdin bought 95,602 shares of the stock in a transaction that occurred on Monday, November 20th. The stock was bought at an average cost of $13.08 per share, for a total transaction of $1,250,474.16. Following the purchase, the chief executive officer now directly owns 427,794 shares of the company’s stock, valued at $5,595,545.52. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CEO Michael J. Gerdin bought 64,475 shares of the firm’s stock in a transaction that occurred on Monday, December 11th. The stock was purchased at an average price of $13.98 per share, with a total value of $901,360.50. Following the completion of the acquisition, the chief executive officer now directly owns 452,594 shares of the company’s stock, valued at approximately $6,327,264.12. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Michael J. Gerdin bought 95,602 shares of the firm’s stock in a transaction that occurred on Monday, November 20th. The shares were purchased at an average cost of $13.08 per share, with a total value of $1,250,474.16. Following the acquisition, the chief executive officer now directly owns 427,794 shares of the company’s stock, valued at $5,595,545.52. The disclosure for this purchase can be found here. Insiders bought a total of 297,780 shares of company stock worth $4,030,327 over the last three months. Corporate insiders own 39.60% of the company’s stock.

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. dropped their target price on Heartland Express from $15.00 to $14.00 and set a “neutral” rating on the stock in a research report on Thursday, December 21st. One equities research analyst has rated the stock with a sell rating and three have given a hold rating to the company. Based on data from MarketBeat, Heartland Express has an average rating of “Hold” and a consensus price target of $14.75.

Read Our Latest Research Report on Heartland Express

About Heartland Express

(Free Report)

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.

See Also

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

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