Cwm LLC Raises Stake in Heartland Express, Inc. (NASDAQ:HTLD)

Cwm LLC lifted its position in shares of Heartland Express, Inc. (NASDAQ:HTLD) by 85.7% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 5,069 shares of the transportation company’s stock after buying an additional 2,340 shares during the quarter. Cwm LLC’s holdings in Heartland Express were worth $62,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. BNP Paribas Financial Markets lifted its position in Heartland Express by 74.1% during the first quarter. BNP Paribas Financial Markets now owns 23,218 shares of the transportation company’s stock valued at $277,000 after buying an additional 9,884 shares in the last quarter. GSA Capital Partners LLP lifted its position in Heartland Express by 292.4% during the first quarter. GSA Capital Partners LLP now owns 108,999 shares of the transportation company’s stock valued at $1,301,000 after buying an additional 81,220 shares in the last quarter. Lesa Sroufe & Co lifted its position in Heartland Express by 3.1% during the first quarter. Lesa Sroufe & Co now owns 113,694 shares of the transportation company’s stock valued at $1,358,000 after buying an additional 3,467 shares in the last quarter. Empowered Funds LLC lifted its position in Heartland Express by 132.8% during the first quarter. Empowered Funds LLC now owns 225,713 shares of the transportation company’s stock valued at $2,695,000 after buying an additional 128,758 shares in the last quarter. Finally, Concurrent Investment Advisors LLC acquired a new position in Heartland Express during the first quarter valued at approximately $673,000. 53.45% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

HTLD has been the topic of a number of recent research reports. StockNews.com raised shares of Heartland Express from a “sell” rating to a “hold” rating in a research report on Wednesday, July 24th. Barclays boosted their target price on shares of Heartland Express from $10.00 to $11.00 and gave the stock an “underweight” rating in a research report on Thursday, August 1st. JPMorgan Chase & Co. reissued an “underweight” rating and set a $10.00 target price (down from $12.00) on shares of Heartland Express in a research report on Tuesday, July 9th. Finally, UBS Group cut shares of Heartland Express from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $15.00 to $13.00 in a research report on Tuesday, July 9th. Two analysts have rated the stock with a sell rating and three have assigned a hold rating to the company’s stock. According to data from MarketBeat.com, Heartland Express has a consensus rating of “Hold” and an average target price of $12.00.

Heartland Express Stock Up 0.1 %

HTLD stock opened at $11.33 on Monday. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.23 and a quick ratio of 1.23. Heartland Express, Inc. has a 1-year low of $9.63 and a 1-year high of $14.60. The firm has a fifty day moving average price of $11.93 and a two-hundred day moving average price of $11.75. The firm has a market cap of $895.65 million, a price-to-earnings ratio of -66.65 and a beta of 0.69.

Heartland Express Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, October 7th. Shareholders of record on Friday, September 27th were paid a dividend of $0.02 per share. The ex-dividend date was Friday, September 27th. This represents a $0.08 annualized dividend and a yield of 0.71%. Heartland Express’s payout ratio is -47.06%.

Insider Buying and Selling at Heartland Express

In other Heartland Express news, CEO Michael J. Gerdin bought 50,000 shares of the stock in a transaction on Wednesday, September 11th. The stock was purchased at an average price of $11.67 per share, for a total transaction of $583,500.00. Following the completion of the purchase, the chief executive officer now directly owns 1,196,718 shares in the company, valued at approximately $13,965,699.06. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 39.60% of the stock is owned by insiders.

About Heartland Express

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.