Heartland Express, Inc. (NASDAQ:HTLD) Shares Bought by Brandes Investment Partners LP

Brandes Investment Partners LP grew its holdings in Heartland Express, Inc. (NASDAQ:HTLD) by 10.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 24,390 shares of the transportation company’s stock after purchasing an additional 2,399 shares during the period. Brandes Investment Partners LP’s holdings in Heartland Express were worth $274,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also modified their holdings of the company. R Squared Ltd acquired a new position in Heartland Express in the fourth quarter valued at about $75,000. Intech Investment Management LLC purchased a new position in shares of Heartland Express during the 3rd quarter worth approximately $124,000. Ieq Capital LLC purchased a new stake in Heartland Express in the fourth quarter valued at approximately $148,000. Allspring Global Investments Holdings LLC purchased a new position in shares of Heartland Express during the fourth quarter worth $171,000. Finally, Inspire Advisors LLC lifted its stake in Heartland Express by 11.4% during the 4th quarter. Inspire Advisors LLC now owns 17,310 shares of the transportation company’s stock worth $194,000 after acquiring an additional 1,770 shares in the last quarter. 53.45% of the stock is currently owned by hedge funds and other institutional investors.

Heartland Express Stock Performance

NASDAQ HTLD opened at $9.44 on Friday. The company has a market cap of $741.51 million, a P/E ratio of -25.51 and a beta of 0.80. Heartland Express, Inc. has a 1-year low of $9.11 and a 1-year high of $13.67. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.08 and a quick ratio of 1.17. The stock has a 50-day moving average of $10.86 and a two-hundred day moving average of $11.49.

Heartland Express (NASDAQ:HTLD) last announced its earnings results on Tuesday, January 28th. The transportation company reported ($0.02) earnings per share for the quarter, topping the consensus estimate of ($0.04) by $0.02. Heartland Express had a negative net margin of 2.84% and a negative return on equity of 3.57%. As a group, analysts anticipate that Heartland Express, Inc. will post 0.17 EPS for the current year.

Heartland Express Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, April 4th. Investors of record on Tuesday, March 25th will be issued a $0.02 dividend. This represents a $0.08 dividend on an annualized basis and a yield of 0.85%. Heartland Express’s dividend payout ratio (DPR) is presently -21.62%.

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.