The Manufacturers Life Insurance Company Has $222,000 Stock Position in Heartland Express, Inc. (NASDAQ:HTLD)

The Manufacturers Life Insurance Company lessened its position in Heartland Express, Inc. (NASDAQ:HTLD) by 31.5% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 18,059 shares of the transportation company’s stock after selling 8,303 shares during the period. The Manufacturers Life Insurance Company’s holdings in Heartland Express were worth $222,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of HTLD. Nisa Investment Advisors LLC grew its holdings in shares of Heartland Express by 64.6% during the second quarter. Nisa Investment Advisors LLC now owns 2,565 shares of the transportation company’s stock worth $32,000 after purchasing an additional 1,007 shares during the last quarter. CWM LLC raised its holdings in shares of Heartland Express by 266.3% in the second quarter. CWM LLC now owns 2,729 shares of the transportation company’s stock valued at $34,000 after buying an additional 1,984 shares during the last quarter. Intech Investment Management LLC acquired a new position in Heartland Express during the 3rd quarter worth about $124,000. Hsbc Holdings PLC bought a new stake in Heartland Express during the 2nd quarter worth about $166,000. Finally, Inspire Advisors LLC raised its position in Heartland Express by 11.8% in the 2nd quarter. Inspire Advisors LLC now owns 16,447 shares of the transportation company’s stock worth $203,000 after purchasing an additional 1,732 shares during the last quarter. Institutional investors and hedge funds own 53.45% of the company’s stock.

Analyst Ratings Changes

Several research firms recently issued reports on HTLD. Barclays raised their price target on Heartland Express from $10.00 to $11.00 and gave the company an “underweight” rating in a report on Wednesday, November 13th. UBS Group reduced their target price on Heartland Express from $13.00 to $12.00 and set a “neutral” rating on the stock in a report on Wednesday, October 30th. Two research analysts have rated the stock with a sell rating and three have given a hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $11.75.

Heartland Express Stock Performance

HTLD stock opened at $11.76 on Tuesday. Heartland Express, Inc. has a 1-year low of $9.63 and a 1-year high of $14.60. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.24. The firm has a market cap of $923.12 million, a PE ratio of -40.55 and a beta of 0.75. The business’s 50-day moving average price is $11.88 and its two-hundred day moving average price is $12.03.

Heartland Express (NASDAQ:HTLD) last issued its quarterly earnings data on Tuesday, October 29th. The transportation company reported ($0.12) EPS for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.11). The company had revenue of $259.86 million for the quarter, compared to analyst estimates of $268.35 million. Heartland Express had a negative return on equity of 2.70% and a negative net margin of 2.11%. The company’s revenue was down 11.9% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.14) earnings per share. As a group, research analysts forecast that Heartland Express, Inc. will post -0.38 earnings per share for the current year.

Insider Buying and Selling at Heartland Express

In related news, major shareholder Ann S. Gerdin Revocable Trust acquired 49,506 shares of the company’s stock in a transaction dated Monday, November 18th. The shares were bought at an average price of $12.24 per share, for a total transaction of $605,953.44. Following the purchase, the insider now directly owns 898,584 shares in the company, valued at approximately $10,998,668.16. This trade represents a 5.83 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Michael J. Gerdin purchased 5,210 shares of the company’s stock in a transaction on Wednesday, November 6th. The shares were purchased at an average cost of $11.49 per share, for a total transaction of $59,862.90. Following the completion of the transaction, the chief executive officer now directly owns 1,265,002 shares of the company’s stock, valued at approximately $14,534,872.98. This represents a 0.41 % increase in their position. The disclosure for this purchase can be found here. Insiders have bought 153,750 shares of company stock valued at $1,786,918 in the last 90 days. 39.60% of the stock is currently owned by company 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.