Heartland Express, Inc. (NASDAQ:HTLD) Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp lowered its stake in shares of Heartland Express, Inc. (NASDAQ:HTLD) by 24.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 887,186 shares of the transportation company’s stock after selling 293,772 shares during the period. Bank of New York Mellon Corp owned 1.13% of Heartland Express worth $9,954,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in HTLD. Weiss Asset Management LP acquired a new stake in Heartland Express in the 3rd quarter worth about $6,634,000. Empowered Funds LLC boosted its stake in Heartland Express by 35.2% in the 4th quarter. Empowered Funds LLC now owns 346,271 shares of the transportation company’s stock worth $3,885,000 after buying an additional 90,100 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in Heartland Express by 159.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 127,153 shares of the transportation company’s stock worth $1,561,000 after buying an additional 78,237 shares during the last quarter. Jane Street Group LLC boosted its stake in Heartland Express by 175.5% in the 3rd quarter. Jane Street Group LLC now owns 104,085 shares of the transportation company’s stock worth $1,278,000 after buying an additional 66,311 shares during the last quarter. Finally, Barclays PLC boosted its stake in Heartland Express by 326.4% in the 3rd quarter. Barclays PLC now owns 83,848 shares of the transportation company’s stock worth $1,029,000 after buying an additional 64,185 shares during the last quarter. 53.45% of the stock is owned by institutional investors and hedge funds.

Heartland Express Stock Up 2.6 %

Shares of NASDAQ:HTLD opened at $9.44 on Friday. The stock’s 50-day moving average price is $10.90 and its two-hundred day moving average price is $11.52. The company has a current ratio of 1.08, a quick ratio of 1.17 and a debt-to-equity ratio of 0.23. Heartland Express, Inc. has a 12-month low of $9.11 and a 12-month high of $13.67. The firm has a market cap of $741.51 million, a price-to-earnings ratio of -25.51 and a beta of 0.80.

Heartland Express (NASDAQ:HTLD) last released its quarterly earnings data on Tuesday, January 28th. The transportation company reported ($0.02) earnings per share for the quarter, beating the consensus estimate of ($0.04) by $0.02. Heartland Express had a negative return on equity of 3.57% and a negative net margin of 2.84%. On average, research analysts forecast that Heartland Express, Inc. will post 0.17 EPS for the current year.

Heartland Express Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 4th. Stockholders of record on Tuesday, March 25th will be paid a $0.02 dividend. This represents a $0.08 annualized dividend and a dividend yield of 0.85%. Heartland Express’s dividend payout ratio is currently -21.62%.

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.