The New Gerdin Michael J Holding in Heartland Express Inc
Gerdin Michael J filed with the SEC SC 13D/A form for Heartland Express Inc. The form can be accessed here: 000121239316000030. As reported in Gerdin Michael J’s form, the filler as of late owns 41.6% or 34,638,496 shares of the Transports–company.
Heartland Express Inc stake is a new one for the and it was filed because of activity on October 6, 2016. We feel this shows Gerdin Michael J’s positive view for the stock.
Reasons Why Gerdin Michael J Bought – Heartland Express Inc Stock
Item 4.Purpose of Transaction
The transactions described in Item 3, were made by Ann S. Gerdin for estate planning purposes. Mr. Gerdin may from time to time use his personal funds to purchase Common Stock for investment purposes. Mr. Gerdin has not made any such purchases to date. If any such purchases are made, Mr. Gerdin may cease buying the Common Stock at any time. Mr. Gerdin may purchase Common Stock in the open market or in privately negotiated transactions, or otherwise. Mr. Gerdin intends to participate in and influence the affairs of the Issuer through the exercise of his voting rights with respect to the shares of Common Stock for which he has voting power as trustee. In addition, Mr. Gerdin is the Chief Executive Officer, President, and a Director of the Issuer and, as a result, in the ordinary course or otherwise may take actions to influence the management, business, and affairs of the Issuer.
Other than as described or contemplated in this Statement, or as announced publicly, Mr. Gerdin does not have any other present plans or proposals with respect to any action referred to in sections (a)through (j) of Item 4 of Schedule 13D.
Heartland Express Inc Institutional Sentiment
Latest Security and Exchange filings show 132 investors own Heartland Express Inc. The institutional ownership in Q3 2015 is high, at 68.55% of the outstanding shares. This is increased by 9327592 the total institutional shares. 57096089 were the shares owned by these institutional investors. In total 6 funds opened new Heartland Express Inc stakes, 58 increased stakes. There were 23 that closed positions and 48 reduced them.
2 managers had the stock in their top Ten. Notable investors are: Shayne & Co. Llc..
Tom Henwood Omt Capital Management Llc is an institutional investor bullish on Heartland Express Inc, owning 93980 shares as of Q3 2015 for 2.29% of its portfolio. Investment Counselors Of Maryland Llc owns 931070 shares or 1.08% of its portfolio. NY Sib Llc have 4.18% of their stock portfolio for 257297 shares. Further, Arrowpoint Asset Management Llc reported stake worth 1.55% of its US stock portfolio. The TN Shayne & Co owns 477727 shares. Heartland Express Inc is 8.16% of the manager’s US portfolio.
Heartland Express, Inc. (Heartland) is a holding company. The Company owns all of the stock of Heartland Express Inc. of Iowa, Gordon Trucking, Inc., Heartland Express Services, Inc., Heartland Express Maintenance Services, Inc. and A & M Express, Inc. It provides transportation services to shippers spanning from Washington to Florida and New England to California, as well as parts of Canada. It offers primarily asset-based transportation services in the dry van truckload market and offers temperature-controlled transportation services and non-asset based freight brokerage services. The Company, together with its subsidiaries, is a short-to-medium haul truckload carrier. The Company operates over 20 terminal facilities throughout the United States. Its tractors are equipped with mobile communication systems, which enable communication with drivers regarding freight and safety, and provide the ability to manage the needs of its customers based on real-time information on load status.
SEC Form 13D is filed within 10 days, by anyone who acquires beneficial ownership of 5%+ of any public firm. Activist investors and practices such as: company breakups, hostile takeovers, and change of control events, are permitted for this form filers. A filer must promptly update its 13D filing in case of acquisition or disposition of 1% or more of the securities that are the subject of the filing.
Insitutional Activity: The institutional sentiment decreased to 0.95 in Q2 2016. Its down 0.30, from 1.25 in 2016Q1. The ratio turned negative, as 11 funds sold all Heartland Express, Inc. shares owned while 50 reduced positions. 14 funds bought stakes while 44 increased positions. They now own 46.49 million shares or 4.89% less from 48.88 million shares in 2016Q1.
Legal And General Grp Incorporated Public Lc owns 11,985 shares or 0% of their US portfolio. Nationwide Fund Advsrs has 0.03% invested in the company for 404,051 shares. Fmr Lc accumulated 1.47 million shares or 0% of the stock. Gotham Asset Mgmt Lc holds 172,067 shares or 0.04% of its portfolio. Financial Bank Of America Corporation De accumulated 257,399 shares or 0% of the stock. Thomson Horstmann And Bryant has 27,360 shares for 0.06% of their US portfolio. Royal Bank & Trust Of Canada owns 53,088 shares or 0% of their US portfolio. Goldman Sachs Group Inc Inc last reported 90,139 shares in the company. Moreover, Pinebridge Invs L P has 0.01% invested in Heartland Express, Inc. (NASDAQ:HTLD) for 7,494 shares. Sib Limited Liability Com has 257,297 shares for 3.82% of their US portfolio. Macquarie Gp Limited last reported 160 shares in the company. Moreover, Guggenheim Ltd Co has 0% invested in Heartland Express, Inc. (NASDAQ:HTLD) for 13,226 shares. State Of Tennessee Treasury Department has 49,087 shares for 0% of their US portfolio. The Florida-based Raymond James And Assocs has invested 0.01% in Heartland Express, Inc. (NASDAQ:HTLD). Moreover, Walleye Trading Ltd Com has 0% invested in Heartland Express, Inc. (NASDAQ:HTLD) for 14,432 shares.
Insider Transactions: Since June 14, 2016, the stock had 0 buys, and 2 sales for $1.78 million net activity. Another trade for 95,934 shares valued at $1.70M was sold by Gordon Larry J.. 4,000 shares with value of $79,394 were sold by COSAERT JOHN P on Wednesday, August 24.
Analysts await Heartland Express, Inc. (NASDAQ:HTLD) to report earnings on October, 25. They expect $0.16 earnings per share, down 5.88% or $0.01 from last year’s $0.17 per share. HTLD’s profit will be $13.39M for 29.50 P/E if the $0.16 EPS becomes a reality. After $0.20 actual earnings per share reported by Heartland Express, Inc. for the previous quarter, Wall Street now forecasts -20.00% negative EPS growth.
The stock closed at $18.88 during the last session. It is down 3.85% since March 8, 2016 and is uptrending. It has underperformed by 5.47% the S&P500.
Heartland Express, Inc. is a holding company. The company has a market cap of $1.58 billion. The Firm owns all of the stock of Heartland Express Inc. of Iowa, Gordon Trucking, Inc., Heartland Express Services, Inc., Heartland Express Maintenance Services, Inc. and A & M Express, Inc. It has a 25.46 P/E ratio. It provides transportation services to shippers spanning from Washington to Florida and New England to California, as well as parts of Canada.
Heartland Express, Inc. (NASDAQ:HTLD) Ratings Coverage
Out of 8 analysts covering Heartland Express (NASDAQ:HTLD), 1 rate it a “Buy”, 4 “Sell”, while 3 “Hold”. This means 13% are positive. $24 is the highest target while $15 is the lowest. The $18.57 average target is -1.64% below today’s ($18.88) stock price. Heartland Express has been the topic of 14 analyst reports since July 30, 2015 according to StockzIntelligence Inc. The stock of Heartland Express, Inc. (NASDAQ:HTLD) earned “Neutral” rating by Macquarie Research on Wednesday, October 28. As per Monday, October 5, the company rating was maintained by Barclays Capital. The rating was downgraded by RBC Capital Markets to “Underperform” on Thursday, January 7. The firm has “Underweight” rating by Barclays Capital given on Tuesday, January 12. The company was downgraded on Friday, December 4 by Longbow. KeyBanc Capital Markets downgraded the stock to “Sector Weight” rating in Thursday, April 7 report. Wolfe Research downgraded Heartland Express, Inc. (NASDAQ:HTLD) on Wednesday, October 28 to “Underperform” rating. The company was maintained on Wednesday, April 6 by Barclays Capital. The firm has “Underperform” rating given on Monday, May 9 by Wells Fargo.
Another recent and important Heartland Express, Inc. (NASDAQ:HTLD) news was published by Globenewswire.com which published an article titled: “Heartland Express Inc. Earns Carrier of the Year and Platinum Award for On …” on July 15, 2016.
According to Zacks Investment Research, “Heartland Express, Inc. is a short-to-medium haul truckload carrier based near Iowa City, Iowa. The Company provides nationwide transportation service to major shippers, using late-model tractors and a uniform fleet of 53-foot aluminum plate dry vans.”
HTLD Company Profile
Heartland Express, Inc. (Heartland), incorporated on August 8, 1986, is a holding company. The Firm owns all of the stock of Heartland Express Inc. of Iowa, Gordon Trucking, Inc. (GTI), Heartland Express Services, Inc., Heartland Express Maintenance Services, Inc. and A & M Express, Inc. The Firm provides nationwide transportation services to shippers spanning from Washington to Florida and New England to California, as well as parts of Canada. It offers primarily asset transportation services in the dry van truckload market and offers temperature-controlled transportation services and non-asset based freight brokerage services.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.