American Century Discloses 4.97M Shares in Heartland Express
Ticker: HTLD · Form: SC 13G/A · Filed: Feb 12, 2024 · CIK: 799233
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, trucking, 13G/A
TL;DR
**American Century holds 4.97M shares of Heartland Express, watch for future changes.**
AI Summary
American Century Investment Management Inc. (through its entity American Century Capital Portfolios, Inc.) filed an amended SC 13G/A on February 12, 2024, disclosing its ownership of 4,977,822 shares of Heartland Express, Inc. common stock as of December 31, 2023. This represents a significant institutional holding in the trucking company. This matters to investors because large institutional holdings can indicate confidence in the company's future, but any future changes in their position could impact stock price.
Why It Matters
This filing shows a major institutional investor's stake in Heartland Express, signaling their current conviction in the company, which can influence other investors' perceptions.
Risk Assessment
Risk Level: low — This is a routine disclosure of an institutional holding and does not inherently signal immediate risk, but rather transparency.
Analyst Insight
Investors should note this significant institutional holding as a data point for Heartland Express. While not an immediate buy/sell signal, it's worth monitoring future 13G/A filings from American Century for any changes in their position, which could indicate a shift in their outlook on the company.
Key Numbers
- 4,977,822 — Shares Beneficially Owned (This is the total number of Heartland Express shares American Century Capital Portfolios, Inc. reported holding.)
- December 31, 2023 — Date of Event (This is the snapshot date for the reported share ownership.)
- February 12, 2024 — Filing Date (This is when the amended Schedule 13G/A was filed with the SEC.)
Key Players & Entities
- American Century Investment Management Inc. (company) — the filing entity
- Heartland Express, Inc. (company) — the subject company
- American Century Capital Portfolios, Inc. (company) — the specific reporting person
- Maryland (company) — place of organization for American Century Capital Portfolios, Inc.
Forward-Looking Statements
- American Century Investment Management Inc. will maintain a significant stake in Heartland Express, Inc. for the foreseeable future. (American Century Investment Management Inc.) — medium confidence, target: December 31, 2024
FAQ
What is the purpose of this SC 13G/A filing?
This SC 13G/A filing is an amendment (Amendment No. 10) to a Schedule 13G, indicating that American Century Capital Portfolios, Inc. is updating its previously disclosed beneficial ownership of Heartland Express, Inc. common stock as of December 31, 2023, under Rule 13d-1(b).
Which entity is reporting its ownership in Heartland Express, Inc.?
American Century Capital Portfolios, Inc., an entity organized in Maryland, is the specific reporting person disclosing its beneficial ownership of Heartland Express, Inc. common stock.
How many shares of Heartland Express, Inc. common stock does the reporting entity beneficially own?
As of December 31, 2023, American Century Capital Portfolios, Inc. beneficially owns 4,977,822 shares of Heartland Express, Inc. common stock, with sole voting power over all these shares.
What is the CUSIP number for Heartland Express, Inc. common stock?
The CUSIP number for Heartland Express, Inc. common stock, as stated in the filing, is 422347104.
When was the event date that required this filing?
The date of the event which required the filing of this statement was December 31, 2023, reflecting the ownership position at the end of the last fiscal year.
Filing Stats: 1,487 words · 6 min read · ~5 pages · Grade level 8.5 · Accepted 2024-02-12 11:21:33
Filing Documents
- heartlandexpress13g-a10.htm (SC 13G/A) — 97KB
- image_10.jpg (GRAPHIC) — 0KB
- 0000052388-24-000069.txt ( ) — 99KB
If this statement is filed pursuant to 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a
Item 3. If this statement is filed pursuant to 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a 1) American Century Capital Portfolios, Inc. is an investment company registered under Section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8). 2) American Century Investment Management, Inc. is an investment adviser in accordance with 240.13d-1(b)(1)(ii)(E). 3) American Century Companies, Inc. is a parent holding company or control person in accordance with 240.13d-1(b)(1)(ii)(G). 4) Stowers Institute for Medical Research is a parent holding company or control person in accordance with 240.13d-1(b)(1)(ii)(G).
Ownership
Item 4. Ownership. Reference is made to Items 5-9 and 11 on the cover page of this filing.
Ownership of Five Percent or Less of a Class
Item 5. Ownership of Five Percent or Less of a Class. If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following
Ownership of More than Five Percent on Behalf of Another Person
Item 6. Ownership of More than Five Percent on Behalf of Another Person. Various persons, including the investment companies and separate institutional investor accounts that American Century Investment Management, Inc. ("ACIM") serves as investment adviser, have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the securities that are the subject of this schedule. Except as may be otherwise indicated if this is a joint filing, not more than 5% of the class of securities that is the subject of this schedule is owned by any one client advised by ACIM. Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company or Control Person. See attached Exhibit A.
Identification and Classification of Members of the Group
Item 8. Identification and Classification of Members of the Group. Not applicable.
Notice of Dissolution of Group
Item 9. Notice of Dissolution of Group Not applicable Page 7 of 9 Pages
Certification
Item 10. Certification By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect. SIGNATURE After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Dated this 9th day of February, 2024. AMERICAN CENTURY CAPITAL PORTFOLIOS, INC. ("ACCP") AMERICAN CENTURY INVESTMENT MANAGEMENT, INC. ("ACIM") AMERICAN CENTURY COMPANIES, INC. ("ACC") By __ s John Pak __________________________ John Pak Senior Vice President, ACCP, ACIM and ACC STOWERS INSTITUTE FOR MEDICAL RESEARCH, solely in its capacity as control entity of ACC By __ s Richard W. Brown ____________________ Richard W. Brown Chairman SCHEDULE 13G – To be included in statements filed pursuant to Rule 13d-1(b) or 13d-2(b). EXHIBIT A This Exhibit has been prepared to identify each subsidiary of American Century Companies, Inc. ("ACC"), which is controlled by the Stowers Institute for Medical Research, that is a beneficial owner of securities that are the subject of this schedule (the "Subject Securities"). American Century Investment Management, Inc. ("ACIM") is a wholly-owned subsidiary of ACC and an investment adviser registered under 203 of the Investment Advisers Act of 1940. SCHEDULE 13G – To be included in statements filed pursuant to Rule 13d-1(b) or 13d-2(b) and Rule 13d-1(f) (1) Agreement. Page 8 of 9 Pages EXHIBIT B Each of the undersigned hereby agrees and consents to the execution and joint filing on its behalf by American Century Investment Management, Inc. of this Schedule 13G respecting the benefi