BidaskClub downgraded shares of Heartland Express (NASDAQ:HTLD) from a hold rating to a sell rating in a report released on Thursday.
HTLD has been the topic of a number of other research reports. Zacks Investment Research lowered Heartland Express from a hold rating to a sell rating in a report on Wednesday, November 1st. Robert W. Baird reaffirmed a hold rating and issued a $26.00 target price on shares of Heartland Express in a report on Friday, October 6th. Stifel Nicolaus raised Heartland Express from a hold rating to a buy rating and raised their target price for the company from $22.00 to $28.00 in a report on Friday, September 29th. JPMorgan Chase & Co. raised their target price on Heartland Express from $19.00 to $21.00 and gave the company an underweight rating in a report on Thursday, October 12th. Finally, TheStreet lowered Heartland Express from a b rating to a c rating in a report on Friday, October 27th. Four analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the stock. The company currently has a consensus rating of Hold and a consensus target price of $24.17.
Shares of Heartland Express (HTLD) traded up $0.36 during mid-day trading on Thursday, hitting $23.56. The company had a trading volume of 334,931 shares, compared to its average volume of 349,250. Heartland Express has a 1-year low of $18.71 and a 1-year high of $25.22. The company has a market cap of $1,962.62, a P/E ratio of 39.27, a price-to-earnings-growth ratio of 2.08 and a beta of 0.55.
Heartland Express (NASDAQ:HTLD) last issued its quarterly earnings data on Friday, October 27th. The transportation company reported $0.09 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.17 by ($0.08). The company had revenue of $182.10 million during the quarter, compared to the consensus estimate of $205.81 million. Heartland Express had a net margin of 8.54% and a return on equity of 9.50%. The firm’s revenue was up 22.0% on a year-over-year basis. During the same period in the previous year, the business posted $0.15 earnings per share. sell-side analysts predict that Heartland Express will post 0.55 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, December 22nd. Stockholders of record on Tuesday, December 12th were issued a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a dividend yield of 0.34%. The ex-dividend date of this dividend was Monday, December 11th. Heartland Express’s payout ratio is presently 13.33%.
Several large investors have recently made changes to their positions in HTLD. Janus Henderson Group PLC acquired a new stake in shares of Heartland Express during the 2nd quarter worth approximately $41,847,000. UBS Oconnor LLC acquired a new stake in shares of Heartland Express during the 2nd quarter worth approximately $10,930,000. Gilder Gagnon Howe & Co. LLC acquired a new stake in shares of Heartland Express during the 3rd quarter worth approximately $9,097,000. Citadel Advisors LLC grew its holdings in shares of Heartland Express by 341.8% during the 2nd quarter. Citadel Advisors LLC now owns 225,992 shares of the transportation company’s stock worth $4,705,000 after purchasing an additional 174,842 shares in the last quarter. Finally, Goldman Sachs Group Inc. grew its holdings in shares of Heartland Express by 47.7% during the 2nd quarter. Goldman Sachs Group Inc. now owns 395,467 shares of the transportation company’s stock worth $8,233,000 after purchasing an additional 127,657 shares in the last quarter. 59.28% of the stock is currently owned by institutional investors.
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Heartland Express Company Profile
Heartland Express, Inc is a holding company. The Company is a short-to-medium haul truckload carrier. The Company focuses primarily on short- to medium-haul, asset-based dry van truckload services in regional markets near its terminals. The Company’s truckload services are primarily asset-based transportation services in the dry van truckload market, and it also offers truckload temperature-controlled transportation services and non-asset based brokerage services.
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