Heartland Express (NASDAQ:HTLD) had its target price lowered by Morgan Stanley from $16.00 to $15.00 in a research note issued to investors on Friday morning. The brokerage currently has an underweight rating on the transportation company’s stock.
HTLD has been the topic of several other research reports. Zacks Investment Research lowered Heartland Express from a hold rating to a sell rating in a research note on Friday, December 22nd. BidaskClub lowered Heartland Express from a sell rating to a strong sell rating in a research note on Friday, March 30th. Seaport Global Securities reissued a neutral rating on shares of Heartland Express in a research note on Tuesday, February 13th. Stephens reissued a hold rating and issued a $19.00 target price on shares of Heartland Express in a research note on Wednesday, March 28th. Finally, ValuEngine lowered Heartland Express from a hold rating to a sell rating in a research note on Wednesday, March 7th. Six research analysts have rated the stock with a sell rating and five have issued a hold rating to the company. Heartland Express presently has a consensus rating of Sell and a consensus target price of $21.13.
NASDAQ:HTLD opened at $17.79 on Friday. Heartland Express has a 1-year low of $17.51 and a 1-year high of $25.22. The stock has a market capitalization of $1,482.12, a price-to-earnings ratio of 34.88, a P/E/G ratio of 1.68 and a beta of 0.67.
Heartland Express (NASDAQ:HTLD) last released its earnings results on Monday, February 12th. The transportation company reported $0.07 earnings per share for the quarter, missing the consensus estimate of $0.11 by ($0.04). Heartland Express had a net margin of 12.38% and a return on equity of 7.84%. The company had revenue of $165.00 million during the quarter, compared to analyst estimates of $190.22 million. During the same period in the previous year, the company posted $0.16 EPS. The company’s quarterly revenue was up 17.9% compared to the same quarter last year. equities research analysts expect that Heartland Express will post 0.7 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Monday, April 2nd. Stockholders of record on Friday, March 23rd were given a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.45%. The ex-dividend date of this dividend was Thursday, March 22nd. Heartland Express’s dividend payout ratio is currently 15.69%.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. MetLife Investment Advisors LLC acquired a new stake in shares of Heartland Express during the fourth quarter worth about $523,000. Two Sigma Advisers LP raised its position in shares of Heartland Express by 4.4% during the fourth quarter. Two Sigma Advisers LP now owns 136,506 shares of the transportation company’s stock worth $3,186,000 after purchasing an additional 5,800 shares during the period. Stone Ridge Asset Management LLC acquired a new stake in shares of Heartland Express during the fourth quarter worth about $635,000. Guggenheim Capital LLC raised its position in shares of Heartland Express by 26.2% during the fourth quarter. Guggenheim Capital LLC now owns 26,942 shares of the transportation company’s stock worth $629,000 after purchasing an additional 5,593 shares during the period. Finally, Deutsche Bank AG raised its position in shares of Heartland Express by 30.2% during the fourth quarter. Deutsche Bank AG now owns 187,408 shares of the transportation company’s stock worth $4,372,000 after purchasing an additional 43,445 shares during the period. 61.56% 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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