BidaskClub upgraded shares of Heartland Express (NASDAQ:HTLD) from a strong sell rating to a sell rating in a research report sent to investors on Tuesday.
A number of other equities research analysts have also issued reports on HTLD. TheStreet raised Heartland Express from a c rating to a b- rating in a research report on Monday, February 12th. JPMorgan Chase dropped their target price on Heartland Express from $24.00 to $22.00 and set an underweight rating on the stock in a research report on Wednesday, February 14th. Seaport Global Securities reissued a neutral rating on shares of Heartland Express in a research report on Tuesday, February 13th. Zacks Investment Research downgraded Heartland Express from a hold rating to a sell rating in a research note on Saturday, February 17th. Finally, Morgan Stanley raised their price target on Heartland Express from $15.00 to $16.00 and gave the company an underweight rating in a research note on Tuesday, February 20th. Six research analysts have rated the stock with a sell rating and five have assigned a hold rating to the stock. The company presently has an average rating of Sell and a consensus target price of $21.13.
Shares of Heartland Express opened at $18.74 on Tuesday, MarketBeat.com reports. Heartland Express has a 52-week low of $17.38 and a 52-week high of $25.22. The company has a market capitalization of $1.53 billion, a P/E ratio of 36.76, a PEG ratio of 1.78 and a beta of 0.67.
Heartland Express (NASDAQ:HTLD) last announced its earnings results on Wednesday, April 25th. The transportation company reported $0.16 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.12 by $0.04. Heartland Express had a return on equity of 7.49% and a net margin of 11.75%. The business had revenue of $156.70 million for the quarter, compared to analyst estimates of $169.55 million. equities analysts expect that Heartland Express will post 0.7 earnings per share for the current year.
Heartland Express declared that its board has authorized a share buyback plan on Friday, May 11th that authorizes the company to repurchase 5,000,000 shares. This repurchase authorization authorizes the transportation company to purchase shares of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.
In related news, Director Tahira K. Hira purchased 36,500 shares of the firm’s stock in a transaction on Thursday, May 17th. The stock was purchased at an average cost of $18.28 per share, for a total transaction of $667,220.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 42.10% of the stock is owned by company insiders.
Hedge funds have recently bought and sold shares of the business. Rhumbline Advisers grew its stake in Heartland Express by 16.5% in the fourth quarter. Rhumbline Advisers now owns 114,793 shares of the transportation company’s stock valued at $2,679,000 after purchasing an additional 16,258 shares in the last quarter. ETRADE Capital Management LLC bought a new position in shares of Heartland Express during the 4th quarter worth approximately $244,000. Teacher Retirement System of Texas bought a new position in shares of Heartland Express during the 4th quarter worth approximately $366,000. Schwab Charles Investment Management Inc. boosted its stake in shares of Heartland Express by 4.3% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 353,511 shares of the transportation company’s stock worth $8,251,000 after acquiring an additional 14,458 shares during the period. Finally, Citadel Advisors LLC boosted its stake in shares of Heartland Express by 27.3% during the 4th quarter. Citadel Advisors LLC now owns 209,840 shares of the transportation company’s stock worth $4,898,000 after acquiring an additional 44,992 shares during the period. Hedge funds and other institutional investors own 61.92% of the company’s stock.
Heartland Express Company Profile
Heartland Express, Inc, through its subsidiaries, operates as a short-to-medium haul truckload carrier in the United States and Canada. The company primarily provides nationwide asset-based dry van truckload service for shippers from Washington to Florida and New England to California; and temperature-controlled transportation services.
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