Heartland Express Inc. (HTLD) Given Consensus Recommendation of “Hold” by Brokerages
Shares of Heartland Express Inc. (NASDAQ:HTLD) have been assigned an average recommendation of “Hold” from the twenty-one ratings firms that are covering the company. Six analysts have rated the stock with a sell recommendation, eleven have assigned a hold recommendation and three have issued a buy recommendation on the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $16.71.
Several brokerages recently commented on HTLD. Zacks Investment Research downgraded Heartland Express from a “hold” rating to a “sell” rating in a research note on Tuesday, October 11th. Barclays PLC raised their price objective on Heartland Express from $16.00 to $17.00 and gave the stock an “underweight” rating in a research note on Monday, September 12th. Wolfe Research reaffirmed a “market perform” rating and set a $13.00 price objective (down previously from $15.00) on shares of Heartland Express in a research note on Friday, August 26th. MKM Partners reaffirmed a “neutral” rating and set a $13.00 price objective (down previously from $15.00) on shares of Heartland Express in a research note on Friday, August 26th. Finally, FBR & Co reaffirmed a “market perform” rating and set a $13.00 price objective (down previously from $18.00) on shares of Heartland Express in a research note on Friday, August 26th.
In other news, EVP John P. Cosaert sold 4,000 shares of the firm’s stock in a transaction dated Wednesday, August 24th. The stock was sold at an average price of $19.85, for a total value of $79,400.00. Following the completion of the transaction, the executive vice president now owns 64,814 shares in the company, valued at approximately $1,286,557.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 45.30% of the stock is owned by insiders.
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Several institutional investors have recently made changes to their positions in the stock. Invictus RG bought a new position in shares of Heartland Express during the first quarter valued at $116,000. Teacher Retirement System of Texas boosted its position in Heartland Express by 1.7% in the second quarter. Teacher Retirement System of Texas now owns 6,409 shares of the company’s stock worth $111,000 after buying an additional 109 shares during the last quarter. PineBridge Investments L.P. boosted its position in Heartland Express by 5.5% in the second quarter. PineBridge Investments L.P. now owns 7,494 shares of the company’s stock worth $131,000 after buying an additional 390 shares during the last quarter. GSA Capital Partners LLP acquired a new position in Heartland Express during the second quarter worth approximately $184,000. Finally, Mason Street Advisors LLC acquired a new position in Heartland Express during the second quarter worth approximately $201,000. Institutional investors own 61.06% of the company’s stock.
Heartland Express (NASDAQ:HTLD) traded up 1.357% during mid-day trading on Tuesday, hitting $18.295. The stock had a trading volume of 178,034 shares. Heartland Express has a 52 week low of $15.36 and a 52 week high of $21.95. The company has a market capitalization of $1.52 billion, a P/E ratio of 24.756 and a beta of 0.25. The stock’s 50-day moving average is $18.89 and its 200 day moving average is $18.30.
Heartland Express (NASDAQ:HTLD) last issued its quarterly earnings data on Thursday, July 28th. The company reported $0.20 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.20. The business had revenue of $160.80 million for the quarter, compared to the consensus estimate of $167.94 million. Heartland Express had a return on equity of 13.14% and a net margin of 9.24%. The firm’s revenue was down 16.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.27 EPS. Equities analysts forecast that Heartland Express will post $0.71 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, October 3rd. Stockholders of record on Friday, September 23rd were issued a $0.02 dividend. This represents a $0.08 annualized dividend and a dividend yield of 0.44%. The ex-dividend date of this dividend was Wednesday, September 21st. Heartland Express’s payout ratio is 10.81%.
Heartland Express Company Profile
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.
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