Heartland Express, Inc. (HTLD) Lifted to “B” at TheStreet

Heartland Express, Inc. (NASDAQ:HTLD) was upgraded by equities research analysts at TheStreet from a “c+” rating to a “b” rating in a report released on Thursday.

Other equities research analysts have also recently issued reports about the stock. Zacks Investment Research raised shares of Heartland Express from a “hold” rating to a “buy” rating and set a $23.00 price objective for the company in a research report on Monday, June 26th. BidaskClub raised shares of Heartland Express from a “hold” rating to a “buy” rating in a research report on Wednesday, June 14th. Stifel Nicolaus reaffirmed a “hold” rating and set a $23.00 price objective (up from $19.00) on shares of Heartland Express in a research report on Monday, July 10th. UBS AG raised shares of Heartland Express from a “sell” rating to a “neutral” rating and lifted their price objective for the stock from $20.00 to $22.00 in a research report on Monday, July 10th. Finally, Morgan Stanley reissued an “underweight” rating on shares of Heartland Express in a research report on Tuesday, July 11th. Two investment analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company. Heartland Express has an average rating of “Hold” and a consensus price target of $20.80.

Heartland Express (NASDAQ:HTLD) traded down 1.79% during mid-day trading on Thursday, hitting $22.46. The company’s stock had a trading volume of 163,214 shares. The company has a market cap of $1.87 billion, a P/E ratio of 34.55 and a beta of 0.53. Heartland Express has a 12-month low of $17.06 and a 12-month high of $22.98. The firm’s 50-day moving average is $21.37 and its 200-day moving average is $20.51.

Heartland Express (NASDAQ:HTLD) last released its quarterly earnings data on Wednesday, August 2nd. The transportation company reported $0.18 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.19 by $0.01. The firm had revenue of $129.62 million for the quarter, compared to analysts’ expectations of $139.89 million. Heartland Express had a return on equity of 10.60% and a net margin of 9.89%. Heartland Express’s revenue for the quarter was down 19.4% on a year-over-year basis. During the same period last year, the firm posted $0.20 earnings per share. Analysts predict that Heartland Express will post $0.70 EPS for the current fiscal year.

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A number of hedge funds and other institutional investors have recently bought and sold shares of HTLD. Pinebridge Investments L.P. increased its stake in Heartland Express by 1.0% in the second quarter. Pinebridge Investments L.P. now owns 5,707 shares of the transportation company’s stock valued at $119,000 after purchasing an additional 58 shares during the period. Victory Capital Management Inc. increased its stake in Heartland Express by 52.7% in the first quarter. Victory Capital Management Inc. now owns 8,505 shares of the transportation company’s stock valued at $171,000 after purchasing an additional 2,935 shares during the period. State of Alaska Department of Revenue increased its stake in Heartland Express by 78.8% in the second quarter. State of Alaska Department of Revenue now owns 8,546 shares of the transportation company’s stock valued at $177,000 after purchasing an additional 3,766 shares during the period. Municipal Employees Retirement System of Michigan increased its stake in Heartland Express by 1.6% in the first quarter. Municipal Employees Retirement System of Michigan now owns 9,890 shares of the transportation company’s stock valued at $198,000 after purchasing an additional 160 shares during the period. Finally, Mason Street Advisors LLC increased its stake in Heartland Express by 7.0% in the first quarter. Mason Street Advisors LLC now owns 10,128 shares of the transportation company’s stock valued at $203,000 after purchasing an additional 664 shares during the period. Institutional investors own 60.91% of the company’s stock.

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.

Analyst Recommendations for Heartland Express (NASDAQ:HTLD)

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