Heartland Express (HTLD) Upgraded by ValuEngine to Hold

ValuEngine upgraded shares of Heartland Express (NASDAQ:HTLD) from a sell rating to a hold rating in a report published on Thursday morning.

Several other brokerages have also recently commented on HTLD. Morgan Stanley increased their price target on shares of Heartland Express from $14.00 to $15.00 and gave the stock an underweight rating in a research report on Monday, July 23rd. BidaskClub cut shares of Heartland Express from a sell rating to a strong sell rating in a research report on Thursday, October 4th. Deutsche Bank reduced their price target on shares of Heartland Express from $19.00 to $18.00 and set a hold rating on the stock in a research report on Thursday, September 27th. Zacks Investment Research raised shares of Heartland Express from a hold rating to a buy rating and set a $23.00 price target on the stock in a research report on Wednesday, August 22nd. Finally, Robert W. Baird reaffirmed a hold rating and set a $20.00 price target on shares of Heartland Express in a research report on Friday, July 20th. Four equities research analysts have rated the stock with a sell rating and eight have given a hold rating to the company’s stock. Heartland Express presently has an average rating of Hold and an average target price of $19.89.

Shares of HTLD stock traded down $0.35 during trading hours on Thursday, hitting $19.39. 33,689 shares of the company were exchanged, compared to its average volume of 400,237. Heartland Express has a one year low of $17.38 and a one year high of $24.09. The stock has a market capitalization of $1.51 billion, a price-to-earnings ratio of 38.71, a PEG ratio of 1.52 and a beta of 0.63.

Heartland Express (NASDAQ:HTLD) last issued its quarterly earnings results on Wednesday, October 17th. The transportation company reported $0.23 EPS for the quarter, topping the consensus estimate of $0.21 by $0.02. Heartland Express had a net margin of 14.11% and a return on equity of 9.66%. The business had revenue of $151.30 million for the quarter, compared to analysts’ expectations of $162.80 million. During the same quarter last year, the company posted $0.10 earnings per share. The company’s quarterly revenue was down 16.9% compared to the same quarter last year. On average, equities research analysts expect that Heartland Express will post 0.81 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Monday, October 1st. Shareholders of record on Friday, September 21st were issued a $0.02 dividend. The ex-dividend date was Thursday, September 20th. This represents a $0.08 dividend on an annualized basis and a yield of 0.41%. Heartland Express’s dividend payout ratio is currently 15.69%.

In other Heartland Express news, Director Michael John Sullivan bought 1,500 shares of the business’s stock in a transaction on Tuesday, July 31st. The shares were purchased at an average price of $19.55 per share, with a total value of $29,325.00. Following the completion of the acquisition, the director now directly owns 5,402 shares of the company’s stock, valued at approximately $105,609.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Larry J. Gordon sold 4,390 shares of the firm’s stock in a transaction dated Friday, September 14th. The stock was sold at an average price of $21.03, for a total transaction of $92,321.70. Following the completion of the transaction, the director now directly owns 348,103 shares in the company, valued at approximately $7,320,606.09. The disclosure for this sale can be found here. Company insiders own 42.10% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the business. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new stake in shares of Heartland Express in the second quarter valued at approximately $194,000. Xact Kapitalforvaltning AB acquired a new stake in shares of Heartland Express in the second quarter valued at approximately $201,000. SG Americas Securities LLC increased its stake in shares of Heartland Express by 123.4% in the second quarter. SG Americas Securities LLC now owns 12,729 shares of the transportation company’s stock valued at $236,000 after purchasing an additional 7,031 shares during the period. Verition Fund Management LLC acquired a new stake in shares of Heartland Express in the second quarter valued at approximately $267,000. Finally, Citigroup Inc. increased its stake in shares of Heartland Express by 987.7% in the first quarter. Citigroup Inc. now owns 14,989 shares of the transportation company’s stock valued at $269,000 after purchasing an additional 13,611 shares during the period. 59.97% of the stock is currently owned by hedge funds and other institutional investors.

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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Analyst Recommendations for Heartland Express (NASDAQ:HTLD)

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