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.
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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