Heartland Express, Inc. (HTLD) Receives Average Recommendation of “Hold” from Analysts

Heartland Express, Inc. (NASDAQ:HTLD) has received a consensus recommendation of “Hold” from the eleven brokerages that are covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $19.14.

Several equities research analysts recently issued reports on HTLD shares. BidaskClub upgraded Heartland Express from a “strong sell” rating to a “sell” rating in a report on Thursday, October 11th. Zacks Investment Research cut Heartland Express from a “buy” rating to a “hold” rating in a research note on Saturday, September 29th. Deutsche Bank lowered their target price on Heartland Express from $19.00 to $18.00 and set a “hold” rating for the company in a research note on Thursday, September 27th. Finally, ValuEngine cut Heartland Express from a “hold” rating to a “sell” rating in a research note on Saturday, September 22nd.

HTLD stock opened at $19.26 on Friday. The firm has a market capitalization of $1.59 billion, a P/E ratio of 37.76, a PEG ratio of 1.37 and a beta of 0.60. Heartland Express has a 12-month low of $17.00 and a 12-month high of $23.78.

Heartland Express (NASDAQ:HTLD) last posted its quarterly earnings data on Wednesday, October 17th. The transportation company reported $0.23 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.21 by $0.02. The firm had revenue of $151.30 million for the quarter, compared to the consensus estimate of $162.80 million. Heartland Express had a return on equity of 9.60% and a net margin of 14.11%. The company’s quarterly revenue was down 16.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.10 EPS. As a group, research analysts forecast that Heartland Express will post 0.84 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, December 14th. Investors of record on Tuesday, December 4th were paid a dividend of $0.02 per share. The ex-dividend date of this dividend was Monday, December 3rd. This represents a $0.08 annualized dividend and a yield of 0.42%. Heartland Express’s payout ratio is 15.69%.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Schwab Charles Investment Management Inc. grew its stake in Heartland Express by 6.2% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 397,861 shares of the transportation company’s stock worth $7,381,000 after purchasing an additional 23,158 shares in the last quarter. Legal & General Group Plc boosted its position in shares of Heartland Express by 4.8% during the 2nd quarter. Legal & General Group Plc now owns 105,469 shares of the transportation company’s stock worth $1,955,000 after acquiring an additional 4,849 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Heartland Express by 3.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,791,113 shares of the transportation company’s stock worth $51,775,000 after acquiring an additional 87,542 shares in the last quarter. Victory Capital Management Inc. boosted its position in shares of Heartland Express by 26.8% during the 3rd quarter. Victory Capital Management Inc. now owns 23,885 shares of the transportation company’s stock worth $471,000 after acquiring an additional 5,049 shares in the last quarter. Finally, First Trust Advisors LP boosted its position in shares of Heartland Express by 18.3% during the 3rd quarter. First Trust Advisors LP now owns 127,981 shares of the transportation company’s stock worth $2,525,000 after acquiring an additional 19,813 shares in the last quarter. 60.24% of the stock is 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.

Further Reading: Market Capitalization and Individual Investors

Analyst Recommendations for Heartland Express (NASDAQ:HTLD)

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