According to Zacks, “Heartland Express, Inc. is a short-to-medium haul truckload carrier based near Iowa City, Iowa. The Company provides nationwide transportation service to major shippers, using late-model tractors and a uniform fleet of 53-foot aluminum plate dry vans. “
Several other equities analysts also recently commented on the stock. JPMorgan Chase & Co. upped their price target on shares of Heartland Express from $16.00 to $18.00 and gave the company an underweight rating in a research note on Friday, July 29th. CL King restated a neutral rating on shares of Heartland Express in a research note on Thursday, August 25th. BB&T Corp. downgraded shares of Heartland Express from a buy rating to a hold rating in a research note on Wednesday, June 22nd. Wedbush restated a neutral rating and issued a $12.00 price target (down from $17.00) on shares of Heartland Express in a research note on Thursday, August 25th. Finally, Deutsche Bank AG restated a hold rating on shares of Heartland Express in a research note on Thursday, August 25th. Six investment analysts have rated the stock with a sell rating, eleven have given a hold rating and three have issued a buy rating to the stock. The stock has a consensus rating of Hold and a consensus price target of $17.00.
Heartland Express (NASDAQ:HTLD) traded down 0.16% during mid-day trading on Tuesday, reaching $18.57. 2,643 shares of the company’s stock traded hands. Heartland Express has a 1-year low of $15.36 and a 1-year high of $21.95. The firm has a 50 day moving average of $19.04 and a 200 day moving average of $18.31. The firm has a market cap of $1.55 billion, a PE ratio of 25.13 and a beta of 0.25.
Heartland Express (NASDAQ:HTLD) last released its quarterly earnings results on Thursday, July 28th. The company reported $0.20 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.20. Heartland Express had a net margin of 9.24% and a return on equity of 13.14%. The business had revenue of $160.80 million for the quarter, compared to the consensus estimate of $167.94 million. During the same period in the prior year, the company posted $0.27 earnings per share. Heartland Express’s revenue was down 16.1% compared to the same quarter last year. Analysts forecast that Heartland Express will post $0.71 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, October 3rd. Investors of record on Friday, September 23rd were issued a $0.02 dividend. The ex-dividend date of this dividend was Wednesday, September 21st. This represents a $0.08 dividend on an annualized basis and a yield of 0.43%. Heartland Express’s dividend payout ratio (DPR) is presently 10.81%.
In related news, EVP John P. Cosaert sold 4,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 24th. The shares were 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 document filed with the SEC, which can be accessed through this link. 45.30% of the stock is currently owned by corporate insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of HTLD. Invictus RG acquired a new position in shares of Heartland Express during the first quarter worth about $116,000. Teacher Retirement System of Texas raised its position in shares of 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 period. PineBridge Investments L.P. raised its position in shares of 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 period. GSA Capital Partners LLP acquired a new position in shares of Heartland Express during the second quarter worth about $184,000. Finally, Mason Street Advisors LLC acquired a new position in shares of Heartland Express during the second quarter worth about $201,000. Institutional investors and hedge funds own 61.06% of the company’s stock.
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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