Heartland Express, Inc. (HTLD) To Go Ex-Dividend on March 27th

Heartland Express, Inc. (NASDAQ:HTLDGet Rating) announced a quarterly dividend on Friday, March 17th, Zacks reports. Shareholders of record on Tuesday, March 28th will be paid a dividend of 0.02 per share by the transportation company on Friday, April 7th. This represents a $0.08 annualized dividend and a yield of 0.51%. The ex-dividend date is Monday, March 27th.

Heartland Express has a payout ratio of 6.7% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Heartland Express to earn $1.27 per share next year, which means the company should continue to be able to cover its $0.08 annual dividend with an expected future payout ratio of 6.3%.

Heartland Express Trading Down 3.5 %

HTLD stock opened at $15.76 on Friday. The company has a market capitalization of $1.24 billion, a PE ratio of 9.33 and a beta of 0.61. Heartland Express has a one year low of $12.78 and a one year high of $18.17. The company’s 50 day moving average price is $16.46 and its two-hundred day moving average price is $15.66. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.47 and a current ratio of 1.47.

Heartland Express (NASDAQ:HTLDGet Rating) last posted its quarterly earnings results on Friday, February 3rd. The transportation company reported $0.20 EPS for the quarter, missing the consensus estimate of $0.30 by ($0.10). The business had revenue of $354.90 million for the quarter, compared to analysts’ expectations of $332.23 million. Heartland Express had a return on equity of 16.41% and a net margin of 13.80%. The company’s revenue was up 138.5% compared to the same quarter last year. During the same period last year, the business posted $0.26 earnings per share. As a group, analysts predict that Heartland Express will post 1.04 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

HTLD has been the topic of several research reports. Morgan Stanley lifted their price target on shares of Heartland Express from $17.00 to $18.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 11th. StockNews.com initiated coverage on shares of Heartland Express in a research note on Thursday. They issued a “hold” rating on the stock. TheStreet raised shares of Heartland Express from a “c+” rating to a “b-” rating in a research note on Monday, December 5th. Finally, Barclays lifted their target price on shares of Heartland Express from $13.00 to $14.00 and gave the stock an “underweight” rating in a research note on Wednesday, January 11th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, Heartland Express currently has a consensus rating of “Hold” and an average price target of $16.17.

Insider Activity at Heartland Express

In other news, major shareholder Ann S. Gerdin Revocable Trust purchased 2,152 shares of Heartland Express stock in a transaction that occurred on Friday, February 10th. The stock was bought at an average price of $15.99 per share, with a total value of $34,410.48. Following the completion of the transaction, the insider now directly owns 2,152 shares of the company’s stock, valued at $34,410.48. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, major shareholder Ann S. Gerdin Revocable Trust purchased 2,152 shares of Heartland Express stock in a transaction that occurred on Friday, February 10th. The stock was bought at an average price of $15.99 per share, with a total value of $34,410.48. Following the completion of the transaction, the insider now directly owns 2,152 shares of the company’s stock, valued at $34,410.48. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Michael J. Gerdin purchased 8,421 shares of Heartland Express stock in a transaction that occurred on Friday, February 10th. The shares were purchased at an average cost of $15.99 per share, with a total value of $134,651.79. Following the transaction, the chief executive officer now directly owns 18,777 shares of the company’s stock, valued at $300,244.23. The disclosure for this purchase can be found here. Insiders bought 53,602 shares of company stock valued at $848,060 over the last 90 days. Corporate insiders own 39.10% of the company’s stock.

Institutional Investors Weigh In On Heartland Express

A number of large investors have recently added to or reduced their stakes in the stock. Norges Bank bought a new stake in shares of Heartland Express during the 4th quarter valued at $5,171,000. Goldman Sachs Group Inc. lifted its position in shares of Heartland Express by 55.0% in the second quarter. Goldman Sachs Group Inc. now owns 437,415 shares of the transportation company’s stock worth $6,084,000 after buying an additional 155,263 shares in the last quarter. Keeley Teton Advisors LLC purchased a new stake in shares of Heartland Express in the first quarter worth about $1,994,000. Bank of America Corp DE increased its position in Heartland Express by 118.5% during the first quarter. Bank of America Corp DE now owns 258,327 shares of the transportation company’s stock valued at $3,635,000 after acquiring an additional 140,081 shares during the last quarter. Finally, State Street Corp raised its holdings in shares of Heartland Express by 6.3% in the first quarter. State Street Corp now owns 2,242,869 shares of the transportation company’s stock worth $31,601,000 after buying an additional 131,978 shares during the period. Institutional investors own 54.76% of the company’s stock.

Heartland Express Company Profile

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Heartland Express, Inc is a holding company, which engages in the provision of short-to-medium haul truckload carrier services. It offers long haul truckload and regional truckload transportation. The company was founded by Russell A. Gerdin in 1978 and is headquartered in North Liberty, IA.

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Dividend History for Heartland Express (NASDAQ:HTLD)

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