TheStreet Lowers Heartland Express (HTLD) to C+

TheStreet downgraded shares of Heartland Express (NASDAQ:HTLD) from a b- rating to a c+ rating in a report issued on Thursday.

HTLD has been the subject of several other research reports. Zacks Investment Research lowered Heartland Express from a hold rating to a sell rating in a research report on Friday, December 22nd. Morgan Stanley boosted their target price on Heartland Express from $15.00 to $16.00 and gave the company an underweight rating in a research report on Tuesday, February 20th. BidaskClub lowered Heartland Express from a sell rating to a strong sell rating in a research report on Friday, March 30th. Seaport Global Securities restated a neutral rating on shares of Heartland Express in a research report on Tuesday, February 13th. Finally, Stephens restated a hold rating and set a $19.00 target price on shares of Heartland Express in a research report on Wednesday, March 28th. Six research analysts have rated the stock with a sell rating and five have given a hold rating to the company’s stock. Heartland Express has a consensus rating of Sell and a consensus price target of $21.13.

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HTLD opened at $17.79 on Thursday. The stock has a market capitalization of $1,482.12, a P/E ratio of 34.88, a P/E/G ratio of 1.68 and a beta of 0.67. Heartland Express has a 12 month low of $17.51 and a 12 month high of $25.22.

Heartland Express (NASDAQ:HTLD) last released its quarterly earnings results on Monday, February 12th. The transportation company reported $0.07 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.11 by ($0.04). The company had revenue of $165.00 million during the quarter, compared to analysts’ expectations of $190.22 million. Heartland Express had a return on equity of 7.84% and a net margin of 12.38%. The company’s revenue was up 17.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.16 EPS. analysts expect that Heartland Express will post 0.7 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Monday, April 2nd. Shareholders of record on Friday, March 23rd were given a dividend of $0.02 per share. The ex-dividend date was Thursday, March 22nd. This represents a $0.08 annualized dividend and a dividend yield of 0.45%. Heartland Express’s dividend payout ratio (DPR) is presently 15.69%.

Several large investors have recently made changes to their positions in the business. American International Group Inc. boosted its position in shares of Heartland Express by 8.2% during the third quarter. American International Group Inc. now owns 37,779 shares of the transportation company’s stock valued at $947,000 after buying an additional 2,874 shares during the period. Great West Life Assurance Co. Can boosted its holdings in shares of Heartland Express by 6.9% in the third quarter. Great West Life Assurance Co. Can now owns 68,304 shares of the transportation company’s stock valued at $1,589,000 after purchasing an additional 4,430 shares during the period. Guggenheim Capital LLC boosted its holdings in shares of Heartland Express by 26.2% in the fourth quarter. Guggenheim Capital LLC now owns 26,942 shares of the transportation company’s stock valued at $629,000 after purchasing an additional 5,593 shares during the period. Two Sigma Advisers LP boosted its holdings in shares of Heartland Express by 4.4% in the fourth quarter. Two Sigma Advisers LP now owns 136,506 shares of the transportation company’s stock valued at $3,186,000 after purchasing an additional 5,800 shares during the period. Finally, Ramsey Quantitative Systems purchased a new stake in shares of Heartland Express in the fourth quarter valued at approximately $240,000. Institutional investors and hedge funds own 61.56% of the company’s stock.

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About Heartland Express

Heartland Express, Inc is a holding company. The Company is a short-to-medium haul truckload carrier. The Company focuses primarily on short- to medium-haul, asset-based dry van truckload services in regional markets near its terminals. The Company’s truckload services are primarily asset-based transportation services in the dry van truckload market, and it also offers truckload temperature-controlled transportation services and non-asset based brokerage services.

Analyst Recommendations for Heartland Express (NASDAQ:HTLD)

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