Shares of Heartland Express, Inc. (NASDAQ:HTLD) have received a consensus recommendation of “Hold” from the ten research firms that are currently covering the company, Marketbeat.com reports. Four analysts have rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $23.60.
Several research firms recently commented on HTLD. TheStreet downgraded Heartland Express from a “b” rating to a “c” rating in a research note on Friday, October 27th. UBS AG increased their price objective on Heartland Express from $22.00 to $23.00 and gave the company a “neutral” rating in a research note on Monday, October 30th. Stifel Nicolaus raised Heartland Express from a “hold” rating to a “buy” rating and increased their price objective for the company from $22.00 to $28.00 in a research note on Friday, September 29th. Robert W. Baird reaffirmed a “hold” rating and issued a $26.00 target price on shares of Heartland Express in a research note on Friday, October 6th. Finally, Zacks Investment Research raised Heartland Express from a “hold” rating to a “buy” rating and set a $27.00 target price for the company in a research note on Monday, October 9th.
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In other news, EVP John P. Cosaert sold 7,146 shares of Heartland Express stock in a transaction dated Monday, September 11th. The stock was sold at an average price of $22.54, for a total value of $161,070.84. Following the completion of the transaction, the executive vice president now owns 57,668 shares in the company, valued at approximately $1,299,836.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 42.10% of the company’s stock.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Teachers Advisors LLC increased its position in Heartland Express by 5.3% during the first quarter. Teachers Advisors LLC now owns 81,169 shares of the transportation company’s stock worth $1,627,000 after buying an additional 4,066 shares during the period. Schwab Charles Investment Management Inc. increased its position in Heartland Express by 6.7% during the first quarter. Schwab Charles Investment Management Inc. now owns 286,244 shares of the transportation company’s stock worth $5,740,000 after buying an additional 18,000 shares during the period. Cipher Capital LP acquired a new position in Heartland Express during the second quarter worth approximately $599,000. Dean Capital Management increased its position in Heartland Express by 137.7% during the second quarter. Dean Capital Management now owns 215,880 shares of the transportation company’s stock worth $4,495,000 after buying an additional 125,060 shares during the period. Finally, TIAA CREF Investment Management LLC increased its holdings in shares of Heartland Express by 38.2% in the second quarter. TIAA CREF Investment Management LLC now owns 166,282 shares of the transportation company’s stock valued at $3,462,000 after purchasing an additional 45,957 shares during the period. 58.29% of the stock is currently owned by institutional investors.
Heartland Express (NASDAQ:HTLD) opened at $21.22 on Monday. Heartland Express has a 52-week low of $18.71 and a 52-week high of $25.22. The stock has a market capitalization of $1,767.68, a P/E ratio of 35.37, a PEG ratio of 2.61 and a beta of 0.54.
Heartland Express (NASDAQ:HTLD) last announced its earnings results on Friday, October 27th. The transportation company reported $0.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.08). Heartland Express had a net margin of 8.54% and a return on equity of 9.50%. The business had revenue of $182.10 million for the quarter, compared to analysts’ expectations of $205.81 million. During the same quarter last year, the business earned $0.15 EPS. The company’s quarterly revenue was up 22.0% on a year-over-year basis. analysts expect that Heartland Express will post 0.54 earnings per share for the current year.
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.
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