Heartland Express Inc. (HTLD) Trading Up 2.2%
Heartland Express Inc. (NASDAQ:HTLD)’s share price was up 2.2% during mid-day trading on Wednesday . The company traded as high as $18.55 and last traded at $18.51, with a volume of 180,829 shares trading hands. The stock had previously closed at $18.11.
Several equities research analysts have recently commented on HTLD shares. Zacks Investment Research cut Heartland Express from a “hold” rating to a “sell” rating in a research note on Thursday, March 31st. Robert W. Baird upped their price target on Heartland Express from $19.00 to $20.00 in a research note on Monday, April 4th. BlueFin Research restated an “outperform” rating and set a $26.00 price target (up previously from $22.00) on shares of Heartland Express in a research note on Thursday, March 24th. Barclays PLC cut their price target on Heartland Express from $17.00 to $15.00 and set an “underweight” rating for the company in a research note on Wednesday, April 6th. Finally, Wedbush restated an “outperform” rating and set a $18.00 price target (down previously from $27.00) on shares of Heartland Express in a research note on Thursday, May 26th. Seven equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $19.36.
The firm’s 50-day moving average price is $17.88 and its 200 day moving average price is $17.86. The stock has a market capitalization of $1.54 billion and a price-to-earnings ratio of 22.79.
Heartland Express (NASDAQ:HTLD) last released its quarterly earnings results on Tuesday, April 26th. The company reported $0.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.16 by $0.01. During the same quarter last year, the company posted $0.20 EPS. The company had revenue of $162.80 million for the quarter, compared to the consensus estimate of $175.65 million. The business’s revenue was down 13.2% compared to the same quarter last year. On average, equities analysts forecast that Heartland Express Inc. will post $0.75 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, July 1st. Stockholders of record on Tuesday, June 21st were paid a dividend of $0.02 per share. The ex-dividend date of this dividend was Friday, June 17th. This represents a $0.08 annualized dividend and a dividend yield of 0.43%.
In other news, Director Larry J. Gordon sold 95,934 shares of the company’s stock in a transaction dated Wednesday, June 15th. The stock was sold at an average price of $17.74, for a total transaction of $1,701,869.16. Following the completion of the sale, the director now owns 522,867 shares in the company, valued at approximately $9,275,660.58. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.
Several hedge funds recently added to or reduced their stakes in HTLD. Rhumbline Advisers increased its stake in Heartland Express by 5.0% in the fourth quarter. Rhumbline Advisers now owns 88,613 shares of the company’s stock valued at $1,508,000 after buying an additional 4,210 shares during the period. California State Teachers Retirement System boosted its position in Heartland Express by 1.6% in the fourth quarter. California State Teachers Retirement System now owns 93,329 shares of the company’s stock valued at $1,588,000 after buying an additional 1,431 shares in the last quarter. Nationwide Fund Advisors boosted its position in Heartland Express by 36.1% in the fourth quarter. Nationwide Fund Advisors now owns 360,487 shares of the company’s stock valued at $6,135,000 after buying an additional 95,678 shares in the last quarter. Principal Financial Group Inc. boosted its position in Heartland Express by 1.3% in the fourth quarter. Principal Financial Group Inc. now owns 397,939 shares of the company’s stock valued at $6,773,000 after buying an additional 5,239 shares in the last quarter. Finally, Jennison Associates LLC boosted its position in Heartland Express by 0.7% in the fourth quarter. Jennison Associates LLC now owns 1,176,959 shares of the company’s stock valued at $20,032,000 after buying an additional 8,042 shares in the last quarter.
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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