Heartland Express Inc. (HTLD) Sees Large Volume Increase
Shares of Heartland Express Inc. (NASDAQ:HTLD) saw strong trading volume on Tuesday . 506,621 shares traded hands during trading, an increase of 23% from the previous session’s volume of 413,399 shares.The stock last traded at $19.76 and had previously closed at $19.43.
Several analysts have recently weighed in on the stock. Zacks Investment Research upgraded shares of Heartland Express from a “sell” rating to a “hold” rating in a research note on Thursday, August 18th. JPMorgan Chase & Co. lifted their price objective 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. FBR & Co lowered their price objective on shares of Heartland Express from $20.00 to $18.00 in a research note on Thursday, May 26th. Wedbush reiterated an “outperform” rating and issued a $18.00 price objective (down previously from $27.00) on shares of Heartland Express in a research note on Thursday, May 26th. Finally, Wells Fargo & Co. lowered shares of Heartland Express from a “market perform” rating to an “underperform” rating in a research note on Monday, May 9th. Six investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the company. Heartland Express currently has a consensus rating of “Hold” and a consensus target price of $19.50.
The stock has a 50-day moving average price of $18.51 and a 200-day moving average price of $18.25. The stock has a market cap of $1.65 billion and a PE ratio of 26.79.
Heartland Express (NASDAQ:HTLD) last issued its quarterly earnings results on Thursday, July 28th. The company reported $0.20 earnings per share for the quarter, meeting the consensus estimate of $0.20. The company had revenue of $160.80 million for the quarter, compared to the consensus estimate of $167.94 million. During the same quarter in the previous year, the business earned $0.27 earnings per share. Heartland Express’s revenue was down 16.1% compared to the same quarter last year. On average, analysts anticipate that Heartland Express Inc. will post $0.71 earnings per share for the current fiscal year.
In related news, Director Larry J. Gordon sold 95,934 shares of Heartland Express stock in a transaction dated Wednesday, June 15th. The stock was sold at an average price of $17.74, for a total value of $1,701,869.16. Following the completion of the sale, the director now directly owns 522,867 shares in the company, valued at approximately $9,275,660.58. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
A hedge fund recently raised its stake in Heartland Express stock. Jennison Associates LLC raised its stake in Heartland Express Inc. (NASDAQ:HTLD) by 0.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,176,959 shares of the company’s stock after buying an additional 8,042 shares during the period. Jennison Associates LLC owned 1.40% of Heartland Express worth $20,032,000 at the end of the most recent 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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