Heartland Express Inc. (HTLD) Sees Strong Trading Volume
Shares of Heartland Express Inc. (NASDAQ:HTLD) saw strong trading volume on Tuesday . 506,621 shares were traded during mid-day 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 equities research analysts have issued reports on the company. Deutsche Bank AG restated a “hold” rating on shares of Heartland Express in a report on Thursday. Zacks Investment Research upgraded Heartland Express from a “sell” rating to a “hold” rating in a report on Thursday, August 18th. FBR & Co lowered their price target on Heartland Express from $20.00 to $18.00 in a report on Thursday, May 26th. JPMorgan Chase & Co. increased their price target on Heartland Express from $16.00 to $18.00 and gave the stock an “underweight” rating in a report on Friday, July 29th. Finally, BB&T Corp. downgraded Heartland Express from a “buy” rating to a “hold” rating in a report on Wednesday, June 22nd. Six research analysts have rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $19.50.
The company’s 50-day moving average is $18.58 and its 200 day moving average is $18.27. The company has a market capitalization of $1.62 billion and a PE ratio of 26.380.
Heartland Express (NASDAQ:HTLD) last announced its quarterly earnings data on Thursday, July 28th. The company reported $0.20 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.20. The business earned $160.80 million during the quarter, compared to analyst estimates of $167.94 million. The firm’s revenue for the quarter was down 16.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.27 earnings per share. Equities analysts predict that Heartland Express Inc. will post $0.71 EPS for the current fiscal year.
In other news, Director Larry J. Gordon sold 95,934 shares of the business’s 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 transaction, the director now directly owns 522,867 shares of the company’s stock, valued at approximately $9,275,660.58. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
An institutional investor recently raised its position in Heartland Express stock. Jennison Associates LLC raised its position in shares of Heartland Express Inc. (NASDAQ:HTLD) by 0.7% during the fourth quarter, according to its most recent 13F filing 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 about 1.40% of Heartland Express worth $20,032,000 as of its most recent filing with the SEC.
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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