Heartland Express Inc. (HTLD) Trading 3.5% Higher
Heartland Express Inc. (NASDAQ:HTLD)’s share price traded up 3.5% on Friday . The stock traded as high as $18.63 and last traded at $18.47, with a volume of 235,253 shares traded. The stock had previously closed at $17.84.
Several equities analysts have recently weighed in on the stock. BlueFin Research reiterated an “outperform” rating and issued a $26.00 target price (up previously from $22.00) on shares of Heartland Express in a research note on Thursday, March 24th. Zacks Investment Research downgraded shares of Heartland Express from a “hold” rating to a “sell” rating in a research note on Thursday, March 31st. Robert W. Baird lifted their target price on shares of Heartland Express from $19.00 to $20.00 in a research note on Monday, April 4th. FBR & Co reduced their target price on shares of Heartland Express from $20.00 to $18.00 in a research note on Thursday, May 26th. Finally, Wedbush reiterated an “outperform” rating and issued a $18.00 target price (down previously from $27.00) on shares of Heartland Express in a research note on Thursday, May 26th. Seven investment analysts have rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $19.36.
The company has a 50-day moving average price of $17.86 and a 200-day moving average price of $17.89. The company has a market capitalization of $1.52 billion and a price-to-earnings ratio of 22.50.
Heartland Express (NASDAQ:HTLD) last issued its quarterly earnings data on Tuesday, April 26th. The company reported $0.17 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.16 by $0.01. The business earned $162.80 million during the quarter, compared to the consensus estimate of $175.65 million. Heartland Express’s revenue for the quarter was down 13.2% on a year-over-year basis. During the same quarter last year, the company earned $0.20 EPS. Equities analysts expect that Heartland Express Inc. will post $0.73 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 1st. Stockholders of record on Tuesday, June 21st were paid a $0.02 dividend. This represents a $0.08 annualized dividend and a dividend yield of 0.45%. The ex-dividend date was Friday, June 17th.
In other news, Director Larry J. Gordon sold 95,934 shares of the stock in a transaction that occurred on Wednesday, June 15th. The shares were sold at an average price of $17.74, for a total value of $1,701,869.16. Following the transaction, the director now owns 522,867 shares in the company, valued at approximately $9,275,660.58. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.
A number of large investors have recently added to or reduced their stakes in HTLD. Principal Financial Group Inc. boosted its stake in Heartland Express by 1.3% in the fourth quarter. Principal Financial Group Inc. now owns 397,939 shares of the company’s stock worth $6,773,000 after buying an additional 5,239 shares during the last quarter. Rhumbline Advisers boosted its stake in Heartland Express by 5.0% in the fourth quarter. Rhumbline Advisers now owns 88,613 shares of the company’s stock worth $1,508,000 after buying an additional 4,210 shares during the last quarter. Redwood Capital Investments LLC purchased a new stake in Heartland Express during the fourth quarter worth approximately $70,943,000. Jennison Associates LLC boosted its stake in Heartland Express by 0.7% in the fourth quarter. Jennison Associates LLC now owns 1,176,959 shares of the company’s stock worth $20,032,000 after buying an additional 8,042 shares during the last quarter. Finally, California State Teachers Retirement System boosted its stake 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 worth $1,588,000 after buying an additional 1,431 shares during 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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