Heartland Express Inc. (HTLD) Stock Price Up 3.5%
Heartland Express Inc. (NASDAQ:HTLD)’s share price rose 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 trading hands. The stock had previously closed at $17.84.
HTLD has been the subject of several recent research reports. Robert W. Baird lifted their price target on Heartland Express from $19.00 to $20.00 in a research report on Monday, April 4th. FBR & Co reduced their price target on Heartland Express from $20.00 to $18.00 in a research report on Thursday, May 26th. Zacks Investment Research upgraded Heartland Express from a “sell” rating to a “buy” rating and set a $20.00 price target for the company in a research report on Tuesday, April 5th. BB&T Corp. cut Heartland Express from a “buy” rating to a “hold” rating in a research report on Wednesday, June 22nd. Finally, Wedbush reiterated an “outperform” rating and issued a $18.00 price target (down from $27.00) on shares of Heartland Express in a research report on Thursday, May 26th. Seven investment analysts have rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $19.36.
The stock has a 50-day moving average price of $17.85 and a 200-day moving average price of $17.90. The stock has a market capitalization of $1.52 billion and a PE ratio of 22.50.
Heartland Express (NASDAQ:HTLD) last posted its quarterly earnings results on Tuesday, April 26th. The company reported $0.17 EPS for the quarter, beating the Zacks’ consensus estimate of $0.16 by $0.01. The business had revenue of $162.80 million for the quarter, compared to the consensus estimate of $175.65 million. During the same period in the prior year, the business earned $0.20 earnings per share. Heartland Express’s revenue was down 13.2% compared to the same quarter last year. On average, equities analysts anticipate that Heartland Express Inc. will post $0.73 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, July 1st. Shareholders of record on Tuesday, June 21st were issued a dividend of $0.02 per share. The ex-dividend date of this dividend was Friday, June 17th. This represents a $0.08 dividend on an annualized basis and a yield of 0.44%.
In other Heartland Express news, Director Larry J. Gordon sold 95,934 shares of the firm’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 sale, the director now directly owns 522,867 shares of the company’s stock, valued at $9,275,660.58. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.
Other large investors have bought and sold shares of the company. 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 in the last quarter. 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 in the last quarter. 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 in the last quarter. 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 in the last quarter. Finally, Redwood Capital Investments LLC acquired a new stake in Heartland Express during the fourth quarter worth approximately $70,943,000.
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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