Heartland Express Inc. (HTLD) Trading 2.8% Higher
Heartland Express Inc. (NASDAQ:HTLD) traded up 2.8% during trading on Thursday . The stock traded as high as $18.58 and last traded at $18.55, with a volume of 192,547 shares trading hands. The stock had previously closed at $18.04.
Several equities research analysts have recently commented on the company. Zacks Investment Research raised Heartland Express from a “sell” rating to a “buy” rating and set a $20.00 target price for the company in a report on Tuesday, April 5th. Barclays PLC reduced their target price on Heartland Express from $17.00 to $15.00 and set an “underweight” rating for the company in a report on Wednesday, April 6th. FBR & Co reduced their target price on Heartland Express from $20.00 to $18.00 in a report on Thursday, May 26th. BB&T Corp. downgraded Heartland Express from a “buy” rating to a “hold” rating in a report on Wednesday, June 22nd. Finally, Wedbush reaffirmed an “outperform” rating and set a $18.00 target price (down from $27.00) on shares of Heartland Express in a report on Thursday, May 26th. Seven equities research analysts have rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $19.36.
The company has a market cap of $1.54 billion and a price-to-earnings ratio of 22.77. The company’s 50-day moving average price is $17.80 and its 200 day moving average price is $17.95.
Heartland Express (NASDAQ:HTLD) last issued its quarterly earnings results on Tuesday, July 26th. The company reported $0.20 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.20. The business had revenue of $160.80 million for the quarter, compared to analyst estimates of $167.94 million. The business’s revenue was down 16.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.27 earnings per share. On average, equities research analysts expect that Heartland Express Inc. will post $0.73 earnings per share for the current 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 0.43%.
In other Heartland Express news, Director Larry J. Gordon sold 95,934 shares of the 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 directly owns 522,867 shares in the company, valued at approximately $9,275,660.58. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
A number of hedge funds have modified their holdings of HTLD. Rhumbline Advisers increased its stake in shares of 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. California State Teachers Retirement System increased its stake in shares of 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. Principal Financial Group Inc. increased its stake in shares of 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. Jennison Associates LLC increased its stake in shares of 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, Redwood Capital Investments LLC acquired a new stake in shares of Heartland Express during the fourth quarter worth $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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