Shares of Heartland Express, Inc. (NASDAQ:HTLD) have received a consensus recommendation of “Hold” from the twelve brokerages that are covering the firm, Marketbeat.com reports. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $20.13.

Several brokerages recently weighed in on HTLD. Morgan Stanley raised their target price on Heartland Express from $14.00 to $15.00 and gave the company an “underweight” rating in a research note on Monday, July 23rd. ValuEngine raised Heartland Express from a “sell” rating to a “hold” rating in a research note on Thursday, May 31st. Zacks Investment Research raised Heartland Express from a “hold” rating to a “buy” rating and set a $23.00 target price for the company in a research note on Wednesday, August 22nd. Robert W. Baird reaffirmed a “hold” rating and set a $20.00 target price on shares of Heartland Express in a research note on Friday, July 20th. Finally, BidaskClub raised Heartland Express from a “strong sell” rating to a “sell” rating in a research note on Tuesday, May 22nd.

Shares of NASDAQ:HTLD traded down $0.06 on Friday, hitting $20.94. The company’s stock had a trading volume of 6,743 shares, compared to its average volume of 526,401. Heartland Express has a 12 month low of $17.38 and a 12 month high of $25.22. The stock has a market cap of $1.71 billion, a price-to-earnings ratio of 40.86, a PEG ratio of 1.74 and a beta of 0.63.

Heartland Express (NASDAQ:HTLD) last released its quarterly earnings results on Thursday, July 19th. The transportation company reported $0.22 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.18 by $0.04. Heartland Express had a return on equity of 7.88% and a net margin of 11.77%. The company had revenue of $155.80 million during the quarter, compared to analysts’ expectations of $160.07 million. During the same quarter in the prior year, the business posted $0.18 earnings per share. The company’s revenue for the quarter was up 20.2% compared to the same quarter last year. equities analysts expect that Heartland Express will post 0.8 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, October 1st. Investors of record on Friday, September 21st will be paid a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a yield of 0.38%. Heartland Express’s dividend payout ratio is currently 15.69%.

In related news, Director Michael John Sullivan bought 1,500 shares of Heartland Express stock in a transaction dated Tuesday, July 31st. The stock was acquired at an average cost of $19.55 per share, with a total value of $29,325.00. Following the completion of the acquisition, the director now directly owns 5,402 shares in the company, valued at approximately $105,609.10. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 42.10% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the company. FDx Advisors Inc. lifted its stake in Heartland Express by 49.7% in the 1st quarter. FDx Advisors Inc. now owns 19,836 shares of the transportation company’s stock worth $357,000 after acquiring an additional 6,589 shares in the last quarter. Wells Fargo & Company MN lifted its stake in Heartland Express by 4.6% in the 1st quarter. Wells Fargo & Company MN now owns 73,612 shares of the transportation company’s stock worth $1,325,000 after acquiring an additional 3,240 shares in the last quarter. SG Americas Securities LLC purchased a new stake in Heartland Express in the 1st quarter worth about $103,000. Victory Capital Management Inc. lifted its stake in Heartland Express by 35.6% in the 1st quarter. Victory Capital Management Inc. now owns 16,253 shares of the transportation company’s stock worth $292,000 after acquiring an additional 4,264 shares in the last quarter. Finally, Swiss National Bank lifted its stake in Heartland Express by 4.6% in the 1st quarter. Swiss National Bank now owns 79,800 shares of the transportation company’s stock worth $1,436,000 after acquiring an additional 3,500 shares in the last quarter. 59.98% of the stock is owned by institutional investors and hedge funds.

Heartland Express Company Profile

Heartland Express, Inc, through its subsidiaries, operates as a short-to-medium haul truckload carrier in the United States and Canada. The company primarily provides nationwide asset-based dry van truckload service for shippers from Washington to Florida and New England to California; and temperature-controlled transportation services.

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Analyst Recommendations for Heartland Express (NASDAQ:HTLD)

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