Heartland Express (NASDAQ:HTLD) was downgraded by equities researchers at BidaskClub from a “buy” rating to a “hold” rating in a note issued to investors on Monday, February 25th.
A number of other research analysts have also recently commented on HTLD. Zacks Investment Research raised Heartland Express from a “hold” rating to a “buy” rating and set a $21.00 target price on the stock in a research note on Friday, December 14th. Stephens reaffirmed a “hold” rating and set a $21.00 price objective on shares of Heartland Express in a research note on Sunday, January 27th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the stock. Heartland Express presently has an average rating of “Hold” and an average target price of $19.33.
Shares of HTLD stock traded down $0.37 during trading on Monday, hitting $19.00. The company’s stock had a trading volume of 443,904 shares, compared to its average volume of 467,361. The firm has a market cap of $1.56 billion, a PE ratio of 21.59, a P/E/G ratio of 1.36 and a beta of 0.76. Heartland Express has a 52 week low of $17.00 and a 52 week high of $21.66.
Heartland Express (NASDAQ:HTLD) last issued its quarterly earnings data on Tuesday, January 22nd. The transportation company reported $0.27 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.24 by $0.03. The company had revenue of $147.00 million for the quarter, compared to the consensus estimate of $152.69 million. Heartland Express had a return on equity of 12.23% and a net margin of 11.90%. The firm’s revenue was down 11.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.07 earnings per share. On average, equities research analysts anticipate that Heartland Express will post 0.95 earnings per share for the current year.
In other news, VP Kent Daryl Rigdon sold 1,538 shares of Heartland Express stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $20.09, for a total transaction of $30,898.42. Following the completion of the transaction, the vice president now directly owns 1,128 shares in the company, valued at $22,661.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 42.10% of the stock is currently owned by company insiders.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Resources Investment Advisors Inc. purchased a new stake in Heartland Express in the 4th quarter worth $29,000. PNC Financial Services Group Inc. raised its position in shares of Heartland Express by 60.1% during the 4th quarter. PNC Financial Services Group Inc. now owns 2,105 shares of the transportation company’s stock valued at $38,000 after buying an additional 790 shares in the last quarter. Oppenheimer Asset Management Inc. bought a new position in Heartland Express during the 4th quarter valued at about $46,000. Quantamental Technologies LLC bought a new position in Heartland Express during the 4th quarter valued at about $105,000. Finally, Stephens Inc. AR bought a new position in Heartland Express during the 4th quarter valued at about $207,000. Institutional investors own 59.60% of the company’s stock.
About Heartland Express
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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