Heartland Express, Inc. (NASDAQ:HTLD) has earned a consensus recommendation of “Sell” from the twelve brokerages that are presently covering the company, Marketbeat.com reports. Six investment analysts have rated the stock with a sell rating and five have given a hold rating to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $20.29.
HTLD has been the subject of a number of recent research reports. TheStreet upgraded shares of Heartland Express from a “c” rating to a “b-” rating in a research note on Monday, February 12th. BidaskClub upgraded shares of Heartland Express from a “hold” rating to a “buy” rating in a research note on Wednesday, December 27th. Zacks Investment Research upgraded shares of Heartland Express from a “sell” rating to a “hold” rating in a research note on Tuesday, January 9th. Stephens restated a “hold” rating and issued a $19.00 price objective on shares of Heartland Express in a research note on Wednesday, March 28th. Finally, Stifel Nicolaus initiated coverage on shares of Heartland Express in a research note on Friday, April 6th. They issued a “hold” rating and a $17.00 price objective for the company.
Several institutional investors have recently made changes to their positions in the stock. MetLife Investment Advisors LLC acquired a new stake in shares of Heartland Express during the 4th quarter worth about $523,000. Two Sigma Advisers LP grew its holdings in Heartland Express by 4.4% during the 4th quarter. Two Sigma Advisers LP now owns 136,506 shares of the transportation company’s stock worth $3,186,000 after acquiring an additional 5,800 shares during the last quarter. Stone Ridge Asset Management LLC bought a new stake in Heartland Express during the 4th quarter worth about $635,000. Guggenheim Capital LLC grew its holdings in Heartland Express by 26.2% during the 4th quarter. Guggenheim Capital LLC now owns 26,942 shares of the transportation company’s stock worth $629,000 after acquiring an additional 5,593 shares during the last quarter. Finally, Deutsche Bank AG grew its holdings in Heartland Express by 30.2% during the 4th quarter. Deutsche Bank AG now owns 187,408 shares of the transportation company’s stock worth $4,372,000 after acquiring an additional 43,445 shares during the last quarter. Institutional investors and hedge funds own 61.56% of the company’s stock.
Shares of HTLD stock traded up $0.04 during mid-day trading on Thursday, reaching $18.60. The company’s stock had a trading volume of 319,890 shares, compared to its average volume of 567,886. Heartland Express has a 1-year low of $17.51 and a 1-year high of $25.22. The stock has a market cap of $1,499.62, a price-to-earnings ratio of 36.39, a P/E/G ratio of 1.81 and a beta of 0.67.
Heartland Express (NASDAQ:HTLD) last announced its quarterly earnings data on Monday, February 12th. The transportation company reported $0.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.04). Heartland Express had a net margin of 12.38% and a return on equity of 7.84%. The business had revenue of $165.00 million during the quarter, compared to analyst estimates of $190.22 million. During the same quarter in the prior year, the company posted $0.16 EPS. The company’s quarterly revenue was up 17.9% compared to the same quarter last year. research analysts forecast that Heartland Express will post 0.66 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Monday, April 2nd. Investors of record on Friday, March 23rd were given a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.43%. The ex-dividend date of this dividend was Thursday, March 22nd. Heartland Express’s dividend payout ratio (DPR) is currently 15.69%.
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Heartland Express Company Profile
Heartland Express, Inc is a holding company. The Company is a short-to-medium haul truckload carrier. The Company focuses primarily on short- to medium-haul, asset-based dry van truckload services in regional markets near its terminals. The Company’s truckload services are primarily asset-based transportation services in the dry van truckload market, and it also offers truckload temperature-controlled transportation services and non-asset based brokerage services.
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