Heartland Express, Inc. (NASDAQ:HTLD) had its target price decreased by analysts at Barclays PLC from $21.00 to $20.00 in a research report issued to clients and investors on Wednesday, November 1st. The firm currently has an “underweight” rating on the transportation company’s stock. Barclays PLC’s price target suggests a potential downside of 3.52% from the company’s current price.
HTLD has been the subject of a number of other reports. UBS AG upgraded shares of Heartland Express from a “sell” rating to a “neutral” rating and boosted their target price for the company from $20.00 to $22.00 in a research report on Monday, July 10th. Stifel Nicolaus restated a “hold” rating and set a $23.00 target price (up from $19.00) on shares of Heartland Express in a research report on Monday, July 10th. Morgan Stanley reiterated an “underweight” rating on shares of Heartland Express in a research report on Tuesday, July 11th. BidaskClub downgraded shares of Heartland Express from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, July 19th. Finally, Zacks Investment Research upgraded shares of Heartland Express from a “hold” rating to a “buy” rating and set a $24.00 price objective for the company in a research report on Friday, July 21st. Four investment analysts have rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company’s stock. Heartland Express has an average rating of “Hold” and a consensus target price of $24.17.
Heartland Express (NASDAQ:HTLD) traded up $0.17 during trading hours on Wednesday, hitting $20.73. 299,188 shares of the stock traded hands, compared to its average volume of 493,184. Heartland Express has a 1-year low of $18.71 and a 1-year high of $25.22. The firm has a market capitalization of $1,712.70, a P/E ratio of 34.27, a P/E/G ratio of 2.52 and a beta of 0.54.
Heartland Express (NASDAQ:HTLD) last posted its quarterly earnings data on Friday, October 27th. The transportation company reported $0.09 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.17 by ($0.08). Heartland Express had a return on equity of 9.50% and a net margin of 8.54%. The company had revenue of $182.10 million for the quarter, compared to analyst estimates of $205.81 million. During the same quarter in the previous year, the firm posted $0.15 earnings per share. The company’s quarterly revenue was up 22.0% on a year-over-year basis. analysts expect that Heartland Express will post 0.54 earnings per share for the current year.
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In other news, EVP John P. Cosaert sold 7,146 shares of the business’s stock in a transaction dated Monday, September 11th. The shares were sold at an average price of $22.54, for a total transaction of $161,070.84. Following the completion of the sale, the executive vice president now owns 57,668 shares of the company’s stock, valued at $1,299,836.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 42.10% of the stock is owned by insiders.
Hedge funds have recently added to or reduced their stakes in the company. Teachers Advisors LLC increased its stake in shares of Heartland Express by 5.3% during the first quarter. Teachers Advisors LLC now owns 81,169 shares of the transportation company’s stock worth $1,627,000 after purchasing an additional 4,066 shares in the last quarter. Schwab Charles Investment Management Inc. increased its stake in shares of Heartland Express by 6.7% during the first quarter. Schwab Charles Investment Management Inc. now owns 286,244 shares of the transportation company’s stock worth $5,740,000 after purchasing an additional 18,000 shares in the last quarter. Cipher Capital LP purchased a new stake in shares of Heartland Express during the second quarter worth about $599,000. TIAA CREF Investment Management LLC increased its stake in shares of Heartland Express by 38.2% during the second quarter. TIAA CREF Investment Management LLC now owns 166,282 shares of the transportation company’s stock worth $3,462,000 after purchasing an additional 45,957 shares in the last quarter. Finally, Dean Capital Management increased its stake in shares of Heartland Express by 137.7% during the second quarter. Dean Capital Management now owns 215,880 shares of the transportation company’s stock worth $4,495,000 after purchasing an additional 125,060 shares in the last quarter. 57.20% of the stock is owned by institutional investors and hedge funds.
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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