Heartland Express, Inc. (HTLD) Rating Increased to Buy at Zacks Investment Research

Zacks Investment Research upgraded shares of Heartland Express, Inc. (NASDAQ:HTLD) from a hold rating to a buy rating in a research note released on Monday morning. Zacks Investment Research currently has $27.00 price objective on the transportation company’s stock.

According to Zacks, “Heartland Express, Inc. is a short-to-medium haul truckload carrier based near Iowa City, Iowa. The Company provides nationwide transportation service to major shippers, using late-model tractors and a uniform fleet of 53-foot aluminum plate dry vans. “

Several other research firms also recently issued reports on HTLD. Robert W. Baird reaffirmed a hold rating and set a $26.00 price objective on shares of Heartland Express in a report on Friday, October 6th. Stifel Nicolaus raised Heartland Express from a hold rating to a buy rating and upped their price objective for the stock from $22.00 to $28.00 in a report on Friday, September 29th. TheStreet raised Heartland Express from a c+ rating to a b rating in a report on Thursday, September 7th. UBS AG raised Heartland Express from a sell rating to a neutral rating and upped their price objective for the stock from $20.00 to $22.00 in a report on Monday, July 10th. Finally, BidaskClub downgraded Heartland Express from a strong-buy rating to a buy rating in a report on Wednesday, July 19th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the company’s stock. The company presently has a consensus rating of Hold and a consensus price target of $23.67.

Shares of Heartland Express (NASDAQ HTLD) traded down 1.01% during mid-day trading on Monday, hitting $23.47. The company had a trading volume of 42,442 shares. The firm’s 50 day moving average is $22.96 and its 200-day moving average is $21.03. The firm has a market cap of $1.96 billion, a PE ratio of 36.11 and a beta of 0.55. Heartland Express has a 12-month low of $17.06 and a 12-month high of $25.22.

Heartland Express (NASDAQ:HTLD) last posted its quarterly earnings data on Wednesday, August 2nd. The transportation company reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.19 by ($0.01). Heartland Express had a return on equity of 10.60% and a net margin of 9.89%. The firm had revenue of $129.62 million for the quarter, compared to analyst estimates of $139.89 million. During the same period in the prior year, the company posted $0.20 EPS. The firm’s quarterly revenue was down 19.4% compared to the same quarter last year. On average, equities analysts expect that Heartland Express will post $0.69 EPS for the current year.

TRADEMARK VIOLATION NOTICE: “Heartland Express, Inc. (HTLD) Rating Increased to Buy at Zacks Investment Research” was first posted by BBNS and is owned by of BBNS. If you are reading this piece on another domain, it was copied illegally and reposted in violation of U.S. and international trademark & copyright law. The original version of this piece can be read at https://baseballnewssource.com/markets/heartland-express-inc-htld-rating-increased-to-buy-at-zacks-investment-research/1704567.html.

The firm also recently announced a quarterly dividend, which was paid on Monday, October 2nd. Shareholders of record on Friday, September 22nd were given a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a dividend yield of 0.34%. The ex-dividend date was Thursday, September 21st. Heartland Express’s payout ratio is 12.12%.

In other Heartland Express news, EVP John P. Cosaert sold 7,146 shares of the company’s stock in a transaction on 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 in the company, valued at approximately $1,299,836.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 42.10% of the company’s stock.

Several institutional investors have recently modified their holdings of HTLD. Dean Capital Management increased its position in shares of Heartland Express by 137.7% in the 2nd quarter. Dean Capital Management now owns 215,880 shares of the transportation company’s stock valued at $4,495,000 after buying an additional 125,060 shares in the last quarter. The Manufacturers Life Insurance Company increased its position in shares of Heartland Express by 4.6% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 38,365 shares of the transportation company’s stock valued at $799,000 after buying an additional 1,704 shares in the last quarter. Janus Henderson Group PLC bought a new stake in shares of Heartland Express in the 2nd quarter valued at $41,847,000. Royal Bank of Canada increased its position in shares of Heartland Express by 3.8% in the 2nd quarter. Royal Bank of Canada now owns 27,697 shares of the transportation company’s stock valued at $577,000 after buying an additional 1,006 shares in the last quarter. Finally, Goldman Sachs Group Inc. increased its position in shares of Heartland Express by 47.7% in the 2nd quarter. Goldman Sachs Group Inc. now owns 395,467 shares of the transportation company’s stock valued at $8,233,000 after buying an additional 127,657 shares in the last quarter. Institutional investors own 60.91% of the company’s stock.

About Heartland Express

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.

Get a free copy of the Zacks research report on Heartland Express (HTLD)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Analyst Recommendations for Heartland Express (NASDAQ:HTLD)

Receive News & Ratings for Heartland Express Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Heartland Express Inc. and related companies with our FREE daily email newsletter.

 


Latest News

Justin Turner Joining Postseason Legends
Justin Turner Joining Postseason Legends
PED Use Cost Alex Rodriguez Millions and His Reputation
PED Use Cost Alex Rodriguez Millions and His Reputation
Yankees to Send Masahiro Tanaka Against Astros in Game 1
Yankees to Send Masahiro Tanaka Against Astros in Game 1
Red Sox Waste Little Time in Firing John Farrell
Red Sox Waste Little Time in Firing John Farrell
Washington Nationals Sans Strasburg for Game 4 at Wrigley
Washington Nationals Sans Strasburg for Game 4 at Wrigley
Red Sox Beat Houston Sunday to Avoid Elimination
Red Sox Beat Houston Sunday to Avoid Elimination


Leave a Reply

 
© 2006-2017 BBNS.