Heartland Express, Inc. (NASDAQ:HTLD) Given Average Rating of “Reduce” by Analysts

Heartland Express, Inc. (NASDAQ:HTLDGet Free Report) has been assigned an average recommendation of “Reduce” from the five ratings firms that are covering the company, MarketBeat reports. Two analysts have rated the stock with a sell rating and three have issued a hold rating on the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $12.80.

HTLD has been the subject of a number of recent research reports. JPMorgan Chase & Co. reiterated an “underweight” rating and issued a $10.00 target price (down previously from $12.00) on shares of Heartland Express in a research note on Tuesday. Barclays lowered their target price on Heartland Express from $11.00 to $10.00 and set an “underweight” rating for the company in a research note on Tuesday, April 30th. StockNews.com lowered Heartland Express from a “hold” rating to a “sell” rating in a research note on Wednesday, April 24th. Finally, UBS Group downgraded Heartland Express from a “buy” rating to a “neutral” rating and reduced their price target for the company from $15.00 to $13.00 in a report on Tuesday.

Get Our Latest Report on Heartland Express

Heartland Express Stock Performance

Shares of NASDAQ:HTLD opened at $11.61 on Wednesday. The firm has a market capitalization of $917.77 million, a PE ratio of -68.29 and a beta of 0.69. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.26 and a quick ratio of 1.26. The business has a 50-day moving average of $11.57 and a two-hundred day moving average of $12.05. Heartland Express has a 12 month low of $9.63 and a 12 month high of $17.08.

Heartland Express (NASDAQ:HTLDGet Free Report) last announced its quarterly earnings results on Tuesday, April 23rd. The transportation company reported ($0.19) EPS for the quarter, missing the consensus estimate of ($0.12) by ($0.07). Heartland Express had a negative return on equity of 1.50% and a negative net margin of 1.13%. The firm had revenue of $270.30 million for the quarter, compared to analyst estimates of $263.92 million. During the same quarter in the prior year, the company earned $0.16 earnings per share. The business’s revenue was down 18.3% compared to the same quarter last year. As a group, research analysts forecast that Heartland Express will post -0.13 earnings per share for the current year.

Heartland Express Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, July 5th. Investors of record on Tuesday, June 25th were issued a $0.02 dividend. This represents a $0.08 dividend on an annualized basis and a yield of 0.69%. The ex-dividend date of this dividend was Tuesday, June 25th. Heartland Express’s dividend payout ratio is currently -47.06%.

Insiders Place Their Bets

In other news, Director James G. Pratt bought 9,000 shares of Heartland Express stock in a transaction on Wednesday, June 12th. The shares were bought at an average price of $11.96 per share, with a total value of $107,640.00. Following the acquisition, the director now directly owns 23,429 shares in the company, valued at approximately $280,210.84. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CEO Michael J. Gerdin bought 93,496 shares of Heartland Express stock in a transaction on Friday, May 3rd. The shares were bought at an average price of $10.81 per share, with a total value of $1,010,691.76. Following the acquisition, the chief executive officer now directly owns 290,010 shares in the company, valued at approximately $3,135,008.10. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director James G. Pratt bought 9,000 shares of Heartland Express stock in a transaction on Wednesday, June 12th. The shares were purchased at an average cost of $11.96 per share, for a total transaction of $107,640.00. Following the acquisition, the director now owns 23,429 shares in the company, valued at $280,210.84. The disclosure for this purchase can be found here. Insiders have bought a total of 405,490 shares of company stock valued at $4,237,451 in the last quarter. Insiders own 39.80% of the company’s stock.

Institutional Trading of Heartland Express

Several hedge funds have recently made changes to their positions in HTLD. EntryPoint Capital LLC bought a new stake in shares of Heartland Express in the 1st quarter worth approximately $62,000. Inspire Advisors LLC lifted its holdings in shares of Heartland Express by 23.3% in the 1st quarter. Inspire Advisors LLC now owns 14,715 shares of the transportation company’s stock worth $176,000 after purchasing an additional 2,779 shares during the last quarter. Graham Capital Management L.P. bought a new stake in shares of Heartland Express in the 3rd quarter worth approximately $244,000. BNP Paribas Financial Markets lifted its holdings in shares of Heartland Express by 74.1% in the 1st quarter. BNP Paribas Financial Markets now owns 23,218 shares of the transportation company’s stock worth $277,000 after purchasing an additional 9,884 shares during the last quarter. Finally, Louisiana State Employees Retirement System bought a new stake in shares of Heartland Express in the 4th quarter worth approximately $327,000. Institutional investors own 53.45% of the company’s stock.

About Heartland Express

(Get Free Report

Heartland Express, Inc, together with its subsidiaries, operates as a short-to-medium, and long-haul truckload carrier in the United States and Canada. It primarily provides nationwide asset-based dry van truckload service for shippers; cross-border freight and other transportation services; and temperature-controlled truckload services.

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Analyst Recommendations for Heartland Express (NASDAQ:HTLD)

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