Heartland Express (HTLD) Raised to Hold at BidaskClub

BidaskClub upgraded shares of Heartland Express (NASDAQ:HTLD) from a sell rating to a hold rating in a research report released on Friday, BidAskClub reports.

Other research analysts also recently issued reports about the company. Zacks Investment Research downgraded Heartland Express from a buy rating to a hold rating in a research note on Wednesday, March 27th. Stephens restated a hold rating and set a $21.00 price objective on shares of Heartland Express in a research note on Sunday, January 27th. One investment analyst has rated the stock with a sell rating and seven have issued a hold rating to the stock. The stock has a consensus rating of Hold and an average price target of $19.33.

Shares of HTLD opened at $20.08 on Friday. The firm has a market cap of $1.65 billion, a P/E ratio of 22.82, a P/E/G ratio of 1.45 and a beta of 0.75. Heartland Express has a 12 month low of $17.00 and a 12 month high of $21.66.

Heartland Express (NASDAQ:HTLD) last issued its quarterly earnings data on Thursday, April 18th. The transportation company reported $0.21 EPS for the quarter, topping the Zacks’ consensus estimate of $0.19 by $0.02. The firm had revenue of $139.54 million during the quarter, compared to the consensus estimate of $147.43 million. Heartland Express had a return on equity of 12.82% and a net margin of 12.91%. The firm’s revenue was down 11.0% on a year-over-year basis. During the same period in the prior year, the business earned $0.16 EPS. On average, analysts anticipate that Heartland Express will post 0.92 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Friday, March 22nd were paid a $0.02 dividend. The ex-dividend date of this dividend was Thursday, March 21st. This represents a $0.08 annualized dividend and a dividend yield of 0.40%. Heartland Express’s payout ratio is 9.09%.

In other news, VP Kent Daryl Rigdon sold 1,538 shares of the stock in a transaction on Friday, March 15th. The stock was sold at an average price of $20.09, for a total value of $30,898.42. Following the completion of the transaction, the vice president now owns 1,128 shares of the company’s stock, valued at $22,661.52. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 42.80% of the company’s stock.

Large investors have recently added to or reduced their stakes in the company. Resources Investment Advisors Inc. bought a new position in shares of Heartland Express in the fourth quarter worth $29,000. Liberty Wealth Management LLC bought a new position in shares of Heartland Express in the fourth quarter worth $36,000. PNC Financial Services Group Inc. grew its stake in shares of Heartland Express by 60.1% in the fourth quarter. PNC Financial Services Group Inc. now owns 2,105 shares of the transportation company’s stock worth $38,000 after purchasing an additional 790 shares in the last quarter. Oppenheimer Asset Management Inc. bought a new position in shares of Heartland Express in the fourth quarter worth $46,000. Finally, Quantamental Technologies LLC bought a new position in shares of Heartland Express in the fourth quarter worth $105,000. 60.04% of the stock is owned by institutional investors.

Heartland Express Company Profile

Heartland Express, Inc, together with 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 truckload services.

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Analyst Recommendations for Heartland Express (NASDAQ:HTLD)

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