Heartland Express, Inc. (NASDAQ:HTLD) has received a consensus recommendation of “Hold” from the nine brokerages that are presently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation and seven have assigned a hold recommendation to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $18.80.
Several analysts have issued reports on the company. 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. BidaskClub upgraded Heartland Express from a “hold” rating to a “buy” rating in a research note on Tuesday, February 5th. Finally, Zacks Investment Research upgraded Heartland Express from a “sell” rating to a “hold” rating and set a $22.00 price objective on the stock in a research note on Tuesday, January 22nd.
HTLD traded up $0.04 on Friday, reaching $19.71. The company’s stock had a trading volume of 11,577 shares, compared to its average volume of 390,202. The company has a market capitalization of $1.61 billion, a P/E ratio of 22.40, a P/E/G ratio of 1.37 and a beta of 0.75. Heartland Express has a 1 year low of $17.00 and a 1 year high of $21.66.
Heartland Express (NASDAQ:HTLD) last issued its quarterly earnings results on Thursday, April 18th. The transportation company reported $0.21 EPS for the quarter, beating analysts’ consensus estimates 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 12.64% and a net margin of 12.91%. Heartland Express’s revenue for the quarter was down 11.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.16 earnings per share. Sell-side analysts anticipate that Heartland Express will post 0.96 earnings per share for the current year.
In other Heartland Express news, VP Kent Daryl Rigdon sold 1,538 shares of the company’s stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $20.09, for a total transaction of $30,898.42. Following the sale, the vice president now owns 1,128 shares in the company, valued at $22,661.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 42.80% of the company’s stock.
Several institutional investors have recently made changes to their positions in the company. Wells Fargo & Company MN increased its position in Heartland Express by 10.6% in the 3rd quarter. Wells Fargo & Company MN now owns 30,839 shares of the transportation company’s stock valued at $608,000 after acquiring an additional 2,953 shares during the period. MetLife Investment Advisors LLC boosted its stake in shares of Heartland Express by 54.0% during the 3rd quarter. MetLife Investment Advisors LLC now owns 34,509 shares of the transportation company’s stock worth $681,000 after acquiring an additional 12,099 shares in the last quarter. Legal & General Group Plc boosted its stake in shares of Heartland Express by 4.0% during the 3rd quarter. Legal & General Group Plc now owns 109,676 shares of the transportation company’s stock worth $2,163,000 after acquiring an additional 4,207 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of Heartland Express by 2.0% during the 3rd quarter. Vanguard Group Inc. now owns 4,661,673 shares of the transportation company’s stock worth $91,974,000 after acquiring an additional 90,795 shares in the last quarter. Finally, Vanguard Group Inc boosted its stake in shares of Heartland Express by 2.0% during the 3rd quarter. Vanguard Group Inc now owns 4,661,673 shares of the transportation company’s stock worth $91,974,000 after acquiring an additional 90,795 shares in the last quarter. Institutional investors and hedge funds own 60.18% of the company’s stock.
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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