Heartland Express (HTLD) Downgraded to “Strong Sell” at BidaskClub

BidaskClub cut shares of Heartland Express (NASDAQ:HTLD) from a sell rating to a strong sell rating in a research report released on Friday morning.

HTLD has been the subject of several other research reports. Zacks Investment Research cut shares of Heartland Express from a hold rating to a sell rating in a research report on Friday, December 22nd. Morgan Stanley lifted their price target on shares of Heartland Express from $15.00 to $16.00 and gave the stock an underweight rating in a research report on Tuesday, February 20th. Seaport Global Securities reiterated a neutral rating on shares of Heartland Express in a research report on Tuesday, February 13th. Stephens reiterated a hold rating and set a $19.00 price target on shares of Heartland Express in a research report on Wednesday. Finally, ValuEngine cut shares of Heartland Express from a hold rating to a sell rating in a research report on Wednesday, March 7th. Six equities research analysts have rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company’s stock. Heartland Express presently has an average rating of Hold and an average price target of $22.63.

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Shares of NASDAQ:HTLD traded up $0.02 during trading on Friday, hitting $17.99. 1,114,501 shares of the company’s stock were exchanged, compared to its average volume of 527,536. Heartland Express has a 1-year low of $17.76 and a 1-year high of $25.22. The stock has a market cap of $1,498.79, a price-to-earnings ratio of 35.27, a P/E/G ratio of 1.65 and a beta of 0.60.

Heartland Express (NASDAQ:HTLD) last issued its quarterly earnings results on Monday, February 12th. The transportation company reported $0.07 EPS for the quarter, missing the consensus estimate of $0.11 by ($0.04). Heartland Express had a return on equity of 7.84% and a net margin of 12.38%. The business had revenue of $165.00 million for the quarter, compared to analyst estimates of $190.22 million. During the same quarter in the prior year, the firm earned $0.16 EPS. The firm’s quarterly revenue was up 17.9% compared to the same quarter last year. sell-side analysts anticipate that Heartland Express will post 0.73 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 2nd. Investors of record on Friday, March 23rd will be paid a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a yield of 0.44%. The ex-dividend date of this dividend is Thursday, March 22nd. Heartland Express’s payout ratio is 15.69%.

A number of institutional investors have recently added to or reduced their stakes in HTLD. ArrowMark Colorado Holdings LLC boosted its stake in Heartland Express by 12.0% during the 4th quarter. ArrowMark Colorado Holdings LLC now owns 7,016,174 shares of the transportation company’s stock worth $163,758,000 after acquiring an additional 749,703 shares during the last quarter. 1060 Capital LLC bought a new position in Heartland Express during the 4th quarter worth approximately $13,648,000. OppenheimerFunds Inc. boosted its stake in Heartland Express by 161.5% during the 4th quarter. OppenheimerFunds Inc. now owns 714,762 shares of the transportation company’s stock worth $16,682,000 after acquiring an additional 441,402 shares during the last quarter. Standard Life Aberdeen plc boosted its stake in Heartland Express by 15.9% during the 4th quarter. Standard Life Aberdeen plc now owns 2,297,155 shares of the transportation company’s stock worth $53,616,000 after acquiring an additional 315,143 shares during the last quarter. Finally, American Century Companies Inc. boosted its stake in Heartland Express by 1.6% during the 4th quarter. American Century Companies Inc. now owns 8,096,511 shares of the transportation company’s stock worth $188,973,000 after acquiring an additional 128,030 shares during the last quarter. 61.56% of the stock is currently owned by institutional investors and hedge funds.

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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.

Analyst Recommendations for Heartland Express (NASDAQ:HTLD)

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