Heartland Express (NASDAQ:HTLD) Downgraded by BidaskClub

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

Other equities research analysts have also recently issued reports about the stock. UBS Group increased their price objective on shares of Heartland Express from $20.00 to $23.00 and gave the company a neutral rating in a research note on Friday, October 11th. ValuEngine raised shares of Heartland Express from a sell rating to a hold rating in a report on Saturday, October 19th. Zacks Investment Research upgraded shares of Heartland Express from a strong sell rating to a hold rating in a research report on Wednesday, December 4th. Seaport Global Securities raised shares of Heartland Express from a neutral rating to a buy rating and set a $25.00 target price for the company in a research note on Thursday, September 5th. Finally, Barclays reiterated a sell rating and set a $18.00 price target on shares of Heartland Express in a report on Thursday, October 3rd. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and a consensus target price of $20.86.

HTLD opened at $20.93 on Friday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.29 and a current ratio of 2.29. The company has a market cap of $1.72 billion, a price-to-earnings ratio of 23.78 and a beta of 0.76. Heartland Express has a one year low of $17.00 and a one year high of $22.71. The business’s fifty day moving average is $21.66 and its two-hundred day moving average is $20.21.

Heartland Express (NASDAQ:HTLD) last announced its quarterly earnings results on Wednesday, October 30th. The transportation company reported $0.25 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.25. The business had revenue of $147.91 million during the quarter, compared to analysts’ expectations of $147.02 million. Heartland Express had a return on equity of 12.84% and a net margin of 14.33%. The business’s revenue for the quarter was down 2.2% on a year-over-year basis. During the same quarter last year, the business posted $0.23 earnings per share. On average, analysts predict that Heartland Express will post 1 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Tuesday, December 10th will be issued a $0.02 dividend. The ex-dividend date of this dividend is Monday, December 9th. This represents a $0.08 annualized dividend and a yield of 0.38%. Heartland Express’s payout ratio is 9.09%.

In other Heartland Express news, Director Larry J. Gordon sold 44,944 shares of Heartland Express stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $22.12, for a total transaction of $994,161.28. Following the transaction, the director now directly owns 303,159 shares of the company’s stock, valued at $6,705,877.08. The sale was disclosed in a filing with the SEC, which is available at this link. Insiders own 42.80% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the company. KBC Group NV acquired a new position in shares of Heartland Express during the 2nd quarter valued at $55,000. Russell Investments Group Ltd. acquired a new stake in Heartland Express in the 3rd quarter valued at $79,000. Royal Bank of Canada increased its holdings in Heartland Express by 18.7% in the 2nd quarter. Royal Bank of Canada now owns 6,663 shares of the transportation company’s stock valued at $120,000 after purchasing an additional 1,048 shares in the last quarter. Strs Ohio acquired a new stake in Heartland Express in the 3rd quarter valued at $122,000. Finally, Point72 Asset Management L.P. purchased a new position in Heartland Express in the third quarter valued at about $136,000. 55.23% 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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