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.
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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