Heartland Express, Inc. (HTLD) Stock Rating Lowered by TheStreet
Heartland Express, Inc. (NASDAQ:HTLD) was downgraded by investment analysts at TheStreet from a “b” rating to a “c” rating in a report issued on Friday.
A number of other equities research analysts have also recently commented on HTLD. BidaskClub upgraded Heartland Express from a “buy” rating to a “strong-buy” rating in a report on Saturday, July 1st. Zacks Investment Research cut Heartland Express from a “buy” rating to a “sell” rating in a report on Monday, July 3rd. UBS AG upgraded Heartland Express from a “sell” rating to a “neutral” rating and increased their target price for the company from $20.00 to $22.00 in a report on Monday, July 10th. Stifel Nicolaus reiterated a “hold” rating and set a $23.00 target price (up previously from $19.00) on shares of Heartland Express in a report on Monday, July 10th. Finally, Morgan Stanley reiterated an “underweight” rating on shares of Heartland Express in a report on Tuesday, July 11th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $23.83.
Shares of Heartland Express (HTLD) traded up 0.33% during mid-day trading on Friday, hitting $21.38. The stock had a trading volume of 163,813 shares. The stock has a 50 day moving average price of $23.32 and a 200-day moving average price of $21.35. Heartland Express has a 52-week low of $17.94 and a 52-week high of $25.22. The company has a market cap of $1.78 billion, a PE ratio of 32.89 and a beta of 0.54.
Heartland Express (NASDAQ:HTLD) last announced its earnings results on Friday, October 27th. The transportation company reported $0.09 EPS for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.08). The company had revenue of $182.10 million for the quarter, compared to analyst estimates of $205.81 million. Heartland Express had a net margin of 8.54% and a return on equity of 9.58%. Heartland Express’s quarterly revenue was up 22.0% compared to the same quarter last year. During the same quarter last year, the company posted $0.15 EPS. On average, equities analysts expect that Heartland Express will post $0.69 earnings per share for the current fiscal year.
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In other news, EVP John P. Cosaert sold 7,146 shares of the firm’s stock in a transaction on Monday, September 11th. The stock was sold at an average price of $22.54, for a total transaction of $161,070.84. Following the sale, the executive vice president now owns 57,668 shares in the company, valued at $1,299,836.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 42.10% of the stock is owned by company insiders.
Hedge funds have recently bought and sold shares of the company. Pinebridge Investments L.P. boosted its holdings in shares of Heartland Express by 1.0% during the second quarter. Pinebridge Investments L.P. now owns 5,707 shares of the transportation company’s stock worth $119,000 after purchasing an additional 58 shares during the last quarter. State of Alaska Department of Revenue boosted its holdings in shares of Heartland Express by 78.8% during the second quarter. State of Alaska Department of Revenue now owns 8,546 shares of the transportation company’s stock worth $177,000 after purchasing an additional 3,766 shares during the last quarter. Crossmark Global Holdings Inc. acquired a new stake in shares of Heartland Express during the third quarter worth $238,000. Municipal Employees Retirement System of Michigan boosted its holdings in shares of Heartland Express by 1.6% during the first quarter. Municipal Employees Retirement System of Michigan now owns 9,890 shares of the transportation company’s stock worth $198,000 after purchasing an additional 160 shares during the last quarter. Finally, Victory Capital Management Inc. boosted its holdings in shares of Heartland Express by 17.6% during the second quarter. Victory Capital Management Inc. now owns 10,005 shares of the transportation company’s stock worth $208,000 after purchasing an additional 1,500 shares during the last quarter. Institutional investors and hedge funds own 60.13% of the company’s stock.
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.
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