Heartland Express, Inc. (NASDAQ:HTLD)’s share price rose 6.1% during mid-day trading on Tuesday . The stock traded as high as $21.53 and last traded at $21.35. Approximately 1,451,044 shares traded hands during mid-day trading, an increase of 159% from the average daily volume of 561,275 shares. The stock had previously closed at $20.12.

HTLD has been the topic of several recent research reports. TheStreet upgraded Heartland Express from a “c” rating to a “b-” rating in a research report on Monday. BidaskClub upgraded Heartland Express from a “hold” rating to a “buy” rating in a research report on Wednesday, December 27th. Zacks Investment Research upgraded Heartland Express from a “sell” rating to a “hold” rating in a research report on Tuesday, January 9th. UBS Group boosted their price target on Heartland Express from $22.00 to $23.00 and gave the company a “neutral” rating in a research report on Monday, October 30th. Finally, JPMorgan Chase & Co. dropped their price target on Heartland Express from $24.00 to $22.00 and set an “underweight” rating on the stock in a research report on Wednesday. Four equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company. Heartland Express currently has a consensus rating of “Hold” and a consensus target price of $24.33.

The company has a market cap of $1,778.52, a PE ratio of 41.86, a PEG ratio of 1.85 and a beta of 0.47.

Heartland Express (NASDAQ:HTLD) last released its earnings results on Monday, February 12th. The transportation company reported $0.07 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ 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 previous year, the firm posted $0.16 EPS. The business’s revenue for the quarter was up 17.9% on a year-over-year basis. equities analysts forecast that Heartland Express, Inc. will post 0.77 earnings per share for the current year.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in HTLD. ArrowMark Colorado Holdings LLC increased its position 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 purchasing an additional 749,703 shares during the period. 1060 Capital LLC acquired a new position in Heartland Express during the 4th quarter worth approximately $13,648,000. OppenheimerFunds Inc. increased its position 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 purchasing an additional 441,402 shares during the period. Gilder Gagnon Howe & Co. LLC acquired a new position in Heartland Express during the 3rd quarter worth approximately $9,097,000. Finally, Standard Life Aberdeen plc increased its position 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 purchasing an additional 315,143 shares during the period. Institutional investors own 59.44% of the company’s stock.

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About Heartland Express

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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