Heartland Express (HTLD) Rating Increased to Sell at BidaskClub
Heartland Express (NASDAQ:HTLD) was upgraded by research analysts at BidaskClub from a “strong sell” rating to a “sell” rating in a report released on Thursday.
A number of other research analysts have also weighed in on HTLD. ValuEngine lowered shares of Heartland Express from a “hold” rating to a “sell” rating in a research note on Monday, July 2nd. Stifel Nicolaus reissued a “hold” rating and issued a $19.00 target price on shares of Heartland Express in a research note on Friday, July 20th. Zacks Investment Research raised shares of Heartland Express from a “hold” rating to a “buy” rating and set a $23.00 target price on the stock in a research note on Monday, July 23rd. Deutsche Bank decreased their target price on shares of Heartland Express from $19.00 to $18.00 and set a “hold” rating on the stock in a research note on Thursday, September 27th. Finally, Robert W. Baird reissued a “hold” rating and issued a $20.00 target price on shares of Heartland Express in a research note on Friday, July 20th. Five research analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $19.89.
Shares of Heartland Express stock opened at $17.90 on Thursday. The stock has a market capitalization of $1.62 billion, a P/E ratio of 35.10, a P/E/G ratio of 1.63 and a beta of 0.64. Heartland Express has a twelve month low of $17.38 and a twelve month high of $24.09.
In other news, Director Larry J. Gordon sold 29,054 shares of Heartland Express stock in a transaction that occurred on Wednesday, September 12th. The shares were sold at an average price of $21.00, for a total transaction of $610,134.00. Following the sale, the director now owns 352,493 shares of the company’s stock, valued at approximately $7,402,353. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Michael John Sullivan purchased 1,500 shares of Heartland Express stock in a transaction dated Tuesday, July 31st. The shares were purchased at an average cost of $19.55 per share, for a total transaction of $29,325.00. Following the transaction, the director now owns 5,402 shares in the company, valued at approximately $105,609.10. The disclosure for this purchase can be found here. 42.10% of the stock is currently owned by insiders.
Hedge funds have recently added to or reduced their stakes in the company. SG Americas Securities LLC purchased a new stake in shares of Heartland Express during the 1st quarter valued at approximately $103,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new stake in shares of Heartland Express during the 2nd quarter valued at approximately $194,000. Xact Kapitalforvaltning AB acquired a new stake in Heartland Express in the 2nd quarter valued at approximately $201,000. Sciencast Management LP acquired a new stake in Heartland Express in the 1st quarter valued at approximately $244,000. Finally, Verition Fund Management LLC acquired a new stake in Heartland Express in the 2nd quarter valued at approximately $267,000. 59.97% of the stock is currently owned by hedge funds and other institutional investors.
About Heartland Express
Heartland Express, Inc, through 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 transportation services.
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