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.

Heartland Express (NASDAQ:HTLD) last released its earnings results on Thursday, July 19th. The transportation company reported $0.22 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.18 by $0.04. Heartland Express had a net margin of 11.77% and a return on equity of 7.88%. The business had revenue of $155.80 million for the quarter, compared to analyst estimates of $160.07 million. During the same period last year, the company posted $0.18 EPS. The business’s revenue was up 20.2% on a year-over-year basis. As a group, equities analysts anticipate that Heartland Express will post 0.81 earnings per share for the current fiscal year.

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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Analyst Recommendations for Heartland Express (NASDAQ:HTLD)

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