Heartland Express (NASDAQ:HTLD) Raised to “Hold” at ValuEngine
Several other brokerages have also issued reports on HTLD. BidaskClub lowered Heartland Express from a buy rating to a hold rating in a research report on Thursday, September 19th. Robert W. Baird set a $21.00 target price on Heartland Express and gave the company a hold rating in a research report on Friday, July 19th. Seaport Global Securities raised Heartland Express from a neutral rating to a buy rating and set a $25.00 target price on the stock in a research report on Thursday, September 5th. Morgan Stanley upped their target price on Heartland Express from $15.00 to $16.00 and gave the company an underweight rating in a research report on Monday, October 7th. Finally, UBS Group upped their target price on Heartland Express from $20.00 to $23.00 and gave the company a neutral rating in a research report on Friday, October 11th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the company. The stock presently has an average rating of Hold and an average price target of $20.86.
Shares of NASDAQ:HTLD opened at $22.36 on Friday. The business’s 50-day moving average is $21.49 and its 200 day moving average is $19.79. Heartland Express has a 1 year low of $17.00 and a 1 year high of $22.55. The firm has a market capitalization of $1.81 billion, a P/E ratio of 25.41 and a beta of 0.78.
In other news, Director Larry J. Gordon sold 44,944 shares of the stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $22.12, for a total value 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 Securities & Exchange Commission, which can be accessed through the SEC website. 42.80% of the stock is currently owned by corporate insiders.
Hedge funds have recently made changes to their positions in the company. Bessemer Group Inc. acquired a new position in shares of Heartland Express in the second quarter valued at about $106,000. Envestnet Asset Management Inc. acquired a new position in shares of Heartland Express in the second quarter valued at about $273,000. Bank of Montreal Can increased its holdings in shares of Heartland Express by 92.3% in the second quarter. Bank of Montreal Can now owns 7,927 shares of the transportation company’s stock valued at $143,000 after purchasing an additional 3,805 shares during the period. SG Americas Securities LLC acquired a new position in shares of Heartland Express in the second quarter valued at about $231,000. Finally, BBT Capital Management LLC increased its holdings in shares of Heartland Express by 31.6% in the second quarter. BBT Capital Management LLC now owns 29,315 shares of the transportation company’s stock valued at $530,000 after purchasing an additional 7,045 shares during the period. 56.31% of the stock is currently owned by institutional investors and hedge funds.
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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