Shares of Heartland Express Inc. (NASDAQ:HTLD) have been given a consensus recommendation of “Hold” by the twenty-one ratings firms that are presently covering the company. Six analysts have rated the stock with a sell rating, eleven have assigned a hold rating and three have issued a buy rating on the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $16.71.

HTLD has been the subject of several research reports. BMO Capital Markets reiterated a “market perform” rating and issued a $13.00 target price (down previously from $14.00) on shares of Heartland Express in a research report on Friday, August 26th. Wolfe Research reiterated a “market perform” rating and issued a $13.00 target price (down previously from $15.00) on shares of Heartland Express in a research report on Friday, August 26th. Deutsche Bank AG reiterated a “hold” rating on shares of Heartland Express in a research report on Thursday, August 25th. MKM Partners reiterated a “neutral” rating and issued a $13.00 target price (down previously from $15.00) on shares of Heartland Express in a research report on Friday, August 26th. Finally, FBR & Co restated a “market perform” rating and set a $13.00 price objective (down previously from $18.00) on shares of Heartland Express in a research report on Friday, August 26th.

In other news, EVP John P. Cosaert sold 4,000 shares of the business’s stock in a transaction on Wednesday, August 24th. The stock was sold at an average price of $19.85, for a total value of $79,400.00. Following the sale, the executive vice president now owns 64,814 shares of the company’s stock, valued at approximately $1,286,557.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 45.30% of the stock is owned by insiders.

Several hedge funds have recently bought and sold shares of HTLD. JPMorgan Chase & Co. increased its stake in Heartland Express by 148.0% in the first quarter. JPMorgan Chase & Co. now owns 240,145 shares of the company’s stock worth $4,455,000 after buying an additional 143,327 shares in the last quarter. Sprucegrove Investment Management Ltd. increased its stake in Heartland Express by 2.3% in the second quarter. Sprucegrove Investment Management Ltd. now owns 131,473 shares of the company’s stock worth $2,286,000 after buying an additional 2,900 shares in the last quarter. BlackRock Group LTD increased its stake in Heartland Express by 4.6% in the first quarter. BlackRock Group LTD now owns 75,529 shares of the company’s stock worth $1,401,000 after buying an additional 3,290 shares in the last quarter. Kennedy Capital Management Inc. increased its stake in Heartland Express by 27.0% in the first quarter. Kennedy Capital Management Inc. now owns 480,230 shares of the company’s stock worth $8,908,000 after buying an additional 102,210 shares in the last quarter. Finally, Aperio Group LLC increased its stake in Heartland Express by 56.0% in the first quarter. Aperio Group LLC now owns 28,919 shares of the company’s stock worth $536,000 after buying an additional 10,382 shares in the last quarter. 61.06% of the stock is currently owned by institutional investors.

Heartland Express (NASDAQ:HTLD) traded up 1.357% on Tuesday, reaching $18.295. The company’s stock had a trading volume of 178,034 shares. The firm has a market capitalization of $1.52 billion, a P/E ratio of 24.756 and a beta of 0.25. Heartland Express has a 52-week low of $15.36 and a 52-week high of $21.95. The firm has a 50-day moving average price of $18.89 and a 200 day moving average price of $18.30.

Heartland Express (NASDAQ:HTLD) last issued its earnings results on Thursday, July 28th. The company reported $0.20 EPS for the quarter, hitting the consensus estimate of $0.20. The company earned $160.80 million during the quarter, compared to analyst estimates of $167.94 million. Heartland Express had a return on equity of 13.14% and a net margin of 9.24%. The business’s revenue was down 16.1% on a year-over-year basis. During the same quarter last year, the firm earned $0.27 EPS. Equities analysts anticipate that Heartland Express will post $0.71 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, October 3rd. Stockholders of record on Friday, September 23rd were paid a $0.02 dividend. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.44%. The ex-dividend date was Wednesday, September 21st. Heartland Express’s dividend payout ratio is presently 10.81%.

About Heartland Express

Heartland Express, Inc (Heartland) is a holding company. The Company owns all of the stock of Heartland Express Inc of Iowa, Gordon Trucking, Inc, Heartland Express Services, Inc, Heartland Express Maintenance Services, Inc and A & M Express, Inc It provides transportation services to shippers spanning from Washington to Florida and New England to California, as well as parts of Canada.

5 Day Chart for NASDAQ:HTLD

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