Heartland Express, Inc. (HTLD) Upgraded to B at TheStreet
Several other equities analysts have also issued reports on the company. BidaskClub raised Heartland Express from a sell rating to a hold rating in a research note on Saturday, August 12th. Zacks Investment Research lowered Heartland Express from a buy rating to a hold rating in a research note on Friday, July 28th. Morgan Stanley reissued an underweight rating on shares of Heartland Express in a research note on Tuesday, July 11th. Stifel Nicolaus reissued a hold rating and set a $23.00 target price (up previously from $19.00) on shares of Heartland Express in a research note on Monday, July 10th. Finally, UBS AG raised Heartland Express from a sell rating to a neutral rating and increased their target price for the stock from $20.00 to $22.00 in a research note on Monday, July 10th. Two analysts have rated the stock with a sell rating and seven have given a hold rating to the company’s stock. The stock currently has a consensus rating of Hold and an average price target of $20.80.
Heartland Express (HTLD) traded down 1.771% on Thursday, hitting $22.465. The stock had a trading volume of 189,604 shares. Heartland Express has a 12 month low of $17.06 and a 12 month high of $22.98. The company has a market cap of $1.87 billion, a PE ratio of 34.562 and a beta of 0.53. The company has a 50-day moving average of $21.37 and a 200 day moving average of $20.51.
Heartland Express (NASDAQ:HTLD) last announced its quarterly earnings results on Wednesday, August 2nd. The transportation company reported $0.18 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.19 by $0.01. Heartland Express had a net margin of 9.89% and a return on equity of 10.60%. The business had revenue of $129.62 million during the quarter, compared to analyst estimates of $139.89 million. During the same period last year, the company earned $0.20 EPS. The business’s revenue for the quarter was down 19.4% on a year-over-year basis. On average, analysts predict that Heartland Express will post $0.70 EPS for the current fiscal year.
Hedge funds have recently bought and sold shares of the business. Trexquant Investment LP acquired a new stake in Heartland Express in the 1st quarter valued at about $978,000. Schwab Charles Investment Management Inc. raised its position in Heartland Express by 6.7% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 286,244 shares of the transportation company’s stock valued at $5,740,000 after purchasing an additional 18,000 shares in the last quarter. Teachers Advisors LLC raised its position in Heartland Express by 5.3% in the 1st quarter. Teachers Advisors LLC now owns 81,169 shares of the transportation company’s stock valued at $1,627,000 after purchasing an additional 4,066 shares in the last quarter. Thrivent Financial For Lutherans raised its position in Heartland Express by 4.5% in the 1st quarter. Thrivent Financial For Lutherans now owns 24,408 shares of the transportation company’s stock valued at $489,000 after purchasing an additional 1,060 shares in the last quarter. Finally, Oxford Asset Management acquired a new stake in Heartland Express in the 1st quarter valued at about $348,000. 60.91% of the stock is currently owned by institutional investors.
Heartland Express Company Profile
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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