BidaskClub downgraded shares of Heartland Express (NASDAQ:HTLD) from a hold rating to a sell rating in a research report report published on Tuesday, BidAskClub reports.

Other equities analysts have also recently issued research reports about the stock. Stephens set a $112.00 target price on shares of Genesee & Wyoming and gave the stock a hold rating in a report on Monday, July 1st. Zacks Investment Research cut shares of GENEL ENERGY PL/ADR from a hold rating to a sell rating in a report on Thursday, July 4th. Three analysts have rated the stock with a sell rating and five have given a hold rating to the company’s stock. Heartland Express has a consensus rating of Hold and a consensus target price of $19.17.

Shares of NASDAQ HTLD opened at $17.90 on Tuesday. The stock has a 50-day simple moving average of $18.30. Heartland Express has a 52-week low of $17.00 and a 52-week high of $21.66. The company has a market capitalization of $1.45 billion, a PE ratio of 20.34 and a beta of 0.76.

Heartland Express (NASDAQ:HTLD) last issued its earnings results on Thursday, April 18th. The transportation company reported $0.21 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.19 by $0.02. Heartland Express had a net margin of 12.91% and a return on equity of 12.64%. The firm had revenue of $139.54 million for the quarter, compared to analysts’ expectations of $147.43 million. During the same quarter last year, the company posted $0.16 earnings per share. Heartland Express’s revenue was down 11.0% on a year-over-year basis. Analysts forecast that Heartland Express will post 0.95 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Monday, July 1st. Shareholders of record on Friday, June 21st were issued a $0.02 dividend. The ex-dividend date was Thursday, June 20th. This represents a $0.08 dividend on an annualized basis and a yield of 0.45%. Heartland Express’s dividend payout ratio is currently 9.09%.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Granite Investment Partners LLC raised its stake in shares of Heartland Express by 21.9% during the first quarter. Granite Investment Partners LLC now owns 45,400 shares of the transportation company’s stock worth $875,000 after buying an additional 8,156 shares during the last quarter. AlphaCrest Capital Management LLC bought a new stake in shares of Heartland Express during the first quarter worth approximately $894,000. Sawtooth Solutions LLC bought a new stake in shares of Heartland Express during the first quarter worth approximately $390,000. NumerixS Investment Technologies Inc raised its stake in shares of Heartland Express by 51.8% during the first quarter. NumerixS Investment Technologies Inc now owns 4,400 shares of the transportation company’s stock worth $86,000 after buying an additional 1,501 shares during the last quarter. Finally, BBT Capital Management LLC bought a new stake in shares of Heartland Express during the first quarter worth approximately $429,000. 56.52% of the stock is currently owned by institutional investors.

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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Analyst Recommendations for Heartland Express (NASDAQ:HTLD)

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