Heartland Express, Inc. (NASDAQ:HTLD) declared a quarterly dividend on Friday, September 11th, Fidelity reports. Shareholders of record on Monday, September 21st will be given a dividend of 0.02 per share by the transportation company on Thursday, October 1st. This represents a $0.08 annualized dividend and a yield of 0.40%. The ex-dividend date of this dividend is Friday, September 18th.

Heartland Express stock opened at $20.03 on Wednesday. The firm has a market cap of $1.63 billion, a price-to-earnings ratio of 24.73 and a beta of 0.51. Heartland Express has a 1 year low of $15.65 and a 1 year high of $22.75. The firm’s 50 day moving average price is $20.53 and its two-hundred day moving average price is $19.88.

Heartland Express (NASDAQ:HTLD) last posted its quarterly earnings data on Thursday, July 16th. The transportation company reported $0.24 earnings per share for the quarter, topping the consensus estimate of $0.14 by $0.10. Heartland Express had a net margin of 10.23% and a return on equity of 9.57%. The firm had revenue of $160.90 million for the quarter, compared to analysts’ expectations of $152.39 million. During the same period in the previous year, the company posted $0.27 EPS. The company’s quarterly revenue was up 13.2% compared to the same quarter last year. Analysts predict that Heartland Express will post 0.82 EPS for the current fiscal year.

In related news, major shareholder Ann S. Gerdin Revocable Trust sold 489,130 shares of the stock in a transaction that occurred on Friday, August 14th. The shares were sold at an average price of $20.02, for a total value of $9,792,382.60. Following the transaction, the insider now directly owns 681,124 shares in the company, valued at $13,636,102.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Michael J. Gerdin sold 3,260,870 shares of the stock in a transaction that occurred on Friday, July 24th. The shares were sold at an average price of $20.02, for a total transaction of $65,282,617.40. Following the completion of the transaction, the insider now owns 681,124 shares in the company, valued at $13,636,102.48. The disclosure for this sale can be found here. Corporate insiders own 43.00% of the company’s stock.

Several research firms recently issued reports on HTLD. Wolfe Research raised shares of Heartland Express from an “underperform” rating to a “peer perform” rating in a research note on Friday, July 17th. BidaskClub upgraded shares of Heartland Express from a “strong sell” rating to a “sell” rating in a research report on Saturday. Zacks Investment Research upgraded 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 report on Tuesday, September 8th. KeyCorp upped their target price on shares of Heartland Express from $24.00 to $26.00 and gave the stock an “overweight” rating in a research report on Friday, July 17th. Finally, Barclays upped their target price on shares of Heartland Express from $17.00 to $19.00 and gave the stock an “underweight” rating in a research report on Wednesday, July 15th. They noted that the move was a valuation call. Three equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company’s stock. Heartland Express currently has a consensus rating of “Hold” and a consensus target price of $21.67.

About Heartland Express

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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Dividend History for Heartland Express (NASDAQ:HTLD)

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