Shares of Heartland Express, Inc. (NASDAQ:HTLD) have been assigned an average recommendation of “Hold” from the eleven analysts that are presently covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating on the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $19.17.
Several brokerages have issued reports on HTLD. Zacks Investment Research cut Heartland Express from a “buy” rating to a “hold” rating in a report on Wednesday, January 16th. BidaskClub upgraded Heartland Express from a “hold” rating to a “buy” rating in a report on Tuesday, February 5th. ValuEngine upgraded Heartland Express from a “sell” rating to a “hold” rating in a report on Thursday, October 18th. Finally, Stephens restated a “hold” rating and issued a $21.00 target price on shares of Heartland Express in a report on Sunday, January 27th.
Large investors have recently modified their holdings of the business. Vanguard Group Inc boosted its holdings in Heartland Express by 2.0% during the 3rd quarter. Vanguard Group Inc now owns 4,661,673 shares of the transportation company’s stock valued at $91,974,000 after acquiring an additional 90,795 shares during the period. MetLife Investment Advisors LLC boosted its holdings in Heartland Express by 54.0% during the 3rd quarter. MetLife Investment Advisors LLC now owns 34,509 shares of the transportation company’s stock valued at $681,000 after acquiring an additional 12,099 shares during the period. First Trust Advisors LP boosted its holdings in Heartland Express by 18.3% during the 3rd quarter. First Trust Advisors LP now owns 127,981 shares of the transportation company’s stock valued at $2,525,000 after acquiring an additional 19,813 shares during the period. Victory Capital Management Inc. boosted its holdings in Heartland Express by 26.8% during the 3rd quarter. Victory Capital Management Inc. now owns 23,885 shares of the transportation company’s stock valued at $471,000 after acquiring an additional 5,049 shares during the period. Finally, Hsbc Holdings PLC purchased a new position in Heartland Express during the 3rd quarter valued at about $801,000. Institutional investors own 60.53% of the company’s stock.
NASDAQ HTLD traded up $0.06 during mid-day trading on Wednesday, hitting $20.23. The stock had a trading volume of 3,495 shares, compared to its average volume of 369,337. Heartland Express has a twelve month low of $17.00 and a twelve month high of $22.05. The company has a market cap of $1.65 billion, a P/E ratio of 22.86, a P/E/G ratio of 1.41 and a beta of 0.73.
Heartland Express (NASDAQ:HTLD) last posted its quarterly earnings data on Tuesday, January 22nd. The transportation company reported $0.27 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.24 by $0.03. Heartland Express had a return on equity of 12.38% and a net margin of 11.90%. The firm had revenue of $147.00 million during the quarter, compared to the consensus estimate of $152.69 million. During the same period in the prior year, the company earned $0.07 EPS. The firm’s revenue was down 11.3% compared to the same quarter last year. On average, research analysts predict that Heartland Express will post 0.96 EPS for the current fiscal year.
About Heartland Express
Heartland Express, Inc, through 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 transportation services.
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