Analysts Set Heartland Express, Inc. (NASDAQ:HTLD) Target Price at $13.25

Shares of Heartland Express, Inc. (NASDAQ:HTLDGet Free Report) have been assigned a consensus recommendation of “Reduce” from the four brokerages that are currently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation and three have assigned a hold recommendation to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $13.25.

HTLD has been the topic of several analyst reports. Barclays dropped their target price on shares of Heartland Express from $11.00 to $10.00 and set an “underweight” rating on the stock in a research report on Tuesday, April 30th. JPMorgan Chase & Co. decreased their price target on shares of Heartland Express from $13.00 to $12.00 and set a “neutral” rating for the company in a report on Wednesday, April 24th. Finally, StockNews.com cut shares of Heartland Express from a “hold” rating to a “sell” rating in a report on Wednesday, April 24th.

Read Our Latest Analysis on Heartland Express

Heartland Express Stock Performance

Heartland Express stock opened at $11.86 on Friday. The firm’s 50 day simple moving average is $11.15 and its 200-day simple moving average is $12.22. The company has a market cap of $937.53 million, a P/E ratio of -69.76 and a beta of 0.67. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.26 and a quick ratio of 1.26. Heartland Express has a fifty-two week low of $9.63 and a fifty-two week high of $17.08.

Heartland Express (NASDAQ:HTLDGet Free Report) last released its earnings results on Tuesday, April 23rd. The transportation company reported ($0.19) earnings per share for the quarter, missing the consensus estimate of ($0.12) by ($0.07). The firm had revenue of $270.30 million during the quarter, compared to analysts’ expectations of $263.92 million. Heartland Express had a negative return on equity of 1.50% and a negative net margin of 1.13%. The business’s revenue was down 18.3% on a year-over-year basis. During the same period last year, the business earned $0.16 earnings per share. As a group, equities research analysts predict that Heartland Express will post -0.13 EPS for the current year.

Heartland Express Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 5th. Shareholders of record on Tuesday, June 25th will be given a $0.02 dividend. This represents a $0.08 annualized dividend and a yield of 0.67%. The ex-dividend date of this dividend is Tuesday, June 25th. Heartland Express’s dividend payout ratio is -47.06%.

Insiders Place Their Bets

In other Heartland Express news, Director James G. Pratt bought 9,000 shares of the firm’s stock in a transaction on Wednesday, June 12th. The stock was bought at an average cost of $11.96 per share, with a total value of $107,640.00. Following the completion of the transaction, the director now directly owns 23,429 shares of the company’s stock, valued at approximately $280,210.84. The purchase was disclosed in a document filed with the SEC, which is available through this link. In other Heartland Express news, Director James G. Pratt bought 9,000 shares of the firm’s stock in a transaction on Wednesday, June 12th. The stock was bought at an average cost of $11.96 per share, with a total value of $107,640.00. Following the completion of the transaction, the director now directly owns 23,429 shares of the company’s stock, valued at approximately $280,210.84. The purchase was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Michael J. Gerdin bought 31,200 shares of the firm’s stock in a transaction on Monday, April 29th. The stock was acquired at an average cost of $9.97 per share, with a total value of $311,064.00. Following the completion of the transaction, the chief executive officer now directly owns 88,909 shares of the company’s stock, valued at $886,422.73. The disclosure for this purchase can be found here. Insiders acquired 405,490 shares of company stock valued at $4,237,451 over the last ninety days. Corporate insiders own 39.60% of the company’s stock.

Institutional Trading of Heartland Express

Large investors have recently modified their holdings of the company. EntryPoint Capital LLC bought a new stake in shares of Heartland Express during the 1st quarter worth $62,000. Inspire Advisors LLC boosted its holdings in shares of Heartland Express by 23.3% during the 1st quarter. Inspire Advisors LLC now owns 14,715 shares of the transportation company’s stock worth $176,000 after buying an additional 2,779 shares during the period. Graham Capital Management L.P. bought a new stake in shares of Heartland Express during the 3rd quarter worth $244,000. Dark Forest Capital Management LP bought a new stake in shares of Heartland Express during the 3rd quarter worth $258,000. Finally, Louisiana State Employees Retirement System bought a new stake in shares of Heartland Express during the 4th quarter worth $327,000. 53.45% of the stock is owned by institutional investors.

About Heartland Express

(Get Free Report

Heartland Express, Inc, together with its subsidiaries, operates as a short-to-medium, and long-haul truckload carrier in the United States and Canada. It primarily provides nationwide asset-based dry van truckload service for shippers; cross-border freight and other transportation services; and temperature-controlled truckload services.

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