Heartland Express (NASDAQ:HTLD) was downgraded by BidaskClub from a “hold” rating to a “sell” rating in a research note issued to investors on Friday.

Other equities research analysts also recently issued research reports about the company. ValuEngine downgraded Heartland Express from a “hold” rating to a “sell” rating in a report on Monday, July 2nd. Robert W. Baird reiterated a “hold” rating and issued a $20.00 price objective on shares of Heartland Express in a report on Friday, July 20th. Zacks Investment Research upgraded Heartland Express from a “hold” rating to a “buy” rating and set a $23.00 price objective for the company in a report on Wednesday, August 22nd. Stifel Nicolaus reiterated a “hold” rating and issued a $19.00 price objective on shares of Heartland Express in a report on Friday, July 20th. Finally, Morgan Stanley upped their price objective on Heartland Express from $14.00 to $15.00 and gave the company an “underweight” rating in a report on Monday, July 23rd. Five equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company. Heartland Express presently has a consensus rating of “Hold” and a consensus price target of $20.13.

NASDAQ HTLD opened at $19.98 on Friday. The stock has a market capitalization of $1.64 billion, a P/E ratio of 37.00, a P/E/G ratio of 1.66 and a beta of 0.63. Heartland Express has a 12 month low of $17.38 and a 12 month high of $25.22.

Heartland Express (NASDAQ:HTLD) last released its quarterly earnings data on Thursday, July 19th. The transportation company reported $0.22 EPS for the quarter, beating analysts’ consensus estimates of $0.18 by $0.04. The business had revenue of $155.80 million during the quarter, compared to the consensus estimate of $160.07 million. Heartland Express had a return on equity of 7.88% and a net margin of 11.77%. The firm’s revenue was up 20.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.18 earnings per share. equities analysts expect that Heartland Express will post 0.8 EPS for the current fiscal year.

In other Heartland Express news, Director Larry J. Gordon sold 29,054 shares of the stock in a transaction dated Wednesday, September 12th. The stock was sold at an average price of $21.00, for a total value of $610,134.00. Following the completion of the sale, the director now directly owns 352,493 shares in the company, valued at $7,402,353. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Larry J. Gordon sold 4,390 shares of the stock in a transaction dated Friday, September 14th. The stock was sold at an average price of $21.03, for a total value of $92,321.70. Following the completion of the sale, the director now owns 348,103 shares of the company’s stock, valued at $7,320,606.09. The disclosure for this sale can be found here. 42.10% of the stock is owned by corporate insiders.

Several institutional investors have recently made changes to their positions in the business. Northern Trust Corp increased its holdings in shares of Heartland Express by 0.9% in the second quarter. Northern Trust Corp now owns 665,912 shares of the transportation company’s stock worth $12,352,000 after acquiring an additional 5,988 shares in the last quarter. Moody Aldrich Partners LLC increased its holdings in shares of Heartland Express by 74.9% in the second quarter. Moody Aldrich Partners LLC now owns 179,833 shares of the transportation company’s stock worth $3,336,000 after acquiring an additional 76,987 shares in the last quarter. Verition Fund Management LLC bought a new stake in shares of Heartland Express in the second quarter worth about $267,000. Phocas Financial Corp. bought a new stake in shares of Heartland Express in the second quarter worth about $5,487,000. Finally, Dean Capital Management bought a new stake in shares of Heartland Express in the second quarter worth about $1,549,000. Institutional investors own 59.98% of the company’s stock.

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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Analyst Recommendations for Heartland Express (NASDAQ:HTLD)

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