BidaskClub downgraded shares of Heartland Express, Inc. (NASDAQ:HTLD) from a buy rating to a hold rating in a report published on Friday morning.

Other equities research analysts have also recently issued reports about the company. UBS AG upgraded Heartland Express from a sell rating to a neutral rating and upped their price objective for the stock from $20.00 to $22.00 in a research note on Monday, July 10th. TheStreet cut Heartland Express from a b- rating to a c+ rating in a research note on Friday, May 26th. Zacks Investment Research upgraded Heartland Express from a hold rating to a buy rating and set a $24.00 price objective for the company in a research note on Friday, July 21st. Stifel Nicolaus restated a hold rating and set a $23.00 price objective (up from $19.00) on shares of Heartland Express in a research note on Monday, July 10th. Finally, Morgan Stanley restated an underweight rating on shares of Heartland Express in a research note on Tuesday, July 11th. Two investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and one has assigned a buy rating to the stock. The company currently has an average rating of Hold and a consensus target price of $16.55.

Shares of Heartland Express (NASDAQ:HTLD) traded down 0.118% during trading on Friday, hitting $21.105. The stock had a trading volume of 42,876 shares. Heartland Express has a 12 month low of $17.06 and a 12 month high of $22.69. The company has a market cap of $1.76 billion, a P/E ratio of 31.360 and a beta of 0.51. The stock has a 50-day moving average price of $21.16 and a 200 day moving average price of $20.31.

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The firm also recently declared a quarterly dividend, which was paid on Monday, July 3rd. Shareholders of record on Friday, June 23rd were paid a $0.02 dividend. This represents a $0.08 dividend on an annualized basis and a yield of 0.38%. The ex-dividend date of this dividend was Wednesday, June 21st. Heartland Express’s dividend payout ratio (DPR) is presently 11.76%.

Large investors have recently added to or reduced their stakes in the stock. Sei Investments Co. boosted its stake in Heartland Express by 18.7% in the second quarter. Sei Investments Co. now owns 111,480 shares of the transportation company’s stock worth $2,321,000 after buying an additional 17,602 shares during the period. Texas Permanent School Fund boosted its stake in Heartland Express by 0.8% in the second quarter. Texas Permanent School Fund now owns 31,623 shares of the transportation company’s stock worth $658,000 after buying an additional 265 shares during the period. Great West Life Assurance Co. Can boosted its stake in Heartland Express by 4.9% in the second quarter. Great West Life Assurance Co. Can now owns 63,874 shares of the transportation company’s stock worth $1,329,000 after buying an additional 3,000 shares during the period. Municipal Employees Retirement System of Michigan boosted its stake in Heartland Express by 43.1% in the second quarter. Municipal Employees Retirement System of Michigan now owns 14,150 shares of the transportation company’s stock worth $295,000 after buying an additional 4,260 shares during the period. Finally, Aperio Group LLC boosted its stake in Heartland Express by 0.4% in the second quarter. Aperio Group LLC now owns 50,728 shares of the transportation company’s stock worth $1,056,000 after buying an additional 206 shares during the period. Institutional investors own 60.27% of the company’s stock.

Heartland Express Company Profile

Heartland Express, Inc is a holding company. The Company is a short-to-medium haul truckload carrier. The Company focuses primarily on short- to medium-haul, asset-based dry van truckload services in regional markets near its terminals. The Company’s truckload services are primarily asset-based transportation services in the dry van truckload market, and it also offers truckload temperature-controlled transportation services and non-asset based brokerage services.

Analyst Recommendations for Heartland Express (NASDAQ:HTLD)

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