Heartland Express (HTLD) Sees Strong Trading Volume
Heartland Express, Inc. (NASDAQ:HTLD) shares saw an uptick in trading volume on Monday . 889,623 shares were traded during trading, an increase of 112% from the previous session’s volume of 419,405 shares.The stock last traded at $23.70 and had previously closed at $23.22.
Several brokerages have weighed in on HTLD. Zacks Investment Research raised Heartland Express from a “sell” rating to a “hold” rating in a research report on Tuesday. BidaskClub cut Heartland Express from a “buy” rating to a “hold” rating in a research report on Saturday. Robert W. Baird restated a “hold” rating and set a $26.00 target price on shares of Heartland Express in a research report on Friday, October 6th. Barclays dropped their target price on Heartland Express from $21.00 to $20.00 and set an “underweight” rating on the stock in a research report on Wednesday, November 1st. Finally, Stifel Nicolaus upgraded Heartland Express from a “hold” rating to a “buy” rating and raised their target price for the company from $22.00 to $28.00 in a research report on Friday, September 29th. Three research analysts have rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $24.17.
The company has a market capitalization of $1,970.00, a PE ratio of 39.10, a P/E/G ratio of 2.21 and a beta of 0.55.
Heartland Express (NASDAQ:HTLD) last posted its earnings results on Friday, October 27th. The transportation company reported $0.09 EPS for the quarter, missing the Zacks’ consensus estimate of $0.17 by ($0.08). The business had revenue of $182.10 million for the quarter, compared to analyst estimates of $205.81 million. Heartland Express had a net margin of 8.54% and a return on equity of 9.50%. Heartland Express’s revenue was up 22.0% on a year-over-year basis. During the same quarter last year, the business earned $0.15 earnings per share. equities research analysts forecast that Heartland Express, Inc. will post 0.55 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, December 22nd. Investors of record on Tuesday, December 12th were paid a $0.02 dividend. This represents a $0.08 dividend on an annualized basis and a yield of 0.34%. The ex-dividend date was Monday, December 11th. Heartland Express’s dividend payout ratio is presently 13.33%.
A number of institutional investors have recently modified their holdings of HTLD. Schwab Charles Investment Management Inc. lifted its stake in Heartland Express by 4.0% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 297,820 shares of the transportation company’s stock valued at $6,201,000 after buying an additional 11,576 shares in the last quarter. Rhumbline Advisers lifted its stake in Heartland Express by 0.9% in the 2nd quarter. Rhumbline Advisers now owns 90,845 shares of the transportation company’s stock valued at $1,891,000 after buying an additional 817 shares in the last quarter. SG Americas Securities LLC lifted its stake in Heartland Express by 107.0% in the 2nd quarter. SG Americas Securities LLC now owns 14,261 shares of the transportation company’s stock valued at $297,000 after buying an additional 7,372 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in Heartland Express by 11.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 671,377 shares of the transportation company’s stock valued at $13,978,000 after buying an additional 67,279 shares in the last quarter. Finally, Legal & General Group Plc lifted its stake in Heartland Express by 8.6% in the 2nd quarter. Legal & General Group Plc now owns 87,504 shares of the transportation company’s stock valued at $1,822,000 after buying an additional 6,943 shares in the last quarter. 59.28% of the stock is currently owned by hedge funds and other institutional investors.
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About Heartland Express
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.
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