Shares of Heartland Express, Inc. (NASDAQ:HTLD – Get Free Report) have been assigned a consensus rating of “Hold” from the seven brokerages that are currently covering the company, MarketBeat reports. Three investment analysts have rated the stock with a sell rating, two have issued a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $13.00.
Several brokerages have recently issued reports on HTLD. UBS Group upped their price target on Heartland Express from $12.00 to $13.00 and gave the company a “neutral” rating in a research note on Thursday, August 6th. Wall Street Zen raised Heartland Express from a “hold” rating to a “buy” rating in a report on Saturday, August 1st. JPMorgan Chase & Co. upped their target price on shares of Heartland Express from $11.00 to $12.00 and gave the company an “underweight” rating in a research report on Friday, July 31st. Barclays reduced their target price on shares of Heartland Express from $14.00 to $12.00 and set an “underweight” rating on the stock in a research note on Thursday, August 13th. Finally, Zacks Research raised shares of Heartland Express from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 13th.
Read Our Latest Stock Report on Heartland Express
Heartland Express Stock Performance
Heartland Express (NASDAQ:HTLD – Get Free Report) last announced its quarterly earnings data on Wednesday, August 5th. The transportation company reported $0.14 EPS for the quarter. The firm had revenue of $152.38 million for the quarter, compared to analyst estimates of $185.08 million. Heartland Express had a negative return on equity of 0.92% and a negative net margin of 2.98%.The business’s quarterly revenue was down 12.5% compared to the same quarter last year. During the same period last year, the company earned ($0.14) EPS. Analysts forecast that Heartland Express will post 0.19 EPS for the current year.
Insiders Place Their Bets
In other Heartland Express news, Director David Millis sold 31,402 shares of the stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $15.67, for a total value of $492,069.34. Following the transaction, the director owned 28,387 shares of the company’s stock, valued at approximately $444,824.29. This represents a 52.52% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 41.60% of the company’s stock.
Institutional Trading of Heartland Express
A number of institutional investors and hedge funds have recently modified their holdings of the stock. Corient Private Wealth LP acquired a new stake in shares of Heartland Express in the 2nd quarter valued at approximately $165,000. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in Heartland Express in the second quarter valued at approximately $976,000. California State Teachers Retirement System increased its stake in Heartland Express by 1,408.0% in the second quarter. California State Teachers Retirement System now owns 665,540 shares of the transportation company’s stock valued at $10,130,000 after purchasing an additional 621,406 shares in the last quarter. Susquehanna International Group LLP raised its holdings in Heartland Express by 13.0% in the second quarter. Susquehanna International Group LLP now owns 27,476 shares of the transportation company’s stock worth $418,000 after purchasing an additional 3,165 shares during the period. Finally, Empowered Funds LLC acquired a new stake in Heartland Express in the second quarter worth $5,425,000. 53.45% of the stock is owned by institutional investors.
Heartland Express Company Profile
Heartland Express, Inc (NASDAQ: HTLD) is a publicly traded truckload carrier headquartered in North Liberty, Iowa. The company specializes in full truckload transportation, offering dry-van services that connect shippers with customers across the continental United States. Its primary focus is on over-the-road freight movements, serving industries such as manufacturing, retail, and consumer goods.
Founded in 1978 as Heartland Motor Freight, the company has grown from a regional carrier into one of the larger U.S.
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