Heartland Express, Inc. (NASDAQ:HTLD - Get Free Report) gapped up before the market opened on Friday . The stock had previously closed at $8.57, but opened at $8.76. Heartland Express shares last traded at $8.31, with a volume of 27,716 shares changing hands.
Analyst Upgrades and Downgrades
Separately, Barclays reduced their target price on Heartland Express from $11.00 to $9.00 and set an "underweight" rating for the company in a report on Wednesday, April 2nd.
Get Our Latest Report on Heartland Express
Heartland Express Stock Performance
The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.17 and a current ratio of 1.08. The stock's 50-day simple moving average is $10.09 and its two-hundred day simple moving average is $11.11. The stock has a market cap of $687.14 million, a price-to-earnings ratio of -23.65 and a beta of 0.97.
Heartland Express (NASDAQ:HTLD - Get Free Report) last posted its quarterly earnings data on Tuesday, January 28th. The transportation company reported ($0.02) earnings per share for the quarter, topping the consensus estimate of ($0.04) by $0.02. Heartland Express had a negative return on equity of 3.57% and a negative net margin of 2.84%. Analysts forecast that Heartland Express, Inc. will post 0.17 earnings per share for the current year.
Heartland Express Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 4th. Stockholders of record on Tuesday, March 25th were given a $0.02 dividend. The ex-dividend date of this dividend was Tuesday, March 25th. This represents a $0.08 annualized dividend and a dividend yield of 0.91%. Heartland Express's dividend payout ratio is -21.62%.
Hedge Funds Weigh In On Heartland Express
A number of institutional investors and hedge funds have recently bought and sold shares of HTLD. Parallel Advisors LLC grew its position in Heartland Express by 173.8% in the 1st quarter. Parallel Advisors LLC now owns 2,719 shares of the transportation company's stock worth $25,000 after purchasing an additional 1,726 shares during the last quarter. Headlands Technologies LLC acquired a new stake in Heartland Express during the fourth quarter worth about $42,000. R Squared Ltd acquired a new stake in Heartland Express during the fourth quarter worth about $75,000. Meeder Asset Management Inc. bought a new position in Heartland Express during the fourth quarter valued at about $79,000. Finally, KLP Kapitalforvaltning AS acquired a new position in Heartland Express in the 4th quarter valued at approximately $105,000. Institutional investors own 53.45% of the company's stock.
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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