Shares of Heartland Express, Inc. (NASDAQ:HTLD - Get Free Report) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $8.59 and traded as high as $8.61. Heartland Express shares last traded at $8.48, with a volume of 476,992 shares changing hands.
Wall Street Analysts Forecast Growth
A number of research analysts have weighed in on HTLD shares. Morgan Stanley reduced their price target on shares of Heartland Express from $12.00 to $11.00 and set an "equal weight" rating on the stock in a research report on Monday, August 4th. Robert W. Baird reduced their price target on shares of Heartland Express from $9.00 to $8.50 and set a "neutral" rating on the stock in a research report on Monday, July 28th. Barclays dropped their price objective on shares of Heartland Express from $9.00 to $8.00 and set an "underweight" rating on the stock in a research note on Wednesday, August 6th. Finally, Baird R W upgraded shares of Heartland Express to a "hold" rating in a research note on Tuesday, July 1st. Four investment analysts have rated the stock with a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat, Heartland Express has an average rating of "Reduce" and an average target price of $9.70.
Check Out Our Latest Stock Report on HTLD
Heartland Express Stock Down 0.9%
The firm's 50-day moving average price is $8.33 and its 200 day moving average price is $8.59. The firm has a market cap of $656.42 million, a P/E ratio of -18.43 and a beta of 1.09. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.23.
Heartland Express (NASDAQ:HTLD - Get Free Report) last released its quarterly earnings results on Thursday, July 24th. The transportation company reported ($0.14) EPS for the quarter, missing the consensus estimate of ($0.08) by ($0.06). The firm had revenue of $210.39 million for the quarter, compared to the consensus estimate of $229.12 million. Heartland Express had a negative return on equity of 4.42% and a negative net margin of 3.85%.The firm's revenue was down 23.4% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.04) EPS. As a group, research analysts expect that Heartland Express, Inc. will post 0.17 earnings per share for the current year.
Heartland Express Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 3rd. Investors of record on Tuesday, September 23rd will be issued a $0.02 dividend. The ex-dividend date of this dividend is Tuesday, September 23rd. This represents a $0.08 annualized dividend and a yield of 0.9%. Heartland Express's dividend payout ratio is presently -17.39%.
Insiders Place Their Bets
In related news, CEO Michael J. Gerdin acquired 24,798 shares of Heartland Express stock in a transaction that occurred on Monday, August 18th. The stock was acquired at an average price of $8.19 per share, with a total value of $203,095.62. Following the completion of the acquisition, the chief executive officer directly owned 1,491,868 shares of the company's stock, valued at $12,218,398.92. This trade represents a 1.69% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have bought a total of 30,000 shares of company stock valued at $245,752 over the last three months. Corporate insiders own 40.70% of the company's stock.
Institutional Investors Weigh In On Heartland Express
A number of institutional investors and hedge funds have recently bought and sold shares of the business. Texas Permanent School Fund Corp lifted its holdings in Heartland Express by 11.1% in the 2nd quarter. Texas Permanent School Fund Corp now owns 43,226 shares of the transportation company's stock valued at $373,000 after acquiring an additional 4,326 shares during the last quarter. Public Sector Pension Investment Board increased its holdings in shares of Heartland Express by 7.4% in the 2nd quarter. Public Sector Pension Investment Board now owns 147,033 shares of the transportation company's stock valued at $1,270,000 after purchasing an additional 10,108 shares during the period. Headlands Technologies LLC increased its holdings in shares of Heartland Express by 11.7% in the 2nd quarter. Headlands Technologies LLC now owns 14,504 shares of the transportation company's stock valued at $125,000 after purchasing an additional 1,517 shares during the period. Tower Research Capital LLC TRC increased its holdings in shares of Heartland Express by 185.5% in the 2nd quarter. Tower Research Capital LLC TRC now owns 4,673 shares of the transportation company's stock valued at $40,000 after purchasing an additional 3,036 shares during the period. Finally, Oxford Asset Management LLP acquired a new position in shares of Heartland Express in the 2nd quarter valued at about $130,000. 53.45% of the stock is owned by institutional investors and hedge funds.
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.
Featured Stories
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Heartland Express, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Heartland Express wasn't on the list.
While Heartland Express currently has a Reduce rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
