Several other analysts also recently weighed in on HTLD. Zacks Investment Research downgraded GENEL ENERGY PL/ADR from a hold rating to a sell rating in a report on Thursday, July 4th. Stephens set a $112.00 price objective on Genesee & Wyoming and gave the company a hold rating in a report on Monday, July 1st. Three analysts have rated the stock with a sell rating and five have given a hold rating to the company’s stock. The company has an average rating of Hold and a consensus price target of $19.17.
NASDAQ:HTLD opened at $18.60 on Tuesday. Heartland Express has a twelve month low of $17.00 and a twelve month high of $21.66. The company has a market capitalization of $1.46 billion, a P/E ratio of 19.12 and a beta of 0.76. The stock’s fifty day simple moving average is $18.30.
The company also recently disclosed a quarterly dividend, which was paid on Monday, July 1st. Investors of record on Friday, June 21st were issued a $0.02 dividend. The ex-dividend date of this dividend was Thursday, June 20th. This represents a $0.08 annualized dividend and a dividend yield of 0.43%. Heartland Express’s payout ratio is currently 9.09%.
Several hedge funds have recently added to or reduced their stakes in the stock. Resources Investment Advisors Inc. bought a new position in Heartland Express in the fourth quarter worth about $29,000. Liberty Wealth Management LLC bought a new position in Heartland Express in the fourth quarter worth about $36,000. PNC Financial Services Group Inc. raised its holdings in Heartland Express by 60.1% in the fourth quarter. PNC Financial Services Group Inc. now owns 2,105 shares of the transportation company’s stock worth $38,000 after purchasing an additional 790 shares in the last quarter. NumerixS Investment Technologies Inc raised its holdings in Heartland Express by 51.8% in the first quarter. NumerixS Investment Technologies Inc now owns 4,400 shares of the transportation company’s stock worth $86,000 after purchasing an additional 1,501 shares in the last quarter. Finally, BNP Paribas Arbitrage SA raised its holdings in Heartland Express by 515.0% in the first quarter. BNP Paribas Arbitrage SA now owns 10,689 shares of the transportation company’s stock worth $206,000 after purchasing an additional 8,951 shares in the last quarter. Hedge funds and other institutional investors own 56.52% of the company’s stock.
Heartland Express Company Profile
Heartland Express, Inc, together with its subsidiaries, operates as a short-to-medium haul truckload carrier in the United States and Canada. The company primarily provides nationwide asset-based dry van truckload service for shippers from Washington to Florida and New England to California; and temperature-controlled truckload services.
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