BidaskClub Lowers Heartland Express (NASDAQ:HTLD) to Sell

BidaskClub lowered shares of Heartland Express (NASDAQ:HTLD) from a hold rating to a sell rating in a research report report published on Tuesday morning, BidAskClub reports.

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.



Heartland Express (NASDAQ:HTLD) last released its earnings results on Thursday, April 18th. The transportation company reported $0.21 earnings per share for the quarter, topping the consensus estimate of $0.19 by $0.02. Heartland Express had a return on equity of 12.64% and a net margin of 12.91%. The business had revenue of $139.54 million during the quarter, compared to the consensus estimate of $147.43 million. During the same period last year, the company earned $0.16 earnings per share. The business’s revenue for the quarter was down 11.0% compared to the same quarter last year. Sell-side analysts predict that Heartland Express will post 0.93 earnings per share for the current fiscal year.

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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Analyst Recommendations for Heartland Express (NASDAQ:HTLD)

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