Several other research analysts have also recently issued reports on the company. BidaskClub cut Heartland Express from a buy rating to a hold rating in a research report on Thursday, September 19th. Morgan Stanley raised their target price on Heartland Express from $15.00 to $16.00 and gave the stock an underweight rating in a research report on Monday, October 7th. Stephens started coverage on Heartland Express in a research report on Monday, July 1st. They set a hold rating on the stock. UBS Group lifted their price objective on Heartland Express from $20.00 to $23.00 and gave the company a neutral rating in a research report on Friday, October 11th. Finally, Robert W. Baird set a $21.00 price objective on Heartland Express and gave the company a hold rating in a research report on Friday, July 19th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the company’s stock. The stock presently has an average rating of Hold and a consensus price target of $20.86.
Shares of NASDAQ:HTLD opened at $22.36 on Friday. The stock has a market capitalization of $1.81 billion, a price-to-earnings ratio of 25.41 and a beta of 0.78. The stock’s 50-day simple moving average is $21.49 and its two-hundred day simple moving average is $19.79. Heartland Express has a 52-week low of $17.00 and a 52-week high of $22.55.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 1st. Stockholders of record on Friday, September 20th were given a dividend of $0.02 per share. The ex-dividend date was Thursday, September 19th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.36%. Heartland Express’s payout ratio is currently 9.09%.
In other news, Director Larry J. Gordon sold 44,944 shares of Heartland Express stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $22.12, for a total transaction of $994,161.28. Following the transaction, the director now directly owns 303,159 shares of the company’s stock, valued at approximately $6,705,877.08. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 42.80% of the stock is owned by insiders.
Several hedge funds have recently bought and sold shares of the company. Strs Ohio purchased a new position in Heartland Express during the 3rd quarter valued at $122,000. Envestnet Asset Management Inc. boosted its holdings in Heartland Express by 13.9% during the 3rd quarter. Envestnet Asset Management Inc. now owns 17,215 shares of the transportation company’s stock valued at $370,000 after acquiring an additional 2,100 shares during the period. Campbell & CO Investment Adviser LLC purchased a new position in Heartland Express during the 3rd quarter valued at $302,000. State of Alaska Department of Revenue boosted its holdings in Heartland Express by 121.9% during the 3rd quarter. State of Alaska Department of Revenue now owns 35,896 shares of the transportation company’s stock valued at $772,000 after acquiring an additional 19,722 shares during the period. Finally, Royal Bank of Canada boosted its holdings in Heartland Express by 18.7% during the 2nd quarter. Royal Bank of Canada now owns 6,663 shares of the transportation company’s stock valued at $120,000 after acquiring an additional 1,048 shares during the period. 56.31% of the stock is currently owned by hedge funds and other institutional investors.
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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