Heartland Express, Inc. (NASDAQ:HTLD) had its price target hoisted by UBS AG from $22.00 to $23.00 in a research note released on Monday, www.benzinga.com reports. The brokerage currently has a neutral rating on the transportation company’s stock.
HTLD has been the topic of a number of other reports. BidaskClub lowered shares of Heartland Express from a buy rating to a hold rating in a research note on Friday, July 28th. Stifel Nicolaus upgraded shares of Heartland Express from a hold rating to a buy rating and boosted their price target for the stock from $22.00 to $28.00 in a research note on Friday, September 29th. Robert W. Baird reiterated a hold rating and set a $26.00 price target on shares of Heartland Express in a research note on Friday, October 6th. Morgan Stanley reiterated an underweight rating on shares of Heartland Express in a research note on Tuesday, July 11th. Finally, TheStreet upgraded shares of Heartland Express from a c+ rating to a b rating in a research note on Thursday, September 7th. Four research analysts have rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company. Heartland Express currently has a consensus rating of Hold and an average target price of $23.29.
Heartland Express (NASDAQ:HTLD) last posted its quarterly earnings data on Friday, October 27th. The transportation company reported $0.09 EPS for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.08). Heartland Express had a net margin of 8.54% and a return on equity of 9.50%. The business had revenue of $182.10 million during the quarter, compared to analyst estimates of $205.81 million. During the same quarter in the prior year, the firm posted $0.15 earnings per share. The company’s revenue for the quarter was up 22.0% compared to the same quarter last year.
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In related news, EVP John P. Cosaert sold 7,146 shares of the business’s stock in a transaction dated Monday, September 11th. The shares were sold at an average price of $22.54, for a total transaction of $161,070.84. Following the sale, the executive vice president now owns 57,668 shares of the company’s stock, valued at $1,299,836.72. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 42.10% of the stock is currently owned by insiders.
A number of hedge funds have recently added to or reduced their stakes in the stock. American Century Companies Inc. boosted its holdings in Heartland Express by 6.5% during the second quarter. American Century Companies Inc. now owns 10,103,973 shares of the transportation company’s stock worth $210,365,000 after buying an additional 620,252 shares in the last quarter. BlackRock Inc. boosted its holdings in Heartland Express by 152,605.4% during the first quarter. BlackRock Inc. now owns 5,752,412 shares of the transportation company’s stock worth $115,337,000 after buying an additional 5,748,645 shares in the last quarter. Vanguard Group Inc. boosted its holdings in Heartland Express by 1.0% during the second quarter. Vanguard Group Inc. now owns 4,182,897 shares of the transportation company’s stock worth $87,089,000 after buying an additional 41,514 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in Heartland Express by 4.0% during the second quarter. Dimensional Fund Advisors LP now owns 2,493,159 shares of the transportation company’s stock worth $51,908,000 after buying an additional 96,332 shares in the last quarter. Finally, Janus Henderson Group PLC purchased a new stake in Heartland Express during the second quarter worth about $41,847,000. 60.13% of the stock is currently owned by hedge funds and other institutional investors.
Heartland Express Company Profile
Heartland Express, Inc is a holding company. The Company is a short-to-medium haul truckload carrier. The Company focuses primarily on short- to medium-haul, asset-based dry van truckload services in regional markets near its terminals. The Company’s truckload services are primarily asset-based transportation services in the dry van truckload market, and it also offers truckload temperature-controlled transportation services and non-asset based brokerage services.
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