Heartland Express, Inc. (NASDAQ:HTLD - Get Free Report) Director Michael John Sullivan purchased 2,000 shares of the firm's stock in a transaction on Friday, April 26th. The shares were purchased at an average cost of $10.53 per share, with a total value of $21,060.00. Following the completion of the transaction, the director now owns 24,331 shares of the company's stock, valued at approximately $256,205.43. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
Heartland Express Stock Performance
Shares of HTLD opened at $9.94 on Wednesday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.37 and a current ratio of 1.26. The stock has a 50-day moving average of $11.45 and a two-hundred day moving average of $12.69. The stock has a market cap of $785.56 million, a P/E ratio of -58.47 and a beta of 0.62. Heartland Express, Inc. has a one year low of $9.63 and a one year high of $17.08.
Heartland Express (NASDAQ:HTLD - Get Free Report) last issued its earnings results on Tuesday, April 23rd. The transportation company reported ($0.19) EPS for the quarter, missing analysts' consensus estimates of ($0.12) by ($0.07). Heartland Express had a negative net margin of 1.13% and a negative return on equity of 1.50%. The firm had revenue of $270.30 million during the quarter, compared to analysts' expectations of $263.92 million. During the same quarter in the prior year, the company earned $0.16 EPS. Heartland Express's quarterly revenue was down 18.3% on a year-over-year basis. As a group, research analysts predict that Heartland Express, Inc. will post -0.04 EPS for the current year.
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The firm also recently announced a quarterly dividend, which was paid on Friday, April 5th. Investors of record on Tuesday, March 26th were given a dividend of $0.02 per share. The ex-dividend date of this dividend was Monday, March 25th. This represents a $0.08 dividend on an annualized basis and a yield of 0.80%. Heartland Express's dividend payout ratio is presently -47.06%.
Hedge Funds Weigh In On Heartland Express
A number of institutional investors have recently modified their holdings of the stock. Graham Capital Management L.P. acquired a new stake in Heartland Express during the third quarter worth about $244,000. Dark Forest Capital Management LP purchased a new stake in Heartland Express in the 3rd quarter worth approximately $258,000. SG Americas Securities LLC grew its stake in shares of Heartland Express by 133.2% during the 3rd quarter. SG Americas Securities LLC now owns 18,082 shares of the transportation company's stock worth $266,000 after purchasing an additional 10,327 shares during the period. Louisiana State Employees Retirement System purchased a new position in shares of Heartland Express during the 4th quarter valued at approximately $327,000. Finally, Inspire Investing LLC lifted its stake in shares of Heartland Express by 7.5% in the 3rd quarter. Inspire Investing LLC now owns 23,644 shares of the transportation company's stock valued at $347,000 after purchasing an additional 1,654 shares during the period. Hedge funds and other institutional investors own 53.45% of the company's stock.
Analyst Upgrades and Downgrades
Several brokerages have weighed in on HTLD. StockNews.com downgraded shares of Heartland Express from a "hold" rating to a "sell" rating in a research note on Wednesday, April 24th. Barclays lowered their price objective on Heartland Express from $11.00 to $10.00 and set an "underweight" rating for the company in a research report on Tuesday. JPMorgan Chase & Co. reduced their target price on Heartland Express from $13.00 to $12.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 24th. Finally, Morgan Stanley lowered their price target on Heartland Express from $15.00 to $14.00 and set an "equal weight" rating for the company in a report on Monday, February 12th. Two equities research analysts have rated the stock with a sell rating and three have given a hold rating to the company. According to MarketBeat.com, Heartland Express currently has a consensus rating of "Hold" and an average target price of $13.25.
Read Our Latest Report on Heartland Express
Heartland Express Company Profile
(
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.
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