Today: The Heartland Express Inc. (HTLD) Coverage Initiated at Deutsche Bank AG

The Heartland Express Inc. (HTLD) Coverage Initiated at Deutsche Bank AG

Equities research analysts at Deutsche Bank AG initiated coverage on shares of Heartland Express Inc. (NASDAQ:HTLD) in a report issued on Wednesday. The brokerage set a “hold” rating and a $18.00 price target on the stock. Deutsche Bank AG’s price target would indicate a potential downside of 17.05% from the company’s current price.

Several other brokerages have also weighed in on HTLD. Zacks Investment Research lowered shares of Heartland Express from a “hold” rating to a “sell” rating in a report on Tuesday, July 5th. CL King restated a “neutral” rating on shares of Heartland Express in a report on Thursday, August 25th. FBR & Co restated a “market perform” rating and issued a $13.00 price objective (down from $18.00) on shares of Heartland Express in a report on Friday, August 26th. Wedbush restated a “neutral” rating and issued a $12.00 price objective (down from $17.00) on shares of Heartland Express in a report on Thursday, August 25th. Finally, Wolfe Research restated a “market perform” rating and issued a $13.00 price objective (down from $15.00) on shares of Heartland Express in a report on Friday, August 26th. Five research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and two have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $16.53.

Heartland Express (NASDAQ:HTLD) traded up 0.88% during trading on Wednesday, hitting $21.70. 230,566 shares of the stock traded hands. The company has a market capitalization of $1.81 billion, a P/E ratio of 30.14 and a beta of 0.35. Heartland Express has a one year low of $15.36 and a one year high of $22.28. The company’s 50 day moving average is $19.44 and its 200 day moving average is $18.68.

Heartland Express (NASDAQ:HTLD) last announced its earnings results on Thursday, October 20th. The company reported $0.15 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.16 by $0.01. Heartland Express had a return on equity of 12.59% and a net margin of 9.31%. The company had revenue of $149.30 million for the quarter, compared to analyst estimates of $162.30 million. During the same quarter in the previous year, the company posted $0.17 earnings per share. Heartland Express’s revenue for the quarter was down 18.2% on a year-over-year basis. On average, equities analysts forecast that Heartland Express will post $0.67 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 16th. Investors of record on Tuesday, December 6th will be given a $0.02 dividend. This represents a $0.08 dividend on an annualized basis and a yield of 0.37%. The ex-dividend date is Friday, December 2nd. Heartland Express’s dividend payout ratio (DPR) is currently 11.11%.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Nuance Investments LLC increased its position in Heartland Express by 775.6% in the second quarter. Nuance Investments LLC now owns 1,674,945 shares of the company’s stock worth $29,127,000 after buying an additional 1,483,664 shares during the period. American Century Companies Inc. increased its position in Heartland Express by 15.8% in the second quarter. American Century Companies Inc. now owns 9,221,141 shares of the company’s stock worth $160,356,000 after buying an additional 1,259,396 shares during the period. Perkins Investment Management LLC acquired a new position in Heartland Express during the third quarter worth $11,790,000. BlackRock Advisors LLC increased its position in Heartland Express by 1,512.6% in the third quarter. BlackRock Advisors LLC now owns 388,827 shares of the company’s stock worth $7,341,000 after buying an additional 364,715 shares during the period. Finally, Citadel Advisors LLC acquired a new position in Heartland Express during the third quarter worth $5,534,000. 59.71% of the stock is owned by institutional investors and hedge funds.

Heartland Express Company Profile

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