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