BidaskClub downgraded shares of Heartland Express, Inc. (NASDAQ:HTLD) from a buy rating to a hold rating in a research report released on Friday morning.
A number of other research firms have also recently weighed in on HTLD. TheStreet cut shares of Heartland Express from a b- rating to a c+ rating in a research note on Friday, May 26th. Morgan Stanley reaffirmed an underweight rating on shares of Heartland Express in a research note on Tuesday, July 11th. Zacks Investment Research raised shares of Heartland Express from a hold rating to a buy rating and set a $24.00 price target on the stock in a research note on Friday, July 21st. UBS AG raised shares of Heartland Express from a sell rating to a neutral rating and upped their price target for the stock from $20.00 to $22.00 in a research note on Monday, July 10th. Finally, Stifel Nicolaus reaffirmed a hold rating and set a $23.00 price target (up from $19.00) on shares of Heartland Express in a research note on Monday, July 10th. Two equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and one has assigned a buy rating to the company. Heartland Express currently has a consensus rating of Hold and an average target price of $16.55.
Heartland Express (NASDAQ:HTLD) traded up 0.33% during trading on Friday, reaching $21.11. 61,841 shares of the company’s stock traded hands. The firm’s 50 day moving average price is $21.14 and its 200-day moving average price is $20.30. Heartland Express has a one year low of $17.06 and a one year high of $22.69. The stock has a market cap of $1.76 billion, a P/E ratio of 31.37 and a beta of 0.51.
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The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 3rd. Investors of record on Friday, June 23rd were given a $0.02 dividend. The ex-dividend date of this dividend was Wednesday, June 21st. This represents a $0.08 annualized dividend and a dividend yield of 0.38%. Heartland Express’s dividend payout ratio is presently 11.76%.
Large investors have recently added to or reduced their stakes in the company. Municipal Employees Retirement System of Michigan raised its position in Heartland Express by 1.6% in the first quarter. Municipal Employees Retirement System of Michigan now owns 9,890 shares of the transportation company’s stock worth $198,000 after buying an additional 160 shares during the period. Louisiana State Employees Retirement System raised its position in Heartland Express by 1.1% in the first quarter. Louisiana State Employees Retirement System now owns 17,600 shares of the transportation company’s stock worth $353,000 after buying an additional 200 shares during the period. Aperio Group LLC raised its position in Heartland Express by 0.4% in the second quarter. Aperio Group LLC now owns 50,728 shares of the transportation company’s stock worth $1,056,000 after buying an additional 206 shares during the period. Texas Permanent School Fund raised its position in Heartland Express by 0.8% in the second quarter. Texas Permanent School Fund now owns 31,623 shares of the transportation company’s stock worth $658,000 after buying an additional 265 shares during the period. Finally, Arizona State Retirement System raised its position in Heartland Express by 1.3% in the first quarter. Arizona State Retirement System now owns 22,567 shares of the transportation company’s stock worth $452,000 after buying an additional 300 shares during the period. Institutional investors and hedge funds own 60.27% of the company’s stock.
About Heartland Express
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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