Heartland Express (NASDAQ:HTLD) received a $22.00 price objective from equities researchers at Stephens in a report issued on Monday, TipRanks reports. The firm presently has a “hold” rating on the transportation company’s stock. Stephens’ price target suggests a potential upside of 8.11% from the stock’s previous close.

Several other analysts have also recently weighed in on the company. BidaskClub raised Heartland Express from a “sell” rating to a “hold” rating in a report on Friday, April 19th. Zacks Investment Research cut Heartland Express from a “buy” rating to a “hold” rating in a report on Wednesday, March 27th. One equities research analyst has rated the stock with a sell rating and seven have issued a hold rating to the company. Heartland Express presently has an average rating of “Hold” and an average target price of $19.50.

Shares of HTLD opened at $20.35 on Monday. The stock has a market cap of $1.65 billion, a P/E ratio of 23.13, a P/E/G ratio of 1.45 and a beta of 0.75. Heartland Express has a 52-week low of $17.00 and a 52-week high of $21.66.

Heartland Express (NASDAQ:HTLD) last issued its quarterly earnings data on Thursday, April 18th. The transportation company reported $0.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.19 by $0.02. The business had revenue of $139.54 million for the quarter, compared to analysts’ expectations of $147.43 million. Heartland Express had a return on equity of 12.82% and a net margin of 12.91%. The firm’s quarterly revenue was down 11.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.16 EPS. As a group, analysts expect that Heartland Express will post 0.92 earnings per share for the current fiscal year.

In other Heartland Express news, VP Kent Daryl Rigdon sold 1,538 shares of the firm’s stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $20.09, for a total value of $30,898.42. Following the sale, the vice president now owns 1,128 shares of the company’s stock, valued at approximately $22,661.52. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 42.80% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. BlackRock Inc. raised its holdings in shares of Heartland Express by 1.0% during the 4th quarter. BlackRock Inc. now owns 6,921,900 shares of the transportation company’s stock valued at $126,671,000 after buying an additional 69,439 shares in the last quarter. Vanguard Group Inc raised its holdings in shares of Heartland Express by 2.0% during the 3rd quarter. Vanguard Group Inc now owns 4,661,673 shares of the transportation company’s stock valued at $91,974,000 after buying an additional 90,795 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of Heartland Express by 2.0% during the 3rd quarter. Vanguard Group Inc. now owns 4,661,673 shares of the transportation company’s stock valued at $91,974,000 after buying an additional 90,795 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Heartland Express by 2.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,019,252 shares of the transportation company’s stock valued at $55,252,000 after buying an additional 77,503 shares in the last quarter. Finally, Investment Counselors of Maryland LLC raised its holdings in shares of Heartland Express by 1.5% during the 4th quarter. Investment Counselors of Maryland LLC now owns 1,154,178 shares of the transportation company’s stock valued at $21,121,000 after buying an additional 16,793 shares in the last quarter. 60.04% of the stock is currently owned by institutional investors.

About Heartland Express

Heartland Express, Inc, together with its subsidiaries, operates as a short-to-medium haul truckload carrier in the United States and Canada. The company primarily provides nationwide asset-based dry van truckload service for shippers from Washington to Florida and New England to California; and temperature-controlled truckload services.

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Analyst Recommendations for Heartland Express (NASDAQ:HTLD)

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