Shares of Heartland Express, Inc. (NASDAQ:HTLD) have earned an average recommendation of “Hold” from the nine ratings firms that are covering the stock, Marketbeat reports. Three equities research analysts have rated the stock with a sell recommendation and five have issued a hold recommendation on the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $18.00.

A number of research firms recently weighed in on HTLD. Stephens set a $112.00 price objective on shares of Genesee & Wyoming and gave the stock a “hold” rating in a research report on Monday, July 1st. BidaskClub lowered shares of Vertex Pharmaceuticals from a “buy” rating to a “hold” rating in a research report on Tuesday. Finally, Zacks Investment Research lowered shares of GENEL ENERGY PL/ADR from a “hold” rating to a “sell” rating in a research report on Thursday, July 4th.

Heartland Express stock traded up $0.82 during midday trading on Friday, reaching $18.60. The stock had a trading volume of 451,465 shares, compared to its average volume of 427,091. Heartland Express has a 52-week low of $17.00 and a 52-week high of $21.66. The company has a market capitalization of $1.46 billion, a price-to-earnings ratio of 21.14 and a beta of 0.76. The stock has a fifty day simple moving average of $18.30.

Heartland Express (NASDAQ:HTLD) last posted its quarterly earnings data on Thursday, April 18th. The transportation company reported $0.21 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.19 by $0.02. Heartland Express had a net margin of 12.91% and a return on equity of 12.64%. The company had revenue of $139.54 million for the quarter, compared to analyst estimates of $147.43 million. During the same period in the prior year, the company posted $0.16 EPS. The firm’s revenue for the quarter was down 11.0% on a year-over-year basis. As a group, analysts expect that Heartland Express will post 0.93 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Monday, July 1st. Shareholders of record on Friday, June 21st were paid a $0.02 dividend. The ex-dividend date of this dividend was Thursday, June 20th. This represents a $0.08 dividend on an annualized basis and a yield of 0.43%. Heartland Express’s dividend payout ratio is currently 9.09%.

Hedge funds have recently modified their holdings of the business. Resources Investment Advisors Inc. bought a new position in Heartland Express in the 4th quarter worth about $29,000. Liberty Wealth Management LLC bought a new position in Heartland Express in the 4th quarter worth about $36,000. PNC Financial Services Group Inc. grew its stake in Heartland Express by 60.1% in the 4th quarter. PNC Financial Services Group Inc. now owns 2,105 shares of the transportation company’s stock worth $38,000 after acquiring an additional 790 shares in the last quarter. NumerixS Investment Technologies Inc grew its stake in Heartland Express by 51.8% in the 1st quarter. NumerixS Investment Technologies Inc now owns 4,400 shares of the transportation company’s stock worth $86,000 after acquiring an additional 1,501 shares in the last quarter. Finally, BNP Paribas Arbitrage SA grew its stake in Heartland Express by 515.0% in the 1st quarter. BNP Paribas Arbitrage SA now owns 10,689 shares of the transportation company’s stock worth $206,000 after acquiring an additional 8,951 shares in the last quarter. Institutional investors and hedge funds own 56.52% of the company’s stock.

Heartland Express Company Profile

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.

See Also: Hedge Funds – Risk or Reward?

Analyst Recommendations for Heartland Express (NASDAQ:HTLD)

Receive News & Ratings for Heartland Express Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Heartland Express and related companies with MarketBeat.com's FREE daily email newsletter.