Heartland Express (NASDAQ:HTLD) Sees Unusually-High Trading Volume

Shares of Heartland Express, Inc. (NASDAQ:HTLDGet Rating) saw strong trading volume on Tuesday . 5,206 shares changed hands during trading, a decline of 98% from the previous session’s volume of 306,091 shares.The stock last traded at $13.18 and had previously closed at $13.07.

A number of brokerages have recently weighed in on HTLD. Zacks Investment Research upgraded Heartland Express from a “sell” rating to a “hold” rating in a research note on Monday, January 3rd. JPMorgan Chase & Co. cut their target price on Heartland Express from $16.00 to $15.00 and set a “neutral” rating on the stock in a research note on Friday, April 8th. StockNews.com downgraded Heartland Express from a “buy” rating to a “hold” rating in a research note on Friday, April 1st. Barclays downgraded Heartland Express from an “equal weight” rating to an “underweight” rating and cut their target price for the stock from $17.00 to $15.00 in a research note on Wednesday, January 26th. Finally, Stephens cut their target price on Heartland Express from $18.00 to $15.00 in a research note on Friday, April 1st. One investment analyst has rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $16.40.

The firm has a 50 day moving average of $14.09 and a 200 day moving average of $15.60. The firm has a market cap of $1.06 billion, a PE ratio of 13.07 and a beta of 0.54.

Heartland Express (NASDAQ:HTLDGet Rating) last posted its quarterly earnings data on Thursday, January 20th. The transportation company reported $0.26 EPS for the quarter, meeting the consensus estimate of $0.26. Heartland Express had a return on equity of 10.93% and a net margin of 13.05%. The business had revenue of $148.80 million for the quarter, compared to the consensus estimate of $152.57 million. During the same quarter in the prior year, the business earned $0.22 earnings per share. Heartland Express’s revenue for the quarter was down 4.5% on a year-over-year basis. As a group, research analysts expect that Heartland Express, Inc. will post 0.92 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 5th. Shareholders of record on Friday, March 25th were given a dividend of $0.02 per share. The ex-dividend date was Thursday, March 24th. This represents a $0.08 annualized dividend and a dividend yield of 0.60%. Heartland Express’s dividend payout ratio is currently 8.00%.

Several large investors have recently bought and sold shares of HTLD. Royal Bank of Canada lifted its position in shares of Heartland Express by 123.6% during the second quarter. Royal Bank of Canada now owns 5,879 shares of the transportation company’s stock worth $101,000 after acquiring an additional 3,250 shares in the last quarter. State of New Jersey Common Pension Fund D lifted its position in shares of Heartland Express by 19.6% during the third quarter. State of New Jersey Common Pension Fund D now owns 160,833 shares of the transportation company’s stock worth $2,577,000 after acquiring an additional 26,365 shares in the last quarter. Maryland State Retirement & Pension System purchased a new stake in shares of Heartland Express during the third quarter worth $303,000. SG Americas Securities LLC purchased a new stake in shares of Heartland Express during the third quarter worth $1,600,000. Finally, Lesa Sroufe & Co lifted its position in shares of Heartland Express by 102.8% during the third quarter. Lesa Sroufe & Co now owns 109,500 shares of the transportation company’s stock worth $1,754,000 after acquiring an additional 55,515 shares in the last quarter. Hedge funds and other institutional investors own 53.91% of the company’s stock.

About Heartland Express (NASDAQ:HTLD)

Heartland Express, Inc, together with its subsidiaries, operates as a short-to-medium haul truckload carrier in the United States and Canada. It 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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