Heartland Express (NASDAQ:HTLD) Given New $10.00 Price Target at Barclays

Heartland Express (NASDAQ:HTLD) had its price target lowered by Barclays from $11.00 to $10.00 in a research report sent to investors on Monday, Benzinga reports. The firm currently has an underweight rating on the transportation company’s stock.

Other equities research analysts have also recently issued reports about the stock. JPMorgan Chase & Co. reaffirmed an “underweight” rating and issued a $10.00 target price (down from $12.00) on shares of Heartland Express in a research report on Tuesday, July 9th. StockNews.com upgraded shares of Heartland Express from a “sell” rating to a “hold” rating in a report on Wednesday, July 24th. Finally, UBS Group reduced their target price on Heartland Express from $13.00 to $12.00 and set a “neutral” rating on the stock in a report on Wednesday, October 30th. Two investment analysts have rated the stock with a sell rating and three have assigned a hold rating to the company. According to data from MarketBeat, Heartland Express currently has a consensus rating of “Hold” and an average target price of $11.50.

Heartland Express Stock Performance

HTLD opened at $10.90 on Monday. Heartland Express has a one year low of $9.63 and a one year high of $14.60. The company has a quick ratio of 1.23, a current ratio of 1.17 and a debt-to-equity ratio of 0.24. The business has a 50 day simple moving average of $11.77 and a two-hundred day simple moving average of $11.77.

Heartland Express (NASDAQ:HTLD) last posted its earnings results on Tuesday, October 29th. The transportation company reported ($0.12) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by ($0.11). Heartland Express had a negative net margin of 2.11% and a negative return on equity of 2.70%. The business had revenue of $259.86 million for the quarter, compared to analysts’ expectations of $268.35 million. During the same period last year, the firm posted ($0.14) earnings per share. Heartland Express’s quarterly revenue was down 11.9% on a year-over-year basis. As a group, equities research analysts anticipate that Heartland Express will post -0.22 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Heartland Express news, CEO Michael J. Gerdin bought 50,000 shares of the firm’s stock in a transaction on Wednesday, September 11th. The stock was acquired at an average price of $11.67 per share, with a total value of $583,500.00. Following the completion of the purchase, the chief executive officer now owns 1,196,718 shares of the company’s stock, valued at approximately $13,965,699.06. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 39.80% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Heartland Express

Institutional investors and hedge funds have recently modified their holdings of the stock. Nisa Investment Advisors LLC grew its position in Heartland Express by 64.6% during the 2nd quarter. Nisa Investment Advisors LLC now owns 2,565 shares of the transportation company’s stock valued at $32,000 after purchasing an additional 1,007 shares during the last quarter. CWM LLC grew its holdings in shares of Heartland Express by 266.3% during the second quarter. CWM LLC now owns 2,729 shares of the transportation company’s stock valued at $34,000 after buying an additional 1,984 shares during the last quarter. EntryPoint Capital LLC bought a new stake in shares of Heartland Express during the first quarter valued at approximately $62,000. Hsbc Holdings PLC purchased a new position in Heartland Express in the 2nd quarter worth approximately $166,000. Finally, Inspire Advisors LLC raised its holdings in Heartland Express by 23.3% in the 1st quarter. Inspire Advisors LLC now owns 14,715 shares of the transportation company’s stock worth $176,000 after acquiring an additional 2,779 shares during the last quarter. 53.45% 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, and long-haul truckload carrier in the United States and Canada. It primarily provides nationwide asset-based dry van truckload service for shippers; cross-border freight and other transportation services; and temperature-controlled truckload services.