Heartland Express (NASDAQ:HTLD)‘s stock had its “neutral” rating reaffirmed by equities researchers at Seaport Global Securities in a research report issued to clients and investors on Tuesday. Seaport Global Securities also issued estimates for Heartland Express’ Q1 2018 earnings at $0.15 EPS, Q2 2018 earnings at $0.18 EPS, Q3 2018 earnings at $0.20 EPS, Q4 2018 earnings at $0.22 EPS, FY2018 earnings at $0.75 EPS, Q1 2019 earnings at $0.20 EPS, Q2 2019 earnings at $0.23 EPS, Q3 2019 earnings at $0.27 EPS, Q4 2019 earnings at $0.28 EPS and FY2019 earnings at $0.98 EPS.
HTLD has been the topic of several other research reports. TheStreet cut shares of Heartland Express from a “b” rating to a “c” rating in a research note on Friday, October 27th. Zacks Investment Research cut shares of Heartland Express from a “hold” rating to a “sell” rating in a research note on Friday, December 22nd. UBS Group increased their price objective on shares of Heartland Express from $22.00 to $23.00 and gave the stock a “neutral” rating in a research note on Monday, October 30th. BidaskClub upgraded shares of Heartland Express from a “hold” rating to a “buy” rating in a research note on Wednesday, December 27th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Heartland Express from $24.00 to $22.00 and set an “underweight” rating on the stock in a research note on Wednesday. Four equities research analysts have rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company. Heartland Express presently has a consensus rating of “Hold” and an average target price of $24.33.
Heartland Express (NASDAQ:HTLD) opened at $20.49 on Tuesday. Heartland Express has a one year low of $18.71 and a one year high of $25.22. The firm has a market cap of $1,778.52, a P/E ratio of 22.77, a PEG ratio of 1.85 and a beta of 0.47.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Bessemer Group Inc. raised its stake in Heartland Express by 6.3% during the 3rd quarter. Bessemer Group Inc. now owns 394,682 shares of the transportation company’s stock worth $9,898,000 after acquiring an additional 23,298 shares during the period. TIAA CREF Investment Management LLC raised its stake in Heartland Express by 38.2% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 166,282 shares of the transportation company’s stock worth $3,462,000 after acquiring an additional 45,957 shares during the period. Bank of New York Mellon Corp raised its stake in Heartland Express by 9.2% during the 3rd quarter. Bank of New York Mellon Corp now owns 732,882 shares of the transportation company’s stock worth $18,381,000 after acquiring an additional 61,505 shares during the period. Piedmont Investment Advisors LLC bought a new stake in Heartland Express during the 3rd quarter worth approximately $273,000. Finally, Gilder Gagnon Howe & Co. LLC bought a new stake in Heartland Express during the 3rd quarter worth approximately $9,097,000. Institutional investors own 59.44% of the company’s stock.
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Heartland Express Company Profile
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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