Heartland Express (NASDAQ:HTLD - Get Free Report) had its price objective lowered by Barclays from $11.00 to $9.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm currently has an "underweight" rating on the transportation company's stock. Barclays's target price would indicate a potential upside of 10.21% from the stock's previous close.
Heartland Express Stock Performance
Heartland Express stock traded down $0.34 during mid-day trading on Wednesday, reaching $8.17. 238,910 shares of the company traded hands, compared to its average volume of 404,728. The firm's fifty day moving average is $10.29 and its two-hundred day moving average is $11.19. The company has a market capitalization of $641.28 million, a price-to-earnings ratio of -22.35 and a beta of 0.97. Heartland Express has a fifty-two week low of $8.14 and a fifty-two week high of $13.67. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.08 and a quick ratio of 1.17.
Heartland Express (NASDAQ:HTLD - Get Free Report) last released its earnings results on Tuesday, January 28th. The transportation company reported ($0.02) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.04) by $0.02. Heartland Express had a negative return on equity of 3.57% and a negative net margin of 2.84%. On average, equities research analysts expect that Heartland Express will post 0.17 earnings per share for the current fiscal year.
Institutional Trading of Heartland Express
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Intech Investment Management LLC acquired a new stake in Heartland Express during the 3rd quarter worth about $124,000. Charles Schwab Investment Management Inc. grew its holdings in Heartland Express by 2.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 852,557 shares of the transportation company's stock worth $10,469,000 after acquiring an additional 22,448 shares during the period. BNP Paribas Financial Markets raised its position in Heartland Express by 112.0% during the third quarter. BNP Paribas Financial Markets now owns 31,441 shares of the transportation company's stock valued at $386,000 after acquiring an additional 16,610 shares in the last quarter. Paloma Partners Management Co acquired a new position in Heartland Express in the third quarter valued at approximately $202,000. Finally, Weiss Asset Management LP purchased a new stake in Heartland Express in the 3rd quarter worth approximately $6,634,000. Institutional investors and hedge funds own 53.45% of the company's stock.
About Heartland Express
(
Get Free Report)
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.
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