Shares of Heartland Express, Inc. (NASDAQ:HTLD - Get Free Report) hit a new 52-week low on Monday . The company traded as low as $8.11 and last traded at $8.25, with a volume of 186749 shares. The stock had previously closed at $8.51.
Wall Street Analysts Forecast Growth
Separately, Barclays decreased their target price on shares of Heartland Express from $11.00 to $9.00 and set an "underweight" rating on the stock in a research report on Wednesday, April 2nd.
View Our Latest Report on HTLD
Heartland Express Trading Down 2.1 %
The firm has a market cap of $663.58 million, a price-to-earnings ratio of -22.84 and a beta of 0.97. The business has a fifty day moving average of $9.87 and a two-hundred day moving average of $11.02. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.17 and a current ratio of 1.08.
Heartland Express (NASDAQ:HTLD - Get Free Report) last announced its quarterly earnings results on Tuesday, January 28th. The transportation company reported ($0.02) earnings per share for the quarter, beating analysts' consensus estimates 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%. As a group, equities analysts expect that Heartland Express, Inc. will post 0.17 earnings per share for the current fiscal year.
Heartland Express Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, April 4th. Investors of record on Tuesday, March 25th were paid a $0.02 dividend. This represents a $0.08 dividend on an annualized basis and a yield of 0.95%. The ex-dividend date was Tuesday, March 25th. Heartland Express's payout ratio is currently -21.62%.
Institutional Inflows and Outflows
Institutional investors have recently added to or reduced their stakes in the company. Parallel Advisors LLC grew its holdings in shares of Heartland Express by 173.8% during the first quarter. Parallel Advisors LLC now owns 2,719 shares of the transportation company's stock worth $25,000 after buying an additional 1,726 shares in the last quarter. Headlands Technologies LLC purchased a new stake in Heartland Express in the 4th quarter worth approximately $42,000. R Squared Ltd acquired a new position in Heartland Express in the 4th quarter valued at $75,000. Meeder Asset Management Inc. purchased a new position in shares of Heartland Express during the 4th quarter worth $79,000. Finally, KLP Kapitalforvaltning AS acquired a new stake in shares of Heartland Express during the fourth quarter worth $105,000. Institutional investors and hedge funds own 53.45% of the company's stock.
Heartland Express Company Profile
(
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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