Heartland Express, Inc. (NASDAQ:HTLD - Get Free Report)'s share price hit a new 52-week low on Tuesday . The company traded as low as $9.10 and last traded at $9.29, with a volume of 119130 shares trading hands. The stock had previously closed at $9.22.
Analysts Set New Price Targets
Separately, Barclays dropped their price objective on shares of Heartland Express from $11.00 to $9.00 and set an "underweight" rating for the company in a report on Wednesday.
View Our Latest Report on Heartland Express
Heartland Express Price Performance
The company has a current ratio of 1.08, a quick ratio of 1.17 and a debt-to-equity ratio of 0.23. The business has a 50-day moving average of $10.29 and a 200 day moving average of $11.19. The firm has a market capitalization of $668.29 million, a PE ratio of -23.00 and a beta of 0.97.
Heartland Express (NASDAQ:HTLD - Get Free Report) last issued its quarterly earnings results on Tuesday, January 28th. The transportation company reported ($0.02) EPS for the quarter, topping 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, research analysts anticipate that Heartland Express, Inc. will post 0.17 EPS for the current fiscal year.
Heartland Express Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, April 4th. Stockholders of record on Tuesday, March 25th were given a $0.02 dividend. This represents a $0.08 annualized dividend and a dividend yield of 0.94%. The ex-dividend date of this dividend was Tuesday, March 25th. Heartland Express's dividend payout ratio (DPR) is presently -21.62%.
Institutional Trading of Heartland Express
A number of hedge funds and other institutional investors have recently bought and sold shares of HTLD. Headlands Technologies LLC purchased a new position in shares of Heartland Express in the fourth quarter worth about $42,000. R Squared Ltd bought a new position in Heartland Express in the 4th quarter valued at approximately $75,000. Meeder Asset Management Inc. bought a new stake in shares of Heartland Express in the 4th quarter worth $79,000. KLP Kapitalforvaltning AS purchased a new stake in shares of Heartland Express during the 4th quarter valued at about $105,000. Finally, Intech Investment Management LLC purchased a new stake in Heartland Express in the third quarter worth approximately $124,000. Institutional investors 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.
Featured Articles
Before you consider Heartland Express, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Heartland Express wasn't on the list.
While Heartland Express currently has a Sell rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
If a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know? MarketBeat just compiled its list of the twelve stocks that corporate insiders are abandoning. Complete the form below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
