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Heartland Express, Inc. (NASDAQ:HTLD – Get Free Report) CEO Michael J. Gerdin acquired 1,314 shares of the firm’s stock in a transaction on Thursday, August 14th. The stock was purchased at an average price of $8.20 per share, for a total transaction of $10,774.80. Following the completion of the transaction, the chief executive officer directly owned 1,463,182 shares in the company, valued at approximately $11,998,092.40. The trade was a 0.09% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
Heartland Express Stock Down 4.5%
NASDAQ:HTLD opened at $7.92 on Tuesday. Heartland Express, Inc. has a 12-month low of $7.11 and a 12-month high of $12.85. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.23. The firm has a market capitalization of $613.09 million, a P/E ratio of -17.22 and a beta of 1.06. The stock’s fifty day simple moving average is $8.54 and its 200-day simple moving average is $9.03.
Heartland Express (NASDAQ:HTLD – Get Free Report) last issued its quarterly earnings data on Thursday, July 24th. The transportation company reported ($0.14) EPS for the quarter, missing the consensus estimate of ($0.08) by ($0.06). The business had revenue of $210.39 million for the quarter, compared to analyst estimates of $229.12 million. Heartland Express had a negative return on equity of 4.42% and a negative net margin of 3.85%. The business’s quarterly revenue was down 23.4% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.04) EPS. Equities research analysts expect that Heartland Express, Inc. will post 0.17 earnings per share for the current year.
Wall Street Analysts Forecast Growth
HTLD has been the topic of a number of recent research reports. JPMorgan Chase & Co. decreased their price objective on Heartland Express from $10.00 to $9.00 and set an “underweight” rating on the stock in a research report on Thursday, May 1st. Wall Street Zen lowered Heartland Express from a “hold” rating to a “sell” rating in a research report on Monday, May 5th. Baird R W upgraded Heartland Express to a “hold” rating in a research report on Tuesday, July 1st. Robert W. Baird reduced their price target on Heartland Express from $9.00 to $8.50 and set a “neutral” rating on the stock in a research report on Monday, July 28th. Finally, Barclays reduced their price target on Heartland Express from $9.00 to $8.00 and set an “underweight” rating on the stock in a research report on Wednesday, August 6th. Three analysts have rated the stock with a sell rating and four have assigned a hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $9.70.
Get Our Latest Research Report on HTLD
Institutional Trading of Heartland Express
Hedge funds have recently added to or reduced their stakes in the business. MetLife Investment Management LLC raised its stake in Heartland Express by 8.3% during the 4th quarter. MetLife Investment Management LLC now owns 28,579 shares of the transportation company’s stock worth $321,000 after buying an additional 2,189 shares during the period. Allspring Global Investments Holdings LLC raised its stake in Heartland Express by 196.6% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 45,273 shares of the transportation company’s stock worth $417,000 after buying an additional 30,010 shares during the period. SG Americas Securities LLC raised its stake in Heartland Express by 149.2% during the 1st quarter. SG Americas Securities LLC now owns 48,681 shares of the transportation company’s stock worth $449,000 after buying an additional 29,145 shares during the period. Principal Financial Group Inc. raised its stake in Heartland Express by 2.6% during the 1st quarter. Principal Financial Group Inc. now owns 215,713 shares of the transportation company’s stock worth $1,989,000 after buying an additional 5,447 shares during the period. Finally, Wells Fargo & Company MN raised its stake in Heartland Express by 36.8% during the 4th quarter. Wells Fargo & Company MN now owns 25,368 shares of the transportation company’s stock worth $285,000 after buying an additional 6,821 shares during the period. Institutional investors and hedge funds own 53.45% of the company’s stock.
Heartland Express Company Profile
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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