Heartland Express, Inc. (NASDAQ:HTLD - Get Free Report) CEO Michael J. Gerdin bought 3,888 shares of the company's stock in a transaction that occurred on Friday, August 15th. The stock was purchased at an average price of $8.20 per share, for a total transaction of $31,881.60. Following the acquisition, the chief executive officer directly owned 1,467,070 shares in the company, valued at approximately $12,029,974. This trade represents a 0.27% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
Heartland Express Stock Performance
HTLD traded up $0.55 during trading on Friday, hitting $8.76. The stock had a trading volume of 619,674 shares, compared to its average volume of 729,936. The firm has a market cap of $678.11 million, a PE ratio of -19.04 and a beta of 1.06. Heartland Express, Inc. has a 12 month low of $7.11 and a 12 month high of $12.85. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.23. The company has a 50 day simple moving average of $8.50 and a 200-day simple moving average of $8.96.
Heartland Express (NASDAQ:HTLD - Get Free Report) last announced its earnings results 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 firm had revenue of $210.39 million during the quarter, compared to the consensus estimate 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 revenue was down 23.4% compared to the same quarter last year. During the same quarter last year, the business earned ($0.04) EPS. Analysts expect that Heartland Express, Inc. will post 0.17 EPS for the current year.
Wall Street Analyst Weigh In
Several research analysts recently commented on the stock. JPMorgan Chase & Co. dropped their target price on shares of Heartland Express from $10.00 to $9.00 and set an "underweight" rating on the stock in a report on Thursday, May 1st. Wall Street Zen lowered shares of Heartland Express from a "hold" rating to a "sell" rating in a research report on Monday, May 5th. Morgan Stanley decreased their price target on shares of Heartland Express from $12.00 to $11.00 and set an "equal weight" rating on the stock in a research report on Monday, August 4th. Barclays decreased their price target on shares of Heartland Express from $9.00 to $8.00 and set an "underweight" rating on the stock in a research report on Wednesday, August 6th. Finally, Robert W. Baird decreased their price target on shares of Heartland Express from $9.00 to $8.50 and set a "neutral" rating on the stock in a research report on Monday, July 28th. Four equities research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Reduce" and a consensus target price of $9.70.
Read Our Latest Stock Report on HTLD
Institutional Trading of Heartland Express
Several institutional investors have recently made changes to their positions in HTLD. Gate City Capital Management LLC boosted its position in shares of Heartland Express by 167.6% during the 2nd quarter. Gate City Capital Management LLC now owns 1,611,581 shares of the transportation company's stock valued at $13,924,000 after acquiring an additional 1,009,388 shares in the last quarter. Nuveen LLC acquired a new stake in shares of Heartland Express during the 1st quarter valued at about $6,389,000. Hotchkis & Wiley Capital Management LLC acquired a new position in Heartland Express in the first quarter valued at about $5,396,000. Invesco Ltd. boosted its position in Heartland Express by 93.4% in the fourth quarter. Invesco Ltd. now owns 591,755 shares of the transportation company's stock valued at $6,639,000 after buying an additional 285,838 shares in the last quarter. Finally, Two Sigma Advisers LP boosted its position in Heartland Express by 55.6% in the fourth quarter. Two Sigma Advisers LP now owns 560,300 shares of the transportation company's stock valued at $6,287,000 after buying an additional 200,100 shares in the last quarter. 53.45% of the stock is currently owned by institutional investors and hedge funds.
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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