Heartland Express, Inc. (NASDAQ:HTLD - Get Free Report) major shareholder Ann S. Gerdin Revocable Trust bought 49,506 shares of Heartland Express stock in a transaction that occurred on Monday, November 18th. The stock was purchased at an average cost of $12.24 per share, with a total value of $605,953.44. Following the completion of the acquisition, the insider now directly owns 898,584 shares in the company, valued at $10,998,668.16. This represents a 5.83 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Large shareholders that own more than 10% of a company's stock are required to disclose their sales and purchases with the SEC.
Heartland Express Price Performance
NASDAQ:HTLD opened at $12.19 on Thursday. The business's 50-day moving average is $11.78 and its 200 day moving average is $11.91. Heartland Express, Inc. has a 12 month low of $9.63 and a 12 month high of $14.60. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.24.
Heartland Express (NASDAQ:HTLD - Get Free Report) last issued its quarterly earnings data on Tuesday, October 29th. The transportation company reported ($0.12) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by ($0.11). Heartland Express had a negative return on equity of 2.70% and a negative net margin of 2.11%. The firm had revenue of $259.86 million for the quarter, compared to analysts' expectations of $268.35 million. During the same period last year, the company earned ($0.14) earnings per share. The firm's revenue was down 11.9% on a year-over-year basis. On average, research analysts expect that Heartland Express, Inc. will post -0.38 EPS for the current fiscal year.
Institutional Trading of Heartland Express
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Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Nisa Investment Advisors LLC boosted its stake in shares of Heartland Express by 64.6% during the 2nd quarter. Nisa Investment Advisors LLC now owns 2,565 shares of the transportation company's stock worth $32,000 after purchasing an additional 1,007 shares during the period. CWM LLC lifted its stake in Heartland Express by 266.3% in the second quarter. CWM LLC now owns 2,729 shares of the transportation company's stock worth $34,000 after purchasing an additional 1,984 shares during the last quarter. EntryPoint Capital LLC purchased a new position in shares of Heartland Express during the first quarter valued at approximately $62,000. Intech Investment Management LLC bought a new position in shares of Heartland Express during the third quarter valued at approximately $124,000. Finally, Hsbc Holdings PLC purchased a new stake in shares of Heartland Express in the second quarter worth approximately $166,000. Hedge funds and other institutional investors own 53.45% of the company's stock.
Analyst Upgrades and Downgrades
HTLD has been the subject of a number of analyst reports. Barclays increased their price objective on shares of Heartland Express from $10.00 to $11.00 and gave the stock an "underweight" rating in a research note on Wednesday, November 13th. UBS Group decreased their price target on Heartland Express from $13.00 to $12.00 and set a "neutral" rating on the stock in a report on Wednesday, October 30th. Finally, StockNews.com upgraded Heartland Express from a "sell" rating to a "hold" rating in a research report on Wednesday, July 24th. Two investment analysts have rated the stock with a sell rating and three have issued a hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $11.75.
View Our Latest Stock Analysis on HTLD
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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