Heartland Express, Inc. (NASDAQ:HTLD - Get Free Report) CEO Michael J. Gerdin acquired 14,109 shares of the firm's stock in a transaction dated Wednesday, May 1st. The stock was bought at an average cost of $10.24 per share, with a total value of $144,476.16. Following the acquisition, the chief executive officer now owns 196,514 shares in the company, valued at $2,012,303.36. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.
Heartland Express Stock Performance
Shares of HTLD opened at $10.77 on Friday. Heartland Express, Inc. has a 52-week low of $9.63 and a 52-week high of $17.08. The firm's fifty day moving average is $11.34 and its two-hundred day moving average is $12.63. The company has a quick ratio of 1.37, a current ratio of 1.26 and a debt-to-equity ratio of 0.30.
Heartland Express (NASDAQ:HTLD - Get Free Report) last announced its quarterly earnings data on Tuesday, April 23rd. The transportation company reported ($0.19) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.12) by ($0.07). The business had revenue of $270.30 million for the quarter, compared to analysts' expectations of $263.92 million. Heartland Express had a negative net margin of 1.13% and a negative return on equity of 1.50%. The firm's revenue was down 18.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.16 EPS. Equities analysts predict that Heartland Express, Inc. will post -0.13 earnings per share for the current fiscal year.
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The business also recently announced a quarterly dividend, which was paid on Friday, April 5th. Investors of record on Tuesday, March 26th were issued a $0.02 dividend. The ex-dividend date was Monday, March 25th. This represents a $0.08 dividend on an annualized basis and a yield of 0.74%. Heartland Express's dividend payout ratio (DPR) is presently -47.06%.
Institutional Investors Weigh In On Heartland Express
Large investors have recently modified their holdings of the company. Graham Capital Management L.P. purchased a new stake in Heartland Express in the third quarter valued at $244,000. Dark Forest Capital Management LP purchased a new position in shares of Heartland Express in the 3rd quarter valued at approximately $258,000. SG Americas Securities LLC increased its stake in Heartland Express by 133.2% in the 3rd quarter. SG Americas Securities LLC now owns 18,082 shares of the transportation company's stock valued at $266,000 after buying an additional 10,327 shares during the period. Louisiana State Employees Retirement System acquired a new position in shares of Heartland Express during the fourth quarter worth about $327,000. Finally, BNP Paribas Financial Markets increased its position in Heartland Express by 74.1% during the 1st quarter. BNP Paribas Financial Markets now owns 23,218 shares of the transportation company's stock worth $277,000 after purchasing an additional 9,884 shares during the period. 53.45% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
HTLD has been the subject of several analyst reports. StockNews.com cut shares of Heartland Express from a "hold" rating to a "sell" rating in a research note on Wednesday, April 24th. Morgan Stanley dropped their target price on Heartland Express from $15.00 to $14.00 and set an "equal weight" rating on the stock in a research report on Monday, February 12th. Barclays dropped their price objective on Heartland Express from $11.00 to $10.00 and set an "underweight" rating on the stock in a report on Tuesday. Finally, JPMorgan Chase & Co. decreased their target price on Heartland Express from $13.00 to $12.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 24th. Two investment analysts have rated the stock with a sell rating and three have assigned a hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $13.25.
View Our Latest Report on Heartland Express
About Heartland Express
(
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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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