Tahira K. Hira Buys 36,500 Shares of Heartland Express, Inc. (HTLD) Stock

Heartland Express, Inc. (NASDAQ:HTLD) Director Tahira K. Hira purchased 36,500 shares of the company’s stock in a transaction that occurred on Thursday, May 17th. The shares were acquired at an average cost of $18.28 per share, with a total value of $667,220.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Shares of NASDAQ:HTLD opened at $18.74 on Wednesday. Heartland Express, Inc. has a 52 week low of $17.38 and a 52 week high of $25.22. The company has a market capitalization of $1.53 billion, a price-to-earnings ratio of 36.76, a PEG ratio of 1.78 and a beta of 0.67.

Heartland Express (NASDAQ:HTLD) last issued its earnings results on Wednesday, April 25th. The transportation company reported $0.16 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.12 by $0.04. Heartland Express had a net margin of 11.75% and a return on equity of 7.49%. The firm had revenue of $156.70 million during the quarter, compared to the consensus estimate of $169.55 million. equities research analysts forecast that Heartland Express, Inc. will post 0.7 EPS for the current fiscal year.

Heartland Express announced that its Board of Directors has approved a stock buyback plan on Friday, May 11th that permits the company to repurchase 5,000,000 shares. This repurchase authorization permits the transportation company to reacquire shares of its stock through open market purchases. Shares repurchase plans are usually a sign that the company’s board believes its shares are undervalued.

A number of large investors have recently modified their holdings of HTLD. American Century Companies Inc. increased its stake in Heartland Express by 15.0% in the first quarter. American Century Companies Inc. now owns 9,313,315 shares of the transportation company’s stock valued at $167,547,000 after purchasing an additional 1,216,804 shares in the last quarter. ArrowMark Colorado Holdings LLC increased its stake in Heartland Express by 12.0% in the fourth quarter. ArrowMark Colorado Holdings LLC now owns 7,016,174 shares of the transportation company’s stock valued at $163,758,000 after purchasing an additional 749,703 shares in the last quarter. 1060 Capital LLC bought a new stake in Heartland Express in the fourth quarter valued at approximately $13,648,000. OppenheimerFunds Inc. increased its stake in Heartland Express by 161.5% in the fourth quarter. OppenheimerFunds Inc. now owns 714,762 shares of the transportation company’s stock valued at $16,682,000 after purchasing an additional 441,402 shares in the last quarter. Finally, Standard Life Aberdeen plc increased its stake in Heartland Express by 15.9% in the fourth quarter. Standard Life Aberdeen plc now owns 2,297,155 shares of the transportation company’s stock valued at $53,616,000 after purchasing an additional 315,143 shares in the last quarter. 61.92% of the stock is owned by hedge funds and other institutional investors.

A number of equities research analysts recently weighed in on HTLD shares. TheStreet downgraded shares of Heartland Express from a “b-” rating to a “c+” rating in a research note on Thursday, April 5th. Morgan Stanley boosted their price target on shares of Heartland Express from $15.00 to $16.00 and gave the stock an “underweight” rating in a research note on Tuesday, February 20th. ValuEngine downgraded shares of Heartland Express from a “hold” rating to a “sell” rating in a research note on Monday, April 2nd. JPMorgan Chase dropped their price target on shares of Heartland Express from $24.00 to $22.00 and set an “underweight” rating for the company in a research note on Wednesday, February 14th. Finally, BidaskClub raised shares of Heartland Express from a “strong sell” rating to a “sell” rating in a research note on Tuesday. Six equities research analysts have rated the stock with a sell rating and five have issued a hold rating to the company. Heartland Express currently has a consensus rating of “Sell” and an average price target of $21.13.

Heartland Express Company Profile

Heartland Express, Inc, through its subsidiaries, operates as a short-to-medium haul truckload carrier in the United States and Canada. The company primarily provides nationwide asset-based dry van truckload service for shippers from Washington to Florida and New England to California; and temperature-controlled transportation services.

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