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.
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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