Heartland Express, Inc. (NASDAQ:HTLD) CEO Michael J. Gerdin Purchases 63,074 Shares of Stock

Heartland Express, Inc. (NASDAQ:HTLD) CEO Michael J. Gerdin acquired 63,074 shares of the business’s stock in a transaction on Monday, November 4th. The stock was acquired at an average price of $10.95 per share, for a total transaction of $690,660.30. Following the acquisition, the chief executive officer now owns 1,259,792 shares of the company’s stock, valued at approximately $13,794,722.40. This trade represents a 0.00 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Heartland Express Trading Up 9.2 %

Shares of HTLD stock opened at $11.88 on Thursday. The company has a market cap of $932.58 million, a price-to-earnings ratio of -40.97 and a beta of 0.71. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.17 and a quick ratio of 1.23. The firm has a fifty day moving average price of $11.74 and a 200-day moving average price of $11.78. Heartland Express, Inc. has a 1 year low of $9.63 and a 1 year high of $14.60.

Heartland Express (NASDAQ:HTLD) last released its earnings results on Tuesday, October 29th. The transportation company reported ($0.12) EPS for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.11). The firm had revenue of $259.86 million for the quarter, compared to the consensus estimate of $268.35 million. Heartland Express had a negative return on equity of 2.70% and a negative net margin of 2.11%. Heartland Express’s revenue was down 11.9% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.14) EPS. As a group, equities analysts predict that Heartland Express, Inc. will post -0.31 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages have recently issued reports on HTLD. StockNews.com raised Heartland Express from a “sell” rating to a “hold” rating in a report on Wednesday, July 24th. Barclays decreased their target price on shares of Heartland Express from $11.00 to $10.00 and set an “underweight” rating for the company in a research note on Monday. Finally, UBS Group reduced their price objective on Heartland Express from $13.00 to $12.00 and set a “neutral” rating for the company in a research report on Wednesday, October 30th. Two analysts have rated the stock with a sell rating and three have assigned a hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $11.50.

Institutional Investors Weigh In On Heartland Express

A number of institutional investors have recently bought and sold shares of HTLD. Nisa Investment Advisors LLC grew its position in shares of Heartland Express by 64.6% during the second 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 in the last quarter. CWM LLC boosted its position in shares of Heartland Express by 266.3% during the second quarter. CWM LLC now owns 2,729 shares of the transportation company’s stock worth $34,000 after acquiring an additional 1,984 shares during the last quarter. EntryPoint Capital LLC purchased a new position in Heartland Express during the first quarter valued at $62,000. Hsbc Holdings PLC bought a new stake in Heartland Express in the 2nd quarter valued at $166,000. Finally, Inspire Advisors LLC boosted its holdings in shares of Heartland Express by 23.3% during the 1st quarter. Inspire Advisors LLC now owns 14,715 shares of the transportation company’s stock valued at $176,000 after purchasing an additional 2,779 shares during the last quarter. Hedge funds and other institutional investors own 53.45% of the company’s stock.

About Heartland Express

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.