Heartland Express, Inc. (NASDAQ:HTLD – Get Free Report) CEO Michael J. Gerdin purchased 50,000 shares of the business’s stock in a transaction on Wednesday, September 11th. The shares were bought at an average price of $11.67 per share, for a total transaction of $583,500.00. Following the acquisition, the chief executive officer now owns 1,196,718 shares in the company, valued at $13,965,699.06. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
Heartland Express Stock Up 1.6 %
Shares of NASDAQ:HTLD opened at $12.11 on Friday. The firm has a 50 day simple moving average of $12.31 and a 200-day simple moving average of $11.76. Heartland Express, Inc. has a twelve month low of $9.63 and a twelve month high of $16.29. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 0.27. The company has a market capitalization of $950.64 million, a PE ratio of -71.24 and a beta of 0.69.
Heartland Express (NASDAQ:HTLD – Get Free Report) last announced its quarterly earnings results on Tuesday, July 23rd. The transportation company reported ($0.04) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.02. Heartland Express had a negative net margin of 2.17% and a negative return on equity of 2.84%. The firm had revenue of $274.80 million during the quarter, compared to analysts’ expectations of $275.23 million. During the same period in the previous year, the company earned $0.10 earnings per share. Heartland Express’s quarterly revenue was down 10.3% compared to the same quarter last year. On average, equities analysts predict that Heartland Express, Inc. will post -0.17 EPS for the current fiscal year.
Institutional Inflows and Outflows
Analyst Upgrades and Downgrades
A number of analysts recently weighed in on the stock. UBS Group lowered shares of Heartland Express from a “buy” rating to a “neutral” rating and cut their target price for the stock from $15.00 to $13.00 in a research note on Tuesday, July 9th. StockNews.com upgraded shares of Heartland Express from a “sell” rating to a “hold” rating in a report on Wednesday, July 24th. Barclays boosted their target price on shares of Heartland Express from $10.00 to $11.00 and gave the stock an “underweight” rating in a research note on Thursday, August 1st. Finally, JPMorgan Chase & Co. restated an “underweight” rating and issued a $10.00 price target (down from $12.00) on shares of Heartland Express in a research note on Tuesday, July 9th. Two investment analysts have rated the stock with a sell rating and three have given a hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $12.00.
Read Our Latest Research Report on Heartland Express
Heartland Express Company Profile
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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