Heartland Express, Inc. (NASDAQ:HTLD – Get Rating) Director Michael John Sullivan acquired 2,000 shares of the firm's stock in a transaction that occurred on Wednesday, September 7th. The stock was purchased at an average cost of $14.28 per share, for a total transaction of $28,560.00. Following the completion of the purchase, the director now directly owns 14,902 shares of the company's stock, valued at $212,800.56. The transaction was disclosed in a legal filing with the SEC, which is available through this link.
Heartland Express Stock Performance
NASDAQ HTLD opened at $14.75 on Friday. The firm's fifty day moving average price is $15.20 and its two-hundred day moving average price is $14.41. The stock has a market cap of $1.16 billion, a PE ratio of 8.43 and a beta of 0.56. Heartland Express, Inc. has a fifty-two week low of $12.78 and a fifty-two week high of $17.88. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.34 and a current ratio of 2.34.
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Heartland Express (NASDAQ:HTLD – Get Rating) last posted its earnings results on Monday, July 25th. The transportation company reported $0.97 earnings per share for the quarter, topping analysts' consensus estimates of $0.33 by $0.64. The firm had revenue of $187.20 million for the quarter, compared to analysts' expectations of $164.27 million. Heartland Express had a net margin of 21.64% and a return on equity of 18.49%. The company's revenue was up 21.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.26 earnings per share. On average, equities analysts expect that Heartland Express, Inc. will post 1.83 EPS for the current fiscal year.
Heartland Express Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Thursday, July 7th. Stockholders of record on Monday, June 27th were issued a dividend of $0.02 per share. The ex-dividend date of this dividend was Friday, June 24th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.54%. Heartland Express's dividend payout ratio (DPR) is presently 4.57%.
Wall Street Analyst Weigh In
A number of brokerages recently issued reports on HTLD. Robert W. Baird lifted their price objective on shares of Heartland Express from $14.00 to $17.00 and gave the company a "neutral" rating in a research note on Tuesday, August 23rd. UBS Group lifted their price objective on shares of Heartland Express to $16.00 in a research note on Tuesday, July 26th. Morgan Stanley lifted their price objective on shares of Heartland Express from $16.00 to $17.00 and gave the company an "equal weight" rating in a research note on Monday, August 29th. Finally, StockNews.com cut shares of Heartland Express from a "buy" rating to a "hold" rating in a research note on Wednesday, August 17th. One investment analyst has rated the stock with a sell rating and four have given a hold rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $15.83.
Hedge Funds Weigh In On Heartland Express
A number of hedge funds have recently modified their holdings of HTLD. Victory Capital Management Inc. lifted its holdings in shares of Heartland Express by 7.0% during the fourth quarter. Victory Capital Management Inc. now owns 41,595 shares of the transportation company's stock worth $700,000 after purchasing an additional 2,720 shares during the period. ProShare Advisors LLC acquired a new position in shares of Heartland Express during the fourth quarter worth $198,000. Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Heartland Express during the fourth quarter worth $909,000. Skandinaviska Enskilda Banken AB publ acquired a new position in shares of Heartland Express during the fourth quarter worth $1,063,000. Finally, WINTON GROUP Ltd lifted its holdings in Heartland Express by 133.2% in the fourth quarter. WINTON GROUP Ltd now owns 69,253 shares of the transportation company's stock valued at $1,165,000 after buying an additional 39,556 shares during the period. Institutional investors and hedge funds own 55.31% of the company's stock.
About Heartland Express
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Heartland Express, Inc, together with its subsidiaries, operates as a short-to-medium haul truckload carrier in the United States and Canada. It primarily provides nationwide asset-based dry van truckload service for shippers from Washington to Florida and New England to California; and temperature-controlled truckload services.
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