Heartland Express, Inc. (NASDAQ:HTLD – Get Free Report) major shareholder Ann S. Gerdin Revocable Trust bought 985 shares of the company’s stock in a transaction that occurred on Tuesday, August 29th. The shares were acquired at an average price of $14.99 per share, for a total transaction of $14,765.15. Following the completion of the purchase, the insider now owns 150,565 shares in the company, valued at $2,256,969.35. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Major shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.
Ann S. Gerdin Revocable Trust also recently made the following trade(s):
- On Friday, August 25th, Ann S. Gerdin Revocable Trust bought 1,649 shares of Heartland Express stock. The shares were acquired at an average price of $15.00 per share, for a total transaction of $24,735.00.
- On Tuesday, August 22nd, Ann S. Gerdin Revocable Trust purchased 19,753 shares of Heartland Express stock. The shares were purchased at an average price of $15.00 per share, for a total transaction of $296,295.00.
Heartland Express Stock Up 1.3 %
Shares of HTLD opened at $15.18 on Wednesday. Heartland Express, Inc. has a 52 week low of $13.43 and a 52 week high of $18.17. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.39. The company has a market capitalization of $1.20 billion, a price-to-earnings ratio of 19.71 and a beta of 0.58. The stock’s 50-day moving average price is $15.77 and its 200-day moving average price is $15.76.
Heartland Express Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Thursday, July 6th. Investors of record on Monday, June 26th were issued a $0.02 dividend. The ex-dividend date of this dividend was Friday, June 23rd. This represents a $0.08 dividend on an annualized basis and a yield of 0.53%. Heartland Express’s payout ratio is 10.39%.
Analyst Ratings Changes
Several research firms have weighed in on HTLD. Barclays dropped their price target on Heartland Express from $14.00 to $13.00 in a research note on Monday, July 17th. TheStreet downgraded Heartland Express from a “b-” rating to a “c+” rating in a research note on Monday, July 31st. Morgan Stanley dropped their price target on Heartland Express from $18.00 to $17.00 and set an “equal weight” rating on the stock in a research note on Monday, August 7th. Stephens reiterated an “equal weight” rating and set a $17.00 price target on shares of Heartland Express in a research note on Tuesday, August 1st. Finally, StockNews.com started coverage on Heartland Express in a research note on Thursday, August 17th. They set a “sell” rating on the stock. Two research analysts have rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $16.25.
Read Our Latest Stock Analysis on HTLD
Hedge Funds Weigh In On Heartland Express
A number of large investors have recently bought and sold shares of the business. Vanguard Group Inc. raised its holdings in Heartland Express by 1.5% in the 3rd quarter. Vanguard Group Inc. now owns 5,323,725 shares of the transportation company’s stock worth $76,182,000 after purchasing an additional 79,812 shares during the period. Dimensional Fund Advisors LP raised its holdings in Heartland Express by 3.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,802,741 shares of the transportation company’s stock worth $39,436,000 after purchasing an additional 83,806 shares during the period. ArrowMark Colorado Holdings LLC raised its holdings in Heartland Express by 3.6% in the 4th quarter. ArrowMark Colorado Holdings LLC now owns 2,514,795 shares of the transportation company’s stock worth $38,577,000 after purchasing an additional 87,204 shares during the period. State Street Corp raised its holdings in Heartland Express by 6.3% in the 1st quarter. State Street Corp now owns 2,242,869 shares of the transportation company’s stock worth $31,601,000 after purchasing an additional 131,978 shares during the period. Finally, Ameriprise Financial Inc. raised its holdings in Heartland Express by 11.1% in the 1st quarter. Ameriprise Financial Inc. now owns 1,217,740 shares of the transportation company’s stock worth $19,387,000 after purchasing an additional 122,120 shares during the period. Institutional investors and hedge funds own 53.45% of the company’s stock.
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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