Heartland Express, Inc. (NASDAQ:HTLD) Director Larry J. Gordon sold 29,054 shares of Heartland Express stock in a transaction dated Wednesday, September 12th. The stock was sold at an average price of $21.00, for a total value of $610,134.00. Following the completion of the transaction, the director now owns 352,493 shares of the company’s stock, valued at approximately $7,402,353. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Shares of NASDAQ:HTLD opened at $20.78 on Friday. Heartland Express, Inc. has a 1 year low of $17.38 and a 1 year high of $25.22. The company has a market cap of $1.72 billion, a price-to-earnings ratio of 40.75, a price-to-earnings-growth ratio of 1.75 and a beta of 0.63.

Heartland Express (NASDAQ:HTLD) last announced its earnings results on Thursday, July 19th. The transportation company reported $0.22 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.18 by $0.04. Heartland Express had a return on equity of 7.88% and a net margin of 11.77%. The business had revenue of $155.80 million during the quarter, compared to analyst estimates of $160.07 million. During the same quarter in the previous year, the business earned $0.18 earnings per share. The company’s revenue for the quarter was up 20.2% compared to the same quarter last year. equities research analysts forecast that Heartland Express, Inc. will post 0.8 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 1st. Shareholders of record on Friday, September 21st will be given a dividend of $0.02 per share. The ex-dividend date is Thursday, September 20th. This represents a $0.08 annualized dividend and a dividend yield of 0.38%. Heartland Express’s dividend payout ratio (DPR) is presently 15.69%.

Large investors have recently made changes to their positions in the business. Victory Capital Management Inc. raised its stake in shares of Heartland Express by 15.9% during the second quarter. Victory Capital Management Inc. now owns 18,836 shares of the transportation company’s stock valued at $349,000 after acquiring an additional 2,583 shares in the last quarter. Wells Fargo & Company MN raised its stake in shares of Heartland Express by 4.6% during the first quarter. Wells Fargo & Company MN now owns 73,612 shares of the transportation company’s stock valued at $1,325,000 after acquiring an additional 3,240 shares in the last quarter. Swiss National Bank raised its stake in shares of Heartland Express by 4.6% during the first quarter. Swiss National Bank now owns 79,800 shares of the transportation company’s stock valued at $1,436,000 after acquiring an additional 3,500 shares in the last quarter. US Bancorp DE raised its stake in shares of Heartland Express by 8.2% during the first quarter. US Bancorp DE now owns 46,932 shares of the transportation company’s stock valued at $844,000 after acquiring an additional 3,555 shares in the last quarter. Finally, Bank of America Corp DE raised its stake in shares of Heartland Express by 0.6% during the second quarter. Bank of America Corp DE now owns 576,182 shares of the transportation company’s stock valued at $10,688,000 after acquiring an additional 3,668 shares in the last quarter. Institutional investors and hedge funds own 59.98% of the company’s stock.

Several research analysts recently commented on the company. TheStreet upgraded Heartland Express from a “c+” rating to a “b-” rating in a research report on Thursday, August 30th. Zacks Investment Research upgraded Heartland Express from a “hold” rating to a “buy” rating and set a $23.00 price target for the company in a research report on Wednesday, August 22nd. ValuEngine upgraded Heartland Express from a “sell” rating to a “hold” rating in a research report on Monday, August 20th. Morgan Stanley boosted their target price on Heartland Express from $14.00 to $15.00 and gave the company an “underweight” rating in a research report on Monday, July 23rd. Finally, Robert W. Baird restated a “hold” rating and set a $20.00 target price on shares of Heartland Express in a research report on Friday, July 20th. Three analysts have rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $20.13.

About Heartland Express

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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