Insider Selling: Heartland Express, Inc. (HTLD) EVP Sells $161,070.84 in Stock

Heartland Express, Inc. (NASDAQ:HTLD) EVP John P. Cosaert sold 7,146 shares of the business’s stock in a transaction that occurred on Monday, September 11th. The shares were sold at an average price of $22.54, for a total value of $161,070.84. Following the completion of the sale, the executive vice president now owns 57,668 shares of the company’s stock, valued at $1,299,836.72. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Heartland Express, Inc. (HTLD) opened at 22.55 on Friday. The company’s 50-day moving average price is $21.53 and its 200-day moving average price is $20.58. The company has a market capitalization of $1.88 billion, a P/E ratio of 34.69 and a beta of 0.53. Heartland Express, Inc. has a 52 week low of $17.06 and a 52 week high of $22.98.

Heartland Express (NASDAQ:HTLD) last announced its quarterly earnings data on Wednesday, August 2nd. The transportation company reported $0.18 EPS for the quarter, missing the Zacks’ consensus estimate of $0.19 by ($0.01). Heartland Express had a return on equity of 10.60% and a net margin of 9.89%. The firm had revenue of $129.62 million during the quarter, compared to the consensus estimate of $139.89 million. During the same quarter in the prior year, the business posted $0.20 EPS. Heartland Express’s revenue was down 19.4% compared to the same quarter last year. On average, equities analysts forecast that Heartland Express, Inc. will post $0.70 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Monday, October 2nd. Investors of record on Friday, September 22nd will be given a dividend of $0.02 per share. The ex-dividend date is Thursday, September 21st. This represents a $0.08 annualized dividend and a dividend yield of 0.35%. Heartland Express’s dividend payout ratio (DPR) is presently 12.12%.

TRADEMARK VIOLATION WARNING: “Insider Selling: Heartland Express, Inc. (HTLD) EVP Sells $161,070.84 in Stock” was first published by Chaffey Breeze and is owned by of Chaffey Breeze. If you are reading this article on another domain, it was copied illegally and reposted in violation of United States and international trademark and copyright legislation. The legal version of this article can be read at https://www.chaffeybreeze.com/2017/09/16/insider-selling-heartland-express-inc-htld-evp-sells-161070-84-in-stock.html.

A number of equities research analysts have recently weighed in on the company. TheStreet upgraded Heartland Express from a “c+” rating to a “b” rating in a report on Thursday, September 7th. Zacks Investment Research downgraded Heartland Express from a “hold” rating to a “sell” rating in a report on Monday, September 11th. UBS AG upgraded Heartland Express from a “sell” rating to a “neutral” rating and boosted their price target for the company from $20.00 to $22.00 in a report on Monday, July 10th. BidaskClub downgraded Heartland Express from a “strong-buy” rating to a “buy” rating in a report on Wednesday, July 19th. Finally, Morgan Stanley reiterated an “underweight” rating on shares of Heartland Express in a report on Tuesday, July 11th. Two equities research analysts have rated the stock with a sell rating and six have given a hold rating to the company’s stock. Heartland Express presently has a consensus rating of “Hold” and a consensus target price of $21.75.

Several institutional investors have recently bought and sold shares of HTLD. Teachers Advisors LLC lifted its position in shares of Heartland Express by 5.0% during the 4th quarter. Teachers Advisors LLC now owns 77,103 shares of the transportation company’s stock worth $1,570,000 after buying an additional 3,658 shares during the period. Louisiana State Employees Retirement System lifted its position in shares of Heartland Express by 1.1% during the 1st quarter. Louisiana State Employees Retirement System now owns 17,600 shares of the transportation company’s stock worth $353,000 after buying an additional 200 shares during the period. Great West Life Assurance Co. Can lifted its position in shares of Heartland Express by 2.6% during the 1st quarter. Great West Life Assurance Co. Can now owns 60,874 shares of the transportation company’s stock worth $1,219,000 after buying an additional 1,553 shares during the period. First Trust Advisors LP lifted its position in shares of Heartland Express by 10.0% during the 1st quarter. First Trust Advisors LP now owns 91,708 shares of the transportation company’s stock worth $1,839,000 after buying an additional 8,374 shares during the period. Finally, Bank of New York Mellon Corp lifted its position in shares of Heartland Express by 8.5% during the 1st quarter. Bank of New York Mellon Corp now owns 604,098 shares of the transportation company’s stock worth $12,112,000 after buying an additional 47,449 shares during the period. Institutional investors and hedge funds own 60.91% of the company’s stock.

About Heartland Express

Heartland Express, Inc is a holding company. The Company is a short-to-medium haul truckload carrier. The Company focuses primarily on short- to medium-haul, asset-based dry van truckload services in regional markets near its terminals. The Company’s truckload services are primarily asset-based transportation services in the dry van truckload market, and it also offers truckload temperature-controlled transportation services and non-asset based brokerage services.

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