Heartland Express, Inc. (NASDAQ:HTLD) Director Larry J. Gordon sold 44,944 shares of the firm’s stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $22.12, for a total value of $994,161.28. Following the sale, the director now owns 303,159 shares of the company’s stock, valued at approximately $6,705,877.08. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

Shares of HTLD traded down $0.18 during mid-day trading on Friday, hitting $22.00. The stock had a trading volume of 16,159 shares, compared to its average volume of 274,575. The company has a market cap of $1.82 billion, a PE ratio of 24.89 and a beta of 0.77. The company’s fifty day simple moving average is $20.12 and its two-hundred day simple moving average is $19.44. Heartland Express, Inc. has a fifty-two week low of $17.00 and a fifty-two week high of $22.29.

Heartland Express (NASDAQ:HTLD) last issued its earnings results on Thursday, July 18th. The transportation company reported $0.27 EPS for the quarter, topping the consensus estimate of $0.24 by $0.03. The company had revenue of $142.14 million during the quarter, compared to analyst estimates of $144.93 million. Heartland Express had a return on equity of 13.01% and a net margin of 14.00%. The business’s revenue was down 8.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.22 EPS. On average, equities analysts anticipate that Heartland Express, Inc. will post 0.98 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Friday, September 20th will be given a $0.02 dividend. The ex-dividend date of this dividend is Thursday, September 19th. This represents a $0.08 annualized dividend and a dividend yield of 0.36%. Heartland Express’s payout ratio is 9.09%.

A number of equities research analysts have weighed in on the company. Zacks Investment Research upgraded Heartland Express from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 23rd. Seaport Global Securities upgraded Heartland Express from a “neutral” rating to a “buy” rating and set a $25.00 price objective for the company in a research note on Thursday, September 5th. Stephens assumed coverage on Heartland Express in a research note on Monday, July 1st. They set a “hold” rating for the company. Robert W. Baird set a $21.00 price objective on Heartland Express and gave the company a “hold” rating in a research note on Friday, July 19th. Finally, BidaskClub upgraded Heartland Express from a “hold” rating to a “buy” rating in a research note on Tuesday. Five research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Heartland Express presently has a consensus rating of “Hold” and an average price target of $21.40.

Several institutional investors and hedge funds have recently modified their holdings of HTLD. Invesco Ltd. grew its position in shares of Heartland Express by 793.5% in the 2nd quarter. Invesco Ltd. now owns 810,479 shares of the transportation company’s stock worth $14,645,000 after acquiring an additional 719,774 shares in the last quarter. Nuveen Asset Management LLC bought a new stake in shares of Heartland Express in the 2nd quarter worth approximately $10,660,000. Renaissance Technologies LLC lifted its holdings in shares of Heartland Express by 82.1% in the 2nd quarter. Renaissance Technologies LLC now owns 539,233 shares of the transportation company’s stock worth $9,744,000 after purchasing an additional 243,097 shares during the last quarter. Marshall Wace LLP bought a new stake in shares of Heartland Express in the 2nd quarter worth approximately $3,748,000. Finally, Morgan Stanley lifted its holdings in shares of Heartland Express by 123.2% in the 2nd quarter. Morgan Stanley now owns 233,010 shares of the transportation company’s stock worth $4,211,000 after purchasing an additional 128,607 shares during the last quarter. Institutional investors own 56.29% of the company’s stock.

About Heartland Express

Heartland Express, Inc, together with 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 truckload services.

Further Reading: How Do Front-End Loads Impact an Investment?

Receive News & Ratings for Heartland Express Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Heartland Express and related companies with MarketBeat.com's FREE daily email newsletter.