Heartland Express (NASDAQ:HTLD) Azioni

Heartland Express

Heartland Express Inc is engaged in providing truckload services across the United States, Mexico, and Canada. These truckload services are asset-based transportation services in the dry van truckload market. The company offers truckload temperature-controlled transportation services, and Mexico logistics services. A majority of its customers represent the consumer goods, appliances, food products, and automotive industries.

Heartland Express Inc

JP Morgan analyst Brian Ossenbeck maintains Heartland Express (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HTLD#NASDAQ">HTLD</a>) with a Underweight and lowers the price target from $10 to $9.

News

Price Target

Analyst Ratings

HTLD

JP Morgan Maintains Underweight on Heartland Express, Lowers Price Target to $9

Heartland Express (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HTLD#NASDAQ">HTLD</a>) reported quarterly losses of $(0.18) per share which missed the analyst consensus estimate of $(0.08) by 125 percent. This is a 5.26 percent increase over losses of $(0.19) per share from the same period last year. The company reported quarterly sales of $219.42 million which missed the analyst consensus estimate of $241.37 million by 9.09 percent. This is a 18.83 percent decrease over sales of $270.32 million the same period last year.

Earnings

Earnings Misses

Heartland Express Q1 EPS $(0.18) Misses $(0.08) Estimate, Sales $219.42M Miss $241.37M Estimate

Barclays analyst Brandon Oglenski maintains Heartland Express (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HTLD#NASDAQ">HTLD</a>) with a Underweight and lowers the price target from $11 to $9.

Barclays Maintains Underweight on Heartland Express, Lowers Price Target to $9

Barclays analyst Brandon Oglenski maintains Heartland Express (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HTLD#NASDAQ">HTLD</a>) with a Underweight and raises the price target from $10 to $11.

Barclays Maintains Underweight on Heartland Express, Raises Price Target to $11

Barclays analyst Brandon Oglenski maintains Heartland Express (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HTLD#NASDAQ">HTLD</a>) with a Underweight and lowers the price target from $11 to $10.

Barclays Maintains Underweight on Heartland Express, Lowers Price Target to $10

UBS analyst Thomas Wadewitz maintains Heartland Express (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HTLD#NASDAQ">HTLD</a>) with a Neutral and lowers the price target from $13 to $12.

UBS Maintains Neutral on Heartland Express, Lowers Price Target to $12

Heartland Express (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HTLD#NASDAQ">HTLD</a>) reported quarterly losses of $(0.12) per share which missed the analyst consensus estimate of $0.01 by 1300 percent. The company reported quarterly sales of $259.861 million which missed the analyst consensus estimate of $268.440 million by 3.20 percent. This is a 11.92 percent decrease over sales of $295.026 million the same period last year.

Heartland Express Q3 2024 GAAP EPS $(0.12) Misses $0.01 Estimate, Sales $259.861M Miss $268.440M Estimate

Although U.S. stocks closed higher on Friday, there were a few notable insider trades.
When insiders purchase shares, it indicates their confidence in the company&#8217;s prospects or that they view the stock as a bargain. Either way, this signals an opportunity to go long on the stock. Insider purchases should not be taken as the only indicator for making an investment or trading decision. At best, it can lend conviction to a buying decision.
Below is a look at a few recent notable insider purchases. For more, check out <a href="https://www.benzinga.com/sec/insider-trades/">Benzinga&#8217;s insider transactions</a> platform.
<h3 class="wp-block-heading">PBF Energy</h3>
<ul>
<li>The Trade: PBF Energy Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PBF#NYSE">PBF</a>) 10% owner Control Empresarial de Capitales S.A. de C.V. <a href="https://www.benzinga.com/quote/ONEW/analyst-ratings">acquired a total of 845,000 shares at</a> an average price of $31.28. To acquire these shares, it cost around $26.4 million.</li>
<li>What's Happening: PBF Energy will release its earnings results for the third quarter 2024 on Thursday, Oct. 31.</li>
<li>What PBF Energy Does: PBF Energy Inc is an independent petroleum refiner and supplier of unbranded transportation fuels, heating oil, petrochemical feedstocks, lubricants, and other petroleum products in the United States.</li>
</ul>
<h3 class="wp-block-heading">Heartland Express</h3>
<ul>
<li>The Trade: Heartland Express, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HTLD#NASDAQ">HTLD</a>) CEO Michael J Gerdin acquired a total of 50,000 shares at an average price of $11.67. To acquire these shares, it cost around $583,675.</li>
<li>What's Happening: On July 23, Heartland Express posted downbeat quarterly sales.</li>
<li>What Heartland Express Does: Heartland Express Inc is engaged in providing truckload services across the United States and Canada.</li>
</ul>
<h3 class="wp-block-heading">Teladoc Health</h3>
<ul>
<li>The Trade: Teladoc Health, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TDOC#NYSE">TDOC</a>) Director Thomas McKinley <a href="https://www.benzinga.com/sec/insider-trades/">bought a total of 4,000 shares</a> at an average price of $7.69. To acquire these shares, it cost around $30,756.</li>
<li>What's Happening: On Aug. 26, JP Morgan analyst Lisa Gill maintained Teladoc Health with a Neutral and lowered the price target from $16 to $9.</li>
<li>What Teladoc Health Does: Teladoc Health is a virtual health provider with a telehealth platform delivering on-demand healthcare via mobile devices, the internet, video, and phone. </li>
</ul>
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</ul>

TDOC

More Than $26M Bet On PBF Energy? Check Out These 3 Stocks Executives Are Buying

Heartland Express (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HTLD#NASDAQ">HTLD</a>) reported quarterly losses of $(0.04) per share which met the analyst consensus estimate. This is a 140 percent decrease over earnings of $0.10 per share from the same period last year. The company reported quarterly sales of $274.75 million which missed the analyst consensus estimate of $275.13 million by 0.14 percent. This is a 10.26 percent decrease over sales of $306.17 million the same period last year.

Heartland Express Q2 EPS $(0.04), Inline, Sales $274.75M Miss $275.13M Estimate

UBS analyst Thomas Wadewitz downgrades Heartland Express (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HTLD#NASDAQ">HTLD</a>) from Buy to Neutral and lowers the price target from $15 to $13.

Downgrades

UBS Downgrades Heartland Express to Neutral, Lowers Price Target to $13

Shares of Helen of Troy Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HELE#NASDAQ">HELE</a>) fell sharply during Tuesday's session after the company reported soft first-quarter earnings and <a href="https://www.benzinga.com/quote/HELE/earnings">lowered its FY25 guidance</a>.
Helen of Troy reported quarterly earnings of 99 cents per share which missed the analyst consensus estimate of $1.59. The company reported quarterly sales of $416.85 million which missed the analyst consensus estimate of $446.22 million, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
Helen of Troy shares dipped 30.3% to $62.06 on Tuesday.
Here are some other stocks moving in today&#8217;s mid-day session.
<h3 class="wp-block-heading">Gainers</h3>
<ul>
<li>Soligenix, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SNGX#NASDAQ">SNGX</a>) shares jumped 195% to $5.90 after the company announced interim results for extended HyBryte treatment in early-stage CTCL patients.</li>
<li>uniQure N.V. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QURE#NASDAQ">QURE</a>) shares jumped 55.4% to $5.87 after the company announced updated interim data including up to 24 months of follow-up data from 29 treated patients enrolled in the ongoing U.S. and European Phase I/II clinical trials of AMT-130 for the treatment of Huntington&#8217;s disease.</li>
<li>Pineapple Energy Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PEGY#NASDAQ">PEGY</a>) gained 54.4% to $1.8550 after the company engaged Conduit Capital to provide structural internal support, staffing, and assistance with capital-raising activities.</li>
<li>Anew Medical, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WENA#NASDAQ">WENA</a>) rose 40% to $2.0350 after the company announced plans to accelerate its Klotho gene therapy program for neurodegenerative disorders.</li>
<li>Expensify, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EXFY#NASDAQ">EXFY</a>) rose 32% to $1.9150.</li>
<li>Longeveron Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LGVN#NASDAQ">LGVN</a>) rose 32% to $2.72. Longeveron said Neha Motwani, a senior healthcare investment banker, has been elected to the Longeveron Board of Directors.</li>
<li>Zapp Electric Vehicles Group Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZAPP#NASDAQ">ZAPP</a>) shares rose 31.5% to $12.16 after gaining 127% on Monday.</li>
<li>Silynxcom Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SYNX#NASDAQ">SYNX</a>) jumped 29.6% to $3.59 as the company received $500,000 in orders from the Israel Defense Forces.</li>
<li>Janover Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JNVR#NASDAQ">JNVR</a>) rose 25% to $0.9666 after the company announced that its AI loan advisor generated over 4,000 deals worth over $25 billion to date in 2024. Also, the company announced it facilitated nearly $10 million in funded loans this year.</li>
<li>Kymera Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KYMR#NASDAQ">KYMR</a>) gained 21.7% to $38.91.</li>
<li>Jumia Technologies AG (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JMIA#NYSE">JMIA</a>) climbed 20.7% to $10.22 after Benchmark initiated coverage on the stock with a Buy rating and $14 price target.</li>
<li>Myomo, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MYO#NASDAQ">MYO</a>) gained 20% to $4.9233. Myomo recently issued preliminary second-quarter revenue guidance above estimates.</li>
<li>ReShape Lifesciences Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RSLS#NASDAQ">RSLS</a>) climbed 19.8% to $0.2450 after the company announced an all-stock merger with Vyome. Additionally, ReShape will sell its assets to an affiliate of Biorad Medisys for $5.16 million.</li>
<li>Arlo Technologies, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARLO#NYSE">ARLO</a>) shares rose 14.5% to $15.80 after the company's subscription service surpassed 4 million paid accounts.</li>
<li>Qilian International Holding Group Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QLI#NASDAQ">QLI</a>) gained 12.2% to $4.39.</li>
<li>Larimar Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LRMR#NASDAQ">LRMR</a>) rose 9.9% to $9.00.</li>
<li>Revolution Medicines, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RVMD#NASDAQ">RVMD</a>) climbed 9.7% to $43.37.</li>
<li>Beam Global (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BEEM#NASDAQ">BEEM</a>) shares gained 9.5% to $7.10 after jumping around 18% on Monday. Beam Global recently announced a year-over-year increase in second-quarter new orders.</li>
<li>Cirrus Logic, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRUS#NASDAQ">CRUS</a>) gained 4.4% to $136.15. Keybanc analyst John Vinh maintained Cirrus Logic with an Overweight and raised the price target from $120 to $155.</li>
</ul>
<h3 class="wp-block-heading">Losers</h3>
<ul>
<li>China Liberal Education Holdings Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CLEU#NASDAQ">CLEU</a>) shares declined 41% to $0.3350.</li>
<li>Indivior PLC (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INDV#NASDAQ">INDV</a>) shares dipped 35.3% to $9.93 after the company lowered its FY24 guidance.</li>
<li>Globavend Holdings Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GVH#NASDAQ">GVH</a>) fell 32.5% to $0.5555.</li>
<li>Shapeways Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SHPW#NASDAQ">SHPW</a>) fell 30.8% to $0.3376 after jumping 132% on Monday.</li>
<li>Qualigen Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QLGN#NASDAQ">QLGN</a>) fell 21.5% to $0.2201.</li>
<li>Clene Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CLNN#NASDAQ">CLNN</a>) fell 17.8% to $0.2852. Clene announced a 1-for-20 reverse stock split effective July 11, 2024.</li>
<li>Novo Integrated Sciences, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVOS#NASDAQ">NVOS</a>) shares fell 16.4% to $0.6315.</li>
<li>Greenlane Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GNLN#NASDAQ">GNLN</a>) shares fell 15.8% to $0.2436 after gaining 5% on Monday.</li>
<li>Novo Integrated Sciences, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVOS#NASDAQ">NVOS</a>) declined 15.7% to $0.6359.</li>
<li>Tonix Pharmaceuticals Holding Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TNXP#NASDAQ">TNXP</a>) fell 15.6% to $0.6010 after the company announced pricing of approximately $4.0 million public offering.</li>
<li>Assure Holdings Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IONM#NASDAQ">IONM</a>) fell 15.4% to $4.83.</li>
<li>Applied Digital Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APLD#NASDAQ">APLD</a>) declined 14.5% to $6.11. Applied Digital said it sees fourth-quarter revenue of $41.7 million to $43.7 million versus estimates of $52.36 million.</li>
<li>Helios Technologies, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HLIO#NYSE">HLIO</a>) shares declined 13.4% to $40.10 after the company announced leadership team update. The company named Sean Bagan as Interim President and CEO.</li>
<li>Hywin Holdings Ltd &#8211; ADR (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HYW#NASDAQ">HYW</a>) shares fell 10.2% to $0.35 after jumping over 25% on Monday.</li>
<li>Cryoport, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CYRX#NASDAQ">CYRX</a>) shares declined 8.9% to $5.78.</li>
<li>Logistic Properties of the Americas (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LPA#NYSE">LPA</a>) dipped 8.6% to $9.01.</li>
<li>NWTN Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NWTN#NASDAQ">NWTN</a>) fell 7.5% to $1.22.</li>
<li>Albemarle Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALB#NYSE">ALB</a>) fell 7.1% to $92.10. Baird analyst Ben Kallo maintained Albemarle with an Outperform and lowered the price target from $170 to $127.</li>
<li>ChargePoint Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CHPT#NYSE">CHPT</a>) declined 7% to $1.7285.</li>
<li>Heartland Express, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HTLD#NASDAQ">HTLD</a>) fell 6.3% to $11.43. JP Morgan analyst Brian Ossenbeck downgraded Heartland Express from Neutral to Underweight and lowered the price target from $12 to $10.</li>
<li>UiPath Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PATH#NYSE">PATH</a>) fell 6% to $12.05 after the company announced it plans restructuring actions to manage its operating expenses that includes a 10% workforce reduction.</li>
<li>BP p.l.c. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BP#NYSE">BP</a>) shares fell 4.3% to $34.99 after the company disclosed the trading update for the second quarter of FY24, with oil trading results expected to be weak after a strong first quarter.</li>
</ul>
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Markets

Movers

Trading Ideas

APLD

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CRUS

CYRX

EXFY

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HLIO

INDV

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Larimar Therapeutics, Inc. - Common Stock

LRMR

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WENA

ZAPP

Why Helen of Troy Shares Are Trading Lower By Around 30%? Here Are Other Stocks Moving In Tuesday's Mid-Day Session

U.S. stock futures were higher this morning, with the Dow futures gaining around 50 points on Tuesday.
Shares of Indivior PLC (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INDV#NASDAQ">INDV</a>) fell sharply in today's pre-market trading after the company lowered its <a href="https://www.benzinga.com/quote/INDV/earnings">fiscal 2024 guidance.</a>
The company said it now expects 2024 net revenue of $1.15 billion to $1.215 billion, versus prior forecast of $1.24 billion to $1.33 billion.
Indivior shares tumbled 43.2% to $8.71 in the pre-market trading session.
Here are some big stocks recording losses in today's pre-market trading session.
<ul>
<li>Helen of Troy Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HELE#NASDAQ">HELE</a>) shares fell 27.5% to $64.50 in pre-market trading after the company reported downbeat first-quarter results and lowered FY25 guidance.</li>
<li>Helios Technologies, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HLIO#NYSE">HLIO</a>) shares declined 10.1% to $41.67 in pre-market trading after the company announced leadership team update. The company named Sean Bagan as Interim President and CEO.</li>
<li>BP p.l.c. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BP#NYSE">BP</a>) shares fell 4.5% to $34.91 in pre-market trading after the company disclosed the trading update for the second quarter of FY24, with oil trading results expected to be weak after a strong first quarter.</li>
<li>Werner Enterprises, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WERN#NASDAQ">WERN</a>) declined 4.4% to $33.33 in pre-market trading.</li>
<li>Heartland Express, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HTLD#NASDAQ">HTLD</a>) fell 3.7% to $11.75 in pre-market trading.</li>
<li>NANO Nuclear Energy Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NNE#NASDAQ">NNE</a>) declined 3.6% to $28.72 in pre-market trading after gaining around 5% on Monday.</li>
<li>Equinox Gold Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EQX#NYSE">EQX</a>) shares slipped 3% to $5.60 in pre-market trading.</li>
</ul>
Now Read This: <a href="https://www.benzinga.com/trading-ideas/long-ideas/24/07/39665755/wall-streets-most-accurate-analysts-say-buy-these-3-utilities-stocks-delivering-high-div">Wall Street&#8217;s Most Accurate Analysts Say Buy These 3 Utilities Stocks Delivering High-Dividend Yields</a>
Don't forget to check out our <a href="https://www.benzinga.com/premarket/">premarket coverage here</a>

Pre-Market Outlook

WERN

Indivior Cuts 2024 Outlook, Joins BP And Other Big Stocks Moving Lower In Tuesday's Pre-Market Session

JP Morgan analyst Brian Ossenbeck downgrades Heartland Express (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HTLD#NASDAQ">HTLD</a>) from Neutral to Underweight and lowers the price target from $12 to $10.

JP Morgan Downgrades Heartland Express to Underweight, Lowers Price Target to $10

Although U.S. stocks closed mixed on Tuesday, there were a few notable insider trades.
When insiders purchase shares, it indicates their confidence in the company&#8217;s prospects or that they view the stock as a bargain. Either way, this signals an opportunity to go long on the stock. Insider purchases should not be taken as the only indicator for making an investment or trading decision. At best, it can lend conviction to a buying decision.
Below is a look at a few recent notable insider purchases. For more, check out <a href="https://www.benzinga.com/sec/insider-trades/">Benzinga&#8217;s insider transactions</a> platform.
<h3 class="wp-block-heading">Aon</h3>
<ul>
<li>The Trade: Aon plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AON#NYSE">AON</a>) Director Lester B Knight <a href="https://www.benzinga.com/quote/AON/analyst-ratings">acquired a total of 10,000 shares</a> an average price of $276.61. To acquire these shares, it cost around $2.77 million.</li>
<li>What's Happening: On April 26, Aon reported worse-than-expected first-quarter financial results.</li>
<li>What Aon Does: Aon is a leading global provider of insurance and reinsurance brokerage and human resources solutions.</li>
</ul>
<h3 class="wp-block-heading">Heartland Express</h3>
<ul>
<li>The Trade: Heartland Express, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HTLD#NASDAQ">HTLD</a>) 10% owner Julie J Durr acquired a total of 8,089 shares at an average price of $10.74. To acquire these shares, it cost around $86,899.</li>
<li>What's Happening: On April 23, Heartland Express reported better-than-expected first-quarter sales results.</li>
<li>What Heartland Express Does: Heartland Express Inc is engaged in providing truckload services across the United States and Canada.</li>
</ul>
Don&#8217;t forget to check out our <a href="https://www.benzinga.com/premarket/">premarket coverage here</a>
<h3 class="wp-block-heading">908 Devices</h3>
<ul>
<li>The Trade: 908 Devices Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MASS#NASDAQ">MASS</a>) President and CEO Kevin J. Knopp <a href="https://www.benzinga.com/sec/insider-trades/">bought a total of 10,000 shares</a> at an average price of $5.60. To acquire these shares, it cost around $56,000.</li>
<li>What's Happening: On April 30, 908 Devices posted upbeat quarterly earnings.</li>
<li>What 908 Devices Does: 908 Devices Inc manufactures medical devices. It has developed a suite of purpose-built handheld and desktop mass spectrometry, or Mass Spec, devices for the point-of-need.</li>
</ul>
Read More: <a href="https://www.benzinga.com/news/earnings/24/05/38692433/investor-sentiment-falls-further-dow-gains-for-fifth-session">Investor Sentiment Falls Further, Dow Gains For Fifth Session</a>

Long Ideas

Insider Trades

MASS

$2.8M Bet On Aon? Check Out These 3 Stocks Insiders Are Buying

Although U.S. stocks closed higher on Friday, there were a few notable insider trades.
When insiders purchase shares, it indicates their confidence in the company&#8217;s prospects or that they view the stock as a bargain. Either way, this signals an opportunity to go long on the stock. Insider purchases should not be taken as the only indicator for making an investment or trading decision. At best, it can lend conviction to a buying decision.
Below is a look at a few recent notable insider purchases. For more, check out <a href="https://www.benzinga.com/sec/insider-trades/">Benzinga&#8217;s insider transactions</a> platform.
<h3 class="wp-block-heading">Heartland Express</h3>
<ul>
<li>The Trade: Heartland Express, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HTLD#NASDAQ">HTLD</a>) CEO Michael J Gerdin <a href="https://www.benzinga.com/quote/HTLD/analyst-ratings">acquired a total of 107,605 shares</a> at an average price of $10.74. To acquire these shares, it cost around $1.12 million.</li>
<li>What's Happening: On April 23, Heartland Express reported better-than-expected first-quarter sales results.</li>
<li>What Heartland Express Does: Heartland Express Inc is engaged in providing truckload services across the United States and Canada.</li>
</ul>
<h3 class="wp-block-heading">Logitech International</h3>
<ul>
<li>The Trade: Logitech International S.A. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LOGI#NASDAQ">LOGI</a>) CFO Charles D Boynton acquired a total of 1,225 shares at an average price of $81.27. To acquire these shares, it cost around $99,560..</li>
<li>What's Happening: On April 29, Logitech International posted better-than-expected fourth-quarter earnings.</li>
<li>What Logitech International Does: Logitech was founded in 1981 and is headquartered in Lausanne, Switzerland.</li>
</ul>
Don&#8217;t forget to check out our <a href="https://www.benzinga.com/premarket/">premarket coverage here</a>
<h3 class="wp-block-heading">Delta Air Lines</h3>
<ul>
<li>The Trade: Delta Air Lines, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DAL#NYSE">DAL</a>) Director Willie CW Chiang <a href="https://www.benzinga.com/sec/insider-trades/">bought a total of 10,000 shares</a>at an average price of $49.50. To acquire these shares, it cost around $494,955.</li>
<li>What's Happening: On April 10, Delta Air Lines reported better-than-expected first-quarter earnings.</li>
<li>What Delta Air Lines Does: Atlanta-based Delta Air Lines is one of the world&#8217;s largest airlines, with a network of over 300 destinations in more than 50 countries.</li>
</ul>
Read More: <a href="https://www.benzinga.com/news/24/05/38611902/wall-streets-most-accurate-analysts-views-on-3-tech-telecom-stocks-delivering-high-dividend-yields">Wall Street&#8217;s Most Accurate Analysts&#8217; Views On 3 Tech &amp; Telecom Stocks Delivering High-Dividend Yields</a>

LOGI

Over $1M Bet On Heartland Express? Check Out These 3 Stocks Insiders Are Buying

<div>Heartland Express (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/htld#NASDAQ">HTLD</a>) said a prolonged period of soft freight demand, excess truck capacity and cost inflation were the reasons for a $15.1 million net loss in the 2024 first quarter.</div>

On Tuesday, the North Liberty, Iowa-based truckload carrier reported a 19-cent-per-share loss for the period, 7 cents worse than the consensus estimate and 35 cents worse year over year (y/y). This was the company's third straight net loss when excluding one-time gains from the sale of real estate. (It booked $25.6 million in gains from the sale of three terminals in the fourth quarter.)

During the first quarter, Heartland recorded a small loss on the disposition of equipment. Compared to the year-ago period, the line item was a 7-cent headwind.

Revenue fell 18% y/y to $270 million but was down just 2% from the fourth quarter. The company does not provide operating metrics for utilization and pricing.

Like other carriers have reported, Heartland is refusing to budge in rate negotiations and is working to cull unprofitable freight from the network.

"We worked to reduce unprofitable freight, did not rely on broker freight, and refused to lower our freight rates to meet the unsustainable requests of certain customers, all of which had a negative impact on our revenues in comparison to the same period of the prior year" CEO Mike Gerdin said in a news release.

<img alt="" src="https://www.freightwaves.com/wp-content/uploads/2024/04/23/Heartlands-KPI-table.jpg" />

Table: Heartland's key performance indicators

Heartland reported a 105.6% adjusted operating ratio, which was 1,420 basis points worse y/y but on par with the fourth-quarter result (excluding the real estate gains). Salaries, wages and benefits expenses (up 440 bps as a percentage of revenue), depreciation and amortization expenses (up 260 bps), and insurance and claims expenses (up 210 bps) increased the most in the period.

Heartland has struggled to integrate two large acquisitions made in rapid succession in mid-2022, shortly after the onset of a freight recession. It normally provides an OR breakdown for recently acquired fleets — Contract Freighters Inc. and Smith Transport — as well as its legacy operations, but didn't in the Tuesday update.

It said it continues to work on cost reduction and other efficiency initiatives to eventually move the combined operation to an 85% or better OR. It noted sequential improvement in revenue and OR in each month of the first quarter, however, severe winter storms in January provided a low starting point, meaning the month-over-month improvements may be no better than normal seasonal trends.

Heartland generated $31 million in cash flow from operations during the first quarter. It has reduced its debt load (including financing lease obligations) by nearly half to $264 million since the acquisitions closed. It has $24 million in cash and an untapped credit line with $88 million in available borrowing capacity.

"We continue to believe that the freight market will improve as more capacity exits the market so the industry as a whole can return to more disciplined operating decisions and improved financial results" Gerdin said.

Shares of HTLD were up 1.5% Tuesday compared to the S&amp;P 500, which was up 1.2%.

The post <a href="https://www.freightwaves.com/news/heartland-express-books-another-net-loss">Heartland Express books another net loss</a> appeared first on <a href="https://www.freightwaves.com">FreightWaves</a>.

Small Cap

Heartland Express Books Another Net Loss

JP Morgan analyst Brian Ossenbeck maintains Heartland Express (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HTLD#NASDAQ">HTLD</a>) with a Neutral and lowers the price target from $13 to $12.

JP Morgan Maintains Neutral on Heartland Express, Lowers Price Target to $12

Heartland Express (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HTLD#NASDAQ">HTLD</a>) reported quarterly losses of $(0.19) per share which missed the analyst consensus estimate of $(0.09) by 111.11 percent. The company reported quarterly sales of $270.320 million which beat the analyst consensus estimate of $265.000 million by 2.01 percent. This is a 18.31 percent decrease over sales of $330.916 million the same period last year.

Earnings Beats

Heartland Express Q1 2024 GAAP EPS $(0.19) Misses $(0.09) Estimate, Sales $270.320M Beat $265.000M Estimate

Press Releases

Heartland Express, Inc. Reports Operating Results for the Second Quarter of 2024

Heartland Express, Inc. Announces Participation in Upcoming Conference

Dividends

Heartland Express, Inc. Declares Regular Quarterly Dividend

Heartland Express, Inc. Reports Operating Results for the Third Quarter of 2024

Heartland Express, Inc. Reports Fourth Quarter and Annual Financial Results

Heartland Express, Inc. Reports Operating Results for the First Quarter of 2025

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