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HTLD Heartland Express

Heartland Express, Inc. is a holding company, which engages in the provision of short-to-medium haul truckload carrier services. It offers long haul truckload and regional truckload transportation. The company was founded by Russell A. Gerdin in 1978 and is headquartered in North Liberty, IA.

Company profile

HTLD stock data

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Calendar

21 Feb 21
18 Apr 21
31 Dec 21
Quarter (USD)
Dec 20 Sep 20 Jun 20 Mar 20
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Annual (USD)
Dec 20 Dec 19 Dec 18 Dec 17
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Financial data from company earnings reports.

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
22 Dec 20 Gerdin Michael J Common Stock Gift Dispose G No No 0 53,000 0 628,124
7 Dec 20 Ann S. Gerdin Revocable Trust Common Stock Gift Aquire G Yes No 0 328,412 0 4,245,275
7 Dec 20 Ann S. Gerdin Revocable Trust Common Stock Gift Aquire G No No 0 819,878 0 14,478,232
7 Dec 20 Gerdin Michael J Common Stock Gift Aquire G Yes No 0 819,878 0 14,478,232
7 Dec 20 Gerdin Michael J Common Stock Gift Dispose G Yes No 0 1,148,290 0 4,500,000
7 Dec 20 Gerdin Michael J Common Stock Gift Aquire G Yes No 0 328,412 0 4,245,275
1 Dec 20 Ann S. Gerdin Revocable Trust Common Stock Gift Dispose G No No 0 4,500,000 0 13,658,354
1 Dec 20 Gerdin Michael J Common Stock Gift Dispose G Yes No 0 4,500,000 0 13,658,354
1 Dec 20 Gerdin Michael J Common Stock Gift Aquire G Yes No 0 4,500,000 0 5,648,290
5 Nov 20 Sullivan Michael John Common Stock Buy Aquire P No No 18.71 500 9.36K 9,902

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

87.9% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 174 173 +0.6%
Opened positions 25 29 -13.8%
Closed positions 24 20 +20.0%
Increased positions 51 73 -30.1%
Reduced positions 68 40 +70.0%
13F shares
Current Prev Q Change
Total value 974.25M 858.22M +13.5%
Total shares 70.24M 46.14M +52.2%
Total puts 0 0
Total calls 0 0
Total put/call ratio
Largest owners
Shares Value Change
HTLD Heartland Express 16.42M $0 NEW
BLK Blackrock 8.09M $146.41M +1.6%
American Century Investment Management 7.48M $135.35M NEW
American Century Companies 7.28M $131.72M +8.6%
Vanguard 4.86M $87.92M +0.8%
Dimensional Fund Advisors 3.25M $58.86M -1.4%
ArrowMark Colorado 2.77M $50.2M +1.7%
STT State Street 1.82M $32.87M +3.6%
GW&K Investment Management 1.21M $21.89M -0.2%
MS Morgan Stanley 976.14K $17.67M +550.2%
Largest transactions
Shares Bought/sold Change
HTLD Heartland Express 16.42M +16.42M NEW
American Century Investment Management 7.48M +7.48M NEW
MS Morgan Stanley 976.14K +826.02K +550.2%
Norges Bank 689.73K +689.73K NEW
American Century Companies 7.28M +574.72K +8.6%
Healthcare Of Ontario Pension Plan Trust Fund 569K +569K NEW
Assenagon Asset Management 0 -397.95K EXIT
Russell Investments 30.04K -373.93K -92.6%
GS Goldman Sachs 185.2K -316.72K -63.1%
Cooper Creek Partners Management 0 -309.15K EXIT

Financial report summary

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Management Discussion
  • On August 26, 2019 we completed our third acquisition within seven years. We acquired all the outstanding equity of Millis Transfer. The Millis Transfer acquisition added additional dry van truckload capacity to our core operations during the period August 26, 2019 to December 31, 2019 and for the full year of 2020.
  • Operating revenue increased $48.5 million (8.1%), to $645.3 million for the year ended December 31, 2020 from $596.8 million for the year ended December 31, 2019. The increase in revenue was the net result of an increase in trucking and other revenues of $61.8 million partially offset by a decrease in fuel surcharge revenue of $13.3 million. Millis Transfer contributed approximately 24.0% of the operating revenues, for the year ended December 31, 2020. Operating revenues (the total of trucking and fuel surcharge revenue) are primarily earned based on loaded miles driven in providing truckload services. The number of loaded miles is affected by general freight supply and demand trends and the number of tractors. The number of tractors is directly affected by the number of available company drivers and independent contractors providing capacity to us. During 2019, we acquired Millis Transfer and the additional drivers and operations created growth to our operating fleet during part of the third and all of the fourth quarter of 2019 and the entire year of 2020. For 2021, we expect the industry trends experienced in 2020 will likely continue due to the driver shortage within our industry that will impact recruiting and retention, exacerbated by COVID-19 impacts. We also expect driver recruiting and retention to continue to be a challenge during 2021.
  • Our operating revenues are reviewed regularly by our CODM on a combined basis across the U.S. due to the similar nature of our services offerings and related similar base pricing structure. The operating revenues increase was the result of an increase in loaded miles along with an increase in the average rate per loaded mile.
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