GuruFocus - On June 12, 2024, James Pratt, Director at Heartland Express Inc (NASDAQ:HTLD), purchased 9,000 shares of the company, as reported in a recent SEC Filing. Following this transaction, the insider now owns a total of 23,429 shares of Heartland Express Inc.
Heartland Express Inc is a transportation and logistics company, primarily engaged in short-to-medium haul truckload carrier services. The company provides nationwide transportation services, focusing on high-quality, time-sensitive delivery.
The purchase occurred at a stock price of $11.96, valuing the transaction at approximately $107,640. This acquisition has contributed to a total of 22 insider buys over the past year for Heartland Express Inc, with no recorded insider sales during the same period.
The current market cap of Heartland Express Inc stands at approximately $922.53 million. The stock's valuation metrics, including the price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow, are calculated based on historical trading multiples, adjusted factors for past performance, and future business projections.
According to the GF Value, the intrinsic value of Heartland Express Inc is estimated at $24.84 per share, suggesting that the stock is currently undervalued with a price-to-GF-Value ratio of 0.48. This valuation indicates a "Possible Value Trap, Think Twice" status.
The insider's recent purchase aligns with a broader trend of buying within the company, reflecting a positive sentiment among those with an intimate understanding of the company's operations and market position.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
This content was originally published on Gurufocus.com
