HTLD Heartland Express Inc
XNAS
10.54
Delayed
Stock quote, options chain, IV rank, technicals, AI analysis, and institutional ownership. Iron condor setups Expected move IV rank history Fibonacci levels Insider trading
Market data may be delayed, incomplete, or inaccurate. Not a recommendation to buy, sell, or hold any security. Verify quotes with your broker before trading. See Terms §17.
HTLD
$10.54
—
What changed
Recent filings, trades and movesKey stats
$10.54
- 52-Week Range
- $7.00 – $16.64
- YTD
- +15.19%
- IV Rank (30D)
- 34.26
- Straddle Price
- $1.15
- P/C Vol Ratio
- 0.28
- Market Cap
- $0.8B
- Open
- $10.22
- Day Range
- $10.06 – $10.71
- Volume
- 438,018
- Prev Close
- $10.09
Fair Value
MODEL: LONG
A blended fair-value estimate combining up to six valuation methods. Each method is weighted by how well it fits the company — DCF down-weights for unprofitable names; DDM only fires for steady dividend payers; comparables down-weight when peer multiples disagree.
- DCF (quality-aware) — projects free cash flow with a horizon that scales to business quality. True compounders (quality 6/6) get 10 years explicit + 10 years fade before terminal; cyclical/struggling names (quality 0-1) get a 5-year terminal cliff. Quality is scored from ROE, gross margin, growth, FCF margin, debt load, and FCF consistency — the same factors that drive market premium for compounders.
- Market-Implied Growth (in Model Inputs) — reverse-DCF that answers "what growth rate is the market pricing in?". Lets you sanity-check the deviation: if implied growth is plausible for the business, the model's bearish flag may be wrong; if implausible, the market may be over-extrapolating.
- DDM (Gordon Growth Dividend Model) — values the stream of future dividends. Only used when trailing yield ≥ 2% and dividend payments are stable — below that the dividend is a token payout and Gordon (which values only the dividend stream) systematically underprices growth names, so those route to DCF + comparables + market anchor instead.
- P/E, EV/EBITDA, P/B, P/S — applies the peer-group median multiple to this company's per-share metric. Peers come from the same set as the "Related symbols" card. Earnings/sales metrics are forward-tilted by the company's recent revenue growth (capped at 25%) so they're comparable to peers' growth-embedded multiples — mimics how analysts use NTM rather than TTM. Per-multiple weights are biased by company quality (e.g. P/B down-weighted for asset-light tech).
- Market Anchor (SMA50) — the 50-day moving average, weighted by recent trading-range stability (tighter Bollinger bands → higher weight). Captures information fundamentals miss (forward consensus, sentiment, supply/demand) — but only when recent trading is steady enough that the market has converged on a view. During wild breakouts or breakdowns the anchor's weight collapses.
- Options Expected (B-L 30d) — the risk-neutral expected stock price at 30-day options expiration, derived from the full implied-volatility surface via Breeden-Litzenberger (second derivative of call price wrt strike → implied PDF, then E[S_T]). Forward-looking, captures all options-implied information (smile, skew, term structure) in one number. Weighted by chain liquidity. SP500-only at present (pre-computed daily). Backtest evidence: adds modest alpha across most bucket × holding combos.
- Blended value — weighted average. Confidence reflects how many methods fired and how tight peer dispersion is.
- Deviation pill — green when blended FV ≥ 10% above current price (undervalued); red when ≥ 10% below; grey otherwise.
| 10-yr Treasury (rf) | 4.90% |
| Beta vs SPY | 0.84 |
| Cost of Equity (CAPM) | 9.08% (VRP-adj) |
| WACC | 8.52% |
| Volatility Risk Premium | +85.9pp (IV − HV30) |
| Effective Tax Rate | 21.0% |
| Rev. Growth (YoY, DCF input) | -10.0% |
| DCF Horizon | 10 years explicit + fade |
| Free Cash Flow (TTM) | $-0.1B |
| Return on Equity (TTM) | -2.9% |
| Book / Price | 95.8% — banking bias active (P/B is primary) |
| Gross Margin (TTM) | 100.0% |
| FCF Margin (TTM) | -11.2% |
| Debt / Equity | 0.20 |
| Quality Score | 3/6 — normal (10y DCF) |
| SMA 50 | $11.31 (Market Anchor value) |
| SMA 20 / Bollinger Mid | $10.48 |
| Bollinger Width / SMA20 | 12.8% (drives anchor stability) |
| Net Debt | $0.1B |
| Market Cap | $1B |
Peers used for multiples: ARCB, CVLG, KNX, MRTN, SAIA, SNDR, WERN
(SIC-code peers; ETF co-membership was sector-incoherent)
60-Day Conviction
97%
20-Day Fair Value
≈ by Dec 8, 2026
$10.77
α +1.9%
rank 38%
conviction
91%
40-Day Fair Value
≈ by Jan 6, 2027
$11.22
α +6.3%
rank 41%
conviction
99%
60-Day Fair Value
≈ by Feb 4, 2027
$11.31
α +7.1%
rank 46%
conviction
97%
| Method | Implied Price | Weight | Detail |
|---|---|---|---|
| DCF | n/a | 0% | |
| DDM (Gordon) | $0.38 | 0% | |
| Peer P/E | n/a | 0% | median 70.2× · 6 peers |
| Peer EV/EBITDA | $12.79 | 11% | median 9.9× · 7 peers |
| Peer P/B | $15.47 | 14% | median 1.6× · 7 peers |
| Peer P/S | $8.17 | 14% | median 0.8× · 7 peers |
| Market Anchor (SMA50) | $11.31 | 61% | stability 86% (BB-width) |
| Options Expected (B-L 30d) | $9.51 | 0% | 5 strikes · skew +0.60 |
As of 2026-11-09 · updated
Related
About
- Industry (SIC)
- TRUCKING (NO LOCAL) (4213) · industry map
- Exchange
- XNAS
- Market Cap
- $0.8B
- Employees
- 3,630
- List Date
- 1986-11-05
- CIK
- 0000799233
- Last Earnings
- Oct 20 before open · −2.5% vs ±18.8% expected
- Next Earnings
- ~Feb 8, 2027 (estimated)
- Headquarters
- North Liberty, IA
- Homepage
- https://www.heartlandexpress.com
Heartland Express Inc, along with its subsidiaries, operates as a short, medium, and long-haul truckload carrier and transportation services provider. It mainly provides nationwide asset-based dry van truckload service for shippers across the United States, along with cross-border freight and other transportation services offered through third-party partnerships in Mexico. The group operates under the brand names of Heartland Express, Millis Transfer, Smith Transport, and CFI (for services within Mexico).
Summary
—
composite
—
No summary data available for this symbol yet.
Each spoke is this symbol's rank within its sector (0–100; the dotted ring marks the sector median at 50). Higher is more constructive for a long. One spoke — News sentiment — is an absolute reading, not a sector rank. Grayed spokes have no data. A fuller shape is a summary, not a recommendation.
Chart
Seasonality
| Month | '21 | '22 | '23 | '24 | '25 | '26 | Avg |
|---|---|---|---|---|---|---|---|
| Jan | 4.39% | -10.69% | 7.89% | -7.04% | 4.38% | 10.27% | 1.53% |
| Feb | -3.68% | -3.56% | -6.49% | -1.84% | -7.28% | 2.41% | -3.41% |
| Mar | 5.90% | -1.88% | -2.39% | -5.24% | -10.22% | -6.39% | -3.37% |
| Apr | -5.44% | 3.14% | -7.24% | -12.04% | -18.28% | 27.31% | -2.09% |
| May | -4.75% | 3.55% | 5.33% | 8.85% | 21.44% | 11.28% | 7.62% |
| Jun | -4.83% | -2.73% | 3.99% | 6.48% | 0.12% | -1.93% | 0.18% |
| Jul | -3.02% | 12.86% | -0.85% | 6.84% | -12.43% | -19.27% | -2.65% |
| Aug | -1.53% | -4.11% | -3.70% | -2.75% | 14.08% | 0.90% | 0.48% |
| Sep | -5.32% | -4.79% | -3.92% | -0.32% | 0.12% | -2.52% | -2.79% |
| Oct | 1.68% | 2.34% | -19.64% | -10.33% | -6.36% | -12.20% | -7.42% |
| Nov | 2.57% | 9.99% | 12.87% | 17.05% | 1.95% | 0.00%* | 7.41% |
| Dec | 1.14% | -7.65% | 4.55% | -11.76% | 12.59% | -- | -0.23% |
| Total | -12.95% | -5.96% | -12.96% | -15.44% | -7.19% | 2.39% | -8.68% |
Technical Indicators
Quick-reference for reading the values below. Indicators combine to confirm a view — no single one is a trade signal on its own.
Trend Indicators
- SMA 20 / 50 / 200 — price above = uptrend, below = downtrend. SMA 50 crossing SMA 200 is the golden/death cross.
- EMA 12 / 26 — faster-reacting averages; 12 above 26 is short-term bullish.
- MACD — bullish when MACD > signal (green badge), bearish when below. Divergence from price often precedes reversals.
- ADX (14) — trend strength regardless of direction. <20 range, 20–25 weak trend, 25–50 trend, >50 strong trend.
- +DI / −DI — +DI > −DI favors bulls; the reverse favors bears. Read alongside ADX.
Momentum Oscillators
- RSI (14) — <30 oversold, >70 overbought. 40–60 is neutral; trending names can stay extreme.
- Stochastic %K / %D — <20 oversold, >80 overbought. %K crossing %D is an early momentum signal.
- Williams %R — inverted scale: <−80 oversold, >−20 overbought.
Oscillators work best in range-bound markets; in strong trends they give premature reversal signals.
Volume & Volatility
- Bollinger Bands — price at upper band = overbought, lower = oversold. Narrow bands (squeeze) often precede expansion.
- OBV — cumulative volume; rising OBV confirms uptrend, falling OBV confirms downtrend. Divergence from price is a warning.
- Vol SMA 20 / Vol ROC — today's volume vs. 20-day average. Positive ROC with price move = conviction.
- ATR / True Range — average daily $ move; sizing and stop-loss reference.
- HV 20 / 30 / 60 — realized (historical) volatility. Compare to IV on the options cards: IV > HV = rich premium.
Confluence matters: trend + momentum + volume agreeing carries far more weight than any single indicator. For how these feed the spread scanner score, see the algorithm docs →
Trend Indicators
SMA 20: $10.46
SMA 50: $11.28
SMA 200: $12.30
Current: $10.55
EMA 12: $10.42
EMA 26: $10.69
MACD: -0.2699 | Signal: 0.0611
BEARISH
ADX (14): 33.13
TREND
+DI: 17.62
−DI: 20.88
Momentum Oscillators
RSI (14): 47.13
NEUTRAL
Stoch %K: 26.94
Stoch %D: 33.50
Williams %R: -53.42
Volume & Volatility
BB Upper: $11.07
BB Lower: $9.84
NEUTRAL
OBV: -10,225,610
Vol SMA 20: 630,211
Vol ROC: -13.78%
ATR: $0.48
True Range: $0.64
HV 20: 40.1%
HV 30: 35.6%
HV 60: 32.7%
Data Summary
Data Points: 500
Last Updated:
Date Range: 2024-11-08T00:00:00 – 2026-11-06T00:00:00
AI Analysis
Written before HTLD’s Oct 20 earnings report, so it doesn’t reflect the results.
Here is my response as a structured report with the required sections:
Executive Summary
Overall assessment: BEARISH (Confidence level 6/10)
Key drivers and primary risks:
- Overbought RSI reading, indicating potential for short-term pullback
- High volatility, suggesting increased risk
- Recent dividend declarations may not be enough to support current price
Investment thesis: With the stock being overbought in the short term, we believe there is a higher likelihood of a near-term correction. However, the strong dividend payments and positive earnings momentum could support the stock's long-term trajectory.
Recent news sentiment impact: The recent dividend declarations have contributed positively to the overall sentiment, but the lack of any significant earnings or regulatory catalysts may not be enough to drive meaningful price movement in the short term.
Technical Analysis
Trend Direction:
- Short-term: Bearish (based on RSI and MACD)
- Medium-term: Neutral (SMA 50 is below SMA 20, indicating a possible sideways trend)
- Long-term: Bullish (SMA 200 is above SMA 50)
Support/Resistance Levels:
- Lower band of Bollinger Bands: $12.04
- Middle line: $13.34
Momentum Signals:
- RSI interpretation: Overbought (>70), suggesting potential for short-term pullback
- MACD signal: Bullish, indicating continued momentum
- Bollinger Bands position: Squeeze, suggesting a possible breakout or mean reversion
Volume Analysis:
- Volume SMA 20: 558076.70 (indicating high volume)
- On-Balance Volume (OBV): -2184101.45 (suggesting bearish momentum)
- Volume Rate of Change: 10.75% (high, suggesting increased volatility)
News & Sentiment Analysis
Recent Headlines Summary: The recent news headlines have been generally positive, with multiple dividend declarations and participation in a conference.
Sentiment Assessment: Positive sentiment (4/5), driven by the positive earnings momentum and dividend payments.
Catalyst Identification: No significant catalysts announced recently. However, upcoming conferences and potential regulatory changes could impact the stock's trajectory.
Market Narrative: The news headlines have generally been positive, but the lack of any significant earnings or regulatory catalysts may not be enough to drive meaningful price movement in the short term.
Risk & Volatility Assessment
Risk Interpretation: High risk (beta >1.30), indicating increased volatility and potential for larger price movements.
Volatility Regime: High volatility (stock moves more than market), suggesting increased risk.
Options Market Signals:
- IV rank: 57.9% (medium, showing historically high volatility)
- Current IV: 250.1% (high, indicating a highly volatile market)
- Expected Move: $2.15 (23 DTE), 7-DTE: $2.15 (indicating potential for continued volatility)
Downside Protection: Support levels at $12.04 and $11.83 could provide some protection against further price declines.
Market Context & Positioning
Sector Performance: Heartland Express, Inc. is performing relatively well within its sector, with a higher beta than the broader market.
Institutional Activity: High institutional interest, as evidenced by high volume and open interest in options.
Correlation Analysis: The stock has a moderate correlation (0.39) with the broader market, suggesting some diversification benefits.
Relative Valuation: The stock is trading within its historical range, suggesting it may be fairly valued in the short term.
Key Levels & Action Items
Critical Price Levels:
- Lower band of Bollinger Bands: $12.04
- Middle line: $13.34
Breakout/Breakdown Levels:
- Resistance at $14.63 (upper band of Bollinger Bands)
- Support at $11.83 (SMA 50)
Time-Sensitive Catalysts: No significant catalysts announced recently.
Risk Management: Stop-loss levels should be set around $12.04 to manage potential downside risk, with a target for re-entry around $13.34 if the stock pullbacks.
Generated
News
All HTLD news →
Earnings History
17 of 17 under expected move
Avg Expected Move
11.59%
Avg Actual Move
2.11%
| Earnings Date | Timing | Expected Move | Actual Move | Ratio | Outcome |
|---|---|---|---|---|---|
| 2021-07-19 | After-Close | 10.47% | 1.35% | 0.13x | Within |
| 2021-10-18 | After-Close | 6.37% | 0.30% | 0.05x | Within |
| 2022-07-27 | After-Close | 3.43% | 3.11% | 0.91x | Within |
| 2023-05-02 | After-Close | 10.60% | 2.96% | 0.28x | Within |
| 2023-08-03 | After-Close | 13.60% | 0.63% | 0.05x | Within |
| 2023-10-31 | After-Close | 13.29% | 1.97% | 0.15x | Within |
| 2024-02-02 | After-Close | 8.58% | 1.78% | 0.21x | Within |
| 2024-04-30 | After-Close | 6.14% | 4.63% | 0.75x | Within |
| 2024-07-26 | Pre-Market | 14.67% | 0.83% | 0.06x | Within |
| 2024-10-29 | After-Close | 14.86% | 0.54% | 0.04x | Within |
| 2025-02-03 | After-Close | 16.85% | 1.71% | 0.10x | Within |
| 2025-05-02 | Pre-Market | 10.85% | 5.83% | 0.54x | Within |
| 2025-07-29 | After-Close | 13.24% | 3.45% | 0.26x | Within |
| 2025-11-06 | After-Close | 13.14% | 0.26% | 0.02x | Within |
| 2026-02-09 | After-Close | 8.84% | 1.72% | 0.19x | Within |
| 2026-04-27 | After-Close | 13.38% | 2.26% | 0.17x | Within |
| 2026-10-20 | Pre-Market | 18.76% | 2.47% | 0.13x | Within |
Earnings calendar: this week’s reports with expected vs actual moves →
HTLD Options Activity & IV Rank
HTLD IV rank history, 52-week IV rank and IV percentile →
Volatility Metrics
Current IV: 70.6%
7-DTE IV: 74.2%
Expected Move: $1.15
7-DTE Move: $2.30
Days to Exp: 39 (2026-12-18)
Options Flow · All expiries
Call Volume: 117
Put Volume: 33
P/C Volume: 0.282
BULLISH
Call OI: 227
Put OI: 194
P/C OI: 0.855
Total OI: 421
ATM Options Pricing
ATM Call: $0.60
ATM Put: $0.55
Call %: 5.7%
Put %: 5.2%
Chain Summary
Chain Volume: 150
Chain OI: 421
Last Updated: 11/9/2026
Spread Scanner
Each spread is ranked by a composite score built in three stages. Full documentation →
Stage 1 — Base Score
score = P(profit) × (credit / spread_width)
P(profit) from short leg delta (1 − |delta|), penalised above 85%. Credit uses mid-price to handle illiquid chains fairly.
Calendars: the long leg is valued at the short leg’s expiration (Black-Scholes at its current IV) across the range of prices the short leg’s IV implies, giving the best-case profit (R/R = that over the debit) and P(profit).
Stage 2 — Skew Adjustment (±25% cap)
RR and BF (30-delta) from the persisted per-symbol skew snapshot — wing strikes picked by real greeks.delta, not a moneyness proxy. Put skew boosts bull puts, penalises bear calls. High butterfly boosts iron condors. Calendars are skew-neutral.
Stage 3 — Technical Overlay (±50% cap, 5 groups)
Group 1 · Directional Bias (±0.25)
- RSI <40 bullish / >60 bearish
- MACD crossover + histogram trend
- Price vs SMA 50 & SMA 200
Group 2 · Momentum (±0.10)
- Stochastic %K <20 / >80
- Williams %R <−80 / >−20
Group 3 · Volatility (up to −0.25 / +0.15)
- Blended ATR + straddle expected-move penalty
- Bollinger Band signal (+ counter-trend penalty)
- BB width — vol contraction boost for ICs
Group 4 · IV Regime (±0.15)
- IV rank ≥ 75 → strong boost for credit spreads
- IV rank < 25 → penalty (selling cheap vol)
Group 5 · Liquidity (penalty up to −0.10)
- Min open interest across all legs
- OI < 100 → −0.10 · OI < 500 → −0.05
score = base_score × skew_multiplier × tech_multiplier
Both multipliers are shown per spread. Beta is informational only — ATR already captures realized vol. Full algorithm documentation →
Scanning bull put, bear call, iron condor and calendar spreads…
Dealer Positioning
LOW γ vs HISTORY
Estimated net dealer gamma is at the 17th percentile of this name's own daily history, near the low end of its range. This describes current positioning; it is not a forecast or a trading signal.
Gamma percentile
17%
vs own history
GEX tilt
-0.36
OI-weighted, today
Vanna tilt
+0.45
δ-sensitivity to IV
Charm tilt
-0.86
δ-decay vs time
Vanna tilt +0.45: the estimated dealer exposure leans positive, so the modeled hedge would shift noticeably if implied volatility changed.
Charm tilt -0.86: the estimated dealer exposure leans negative, so the modeled hedge would shift noticeably as time passes and options approach expiry.
? What is this?
· 3 ATM contracts, 0k total OI
Net dealer gamma is an estimate of the aggregate gamma held by options market makers across this name's option chain, weighted by open interest. Dealer positions aren't public, so it uses a standard simplifying assumption: dealers are treated as long the calls and short the puts that are open. Actual dealer books can differ.
Gamma percentile ranks today's estimate against this name's own daily history, from 0% (the lowest reading on record) to 100% (the highest). Raw gamma scales with how much open interest a chain carries, so it isn't comparable across names; the percentile is. The badge marks the bottom 20% as low and the top 20% as high.
Tilts run from −1 to +1 and show how lopsided the estimated dealer exposure is. GEX tilt compares call gamma with put gamma. Vanna tilt describes how the hedge would shift if implied volatility changed, and charm tilt how it would shift with the passage of time.
This card describes estimated positioning and where it sits historically. It is not a forecast of price direction or volatility and not a trading signal. Market-wide view: Dealer positioning screener.
Skew (Wing IV − ATM IV)
DTE:
Wing Δ:
Wing vs ATM
IV(put wing) − IV(ATM), in vol pointsHow much the OTM put trades above (or below) the at-the-money strike. Measures the height of the put-side tail relative to ATM — i.e. how expensive crash insurance is on this name.
- Positive (typical) — wing IV > ATM IV. Standard equity put skew: portfolios bid up crash protection, so OTM puts trade richer than ATM.
- Near zero or negative (unusual) — wing IV ≤ ATM IV. Flat or inverted put side. Common when there's no fear demand, in tightly mean-reverting names, or right after an earnings catalyst clears.
- Percentile vs own 3-yr history: high = wings rich (good time to sell wing premium); low = wings cheap (good time to buy protection).
- Not directional — high or low wings don't predict up or down moves. It's a price tag on tail insurance, not a forecast.
Risk Reversal
IV(call wing) − IV(put wing), equal delta on each sideWhich side of the smile is the market paying up for? Measures the tilt of the surface — call skew vs put skew at matched deltas.
- Negative (typical) — puts richer than calls. Standard equity behavior: hedging demand makes puts carry a premium. Most large-caps sit in the −1 to −5 vol-point range.
- Strongly negative (< −5 pts) — heavy downside hedging, elevated fear, or an upcoming catalyst (earnings, FDA, macro event). Worth flagging.
- Positive — calls richer than puts. Unusual for equities; signals bullish momentum, short-squeeze positioning, or takeover/M&A speculation.
- Near zero — symmetric surface. Market sees roughly equal up/down risk. Rare for large-caps; more common in commodities and FX.
Reading them together
Wing-vs-ATM tells you how expensive the tails are. Risk Reversal tells you which side is favored. Combined:
- High wing percentile + deeply negative RR → strong put bid; stress or major event priced in. Owning protection costs a premium; selling put premium is dangerous.
- Low wing percentile + near-zero RR → complacency; insurance cheap and balanced. Good environment to add cheap downside hedges.
- Positive RR + elevated wings → call-side fear-of-missing-out; common in squeeze setups. Upside calls expensive, downside puts not bid.
14 DTE / 10d
—
—
pts
EXTREME
No data
30 DTE / 10d
—
—
pts
EXTREME
No data
Extreme reading.
Historically these have been contrarian — on the small set of observed earnings-day cases, large negative wing-vs-ATM gaps (calls pricing much richer than puts at the same delta) preceded sharp drops in the underlying within 1-12 days. Not financial advice and the dataset is small.
Percentile is the rank of today's reading within ~3 years of this symbol's own history. High percentile = wings are rich relative to history; not a directional signal. Skew is read off the chain in real time, not from CBOE SKEW.
Volatility Surface
Loading the implied volatility surface…
Volatility Smile
Loading the implied volatility smile…
IV Rank (7 DTE)6.7LowNov 9
IV Rank (30 DTE)34.3MediumNov 9
Straddle Price (30 DTE)$1.15Nov 9
Beta Analysis
Risk Metrics
Beta: 0.9905
Alpha: 27.93%
Correlation: 0.3436
R-Squared: 11.8%
Stock Volatility: 39.7%
Market Volatility: 13.8%
Analysis Details
Benchmark: SPY
Data Points: 251
Period: 252 trading days
Data Points: 251
Period: 252 trading days
Interpretation:
Moderate volatility - stock generally follows market
Moderate volatility - stock generally follows market
Beta & Alpha Over Time
Notable investors who own HTLD
3 of 37 tracked investors
| Investor | Value | Share of their portfolio | Rank | Q/Q shares | Source |
|---|---|---|---|---|---|
| Citadel Hedge fund Ken Griffin | $7.4M | #1802 of 6285 | +887.3% | 13F | |
| Millennium Management Hedge fund Izzy Englander | $1.4M | #2782 of 3716 | new | 13F | |
| Rockefeller Capital Management Family office Rockefeller family | $6K | #4207 of 4729 | -53.5% | 13F |
Hedge funds, activists, holding companies and family offices we track, from their latest 13F (quarter-end value) and Form 4 filings in the last 3 years. Family offices · all institutions
HTLD Institutional Ownership (13F)
Filings for 2026-06-30 · 78 already for 2026-09-30
? 13F Guide
Diluted shares outstanding: 77,771,000 (as of 2026-03-31)
Institutional managers with $100M+ AUM file Form 13F-HR quarterly, due 45 days after quarter end. Holdings are reported gross at quarter-end market value — they are a snapshot, not a real-time position.
- Shares — long equity positions in this name, aggregated across share classes.
- Calls / Puts — notional value of long call / put exposure where this ticker is the underlying.
- % of Float — holder's reported shares divided by the latest diluted shares outstanding. Sums above 100% indicate large custodian / prime broker positions where the same shares are reported by multiple filers.
- Custodian badge — filers with more than 5,000 holdings are typically broker-dealers / custodians reporting customer-held shares, not active managers.
Each filer is counted once at its latest 13F-HR filing. New filings are ingested on a weekly cadence.
2 filers$306.00K notional
| # | Filer | Notional Value | % of Total | Period |
|---|---|---|---|---|
| 1 | Citadel Advisors LLC Custodian | $301.36K | 98.48% | 2026-06-30 |
| 2 | Simplex Trading, LLC Custodian | $4.64K | 1.52% | 2026-09-30 |
| # | Filer | Notional Value | % of Total | Period |
|---|
HTLD Insider Trading (Form 4)
Latest: 2026-09-02Form 4 filings — insider beneficial-ownership changes by officers, directors, and 10%+ holders. Filed within 2 business days of transaction.
| Filed | Reporter | Role | Action | Shares | Avg Price | Net $ | Link |
|---|---|---|---|---|---|---|---|
| 2026-09-02 | James G Pratt | Director | Award (A) | +5,000 | — | EDGAR | |
| 2026-06-17 | David Paul Millis | Director | Sell (S) | −31,402 | $15.67 | -$492.1K | EDGAR |
| 2026-06-12 | David P Spalding | Director | Buy (P) | +2,000 | $15.69 | $31.4K | EDGAR |
| 2026-05-21 | Michael J Gerdin | Chief Executive Officer | Gift (G) | — | — | EDGAR | |
| 2026-05-21 | Julie J Durr | Gift (G) | +4,474,456 | — | EDGAR | ||
| 2026-05-18 | Christopher Alan Strain | Vice President/CFO/Treasurer | Award (A) | +500 | — | EDGAR | |
| 2026-05-18 | Kris Eric Eickman | VP of Information Technology | Mixed Grant +500 · Tax −167 |
+333 | $13.30 | -$2.2K | EDGAR |
| 2026-05-18 | Kent Daryl Rigdon | Chief Operating Officer | Mixed Tax −167 · Grant +500 |
+333 | $13.30 | -$2.2K | EDGAR |
| 2026-05-18 | Joshua Stefan Helmich | CAO and Secretary | Mixed Tax −167 · Grant +500 |
+333 | $13.30 | -$2.2K | EDGAR |
| 2026-05-18 | Ann S. Gerdin Revocable Trust | 10%+ Owner | Award (A) | +500 | — | EDGAR | |
| 2026-04-24 | David Paul Millis | President of Millis Transfer | Mixed Tax −1,815 · Grant +4,866 |
+3,051 | $12.18 | -$22.1K | EDGAR |
| 2025-12-03 | Angela K Janssen | Gift (G) | −10,000,000 | — | EDGAR | ||
| 2025-12-03 | Michael J Gerdin | Chief Executive Officer | Gift (G) | — | — | EDGAR | |
| 2025-10-24 | David Paul Millis | President of Millis Transfer | Mixed Tax −3,929 · Grant +11,947 |
+8,018 | $8.37 | -$32.9K | EDGAR |
| 2025-10-03 | Kent Daryl Rigdon | Chief Operating Officer | Tax (F) | −70 | $8.33 | -$583 | EDGAR |
Codes: P = open-market purchase · S = open-market sale · A = grant/award · M = option exercise · F = tax withholding at vest · G = bona-fide gift · D = disposition to issuer · J = other (described in filing footnote — typically 401(k), trust, inheritance) · W = will/inheritance. Only P / S codes carry directional signal.
HTLD Insider Holdings
14 insiders · @ $10.55
Officers, directors, and 10%+ owners who have filed a Form 4 in the past two years, ranked by current disclosed exposure (shares × today's price). Shares are direct + indirect (via trusts / LLCs / spouse). Excludes unvested RSU and option grants — those aren't beneficially owned until vest.
| # | Insider | Role | Shares | Disclosed Exposure | Lifetime OM Net | Filings | Last Filed |
|---|---|---|---|---|---|---|---|
| 1 | Ann S Gerdin | 10%+ Owner | 10,875,808 | $114.74M | $7.27M | 16 | 2025-05-14 |
| 2 | Julie J Durr | 10,639,781 | $112.25M | -$7.43M | 7 | 2026-05-21 | |
| 3 | Ann S. Gerdin Revocable Trust | 10%+ Owner | 9,468,881 | $99.90M | -$64.28M | 9 | 2026-05-18 |
| 4 | Angela K Janssen | 4,503,500 | $47.51M | $7.00M | 7 | 2025-12-03 | |
| 5 | Michael J Gerdin | Chief Executive Officer | 1,066,406 | $11.25M | -$146.12M | 76 | 2026-05-21 |
| 6 | James G Pratt | Director | 58,429 | $616.4K | $397.2K | 7 | 2026-09-02 |
| 7 | David Paul Millis | President of Millis Transfer | 28,387 | $299.5K | -$467.2K | 10 | 2026-06-17 |
| 8 | Christopher Alan Strain | Vice President/CFO/Treasurer | 21,500 | $226.8K | -$21.5K | 11 | 2026-05-18 |
| 9 | Todd Allan Trimble | VP of Safety and Security | 13,287 | $140.2K | $0 | 4 | 2025-04-03 |
| 10 | Kris Eric Eickman | VP of Information Technology | 8,320 | $87.8K | $0 | 4 | 2026-05-18 |
Lifetime OM Net = signed sum of open-market buys (P) and sells (S) over their career; excludes grants, tax withholdings, and dispositions to issuer. A large negative number is normal for long-tenured executives — they've sold compensation grants over many years.
HTLD Board & Officers
As of SEC filings through Sep 2, 2026Directors 8
- Michael J Gerdin · on file since Jun 2006
- James G Pratt · since Jun 20, 2006
- Brenda S Neville · since Jan 27, 2017
- Benjamin J Allen · on file since Mar 2019
- David Paul Millis · since Oct 28, 2020
- Brenda M Lantz · since Oct 30, 2023
- Amanda Hupfeld · since May 8, 2025
- David P Spalding · since May 14, 2026
Officers 6
- Michael J Gerdin · Chief Executive Officer · listed since Dec 2011
- David Paul Millis · President of Millis Transfer · listed since Jun 2021
- Christopher Alan Strain · Vice President/CFO/Treasurer · listed since Nov 2022
- Joshua Stefan Helmich · SVP and CFO of CFI · since May 9, 2024
- Kent Daryl Rigdon · Chief Operating Officer · listed since Jan 2025
- Kris Eric Eickman · VP of Information Technology · since Mar 30, 2018
10% owners 3
- Ann S Gerdin · listed since Dec 2015
- Ann S. Gerdin Revocable Trust (entity) · listed since Feb 2023
- Michael J Gerdin · listed since Feb 2023
Changes in the last 10 years (26)
| May 14, 2026 | David P Spalding became a director |
| May 8, 2025 | Amanda Hupfeld became a director |
| Jan 3, 2025 | Todd Allan Trimble listed as VP of Safety and Security (previously Vice President of Operations) in SEC filings |
| Jan 3, 2025 | Kent Daryl Rigdon listed as Chief Operating Officer (previously Vice President of Sales) in SEC filings |
| Sep 14, 2024 | The company announced the departure of Michael John Sullivan from the board in an SEC filing |
| Aug 6, 2024 | Michael Paul Donovan reported in an SEC filing no longer being COO of Smith Transport |
| May 9, 2024 | Joshua Stefan Helmich became SVP and CFO of CFI |
| Nov 1, 2023 | The company announced the departure of Larry J. Gordon from the board in an SEC filing |
| Nov 1, 2023 | Michael Paul Donovan became COO of Smith Transport |
| Oct 30, 2023 | Brenda M Lantz became a director |
| Jul 31, 2023 | The company announced the departure of Todd A Smith as President of Smith Transport in an SEC filing |
| Mar 23, 2023 | Todd A Smith became President of Smith Transport |
| Feb 14, 2023 | Michael J Gerdin first listed as a 10% owner in an SEC filing |
| Feb 14, 2023 | Ann S. Gerdin Revocable Trust first listed as a 10% owner in an SEC filing |
| Nov 2, 2022 | Christopher Alan Strain listed as Vice President/CFO/Treasurer (previously Vice Pres/CFO/Secretary) in SEC filings |
| Mar 7, 2022 | The company announced the departure of Jo Anne Borden as VP of HR and Risk Management in an SEC filing |
| Nov 11, 2021 | The company announced the departure of Tahira K Hira from the board in an SEC filing |
| Jun 15, 2021 | David Paul Millis first listed as President of Millis Transfer in an SEC filing |
| Mar 23, 2021 | Jo Anne Borden became VP of HR and Risk Management |
| Oct 28, 2020 | David Paul Millis became a director |
| Mar 29, 2019 | Benjamin J Allen first on file as a director |
| May 10, 2018 | Michael John Sullivan became a director |
| Mar 30, 2018 | Kris Eric Eickman became VP of Information Technology |
| Dec 20, 2017 | Christopher Alan Strain listed as Vice Pres/CFO/Secretary (previously Vice Pres/Controller/Sec) in SEC filings |
| Jan 31, 2017 | Michael J Gerdin no longer listed as a 10% owner in SEC filings |
| Jan 27, 2017 | Brenda S Neville became a director |
Not reported recently (2)
- Todd Allan Trimble · Last reported as VP of Safety and Security in an SEC filing dated Apr 3, 2025
- John P Cosaert · Last reported as Exec Vice President in an SEC filing dated Sep 13, 2017
Compiled from SEC filings by the company and its directors and officers. Dates are as stated in those filings. Where no filing says when someone left, we show the last filing that listed them.
Recent SEC Filings
Latest: 2026-11-06
Current reports — material events the company must disclose within 4 business days (earnings releases, M&A, executive changes, etc.).
Annual report — audited financial statements, MD&A, risk factors. Filed 60–90 days after fiscal year-end.
| Filing Date | Accession | Link |
|---|
ETF Holders
81 ETFs hold HTLD
25 shown · $140.76M total exposure · 0.02% AUM-weighted avg weight
| # | ETF | Provider | Weight | $ Exposure | ETF AUM | As Of |
|---|---|---|---|---|---|---|
| 1 | IJR iShares Core S&P Small-Cap ETF | iShares (BlackRock) | 0.03% | $27.8M | $103.8B | 2026-11-06 |
| 2 | VTI Vanguard Morningstar Total Stock Market ETF | Vanguard | 0.00% | $17.3M | — | 2026-09-30 |
| 3 | DFSV Dimensional US Small Cap Value ETF | Dimensional | 0.06% | $15.3M | — | 2026-11-05 |
| 4 | DFAT Dimensional US Targeted Value ETF | Dimensional | 0.03% | $10.0M | — | 2026-11-05 |
| 5 | IWM iShares Russell 2000 ETF | iShares (BlackRock) | 0.01% | $10.0M | $76.6B | 2026-11-06 |
| 6 | VXF Vanguard Extended Market ETF | Vanguard | 0.01% | $6.0M | — | 2026-09-30 |
| 7 | DFAS Dimensional US Small Cap ETF | Dimensional | 0.02% | $5.5M | — | 2026-11-05 |
| 8 | BSVO EA Bridgeway Omni Small-Cap Value ETF | Nport | 0.23% | $5.4M | — | 2026-06-30 |
| 9 | AVUV Avantis U.S. Small Cap Value ETF | Avantis | 0.01% | $4.6M | $31.6B | 2026-11-05 |
| 10 | SPSM State Street® SPDR® Portfolio S&P 600™ Small Cap ETF | SPDR (State Street) | 0.03% | $4.2M | $15.7B | 2026-11-05 |
| 11 | FNDA Schwab Fundamental U.S. Small Company ETF | Nport | 0.04% | $4.0M | — | 2026-08-31 |
| 12 | IJS iShares S&P Small-Cap 600 Value ETF | iShares (BlackRock) | 0.05% | $3.8M | $7.5B | 2026-11-06 |
| 13 | IWN iShares Russell 2000 Value ETF | iShares (BlackRock) | 0.03% | $3.8M | $13.9B | 2026-11-06 |
| 14 | SCHA Schwab U.S. Small-Cap ETF | Nport | 0.01% | $2.7M | — | 2026-08-31 |
| 15 | VTWO Vanguard Russell 2000 ETF | Vanguard | 0.01% | $2.6M | — | 2026-09-30 |
| 16 | SLYV State Street® SPDR® S&P 600™ Small Cap Value ETF | SPDR (State Street) | 0.05% | $2.5M | $4.9B | 2026-11-05 |
| 17 | DFMC Dimensional US Micro Cap ETF | Dimensional | 0.03% | $2.1M | — | 2026-11-05 |
| 18 | DFAC Dimensional US Core Equity 2 ETF | Dimensional | 0.00% | $2.1M | — | 2026-11-05 |
| 19 | COPY Tweedy, Browne Insider + Value ETF | Nport | 0.46% | $1.9M | — | 2026-08-31 |
| 20 | VIOO Vanguard S&P Small-Cap 600 ETF | Vanguard | 0.03% | $1.9M | — | 2026-09-30 |
| 21 | RZV Invesco S&P SmallCap 600 Pure Value ETF | Invesco | 0.56% | $1.6M | — | 2026-11-05 |
| 22 | FESM Fidelity Enhanced Small Cap Core ETF | Fidelity | 0.02% | $1.5M | $6.6B | 2026-11-05 |
| 23 | FSCC Federated Hermes MDT Small Cap Core ETF | Nport | 0.40% | $1.5M | — | 2026-08-31 |
| 24 | IYT iShares U.S. Transportation ETF | iShares (BlackRock) | 0.06% | $1.3M | $2.1B | 2026-11-06 |
| 25 | XTN State Street® SPDR® S&P® Transportation ETF | SPDR (State Street) | 0.54% | $1.2M | $218.6M | 2026-11-05 |
Fundamentals
Quarterly filings sourced from SEC 10-Q / 10-K reports. TTM tiles aggregate the most recent four quarters; bars show the last ~12 quarters oldest → newest.
Metrics
- Revenue — top-line sales. Look for consistent YoY growth; seasonal businesses need same-quarter comparisons (Q4 '24 vs Q4 '23).
- Net Income — bottom-line profit after all expenses. Can be volatile from one-time items; red bars = net loss.
- Diluted EPS — net income per share assuming options/converts are exercised. Direct input to the P/E ratio.
- Operating Cash Flow — cash generated from core operations, before capex and financing. Harder to manipulate than net income; growing OCF is a quality signal.
How to read the bars
- Sequential growth — quarter-over-quarter trend. Accelerating bars are a momentum signal.
- YoY growth — compare to the same quarter a year earlier to remove seasonality.
- Quality — OCF should roughly track Net Income over time. Large divergence (net income ≫ OCF) flags accruals risk.
- Margins — scan the bar ratios: Net Income / Revenue tells you margin trend without needing a separate chart.
TTM (trailing-twelve-month) smooths seasonality and is used for the P/E calculation. Filings appear 30–90 days after the period closes.
Trailing P/E
—
TTM Diluted EPS
$-0.56
TTM Revenue
$762.54M
TTM Net Income
$-43.40M
TTM Op. Cash Flow
$86.62M
Quarterly figures (12 quarters)
| Quarter | Period End | Revenue | Net Income | Diluted EPS | Op. Cash Flow |
|---|---|---|---|---|---|
| Q1 '26 | 2026-03-31 | $176.26M | $-4.82M | $-0.06 | $23.15M |
| Q4 '25 | 2025-12-31 | $179.35M | $-19.44M | $-0.25 | $14.94M |
| Q3 '25 | 2025-09-30 | $196.55M | $-8.28M | $-0.11 | $27.53M |
| Q2 '25 | 2025-06-30 | $210.39M | $-10.86M | $-0.14 | $21.00M |
| Q1 '25 | 2025-03-31 | $219.42M | $-13.87M | $-0.18 | $25.84M |
| Q4 '24 | 2024-12-31 | $242.58M | $-1.85M | $-0.03 | $37.79M |
| Q3 '24 | 2024-09-30 | $259.86M | $-9.28M | $-0.12 | $35.59M |
| Q2 '24 | 2024-06-30 | $274.75M | $-3.48M | $-0.04 | $39.99M |
| Q1 '24 | 2024-03-31 | $270.32M | $-15.11M | $-0.19 | $30.98M |
| Q4 '23 | 2023-12-31 | $275.35M | $5.09M | $0.07 | $40.82M |
| Q3 '23 | 2023-09-30 | $295.03M | $-10.70M | $-0.14 | $27.20M |
| Q2 '23 | 2023-06-30 | $306.17M | $7.77M | $0.10 | $30.81M |
Q1 2026 • period ending 2026-03-31 • filed 2026-05-11
Valuation
Ratios derived from TTM financials and the current market price, sampled daily. History chart shows how expensive the stock is today relative to its own recent past.
Price Multiples
- P/E — price / TTM earnings. Rough market rule: 10–15 value, 15–25 market, >30 growth/premium. Negative when earnings are negative.
- P/B — price / book value. Useful for financials and asset-heavy names; meaningless for asset-light software.
- P/S — price / TTM revenue. Useful when earnings are negative or noisy (early-stage growth).
- EV/EBITDA — capital-structure-neutral. <10 cheap, 10–15 reasonable, >20 rich. Good for comparing across leverage profiles.
- EV/Sales — like P/S but accounts for debt + cash. Compare within sector.
Profitability & Yields
- ROE — return on equity. >15% strong, >25% exceptional. Caution: high leverage inflates ROE.
- ROA — return on assets. Leverage-neutral; >5% solid, >10% exceptional.
- Div Yield — annual dividend / price. Compare to 10Y Treasury; sustained yield >6% often signals distress.
- FCF Yield — free cash flow / market cap. >5% is attractive; negative means burning cash.
Balance Sheet
- Debt/Equity — leverage. <1 conservative, >2 aggressive. Sector-dependent (utilities naturally high, tech low).
- Current Ratio — short-term liquidity. >1.5 comfortable, <1 raises short-term solvency flags.
Reading the history chart
- Compare current level to the 3-year band: near the high end = relatively expensive; near the low = relatively cheap.
- Multiples expanding while earnings are flat = sentiment-driven rally.
- Multiples compressing while earnings grow = value coming from fundamentals.
P/E
—
P/B
1.10
P/S
1.08
EV/EBITDA
8.41
EV/Sales
1.22
ROE
-5.8%
ROA
-3.7%
Div Yield
0.79%
FCF Yield
10.55%
Debt/Equity
0.20
Current Ratio
—
Market Cap
$821.26M
as of 2026-11-09
HTLD vs Peers
Related companies, largest first| Company | Market cap | P/E | Revenue growth | YTD | IV rank |
|---|---|---|---|---|---|
| UNP Union Pacific Corp. | $172.4B | 23.1 | +7.4% | +28.0% | 29 |
| UPS United Parcel Service, Inc. Class B | $92.2B | 21.5 | +2.1% | +10.6% | 12 |
| CSX CSX Corporation | $91.0B | 26.1 | +5.8% | +38.7% | 40 |
| FDX FedEx Corporation | $72.2B | 20.3 | +5.6% | +9.3% | 18 |
| NSC Norfolk Southern Corp. | $71.9B | 27.3 | +6.0% | +13.2% | 41 |
| ODFL Old Dominion Freight Line | $34.0B | 33.1 | −0.6% | +8.1% | 10 |
| EXPD Expeditors International of Washington, | $23.8B | 27.6 | +6.8% | +24.7% | 46 |
| XPO XPO, Inc. | $20.6B | 55.5 | +7.0% | +35.2% | 31 |
| HTLD Heartland Express Inc | $780M | — | −23.5% | +15.3% | 34 |
| Peer median | $72.0B | 26.7 | +5.9% | +18.9% | 30 |
P/E uses the latest reported trailing-12-month diluted EPS; "—" means no positive earnings or no data.
Short Interest & Float
Regulatory short-interest reports publish on a bi-weekly settlement cadence; short-volume is reported daily by the trade-reporting facilities. Float is derived from insider-ownership filings.
Metric definitions
- Short Interest — total shares currently sold short as of the settlement date. Lags real time by ~8 business days.
- SI % of Float — short interest / free float. The key crowding metric.
- Days to Cover — short interest / avg daily volume. How many full trading days it would take shorts to buy back. High DTC + catalyst = squeeze fuel.
- Short Vol Ratio — today's short-sale volume / total volume. Intraday selling pressure proxy (not the same as short interest).
- Free Float — shares available for public trading (total shares minus insider / restricted).
- Float % — free float / shares outstanding. <50% = tightly held, more prone to squeezes.
How to read the signals
- SI % of Float < 5% — typical, no particular signal.
- 5–15% — elevated; watch for catalysts (earnings, guidance, macro).
- 15–30% — heavily shorted; tight-float names in this range have produced notable squeezes historically.
- >30% — extreme; borrow is likely expensive and squeeze risk is material.
- Days to Cover > 5 combined with high SI% amplifies squeeze potential.
History chart
- Trend matters more than level. Rapidly rising short interest often precedes negative catalysts or heavy hedging.
- A sudden drop in SI after a rally may indicate a squeeze in progress.
Short interest is reported mid-month and end-of-month; short volume is daily.
Short Interest
3.36M
SI % of Float
8.93%
Days to Cover
6.04
Short Vol Ratio
58.0%
Free Float
37.66M
Float %
48.7%
Short interest 2026-10-15 • Short volume 2026-11-06 • Float 2026-09-22