Heartland Express Ownership

Who are the major shareholders and have insiders been buying or selling?

Recent Insider Transactions

NasdaqGS:HTLD Recent Insider Transactions by Companies or Individuals
Date	Value	Name	Entity	Shares	Max Price
18 Aug 25	BuyUS$245,693	Michael Gerdin	Individual	30,000	US$8.20
14 May 25	BuyUS$58,876	James Pratt	Individual	6,571	US$8.96
12 May 25	BuyUS$17,520	Amanda Hupfeld	Individual	2,000	US$8.76
12 May 25	BuyUS$1,500,045	Michael Gerdin	Individual	167,644	US$8.95
09 May 25	BuyUS$1,260,668	Michael Gerdin	Individual	148,272	US$8.50
08 May 25	BuyUS$3,093,533	Michael Gerdin	Individual	396,693	US$8.23
05 May 25	BuyUS$1,164,217	Michael Gerdin	Individual	148,272	US$7.85

Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.

Ownership Breakdown

What is the ownership structure of HTLD?
Owner Type	Number of Shares	Ownership Percentage
State or Government	10,649	0.0138%
Individual Insiders	3,376,704	4.36%
Private Companies	13,752,856	17.8%
General Public	22,626,600	29.2%
Institutions	37,678,191	48.7%

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.

Top Shareholders

Top 25 shareholders own 61.06% of the company

Ownership	Name	Shares	Current Value	Change %	Portfolio %
12%	Gerdin Heartland Trust	9,287,780	US$109.2m	0%	no data
8.89%	BlackRock, Inc.	6,888,360	US$81.0m	3.6%	no data
5.77%	Ann S. Gerdin Revocable Trust	4,465,076	US$52.5m	-69.1%	no data
4.74%	Dimensional Fund Advisors LP	3,672,502	US$43.2m	-4.79%	0.01%
3.91%	The Vanguard Group, Inc.	3,028,646	US$35.6m	-22.1%	no data
2.83%	Gate City Capital Management, LLC	2,192,807	US$25.8m	8.3%	9.33%
2.53%	State Street Global Advisors, Inc.	1,961,907	US$23.1m	1.84%	no data
2.51%	Michael Gerdin	1,945,089	US$22.9m	-76.8%	no data
2.12%	American Century Investment Management Inc	1,642,012	US$19.3m	6.86%	0.01%
1.62%	Julie Durr	1,252,924	US$14.7m	0%	no data
1.51%	Geode Capital Management, LLC	1,166,940	US$13.7m	-5.4%	no data
1.48%	Hotchkis and Wiley Capital Management, LLC	1,149,008	US$13.5m	-0.37%	0.03%
1.41%	Charles Schwab Investment Management, Inc.	1,090,216	US$12.8m	18%	no data
1.3%	Columbia Management Investment Advisers, LLC	1,008,401	US$11.9m	26.1%	no data
1.23%	Wallace Capital Management, Inc.	948,994	US$11.2m	66.1%	1.26%
1.2%	Bridgeway Capital Management, LLC	927,012	US$10.9m	7.46%	0.14%
1.09%	Two Sigma Investments, LP	845,668	US$9.9m	4.11%	0.02%
0.96%	Two Sigma Advisers, LP	743,600	US$8.7m	8.44%	0.02%
0.79%	UBS Asset Management AG	615,053	US$7.2m	82.9%	no data
0.62%	Palm Valley Capital Management LLC	481,995	US$5.7m	0%	8.25%
0.56%	Arrowstreet Capital, Limited Partnership	437,221	US$5.1m	53%	no data
0.56%	Northern Trust Global Investments	432,897	US$5.1m	-6.24%	no data
0.49%	Invesco Capital Management LLC	375,708	US$4.4m	18.9%	no data
0.48%	Citadel Advisors LLC	369,241	US$4.3m	-6.36%	no data
0.46%	AQR Capital Management, LLC	358,172	US$4.2m	0.77%	no data

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2026/02/22 12:04
End of Day Share Price	2026/02/20 00:00
Earnings	2025/12/31
Annual Earnings	2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

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Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Heartland Express, Inc. is covered by 26 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Daniel Moore	Baird
Garrett Chase	Barclays
Eric Morgan	Barclays