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Heartland Express (HTLD) operates as a short-to-medium-haul truckload carrier of general commodities in the United States.
The company provides regional dry van truckload services through its regional terminals; and transports freight for shippers using late-model equipment and a combined fleet of owned and independent contractor tractors.
It transports appliances, automotive parts, consumer products, paper products, packaged foodstuffs, and retail goods.
The company serves short-to-medium haul market, primarily retailers and manufacturers.
Shares have formed a bullish "flag" after the firm agreed to buy a competitor last month. HTLD bought Gordon Trucking, a Seattle-based carrier that operates mostly in Western states, for about $300 million in cash, stock and debt.
The combined trucking company is expected to have a market value of roughly $1 billion, a national truck terminal network, and one of the largest truck fleets. Heartland expects the purchase to add immediately to earnings.
52-Week Trading Range: $12.43 - $18.64
Entry Point: $17.80
Stop Loss: $16.90
Target Price: $19.54
HTLD hit our target price. We are taking profits.
