Heartland Express, Inc. Buyback
OLI recorded this information on 5/11/2018
Heartland Express, Inc.
Share Amount Authorized:
Heartland Express, Inc. (Nasdaq:HTLD) The Board of Directors of Heartland Express, Inc. announced today the authorization for the repurchase of up to 5,000,000 shares of its outstanding common stock in addition to the approximate 2,300,000 shares remaining under a prior authorization. The shares may be repurchased on the open market or in privately negotiated transactions. The specific timing and amount of our future repurchases will be determined by market conditions, cash flow requirements, securities law limitations, and other factors. Repurchases may continue from time to time, as conditions permit, until the number of shares authorized to be repurchased have been acquired, or until the authorization to repurchase is terminated, whichever occurs first. The share repurchase authorization is discretionary and has no expiration date. The repurchase program may be suspended, modified, or discontinued at any time.
Heartland Express is a holding company. Through its subsidiaries, Co. is engaged as a short-to-medium haul truckload carrier. Co. primarily provides asset-based dry van truckload service for primary shippers from Washington to Florida and New England to California. Co. also provides temperature-controlled truckload services, which are not significant to its operations. Co. operates terminal facilities throughout the contiguous U.S. in addition to its terminal and corporate headquarters in North Liberty, IA.
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Hold (2.12 out of 4)