Heartland Express, Inc. is a holding company. Co., together with its subsidiaries, is a short, medium and long-haul truckload carrier and transportation services provider. It primarily provides a nationwide asset-based dry van truckload service for various shippers across the U.S., along with cross-border freight and other transportation services offered through third party partnerships in Mexico. Co.'s primary customers include retailers, manufacturers and parcel carriers. Its over-the-road tractors are equipped with mobile communication systems. It operates 31 terminal facilities throughout the contiguous U.S. and one in Mexico. We show 62 historical shares outstanding datapoints in our HTLD shares outstanding history coverage, used to compute HTLD market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing HTLD market cap history over the course of time is important for investors
interested in comparing HTLD's market cap history versus its peers.
Many "beginner" or "novice" investors will look at one stock trading at a price of $10 per share and another trading at
a price of $20 per share and think the latter company is worth twice as much. Of course, that is a completely meaningless comparison without also knowing how many shares outstanding there are for each of the two companies,
and then calculating their respective market caps. Comparing the share price of HTLD versus a peer is one thing; comparing
HTLD market cap versus a peer is a completely different story.
Furthermore, via fluctuation both in per-share price and in the number of shares outstanding (via issuance of new shares over time, the repurchase of existing shares),
the market cap for a company like HTLD can fluctuate over the course of history.
With this page we aim to empower investors researching HTLD by allowing them to research the HTLD market cap history. |
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Video: The Importance of Market Cap
