Hub Group (NASDAQ:HUBG) Shares Gap Down to $40.78

Shares of Hub Group, Inc. (NASDAQ:HUBG) gapped down prior to trading on Wednesday . The stock had previously closed at $40.78, but opened at $39.90. Hub Group shares last traded at $39.63, with a volume of 77,011 shares traded.

Analyst Ratings Changes

Several research firms recently commented on HUBG. Stifel Nicolaus boosted their target price on Hub Group from $49.50 to $52.00 and gave the stock a “buy” rating in a research report on Wednesday, January 10th. Stephens cut their price objective on Hub Group from $49.00 to $44.00 and set an “equal weight” rating for the company in a report on Thursday, April 4th. JPMorgan Chase & Co. boosted their price target on shares of Hub Group from $43.50 to $46.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 9th. Wells Fargo & Company raised their price objective on Hub Group from $45.00 to $50.00 and gave the company an “overweight” rating in a research note on Friday, February 2nd. Finally, Benchmark reissued a “buy” rating and issued a $49.00 target price on shares of Hub Group in a research note on Wednesday, April 10th. Six equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, Hub Group has a consensus rating of “Hold” and an average target price of $46.63.

Hub Group Stock Performance

The company has a debt-to-equity ratio of 0.15, a current ratio of 1.29 and a quick ratio of 1.29. The company has a market capitalization of $2.45 billion, a PE ratio of 15.65 and a beta of 0.89. The company has a 50 day moving average of $42.70 and a two-hundred day moving average of $41.59.

Hub Group (NASDAQ:HUBG) last released its earnings results on Thursday, February 1st. The transportation company reported $0.54 earnings per share for the quarter, topping analysts’ consensus estimates of $0.52 by $0.02. The firm had revenue of $985.60 million for the quarter, compared to the consensus estimate of $997.67 million. Hub Group had a net margin of 3.99% and a return on equity of 10.56%. The company’s revenue was down 23.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.42 EPS. As a group, equities research analysts predict that Hub Group, Inc. will post 2.22 earnings per share for the current year.

Hub Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 27th. Shareholders of record on Friday, March 8th were paid a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.28%. The ex-dividend date was Thursday, March 7th. Hub Group’s dividend payout ratio is 19.19%.

Institutional Trading of Hub Group

A number of hedge funds have recently made changes to their positions in HUBG. Fuller & Thaler Asset Management Inc. raised its stake in Hub Group by 108.6% during the first quarter. Fuller & Thaler Asset Management Inc. now owns 770,107 shares of the transportation company’s stock valued at $59,460,000 after buying an additional 400,916 shares during the last quarter. Envestnet Asset Management Inc. boosted its stake in Hub Group by 1,423.2% in the 1st quarter. Envestnet Asset Management Inc. now owns 396,428 shares of the transportation company’s stock worth $1,778,000 after purchasing an additional 370,402 shares in the last quarter. Norges Bank purchased a new stake in Hub Group during the 4th quarter valued at about $28,885,000. LSV Asset Management increased its stake in Hub Group by 9,049.5% during the 3rd quarter. LSV Asset Management now owns 334,962 shares of the transportation company’s stock valued at $26,308,000 after purchasing an additional 331,301 shares in the last quarter. Finally, Pacer Advisors Inc. increased its stake in Hub Group by 54.5% during the 4th quarter. Pacer Advisors Inc. now owns 727,572 shares of the transportation company’s stock valued at $66,893,000 after purchasing an additional 256,551 shares in the last quarter. 46.77% of the stock is owned by institutional investors.

Hub Group Company Profile

Hub Group, Inc, a supply chain solutions provider, offers transportation and logistics management services in North America. The company's transportation services include intermodal, truckload, less-than-truckload, flatbed, temperature-controlled, and dedicated and regional trucking, as well as final mile, railcar, small parcel, and international transportation.