Hub Group (NASDAQ:HUBG) Shares Gap Down – Time to Sell?

Hub Group, Inc. (NASDAQ:HUBG)’s share price gapped down before the market opened on Friday . The stock had previously closed at $42.58, but opened at $38.75. Hub Group shares last traded at $40.9770, with a volume of 92,740 shares.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on HUBG shares. Raymond James Financial reissued an “outperform” rating and set a $48.00 price objective on shares of Hub Group in a report on Wednesday, April 15th. Stifel Nicolaus lifted their price objective on Hub Group from $27.00 to $29.00 and gave the stock a “sell” rating in a research report on Thursday, April 2nd. Wells Fargo & Company reiterated an “equal weight” rating and issued a $35.00 price objective (down from $55.00) on shares of Hub Group in a research report on Thursday, March 26th. Zacks Research raised Hub Group from a “strong sell” rating to a “hold” rating in a research report on Monday, April 13th. Finally, Robert W. Baird set a $29.00 target price on Hub Group and gave the stock a “neutral” rating in a research report on Friday, February 6th. Seven investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $43.14.

Hub Group Trading Down 4.3%

The firm has a market cap of $2.49 billion, a P/E ratio of 23.55, a price-to-earnings-growth ratio of 1.23 and a beta of 1.26. The stock has a fifty day simple moving average of $39.59 and a 200 day simple moving average of $41.26. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.47 and a current ratio of 1.47.

Hub Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 17th. Shareholders of record on Friday, June 5th will be issued a $0.125 dividend. The ex-dividend date of this dividend is Friday, June 5th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.2%. Hub Group’s dividend payout ratio (DPR) is presently 28.90%.

Institutional Trading of Hub Group

Several large investors have recently modified their holdings of HUBG. Oregon Public Employees Retirement Fund grew its stake in Hub Group by 1.5% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 13,878 shares of the transportation company’s stock worth $591,000 after purchasing an additional 200 shares in the last quarter. Smartleaf Asset Management LLC lifted its holdings in shares of Hub Group by 33.4% during the 2nd quarter. Smartleaf Asset Management LLC now owns 1,282 shares of the transportation company’s stock valued at $44,000 after purchasing an additional 321 shares during the last quarter. Baird Financial Group Inc. lifted its holdings in shares of Hub Group by 0.4% during the 2nd quarter. Baird Financial Group Inc. now owns 90,318 shares of the transportation company’s stock valued at $3,019,000 after purchasing an additional 329 shares during the last quarter. ProShare Advisors LLC lifted its holdings in shares of Hub Group by 3.1% during the 4th quarter. ProShare Advisors LLC now owns 11,631 shares of the transportation company’s stock valued at $496,000 after purchasing an additional 355 shares during the last quarter. Finally, New York State Common Retirement Fund lifted its holdings in shares of Hub Group by 2.1% during the 2nd quarter. New York State Common Retirement Fund now owns 19,327 shares of the transportation company’s stock valued at $646,000 after purchasing an additional 397 shares during the last quarter. Institutional investors own 46.77% of the company’s stock.

Hub Group Company Profile

Hub Group, Inc (NASDAQ: HUBG) is a leading supply chain solutions provider headquartered in Oak Brook, Illinois. Founded in 1971 as Hub City Terminals and renamed Hub Group in 1978, the company completed its initial public offering in 2007. Over the decades, Hub Group has developed a comprehensive multimodal transportation network, leveraging partnerships with major rail carriers and an extensive drayage fleet to offer cost-efficient, sustainable shipping alternatives.

The company operates through two primary segments: Intermodal and Transportation Management.