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

Hub Group, Inc. (NASDAQ:HUBG)’s stock price gapped down before the market opened 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.

Analysts Set New Price Targets

Several equities research analysts have commented on the company. Wells Fargo & Company boosted their price objective on Hub Group from $45.00 to $50.00 and gave the stock an “overweight” rating in a research note on Friday, February 2nd. StockNews.com upgraded Hub Group from a “sell” rating to a “hold” rating in a report on Friday, March 1st. Morgan Stanley boosted their target price on Hub Group from $43.00 to $44.00 and gave the stock an “equal weight” rating in a report on Monday, February 12th. Benchmark restated a “buy” rating and set a $49.00 target price on shares of Hub Group in a report on Wednesday, April 10th. Finally, TD Cowen boosted their target price on Hub Group from $52.00 to $54.00 and gave the stock an “outperform” rating in a report on Friday, February 2nd. Six analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $46.63.

Hub Group Stock Down 0.8 %

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 business has a 50 day simple moving average of $42.49 and a 200 day simple moving average of $41.55. The company has a market capitalization of $2.43 billion, a price-to-earnings ratio of 14.87 and a beta of 0.89.

Hub Group (NASDAQ:HUBG) last posted its quarterly earnings data 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. Hub Group had a return on equity of 10.56% and a net margin of 3.99%. The business had revenue of $985.60 million for the quarter, compared to analyst estimates of $997.67 million. During the same quarter in the prior year, the company earned $2.42 earnings per share. The company’s revenue was down 23.3% on a year-over-year basis. As a group, equities analysts predict that Hub Group, Inc. will post 2.19 earnings per share for the current fiscal year.

Hub Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 27th. Stockholders of record on Friday, March 8th were given a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.29%. The ex-dividend date of this dividend was Thursday, March 7th. Hub Group’s dividend payout ratio is currently 19.19%.

Institutional Trading of Hub Group

Large investors have recently modified their holdings of the stock. Fuller & Thaler Asset Management Inc. increased its holdings in Hub Group by 108.6% in 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. increased its holdings in Hub Group by 1,423.2% in the first quarter. Envestnet Asset Management Inc. now owns 396,428 shares of the transportation company’s stock valued at $1,778,000 after buying an additional 370,402 shares during the last quarter. Norges Bank purchased a new position in Hub Group in the fourth quarter valued at $28,885,000. LSV Asset Management increased its holdings in Hub Group by 9,049.5% in the third quarter. LSV Asset Management now owns 334,962 shares of the transportation company’s stock valued at $26,308,000 after buying an additional 331,301 shares during the last quarter. Finally, Pacer Advisors Inc. increased its holdings in Hub Group by 54.5% in the fourth quarter. Pacer Advisors Inc. now owns 727,572 shares of the transportation company’s stock valued at $66,893,000 after buying an additional 256,551 shares during the last quarter. Hedge funds and other institutional investors own 46.77% of the company’s stock.

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.