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

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 changing hands.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on HUBG shares. 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 research report on Monday, February 12th. StockNews.com raised shares of Hub Group from a “sell” rating to a “hold” rating in a research note on Friday, March 1st. Susquehanna reduced their price target on shares of Hub Group from $49.00 to $46.00 and set a “neutral” rating on the stock in a research report on Monday, March 25th. TD Cowen upped their price objective on shares of Hub Group from $52.00 to $54.00 and gave the company an “outperform” rating in a research report on Friday, February 2nd. Finally, Stifel Nicolaus lifted their target price on Hub Group from $49.50 to $52.00 and gave the stock a “buy” rating in a report on Wednesday, January 10th. Six investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $46.63.

Hub Group Trading Down 4.3 %

The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.15. The company has a market capitalization of $2.45 billion, a P/E ratio of 15.65 and a beta of 0.89. The business has a fifty day moving average price of $42.70 and a 200 day moving average price of $41.59.

Hub Group (NASDAQ:HUBG) last released its earnings results on Thursday, February 1st. The transportation company reported $0.54 EPS for the quarter, beating the consensus estimate of $0.52 by $0.02. The firm had revenue of $985.60 million for the quarter, compared to analysts’ expectations of $997.67 million. Hub Group had a return on equity of 10.56% and a net margin of 3.99%. The business’s quarterly revenue was down 23.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.42 EPS. On average, analysts expect that Hub Group, Inc. will post 2.22 earnings per share for the current fiscal year.

Hub Group Dividend Announcement

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

Hedge Funds Weigh In On Hub Group

Large investors have recently modified their holdings of the business. Anchor Investment Management LLC bought a new stake in Hub Group during the fourth quarter worth about $37,000. Adirondack Trust Co. bought a new stake in shares of Hub Group during the 3rd quarter worth approximately $39,000. Lazard Asset Management LLC acquired a new stake in shares of Hub Group in the 1st quarter valued at approximately $46,000. Exchange Traded Concepts LLC grew its stake in shares of Hub Group by 60.3% in the third quarter. Exchange Traded Concepts LLC now owns 795 shares of the transportation company’s stock valued at $62,000 after buying an additional 299 shares in the last quarter. Finally, Headlands Technologies LLC acquired a new position in Hub Group during the third quarter worth $63,000. 46.77% of the stock is currently owned by institutional investors and hedge funds.

About Hub Group

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.