Hub Group (NASDAQ:HUBG) Trading Down 12.1% – Here’s What Happened

Hub Group, Inc. (NASDAQ:HUBG) traded down 12.1% on Thursday . The company traded as low as $37.52 and last traded at $37.3720. 776,521 shares traded hands during trading, a decline of 16% from the average session volume of 926,101 shares. The stock had previously closed at $42.53.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the company. Wolfe Research reiterated an “outperform” rating and issued a $50.00 target price on shares of Hub Group in a research note on Thursday, January 8th. Barclays restated an “overweight” rating and issued a $48.00 price target (up from $38.00) on shares of Hub Group in a report on Thursday, January 15th. Robert W. Baird set a $29.00 price objective on shares of Hub Group and gave the stock a “neutral” rating in a research note on Friday, February 6th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Hub Group in a research report on Monday, December 29th. Finally, TD Cowen reiterated a “hold” rating on shares of Hub Group in a report on Monday, January 12th. Eight analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Hub Group currently has an average rating of “Hold” and an average price target of $44.53.

Hub Group Price Performance

The stock has a fifty day moving average of $45.13 and a 200 day moving average of $39.17. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.47 and a quick ratio of 1.47. The stock has a market cap of $2.45 billion, a price-to-earnings ratio of 23.12, a P/E/G ratio of 1.36 and a beta of 1.13.

Hub Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 17th. Investors of record on Friday, December 5th were issued a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend was Friday, December 5th. Hub Group’s dividend payout ratio (DPR) is 28.90%.

Insider Transactions at Hub Group

In related news, Director Gary Yablon bought 4,566 shares of the company’s stock in a transaction that occurred on Thursday, December 11th. The shares were purchased at an average cost of $43.73 per share, with a total value of $199,671.18. Following the completion of the acquisition, the director directly owned 32,778 shares in the company, valued at approximately $1,433,381.94. The trade was a 16.18% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Phillip D. Yeager sold 32,000 shares of Hub Group stock in a transaction that occurred on Thursday, December 11th. The shares were sold at an average price of $43.68, for a total value of $1,397,760.00. Following the transaction, the chief executive officer owned 168,315 shares of the company’s stock, valued at approximately $7,351,999.20. This represents a 15.97% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 3.48% of the company’s stock.

Institutional Investors Weigh In On Hub Group

Several hedge funds have recently bought and sold shares of HUBG. Oregon Public Employees Retirement Fund boosted its holdings in Hub Group by 1.5% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 13,878 shares of the transportation company’s stock worth $591,000 after buying an additional 200 shares in the last quarter. Amalgamated Bank raised its position in shares of Hub Group by 1.8% in the third quarter. Amalgamated Bank now owns 17,597 shares of the transportation company’s stock worth $606,000 after acquiring an additional 311 shares during the period. Smartleaf Asset Management LLC boosted its stake 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 worth $44,000 after acquiring an additional 321 shares in the last quarter. Baird Financial Group Inc. boosted its stake 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 worth $3,019,000 after acquiring an additional 329 shares in the last quarter. Finally, ProShare Advisors LLC grew its position 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 acquiring an additional 355 shares during the period. Hedge funds and other institutional investors own 46.77% of the company’s stock.

About Hub Group

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.