Hub Group (NASDAQ:HUBG) Trading Down 3% – What’s Next?

Hub Group, Inc. (NASDAQ:HUBG)’s share price traded down 3% on Friday . The company traded as low as $43.57 and last traded at $43.72. 431,758 shares changed hands during trading, a decline of 7% from the average session volume of 465,999 shares. The stock had previously closed at $45.07.

Analysts Set New Price Targets

Several analysts recently weighed in on the stock. TD Cowen raised their target price on shares of Hub Group from $43.00 to $49.00 and gave the company a “hold” rating in a report on Thursday, October 31st. Benchmark reaffirmed a “buy” rating and set a $47.00 price target on shares of Hub Group in a research report on Friday, November 1st. Susquehanna lowered their price target on Hub Group from $50.00 to $48.00 and set a “neutral” rating on the stock in a report on Friday, November 1st. Barclays boosted their price objective on shares of Hub Group from $42.00 to $52.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 13th. Finally, Evercore ISI raised their target price on Hub Group from $41.00 to $43.00 and gave the company an “in-line” rating in a report on Thursday, October 3rd. Ten investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $46.83.

Hub Group Trading Down 4.4 %

The firm has a market cap of $2.64 billion, a price-to-earnings ratio of 24.47 and a beta of 0.92. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.30 and a quick ratio of 1.30. The business has a 50-day moving average of $47.74 and a 200-day moving average of $45.26.

Hub Group (NASDAQ:HUBG) last released its quarterly earnings data on Wednesday, October 30th. The transportation company reported $0.52 EPS for the quarter, topping analysts’ consensus estimates of $0.49 by $0.03. Hub Group had a net margin of 2.74% and a return on equity of 7.44%. The firm had revenue of $986.89 million during the quarter, compared to analysts’ expectations of $1.06 billion. During the same period in the previous year, the business posted $0.49 earnings per share. The company’s revenue for the quarter was down 3.7% compared to the same quarter last year. Research analysts anticipate that Hub Group, Inc. will post 1.91 EPS for the current year.

Hub Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Friday, December 6th were paid a $0.125 dividend. The ex-dividend date was Friday, December 6th. This represents a $0.50 annualized dividend and a dividend yield of 1.16%. Hub Group’s payout ratio is 28.41%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of HUBG. State Street Corp increased its position in Hub Group by 0.8% during the 3rd quarter. State Street Corp now owns 2,489,503 shares of the transportation company’s stock worth $113,148,000 after purchasing an additional 20,215 shares in the last quarter. Pacer Advisors Inc. lifted its stake in shares of Hub Group by 0.4% in the 2nd quarter. Pacer Advisors Inc. now owns 2,356,564 shares of the transportation company’s stock valued at $101,450,000 after acquiring an additional 8,700 shares during the last quarter. Select Equity Group L.P. boosted its holdings in shares of Hub Group by 19.4% during the 2nd quarter. Select Equity Group L.P. now owns 1,836,354 shares of the transportation company’s stock valued at $79,055,000 after acquiring an additional 298,390 shares in the last quarter. Geode Capital Management LLC grew its position in Hub Group by 0.7% during the 3rd quarter. Geode Capital Management LLC now owns 1,482,308 shares of the transportation company’s stock worth $67,383,000 after acquiring an additional 10,328 shares during the last quarter. Finally, American Century Companies Inc. raised its position in Hub Group by 6.1% in the second quarter. American Century Companies Inc. now owns 1,322,166 shares of the transportation company’s stock valued at $56,919,000 after purchasing an additional 76,431 shares during the last quarter. Institutional investors and hedge funds 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.