Hub Group, Inc. (NASDAQ:HUBG) Sees Significant Drop in Short Interest

Hub Group, Inc. (NASDAQ:HUBG - Get Free Report) was the target of a significant decline in short interest in April. As of April 15th, there was short interest totalling 1,120,000 shares, a decline of 17.0% from the March 31st total of 1,350,000 shares. Based on an average daily volume of 656,000 shares, the days-to-cover ratio is presently 1.7 days. Approximately 1.9% of the shares of the stock are short sold.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of HUBG. Dana Investment Advisors Inc. raised its holdings in shares of Hub Group by 1.1% during the fourth quarter. Dana Investment Advisors Inc. now owns 22,781 shares of the transportation company's stock valued at $1,015,000 after purchasing an additional 252 shares during the period. Nisa Investment Advisors LLC raised its stake in Hub Group by 0.8% during the 4th quarter. Nisa Investment Advisors LLC now owns 31,522 shares of the transportation company's stock worth $1,405,000 after buying an additional 260 shares during the period. Summit Investment Advisors Inc. boosted its holdings in Hub Group by 4.8% in the fourth quarter. Summit Investment Advisors Inc. now owns 6,268 shares of the transportation company's stock worth $279,000 after acquiring an additional 287 shares in the last quarter. Nomura Asset Management Co. Ltd. grew its stake in Hub Group by 48.4% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 950 shares of the transportation company's stock valued at $42,000 after acquiring an additional 310 shares during the period. Finally, Highland Capital Management LLC grew its stake in Hub Group by 6.6% in the fourth quarter. Highland Capital Management LLC now owns 5,424 shares of the transportation company's stock valued at $242,000 after acquiring an additional 338 shares during the period. 46.77% of the stock is owned by institutional investors.

Analyst Ratings Changes

HUBG has been the topic of several recent analyst reports. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Hub Group in a report on Friday, March 7th. They issued a "hold" rating and a $41.00 target price on the stock. Susquehanna decreased their price objective on shares of Hub Group from $55.00 to $48.00 and set a "positive" rating on the stock in a research note on Wednesday, March 26th. Barclays cut their target price on Hub Group from $50.00 to $45.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 2nd. Stifel Nicolaus raised their price target on shares of Hub Group from $46.00 to $53.00 and gave the company a "buy" rating in a research note on Thursday, January 23rd. Finally, Benchmark reduced their price objective on Hub Group from $49.00 to $40.00 and set a "buy" rating on the stock in a research report on Wednesday, April 23rd. Six analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat, Hub Group currently has an average rating of "Hold" and an average price target of $46.44.

Hub Group Trading Down 1.5 %

Shares of NASDAQ:HUBG traded down $0.48 during trading on Monday, reaching $32.40. The stock had a trading volume of 1,057,284 shares, compared to its average volume of 516,360. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.30 and a current ratio of 1.33. The firm's fifty day moving average is $35.61 and its 200 day moving average is $42.36. Hub Group has a 52 week low of $30.84 and a 52 week high of $53.21. The stock has a market cap of $1.99 billion, a price-to-earnings ratio of 19.06 and a beta of 1.13.

Hub Group (NASDAQ:HUBG - Get Free Report) last released its earnings results on Thursday, February 6th. The transportation company reported $0.48 EPS for the quarter, hitting the consensus estimate of $0.48. Hub Group had a return on equity of 7.10% and a net margin of 2.64%. As a group, equities analysts forecast that Hub Group will post 2.2 EPS for the current fiscal year.

Hub Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Tuesday, March 18th were given a dividend of $0.125 per share. The ex-dividend date of this dividend was Tuesday, March 18th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.54%. Hub Group's payout ratio is presently 29.41%.

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.