Short Interest in Hub Group, Inc. (NASDAQ:HUBG) Declines By 13.8%

Hub Group, Inc. (NASDAQ:HUBG - Get Free Report) saw a significant decrease in short interest in May. As of May 15th, there was short interest totalling 1,000,000 shares, a decrease of 13.8% from the April 30th total of 1,160,000 shares. Based on an average daily volume of 681,500 shares, the short-interest ratio is currently 1.5 days. Approximately 1.7% of the company's stock are short sold.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. Benchmark lowered their price target on Hub Group from $40.00 to $33.13 and set a "buy" rating on the stock in a report on Friday, May 9th. Barclays decreased their price objective on Hub Group from $45.00 to $40.00 and set an "equal weight" rating for the company in a research report on Monday, May 12th. TD Cowen dropped their target price on Hub Group from $40.00 to $36.00 and set a "hold" rating on the stock in a report on Friday, May 9th. Deutsche Bank Aktiengesellschaft began coverage on shares of Hub Group in a research report on Friday, March 7th. They issued a "hold" rating and a $41.00 price target for the company. Finally, Susquehanna decreased their price target on shares of Hub Group from $55.00 to $48.00 and set a "positive" rating for the company in a report on Wednesday, March 26th. Six analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $43.68.

Hub Group Stock Up 0.9%

Shares of Hub Group stock traded up $0.31 during trading on Friday, hitting $33.69. 339,710 shares of the stock traded hands, compared to its average volume of 538,832. The stock has a market cap of $2.06 billion, a P/E ratio of 19.82 and a beta of 1.13. The company has a fifty day moving average price of $33.56 and a two-hundred day moving average price of $40.43. Hub Group has a twelve month low of $30.75 and a twelve month high of $53.21. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.30 and a current ratio of 1.33.

Hub Group (NASDAQ:HUBG - Get Free Report) last posted its earnings results on Thursday, May 8th. The transportation company reported $0.44 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.42 by $0.02. Hub Group had a net margin of 2.64% and a return on equity of 7.10%. The firm had revenue of $915.22 million during the quarter, compared to analysts' expectations of $973.86 million. During the same period in the previous year, the company earned $0.44 earnings per share. The company's revenue was down 8.5% compared to the same quarter last year. Equities research analysts predict 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. Shareholders of record on Tuesday, March 18th were issued a dividend of $0.125 per share. The ex-dividend date was Tuesday, March 18th. This represents a $0.50 annualized dividend and a yield of 1.48%. Hub Group's dividend payout ratio (DPR) is currently 29.41%.

Institutional Trading of Hub Group

Large investors have recently made changes to their positions in the stock. Capital International Investors bought a new position in shares of Hub Group in the 4th quarter valued at approximately $95,105,000. Norges Bank bought a new position in shares of Hub Group in the fourth quarter valued at approximately $41,487,000. Nuveen LLC bought a new position in shares of Hub Group in the first quarter valued at approximately $28,380,000. Fuller & Thaler Asset Management Inc. lifted its stake in shares of Hub Group by 90.3% in the first quarter. Fuller & Thaler Asset Management Inc. now owns 1,248,265 shares of the transportation company's stock worth $46,398,000 after buying an additional 592,443 shares during the last quarter. Finally, Balyasny Asset Management L.P. boosted its holdings in shares of Hub Group by 77.1% during the 4th quarter. Balyasny Asset Management L.P. now owns 1,147,499 shares of the transportation company's stock worth $51,133,000 after buying an additional 499,621 shares during the period. 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.