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

Hub Group, Inc. (NASDAQ:HUBG - Get Free Report) 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.

Wall Street Analysts Forecast Growth

HUBG has been the topic of a number of recent analyst reports. Benchmark reiterated a "buy" rating and set a $49.00 price target on shares of Hub Group in a report on Wednesday, April 10th. StockNews.com raised Hub Group from a "sell" rating to a "hold" rating in a report on Friday, March 1st. JPMorgan Chase & Co. increased their price objective on Hub Group from $43.50 to $46.00 and gave the company a "neutral" rating in a research report on Tuesday, January 9th. Stephens decreased their target price on Hub Group from $49.00 to $44.00 and set an "equal weight" rating for the company in a research report on Thursday, April 4th. Finally, Morgan Stanley raised their price target on shares of Hub Group from $43.00 to $44.00 and gave the company an "equal weight" rating in a report on Monday, February 12th. Six equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $46.63.

Hub Group Trading Down 4.2 %

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 firm has a market capitalization of $2.45 billion, a PE ratio of 14.98 and a beta of 0.89. The stock's fifty day simple moving average is $42.70 and its 200 day simple moving average is $41.59.

Hub Group (NASDAQ:HUBG - Get Free Report) last posted its quarterly earnings data on Thursday, February 1st. The transportation company reported $0.54 EPS for the quarter, topping the consensus estimate of $0.52 by $0.02. The firm had revenue of $985.60 million during the quarter, compared to analyst estimates of $997.67 million. Hub Group had a return on equity of 10.56% and a net margin of 3.99%. Hub Group's revenue was down 23.3% on a year-over-year basis. During the same period in the prior year, the business posted $2.42 EPS. On average, sell-side analysts predict that Hub Group, Inc. will post 2.22 earnings per share for the current year.

Hub Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 27th. Stockholders of record on Friday, March 8th were given a dividend of $0.125 per share. The ex-dividend date was Thursday, March 7th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.28%. Hub Group's payout ratio is currently 19.19%.

Institutional Investors Weigh In On Hub Group

Several hedge funds and other institutional investors have recently added to or reduced their stakes in HUBG. BlackRock Inc. increased its stake in shares of Hub Group by 0.5% in the first quarter. BlackRock Inc. now owns 6,155,462 shares of the transportation company's stock worth $516,689,000 after purchasing an additional 29,560 shares in the last quarter. Vanguard Group Inc. increased its stake in Hub Group by 1.3% in the 3rd quarter. Vanguard Group Inc. now owns 3,729,559 shares of the transportation company's stock worth $257,265,000 after buying an additional 49,438 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in Hub Group by 2.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,475,738 shares of the transportation company's stock valued at $227,623,000 after acquiring an additional 50,783 shares during the period. Victory Capital Management Inc. raised its holdings in Hub Group by 7.5% during the fourth quarter. Victory Capital Management Inc. now owns 1,801,201 shares of the transportation company's stock valued at $165,602,000 after acquiring an additional 125,924 shares during the period. Finally, State Street Corp lifted its position in shares of Hub Group by 3.3% in the first quarter. State Street Corp now owns 1,433,008 shares of the transportation company's stock valued at $110,643,000 after acquiring an additional 45,357 shares in the last quarter. 46.77% of the stock is owned by hedge funds and other institutional investors.

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.