Hub Group, Inc. (NASDAQ:HUBG - Get Free Report) was the target of a significant increase in short interest during the month of March. As of March 15th, there was short interest totalling 1,250,000 shares, an increase of 17.9% from the February 29th total of 1,060,000 shares. Based on an average trading volume of 519,000 shares, the short-interest ratio is currently 2.4 days.
Hub Group Price Performance
NASDAQ:HUBG traded up $0.27 during trading hours on Friday, hitting $43.22. The company's stock had a trading volume of 355,810 shares, compared to its average volume of 460,380. Hub Group has a 52-week low of $31.73 and a 52-week high of $47.58. The company has a market capitalization of $2.72 billion, a PE ratio of 16.59 and a beta of 0.89. The business's 50-day moving average is $43.61 and its two-hundred day moving average is $41.45. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.29 and a current ratio of 1.29.
Hub Group (NASDAQ:HUBG - Get Free Report) last announced its earnings results on Thursday, February 1st. The transportation company reported $0.54 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.52 by $0.02. Hub Group had a return on equity of 10.56% and a net margin of 3.99%. The company had revenue of $985.60 million for the quarter, compared to analyst estimates of $997.67 million. During the same period in the prior year, the company posted $2.42 EPS. Hub Group's quarterly revenue was down 23.3% on a year-over-year basis. As a group, research analysts anticipate that Hub Group will post 2.26 EPS for the current fiscal year.
Hub Group Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 27th. Shareholders of record on Friday, March 8th were given a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 1.16%. The ex-dividend date was Thursday, March 7th. Hub Group's dividend payout ratio is currently 19.19%.
Hedge Funds Weigh In On Hub Group
A number of institutional investors and hedge funds have recently bought and sold shares of the business. Anchor Investment Management LLC acquired a new stake in shares of Hub Group in the fourth quarter valued at approximately $37,000. Adirondack Trust Co. acquired a new position in shares of Hub Group during the third quarter worth $39,000. Lazard Asset Management LLC acquired a new position in Hub Group in the first quarter valued at $46,000. Exchange Traded Concepts LLC raised its holdings in shares of Hub Group by 60.3% during the third quarter. Exchange Traded Concepts LLC now owns 795 shares of the transportation company's stock valued at $62,000 after purchasing an additional 299 shares during the period. Finally, Headlands Technologies LLC bought a new stake in Hub Group in the 3rd quarter worth about $63,000. Institutional investors and hedge funds own 46.77% of the company's stock.
Wall Street Analyst Weigh In
HUBG has been the topic of a number of recent analyst reports. StockNews.com raised shares of Hub Group from a "sell" rating to a "hold" rating in a research note on Friday, March 1st. Susquehanna lowered their price target on Hub Group from $49.00 to $46.00 and set a "neutral" rating on the stock in a report on Monday, March 25th. TD Cowen boosted their price target on Hub Group from $52.00 to $54.00 and gave the stock an "outperform" rating in a research report on Friday, February 2nd. Stifel Nicolaus upped their price objective on Hub Group from $49.50 to $52.00 and gave the company a "buy" rating in a research note on Wednesday, January 10th. Finally, Benchmark increased their target price on Hub Group from $42.50 to $49.00 and gave the stock a "buy" rating in a report on Friday, December 22nd. Five investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $46.75.
Get Our Latest Analysis on Hub Group
Hub Group Company Profile
(
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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.
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