Hub Group, Inc. (NASDAQ:HUBG - Get Free Report) saw a significant decrease in short interest during the month of April. As of April 15th, there was short interest totalling 1,110,000 shares, a decrease of 6.7% from the March 31st total of 1,190,000 shares. Based on an average daily volume of 498,500 shares, the short-interest ratio is presently 2.2 days.
Hub Group Trading Up 2.0 %
Shares of NASDAQ:HUBG traded up $0.80 during trading on Wednesday, reaching $41.02. 515,166 shares of the company traded hands, compared to its average volume of 494,061. The firm has a market capitalization of $2.58 billion, a price-to-earnings ratio of 19.49 and a beta of 0.89. Hub Group has a 52-week low of $31.73 and a 52-week high of $47.58. The company has a current ratio of 1.28, a quick ratio of 1.29 and a debt-to-equity ratio of 0.14. The business's fifty day moving average is $41.74 and its 200-day moving average is $41.63.
Hub Group (NASDAQ:HUBG - Get Free Report) last announced its quarterly earnings results on Thursday, April 25th. The transportation company reported $0.44 EPS for the quarter, topping analysts' consensus estimates of $0.40 by $0.04. Hub Group had a return on equity of 8.48% and a net margin of 3.28%. The company had revenue of $1,000.00 million during the quarter, compared to analyst estimates of $1.05 billion. During the same quarter last year, the firm posted $0.94 earnings per share. The firm's revenue was down 16.7% on a year-over-year basis. As a group, analysts forecast that Hub Group will post 2.08 EPS for the current year.
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Hub Group Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 27th. Investors of record on Friday, March 8th were paid a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 1.22%. The ex-dividend date was Thursday, March 7th. Hub Group's payout ratio is 23.75%.
Institutional Trading of Hub Group
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Retirement Systems of Alabama lifted its stake in Hub Group by 102.0% in the first quarter. Retirement Systems of Alabama now owns 104,910 shares of the transportation company's stock worth $4,534,000 after acquiring an additional 52,986 shares during the period. Harel Insurance Investments & Financial Services Ltd. lifted its stake in Hub Group by 81.5% in the first quarter. Harel Insurance Investments & Financial Services Ltd. now owns 744 shares of the transportation company's stock worth $32,000 after acquiring an additional 334 shares during the period. Principal Financial Group Inc. lifted its stake in Hub Group by 109.6% in the first quarter. Principal Financial Group Inc. now owns 702,443 shares of the transportation company's stock worth $30,360,000 after acquiring an additional 367,345 shares during the period. Silicon Valley Capital Partners raised its holdings in Hub Group by 100.6% in the first quarter. Silicon Valley Capital Partners now owns 682 shares of the transportation company's stock worth $29,000 after purchasing an additional 342 shares in the last quarter. Finally, Yousif Capital Management LLC raised its holdings in Hub Group by 91.8% in the first quarter. Yousif Capital Management LLC now owns 29,701 shares of the transportation company's stock worth $1,284,000 after purchasing an additional 14,219 shares in the last quarter. Hedge funds and other institutional investors own 46.77% of the company's stock.
Wall Street Analysts Forecast Growth
Several analysts have issued reports on HUBG shares. JPMorgan Chase & Co. upped their target price on Hub Group from $43.50 to $46.00 and gave the stock a "neutral" rating in a research note on Tuesday, January 9th. Wells Fargo & Company upped their target price on Hub Group from $45.00 to $50.00 and gave the stock an "overweight" rating in a research note on Friday, February 2nd. Stephens cut their target price on Hub Group from $44.00 to $42.00 and set an "equal weight" rating for the company in a research note on Friday, April 26th. BMO Capital Markets cut their target price on Hub Group from $48.00 to $45.00 and set a "market perform" rating for the company in a research note on Friday, April 26th. Finally, Stifel Nicolaus upped their target price on Hub Group from $49.50 to $52.00 and gave the stock a "buy" rating in a research note on Wednesday, January 10th. Seven research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, Hub Group currently has a consensus rating of "Hold" and a consensus price target of $46.54.
Read Our Latest Stock Report on HUBG
Hub Group Company Profile
(
Get Free Report)
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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