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

Hub Group, Inc. (NASDAQ:HUBG)’s share price gapped down before the market opened 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 changing hands.

Analysts Set New Price Targets

HUBG has been the subject of a number of research analyst reports. Morgan Stanley upped their price target on shares of Hub Group from $43.00 to $44.00 and gave the stock an “equal weight” rating in a research note on Monday, February 12th. Wells Fargo & Company upped their price target on shares of 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 shares of Hub Group from $49.00 to $44.00 and set an “equal weight” rating for the company in a research note on Thursday, April 4th. Stifel Nicolaus increased their target price on shares of 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 reissued a “buy” rating and set a $49.00 target price on shares of Hub Group in a research note on Wednesday, April 10th. Six 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, Hub Group presently has an average rating of “Hold” and an average price target of $46.63.

Hub Group Price Performance

The stock’s fifty day moving average price is $42.49 and its 200-day moving average price is $41.55. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.29 and a quick ratio of 1.29. The firm has a market cap of $2.43 billion, a price-to-earnings ratio of 14.87 and a beta of 0.89.

Hub Group (NASDAQ:HUBG) last released its quarterly earnings data on Thursday, February 1st. The transportation company reported $0.54 earnings per share for the quarter, beating the consensus estimate of $0.52 by $0.02. The firm had revenue of $985.60 million for the quarter, compared to analyst estimates of $997.67 million. Hub Group had a net margin of 3.99% and a return on equity of 10.56%. The company’s revenue for the quarter was down 23.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.42 EPS. Equities research analysts predict that Hub Group, Inc. will post 2.19 EPS for the current fiscal year.

Hub Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 27th. Shareholders of record on Friday, March 8th were paid a $0.125 dividend. The ex-dividend date of this dividend was Thursday, March 7th. This represents a $0.50 annualized dividend and a yield of 1.29%. Hub Group’s dividend payout ratio is presently 19.19%.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in HUBG. Raymond James & Associates increased its stake in Hub Group by 50.5% in the 1st quarter. Raymond James & Associates now owns 25,950 shares of the transportation company’s stock valued at $2,004,000 after buying an additional 8,711 shares during the period. Citigroup Inc. increased its stake in shares of Hub Group by 7.5% during the 1st quarter. Citigroup Inc. now owns 32,811 shares of the transportation company’s stock worth $2,533,000 after purchasing an additional 2,276 shares during the last quarter. PNC Financial Services Group Inc. increased its stake in shares of Hub Group by 11.8% during the 1st quarter. PNC Financial Services Group Inc. now owns 2,699 shares of the transportation company’s stock worth $210,000 after purchasing an additional 285 shares during the last quarter. MetLife Investment Management LLC increased its stake in shares of Hub Group by 57.3% during the 1st quarter. MetLife Investment Management LLC now owns 17,693 shares of the transportation company’s stock worth $1,366,000 after purchasing an additional 6,444 shares during the last quarter. Finally, Rhumbline Advisers increased its stake in shares of Hub Group by 1.1% during the 1st quarter. Rhumbline Advisers now owns 96,497 shares of the transportation company’s stock worth $7,451,000 after purchasing an additional 1,061 shares during the last quarter. Institutional investors and hedge funds own 46.77% of the company’s stock.

About Hub Group

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.