Hub Group Stock Scheduled to Split on Monday, January 29th (NASDAQ:HUBG)

Shares of Hub Group, Inc. (NASDAQ:HUBGFree Report) are going to split on the morning of Monday, January 29th. The 2-1 split was announced on Monday, January 29th. The newly minted shares will be issued to shareholders after the closing bell on Monday, January 29th.

Hub Group Trading Down 1.0 %

Shares of HUBG stock opened at $92.16 on Friday. Hub Group has a 12-month low of $63.45 and a 12-month high of $104.67. The company has a current ratio of 1.65, a quick ratio of 1.65 and a debt-to-equity ratio of 0.15. The stock’s 50-day moving average price is $85.97 and its 200-day moving average price is $81.67. The stock has a market capitalization of $2.93 billion, a price-to-earnings ratio of 13.73 and a beta of 0.96.

Hub Group (NASDAQ:HUBGGet Free Report) last released its quarterly earnings results on Thursday, October 26th. The transportation company reported $0.97 EPS for the quarter, missing the consensus estimate of $1.19 by ($0.22). The company had revenue of $1.02 billion during the quarter, compared to analysts’ expectations of $1.02 billion. Hub Group had a return on equity of 13.42% and a net margin of 4.84%. The company’s revenue was down 24.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.61 EPS. Equities research analysts predict that Hub Group will post 5.34 EPS for the current fiscal year.

Analyst Ratings Changes

Several research analysts recently commented on HUBG shares. Barclays dropped their price target on Hub Group from $80.00 to $75.00 and set an “equal weight” rating for the company in a research report on Friday, October 27th. Susquehanna lowered Hub Group from a “positive” rating to a “neutral” rating and lifted their price target for the stock from $88.00 to $97.00 in a research report on Wednesday, January 10th. Morgan Stanley dropped their target price on Hub Group from $86.00 to $83.00 and set an “equal weight” rating for the company in a research report on Monday, October 2nd. Benchmark boosted their target price on Hub Group from $85.00 to $98.00 and gave the company a “buy” rating in a research report on Friday, December 22nd. Finally, TD Cowen boosted their target price on Hub Group from $101.00 to $104.00 and gave the company an “outperform” rating in a research report on Thursday, December 21st. Six research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $97.60.

Check Out Our Latest Report on Hub Group

Hedge Funds Weigh In On Hub Group

Several institutional investors and hedge funds have recently added to or reduced their stakes in HUBG. Pacer Advisors Inc. boosted its holdings in Hub Group by 54.5% in the fourth quarter. Pacer Advisors Inc. now owns 727,572 shares of the transportation company’s stock worth $66,893,000 after acquiring an additional 256,551 shares in the last quarter. Anchor Investment Management LLC purchased a new stake in shares of Hub Group in the fourth quarter valued at approximately $37,000. American Century Companies Inc. increased its position in shares of Hub Group by 12.9% in the third quarter. American Century Companies Inc. now owns 456,022 shares of the transportation company’s stock valued at $35,816,000 after buying an additional 52,248 shares in the last quarter. Comerica Bank increased its position in shares of Hub Group by 122.6% during the third quarter. Comerica Bank now owns 14,554 shares of the transportation company’s stock worth $1,143,000 after purchasing an additional 8,015 shares in the last quarter. Finally, Morgan Stanley increased its position in shares of Hub Group by 1.7% during the third quarter. Morgan Stanley now owns 510,484 shares of the transportation company’s stock worth $40,094,000 after purchasing an additional 8,729 shares in the last quarter. Hedge funds and other institutional investors own 90.85% of the company’s stock.

About Hub Group

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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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