Hub Group (NASDAQ:HUBG) Stock Price Down 3% – Here’s What Happened

Hub Group, Inc. (NASDAQ:HUBG)’s stock price dropped 3% during mid-day trading on Friday . The stock traded as low as $43.57 and last traded at $43.72. Approximately 431,758 shares changed hands during mid-day trading, a decline of 7% from the average daily volume of 465,999 shares. The stock had previously closed at $45.07.

Analyst Ratings Changes

HUBG has been the subject of several research reports. Susquehanna decreased their price objective on shares of Hub Group from $50.00 to $48.00 and set a “neutral” rating for the company in a research note on Friday, November 1st. Barclays increased their target price on shares of Hub Group from $42.00 to $52.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 13th. Evercore ISI upped their target price on Hub Group from $41.00 to $43.00 and gave the stock an “in-line” rating in a research note on Thursday, October 3rd. TD Cowen lifted their price target on shares of Hub Group from $43.00 to $49.00 and gave the company a “hold” rating in a research note on Thursday, October 31st. Finally, Benchmark reissued a “buy” rating and issued a $47.00 price target on shares of Hub Group in a report on Friday, November 1st. Ten research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Hub Group currently has a consensus rating of “Hold” and an average price target of $46.83.

Hub Group Trading Down 3.1 %

The stock has a market capitalization of $2.68 billion, a PE ratio of 24.81 and a beta of 0.92. The company’s 50 day moving average price is $47.75 and its two-hundred day moving average price is $45.26. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.30 and a quick ratio of 1.30.

Hub Group (NASDAQ:HUBG) last released its earnings results on Wednesday, October 30th. The transportation company reported $0.52 earnings per share for the quarter, topping analysts’ consensus estimates of $0.49 by $0.03. The business had revenue of $986.89 million for the quarter, compared to analyst estimates of $1.06 billion. Hub Group had a net margin of 2.74% and a return on equity of 7.44%. The business’s revenue was down 3.7% on a year-over-year basis. During the same period last year, the company posted $0.49 EPS. As a group, analysts expect that Hub Group, Inc. will post 1.91 earnings per share for the current year.

Hub Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, December 6th will be issued a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 1.14%. The ex-dividend date is Friday, December 6th. Hub Group’s payout ratio is currently 28.41%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of HUBG. GAMMA Investing LLC lifted its holdings in Hub Group by 65.0% in the third quarter. GAMMA Investing LLC now owns 711 shares of the transportation company’s stock valued at $32,000 after acquiring an additional 280 shares during the last quarter. Arizona State Retirement System lifted its stake in shares of Hub Group by 1.6% in the 2nd quarter. Arizona State Retirement System now owns 17,427 shares of the transportation company’s stock valued at $750,000 after purchasing an additional 282 shares during the last quarter. Inspire Advisors LLC grew its holdings in shares of Hub Group by 1.7% during the 2nd quarter. Inspire Advisors LLC now owns 17,327 shares of the transportation company’s stock worth $746,000 after purchasing an additional 284 shares during the period. Highland Capital Management LLC increased its position in shares of Hub Group by 9.4% during the 3rd quarter. Highland Capital Management LLC now owns 5,086 shares of the transportation company’s stock worth $231,000 after purchasing an additional 437 shares during the last quarter. Finally, Aristides Capital LLC raised its holdings in Hub Group by 9.2% in the 2nd quarter. Aristides Capital LLC now owns 5,987 shares of the transportation company’s stock valued at $258,000 after buying an additional 506 shares during the period. Hedge funds and other institutional investors own 46.77% of the company’s stock.

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.