Hub Group (NASDAQ:HUBG) Shares Gap Down – Time to Sell?

Shares of Hub Group, Inc. (NASDAQ:HUBG) gapped down prior to trading on Friday . The stock had previously closed at $43.28, but opened at $42.00. Hub Group shares last traded at $42.25, with a volume of 222,238 shares trading hands.

Analysts Set New Price Targets

HUBG has been the subject of several analyst reports. TD Cowen upped their price target on Hub Group from $43.00 to $49.00 and gave the stock a “hold” rating in a research note on Thursday, October 31st. Barclays upped their target price on Hub Group from $42.00 to $52.00 and gave the company an “equal weight” rating in a research report on Wednesday, November 13th. Stifel Nicolaus increased their price target on Hub Group from $46.00 to $53.00 and gave the stock a “buy” rating in a research note on Thursday, January 23rd. Benchmark increased their price objective on Hub Group from $47.00 to $49.00 and gave the stock a “buy” rating in a research note on Friday, January 10th. Finally, Susquehanna upgraded Hub Group from a “neutral” rating to a “positive” rating and set a $55.00 target price for the company in a research note on Friday, January 3rd. Nine investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $48.27.

Hub Group Trading Down 4.3 %

The firm has a market capitalization of $2.54 billion, a P/E ratio of 23.52 and a beta of 0.94. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 0.12. The firm has a 50 day moving average of $46.04 and a 200-day moving average of $45.55.

Hub Group (NASDAQ:HUBG) last released its quarterly earnings data on Thursday, February 6th. The transportation company reported $0.48 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.48. Hub Group had a net margin of 2.74% and a return on equity of 7.44%. On average, equities research analysts predict that Hub Group, Inc. will post 1.91 earnings per share for the current fiscal year.

Hub Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, December 6th were issued a dividend of $0.125 per share. The ex-dividend date was Friday, December 6th. This represents a $0.50 dividend on an annualized basis and a yield of 1.21%. Hub Group’s payout ratio is 28.41%.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Raymond James Financial Inc. bought a new position in Hub Group in the fourth quarter worth about $9,315,000. Principal Financial Group Inc. lifted its stake in shares of Hub Group by 14.3% during the 3rd quarter. Principal Financial Group Inc. now owns 783,456 shares of the transportation company’s stock valued at $35,608,000 after buying an additional 97,768 shares in the last quarter. Barclays PLC increased its holdings in Hub Group by 199.6% in the 3rd quarter. Barclays PLC now owns 117,774 shares of the transportation company’s stock valued at $5,354,000 after acquiring an additional 78,467 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Hub Group by 14.6% during the 4th quarter. Bank of New York Mellon Corp now owns 577,940 shares of the transportation company’s stock worth $25,753,000 after purchasing an additional 73,712 shares during the period. Finally, Edgestream Partners L.P. purchased a new position in shares of Hub Group during the 3rd quarter worth about $3,212,000. 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.