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

Hub Group, Inc. (NASDAQ:HUBG)’s stock price gapped down prior to trading on Thursday . The stock had previously closed at $43.75, but opened at $39.38. Hub Group shares last traded at $42.81, with a volume of 38,646 shares changing hands.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. TD Cowen lifted their price objective on Hub Group from $43.00 to $49.00 and gave the company a “hold” rating in a research report on Thursday. Stifel Nicolaus lowered their price objective on Hub Group from $45.00 to $43.00 and set a “buy” rating for the company in a research report on Tuesday, August 6th. JPMorgan Chase & Co. lifted their price objective on Hub Group from $43.00 to $51.00 and gave the company a “neutral” rating in a research report on Friday, August 2nd. Benchmark reaffirmed a “buy” rating and issued a $47.00 price objective on shares of Hub Group in a research report on Tuesday, September 17th. Finally, Evercore ISI lifted their price objective on Hub Group from $41.00 to $43.00 and gave the company an “in-line” rating in a research report on Thursday, October 3rd. Nine analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $46.55.

Hub Group Stock Performance

The stock has a 50 day simple moving average of $44.32 and a 200 day simple moving average of $43.42. The company has a market cap of $2.73 billion, a price-to-earnings ratio of 20.83 and a beta of 0.88. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 0.13.

Hub Group (NASDAQ:HUBG) last issued its quarterly earnings data on Wednesday, October 30th. The transportation company reported $0.52 EPS for the quarter, topping analysts’ consensus estimates of $0.49 by $0.03. The company had revenue of $986.89 million for the quarter, compared to analysts’ expectations of $1.06 billion. Hub Group had a return on equity of 7.37% and a net margin of 2.89%. The firm’s quarterly revenue was down 3.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.49 earnings per share. As a group, analysts predict that Hub Group, Inc. will post 1.92 EPS for the current year.

Hub Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 25th. Shareholders of record on Friday, September 6th were paid a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.14%. The ex-dividend date was Friday, September 6th. Hub Group’s dividend payout ratio is presently 23.81%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. GAMMA Investing LLC lifted its stake in shares of Hub Group by 65.0% in the third quarter. GAMMA Investing LLC now owns 711 shares of the transportation company’s stock worth $32,000 after acquiring an additional 280 shares in the last quarter. Arizona State Retirement System lifted its stake in shares of Hub Group by 1.6% in the second quarter. Arizona State Retirement System now owns 17,427 shares of the transportation company’s stock worth $750,000 after acquiring an additional 282 shares in the last quarter. Inspire Advisors LLC lifted its stake in shares of Hub Group by 1.7% in the second quarter. Inspire Advisors LLC now owns 17,327 shares of the transportation company’s stock worth $746,000 after acquiring an additional 284 shares in the last quarter. Highland Capital Management LLC lifted its stake in shares of Hub Group by 9.4% in the third quarter. Highland Capital Management LLC now owns 5,086 shares of the transportation company’s stock worth $231,000 after acquiring an additional 437 shares in the last quarter. Finally, Covestor Ltd lifted its stake in shares of Hub Group by 37.4% in the first quarter. Covestor Ltd now owns 1,609 shares of the transportation company’s stock worth $70,000 after acquiring an additional 438 shares in 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.