Hub Group (NASDAQ:HUBG) Stock Price Down 3% – Time to Sell?

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

Wall Street Analysts Forecast Growth

HUBG has been the topic of a number of recent research reports. Barclays lifted their price target on shares of Hub Group from $42.00 to $52.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 13th. Evercore ISI raised their price objective on Hub Group from $41.00 to $43.00 and gave the stock an “in-line” rating in a research report on Thursday, October 3rd. Benchmark reissued a “buy” rating and set a $47.00 target price on shares of Hub Group in a research report on Friday, November 1st. TD Cowen boosted their price target on shares of Hub Group from $43.00 to $49.00 and gave the stock a “hold” rating in a research report on Thursday, October 31st. Finally, 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 report on Friday, November 1st. Ten investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, Hub Group has a consensus rating of “Hold” and an average price target of $46.83.

Hub Group Trading Down 4.4 %

The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 0.12. The firm’s 50-day moving average is $47.74 and its 200-day moving average is $45.26. The firm has a market cap of $2.64 billion, a price-to-earnings ratio of 24.47 and a beta of 0.92.

Hub Group (NASDAQ:HUBG) last posted 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 company 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 firm’s revenue was down 3.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.49 EPS. As a group, sell-side analysts anticipate that Hub Group, Inc. will post 1.91 EPS for the current fiscal year.

Hub Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Friday, December 6th were issued a dividend of $0.125 per share. The ex-dividend date of this dividend was Friday, December 6th. This represents a $0.50 annualized dividend and a yield of 1.16%. Hub Group’s dividend payout ratio (DPR) is currently 28.41%.

Hedge Funds Weigh In On Hub Group

Several large investors have recently bought and sold shares of the stock. XTX Topco Ltd purchased a new position in Hub Group during the third quarter worth about $481,000. Principal Financial Group Inc. grew its stake in Hub Group by 14.3% in the 3rd quarter. Principal Financial Group Inc. now owns 783,456 shares of the transportation company’s stock valued at $35,608,000 after purchasing an additional 97,768 shares during the period. State Street Corp increased its position in shares of Hub Group by 0.8% during the 3rd quarter. State Street Corp now owns 2,489,503 shares of the transportation company’s stock valued at $113,148,000 after purchasing an additional 20,215 shares during the last quarter. WINTON GROUP Ltd boosted its holdings in shares of Hub Group by 53.7% in the 2nd quarter. WINTON GROUP Ltd now owns 117,664 shares of the transportation company’s stock worth $5,065,000 after buying an additional 41,119 shares during the last quarter. Finally, Quest Partners LLC bought a new position in Hub Group during the second quarter valued at about $1,708,000. 46.77% of the stock is currently owned by institutional investors.

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.