Hub Group, Inc. (NASDAQ:HUBG) Short Interest Update

Hub Group, Inc. (NASDAQ:HUBG) was the recipient of a large increase in short interest during the month of November. As of November 30th, there was short interest totalling 1,360,000 shares, an increase of 16.2% from the November 15th total of 1,170,000 shares. Based on an average daily trading volume, of 517,900 shares, the short-interest ratio is currently 2.6 days.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. Benchmark reiterated a “buy” rating and set a $47.00 price target on shares of Hub Group in a report on Friday, November 1st. Evercore ISI upped their target price on shares of Hub Group from $41.00 to $43.00 and gave the stock an “in-line” rating in a research note on Thursday, October 3rd. Barclays upped 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. TD Cowen upped 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 lowered their price target 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 assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $46.83.

Hedge Funds Weigh In On Hub Group

Institutional investors and hedge funds have recently modified their holdings of the company. Blue Trust Inc. lifted its position in Hub Group by 52.1% in the second quarter. Blue Trust Inc. now owns 2,263 shares of the transportation company’s stock valued at $98,000 after acquiring an additional 775 shares during the last quarter. Summit Global Investments lifted its position in Hub Group by 8.0% in the second quarter. Summit Global Investments now owns 27,374 shares of the transportation company’s stock valued at $1,178,000 after acquiring an additional 2,026 shares during the last quarter. Family Firm Inc. purchased a new stake in Hub Group in the second quarter valued at $26,000. Highland Capital Management LLC purchased a new stake in Hub Group in the second quarter valued at $200,000. Finally, Arkadios Wealth Advisors purchased a new stake in Hub Group in the second quarter valued at $364,000. Institutional investors and hedge funds own 46.77% of the company’s stock.

Hub Group Trading Up 1.0 %

Hub Group stock traded up $0.47 during trading on Monday, hitting $49.59. The company had a trading volume of 216,185 shares, compared to its average volume of 464,793. Hub Group has a 1-year low of $38.07 and a 1-year high of $53.21. 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 company’s 50 day simple moving average is $47.36 and its 200-day simple moving average is $45.17. The stock has a market cap of $3.04 billion, a price-to-earnings ratio of 28.11 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, beating the consensus estimate of $0.49 by $0.03. The firm had revenue of $986.89 million during the quarter, compared to the consensus estimate 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 for the quarter was down 3.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.49 EPS. As a group, analysts expect that Hub Group will post 1.91 EPS for the current fiscal year.

Hub Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, December 6th will be paid a dividend of $0.125 per share. The ex-dividend date is Friday, December 6th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.01%. Hub Group’s payout ratio is currently 28.41%.

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.