Hub Group, Inc. (NASDAQ:HUBG) Short Interest Down 11.6% in May

Hub Group, Inc. (NASDAQ:HUBG) was the recipient of a large drop in short interest in the month of May. As of May 31st, there was short interest totalling 661,700 shares, a drop of 11.6% from the May 15th total of 748,400 shares. Based on an average trading volume of 377,400 shares, the days-to-cover ratio is currently 1.8 days.

Hub Group Stock Performance

HUBG traded up $0.43 during trading on Tuesday, reaching $43.03. 291,303 shares of the company’s stock were exchanged, compared to its average volume of 445,392. Hub Group has a fifty-two week low of $31.73 and a fifty-two week high of $47.58. The company has a market capitalization of $2.68 billion, a P/E ratio of 20.25 and a beta of 0.90. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.14. The business has a 50 day moving average price of $42.13 and a 200 day moving average price of $43.08.

Hub Group (NASDAQ:HUBG) last posted its earnings results on Thursday, April 25th. The transportation company reported $0.44 earnings per share for the quarter, beating analysts’ consensus estimates of $0.40 by $0.04. Hub Group had a net margin of 3.28% and a return on equity of 8.48%. The business had revenue of $1,000.00 million for the quarter, compared to analysts’ expectations of $1.05 billion. During the same quarter in the previous year, the firm posted $0.94 earnings per share. The firm’s revenue for the quarter was down 16.7% on a year-over-year basis. As a group, analysts predict that Hub Group will post 2.02 earnings per share for the current fiscal year.

Hub Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 26th. Stockholders of record on Friday, June 7th will be issued a $0.125 dividend. The ex-dividend date is Friday, June 7th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.16%. Hub Group’s payout ratio is presently 23.75%.

Institutional Trading of Hub Group

Institutional investors have recently bought and sold shares of the stock. Victory Capital Management Inc. raised its stake in Hub Group by 7.5% during the fourth quarter. Victory Capital Management Inc. now owns 1,801,201 shares of the transportation company’s stock worth $165,602,000 after acquiring an additional 125,924 shares in the last quarter. CIBC Asset Management Inc acquired a new stake in shares of Hub Group during the 4th quarter worth about $304,000. Mairs & Power Inc. increased its position in shares of Hub Group by 30.7% during the 4th quarter. Mairs & Power Inc. now owns 129,052 shares of the transportation company’s stock worth $11,865,000 after purchasing an additional 30,327 shares in the last quarter. Trexquant Investment LP lifted its holdings in Hub Group by 336.9% during the 4th quarter. Trexquant Investment LP now owns 16,122 shares of the transportation company’s stock valued at $1,482,000 after purchasing an additional 12,432 shares during the last quarter. Finally, Norges Bank acquired a new position in Hub Group in the fourth quarter valued at about $31,439,000. Institutional investors and hedge funds own 46.77% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on HUBG shares. StockNews.com upgraded shares of Hub Group from a “sell” rating to a “hold” rating in a report on Friday, March 1st. Evercore ISI decreased their target price on Hub Group from $46.00 to $44.00 and set an “outperform” rating for the company in a research note on Friday, April 26th. BMO Capital Markets dropped their price target on Hub Group from $48.00 to $45.00 and set a “market perform” rating on the stock in a research report on Friday, April 26th. Stephens reduced their price objective on Hub Group from $44.00 to $42.00 and set an “equal weight” rating for the company in a research report on Friday, April 26th. Finally, Susquehanna lowered their price objective on shares of Hub Group from $49.00 to $46.00 and set a “neutral” rating on the stock in a research note on Monday, March 25th. Seven equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $46.54.

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.