Hub Group (NASDAQ:HUBG) Shares Gap Down – What’s Next?

Hub Group, Inc. (NASDAQ:HUBG)’s stock price gapped down before the market opened 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 trading hands.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on HUBG shares. Stifel Nicolaus decreased their target price on shares of Hub Group from $45.00 to $43.00 and set a “buy” rating on the stock in a research note on Tuesday, August 6th. TD Cowen raised their price objective on shares of Hub Group from $43.00 to $49.00 and gave the company a “hold” rating in a research report on Thursday. Benchmark restated a “buy” rating and set a $47.00 target price on shares of Hub Group in a research note on Friday. UBS Group increased their price target on Hub Group from $42.00 to $48.00 and gave the stock a “neutral” rating in a research note on Friday, August 2nd. Finally, Evercore ISI boosted 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. Ten equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $46.00.

Hub Group Trading Down 0.3 %

The firm has a market cap of $2.69 billion, a P/E ratio of 24.57 and a beta of 0.88. The stock has a 50 day simple moving average of $44.32 and a 200-day simple moving average of $43.44. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 0.13.

Hub Group (NASDAQ:HUBG) last announced its quarterly earnings results on Wednesday, October 30th. The transportation company reported $0.52 earnings per share for the quarter, topping the consensus estimate of $0.49 by $0.03. Hub Group had a net margin of 2.74% and a return on equity of 7.43%. The company had revenue of $986.89 million for the quarter, compared to analysts’ expectations of $1.06 billion. During the same quarter in the previous year, the business posted $0.49 earnings per share. Hub Group’s quarterly revenue was down 3.7% on a year-over-year basis. On average, equities research analysts expect that Hub Group, Inc. will post 1.92 EPS for the current fiscal year.

Hub Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 25th. Investors of record on Friday, September 6th were given a $0.125 dividend. The ex-dividend date was Friday, September 6th. This represents a $0.50 annualized dividend and a yield of 1.16%. Hub Group’s dividend payout ratio is currently 28.41%.

Institutional Investors Weigh In On Hub Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Family Firm Inc. bought a new position in shares of Hub Group during the 2nd quarter valued at approximately $26,000. GAMMA Investing LLC boosted its stake in Hub Group by 65.0% during the third quarter. GAMMA Investing LLC now owns 711 shares of the transportation company’s stock worth $32,000 after buying an additional 280 shares during the period. Point72 Hong Kong Ltd bought a new position in Hub Group during the second quarter valued at $34,000. Fidelis Capital Partners LLC purchased a new stake in shares of Hub Group in the first quarter valued at $38,000. Finally, EntryPoint Capital LLC bought a new stake in shares of Hub Group in the 1st quarter worth about $52,000. 46.77% of the stock is currently owned by hedge funds and other 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.