Hub Group, Inc. (NASDAQ:HUBG) Short Interest Up 16.2% in November

Hub Group, Inc. (NASDAQ:HUBG - Get Free Report) was the target of a significant increase in short interest in 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 volume of 517,900 shares, the short-interest ratio is presently 2.6 days.

Institutional Trading of Hub Group

A number of institutional investors and hedge funds have recently modified their holdings of HUBG. XTX Topco Ltd bought a new stake in shares of Hub Group in the 3rd quarter valued at approximately $481,000. Principal Financial Group Inc. lifted its holdings in shares of Hub Group by 14.3% during 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 in the last quarter. WINTON GROUP Ltd boosted its stake in 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 purchasing an additional 41,119 shares during the period. Quest Partners LLC bought a new stake in Hub Group in the 2nd quarter valued at approximately $1,708,000. Finally, State Street Corp boosted its holdings in Hub Group by 0.8% during the third quarter. State Street Corp now owns 2,489,503 shares of the transportation company's stock worth $113,148,000 after purchasing an additional 20,215 shares during the last quarter. 46.77% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have weighed in on the stock. 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. Barclays lifted their target price on Hub Group from $42.00 to $52.00 and gave the stock an "equal weight" rating in a report on Wednesday, November 13th. TD Cowen raised 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. Susquehanna dropped their price objective on shares of Hub Group from $50.00 to $48.00 and set a "neutral" rating on the stock in a report on Friday, November 1st. Finally, Evercore ISI boosted their target price on shares of 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 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 presently has a consensus rating of "Hold" and a consensus price target of $46.83.

Hub Group Price Performance

Hub Group stock traded up $0.24 during mid-day trading on Monday, reaching $49.36. The company had a trading volume of 471,399 shares, compared to its average volume of 465,889. The company has a market capitalization of $3.03 billion, a P/E ratio of 28.05 and a beta of 0.92. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.30 and a quick ratio of 1.30. The stock's 50-day simple moving average is $47.50 and its 200-day simple moving average is $45.22. Hub Group has a 1 year low of $38.07 and a 1 year high of $53.21.

Hub Group (NASDAQ:HUBG - Get Free Report) last issued its quarterly earnings results on Wednesday, October 30th. The transportation company reported $0.52 earnings per share for the quarter, beating analysts' consensus estimates of $0.49 by $0.03. Hub Group had a return on equity of 7.44% and a net margin of 2.74%. The business had revenue of $986.89 million during the quarter, compared to the consensus estimate of $1.06 billion. During the same period in the previous year, the business earned $0.49 EPS. The business's quarterly revenue was down 3.7% on a year-over-year basis. On average, equities analysts predict that Hub Group will post 1.91 EPS for the current year.

Hub Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Stockholders 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 annualized dividend and a dividend yield of 1.01%. Hub Group's dividend payout ratio (DPR) is 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.