Hub Group (NASDAQ:HUBG) Shares Gap Down - What's Next?

Shares of Hub Group, Inc. (NASDAQ:HUBG - Get Free Report) gapped down before the market opened on Friday . The stock had previously closed at $43.28, but opened at $42.00. Hub Group shares last traded at $42.25, with a volume of 222,238 shares.

Analyst Ratings Changes

A number of brokerages have commented on HUBG. Barclays decreased their price objective on Hub Group from $52.00 to $50.00 and set an "equal weight" rating on the stock in a report on Monday. Stifel Nicolaus upped their price objective on Hub Group from $46.00 to $53.00 and gave the company a "buy" rating in a report on Thursday, January 23rd. Susquehanna raised Hub Group from a "neutral" rating to a "positive" rating and set a $55.00 price objective on the stock in a report on Friday, January 3rd. Benchmark upped their price objective on Hub Group from $47.00 to $49.00 and gave the company a "buy" rating in a report on Friday, January 10th. Finally, TD Cowen upped their target price on Hub Group from $43.00 to $49.00 and gave the company a "hold" rating in a research report on Thursday, October 31st. Nine research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, Hub Group has a consensus rating of "Hold" and an average target price of $48.09.

Hub Group Trading Up 2.3 %

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 has a market capitalization of $2.62 billion, a P/E ratio of 25.05 and a beta of 0.94. The firm has a 50-day moving average of $45.64 and a two-hundred day moving average of $45.51.

Hub Group (NASDAQ:HUBG - Get Free Report) last announced its quarterly earnings data on Thursday, February 6th. The transportation company reported $0.48 earnings per share for the quarter, hitting the consensus estimate of $0.48. Hub Group had a return on equity of 7.17% and a net margin of 2.64%. On average, analysts anticipate that Hub Group, Inc. will post 2.38 EPS for the current year.

Hub Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, December 6th were given a $0.125 dividend. The ex-dividend date of this dividend was Friday, December 6th. This represents a $0.50 annualized dividend and a yield of 1.17%. Hub Group's dividend payout ratio is presently 29.41%.

Hedge Funds Weigh In On Hub Group

Several large investors have recently bought and sold shares of HUBG. River Road Asset Management LLC bought a new position in Hub Group in the fourth quarter valued at about $17,458,000. Raymond James Financial Inc. bought a new position in Hub Group in the fourth quarter valued at about $9,315,000. Principal Financial Group Inc. raised its position in Hub Group by 14.3% in the third 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 last quarter. Barclays PLC raised its position in Hub Group by 199.6% in the third quarter. Barclays PLC now owns 117,774 shares of the transportation company's stock valued at $5,354,000 after purchasing an additional 78,467 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its position in Hub Group by 14.6% in the fourth quarter. Bank of New York Mellon Corp now owns 577,940 shares of the transportation company's stock valued at $25,753,000 after purchasing an additional 73,712 shares during the last quarter. 46.77% of the stock is currently owned by institutional investors.

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.