Hub Group (NASDAQ:HUBG) Shares Gap Down - Time to Sell?

Hub Group, Inc. (NASDAQ:HUBG - Get Free Report) shares 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.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Barclays lifted their price objective on shares of Hub Group from $40.00 to $42.00 and gave the company an "equal weight" rating in a research report on Thursday. Susquehanna raised their target price on Hub Group from $44.00 to $50.00 and gave the company a "neutral" rating in a report on Thursday, September 26th. Benchmark reissued a "buy" rating and issued a $47.00 target price on shares of Hub Group in a report on Tuesday, September 17th. UBS Group raised their target price on Hub Group from $42.00 to $48.00 and gave the company a "neutral" rating in a report on Friday, August 2nd. Finally, TD Cowen raised their target price on Hub Group from $43.00 to $49.00 and gave the company a "hold" rating in a report on Thursday. Ten research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat, Hub Group presently has an average rating of "Hold" and an average target price of $46.17.

Hub Group Stock Down 0.8 %

The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.32 and a current ratio of 1.32. The company has a market cap of $2.70 billion, a PE ratio of 20.66 and a beta of 0.88. The firm has a fifty day simple moving average of $44.33 and a 200 day simple moving average of $43.42.

Hub Group (NASDAQ:HUBG - Get Free Report) last posted its quarterly earnings results on Wednesday, October 30th. The transportation company reported $0.52 EPS for the quarter, beating the consensus estimate of $0.49 by $0.03. The company had revenue of $986.89 million during the quarter, compared to analysts' expectations of $1.06 billion. Hub Group had a return on equity of 7.37% and a net margin of 2.89%. The firm's revenue was down 3.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.49 EPS. Equities research analysts predict that Hub Group, Inc. will post 1.92 EPS for the current year.

Hub Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 25th. Stockholders of record on Friday, September 6th were issued a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.15%. The ex-dividend date of this dividend was Friday, September 6th. Hub Group's payout ratio is currently 23.81%.

Hedge Funds Weigh In On Hub Group

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Illinois Municipal Retirement Fund raised its position in shares of Hub Group by 105.0% in the 1st quarter. Illinois Municipal Retirement Fund now owns 35,192 shares of the transportation company's stock valued at $1,521,000 after purchasing an additional 18,023 shares in the last quarter. Price T Rowe Associates Inc. MD raised its position in shares of Hub Group by 111.3% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 42,792 shares of the transportation company's stock valued at $1,850,000 after acquiring an additional 22,542 shares in the last quarter. UniSuper Management Pty Ltd acquired a new stake in shares of Hub Group during the 1st quarter valued at approximately $567,000. Seven Eight Capital LP raised its position in shares of Hub Group by 509.7% during the 1st quarter. Seven Eight Capital LP now owns 25,546 shares of the transportation company's stock valued at $1,104,000 after acquiring an additional 21,356 shares in the last quarter. Finally, Retirement Systems of Alabama raised its position in shares of Hub Group by 102.0% during the 1st quarter. Retirement Systems of Alabama now owns 104,910 shares of the transportation company's stock valued at $4,534,000 after acquiring an additional 52,986 shares in the last quarter. Hedge funds and other institutional investors own 46.77% of the company's stock.

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.