By otakuyassine3@gmail.com 
Hub Group, Inc. (NASDAQ:HUBG – Get Free Report) saw a significant drop in short interest during the month of December. As of December 15th, there was short interest totalling 1,240,000 shares, a drop of 8.8% from the November 30th total of 1,360,000 shares. Based on an average trading volume of 556,900 shares, the days-to-cover ratio is presently 2.2 days.
Hedge Funds Weigh In On Hub Group
Several institutional investors have recently added to or reduced their stakes in the stock. GAMMA Investing LLC boosted its stake in Hub Group by 65.0% in the third quarter. GAMMA Investing LLC now owns 711 shares of the transportation company’s stock valued at $32,000 after acquiring an additional 280 shares during the last quarter. Arizona State Retirement System grew its stake in shares of Hub Group by 1.6% during the 2nd quarter. Arizona State Retirement System now owns 17,427 shares of the transportation company’s stock worth $750,000 after acquiring an additional 282 shares during the period. Inspire Advisors LLC grew its stake in shares of Hub Group by 1.7% during the 2nd quarter. Inspire Advisors LLC now owns 17,327 shares of the transportation company’s stock worth $746,000 after acquiring an additional 284 shares during the period. Highland Capital Management LLC increased its holdings in Hub Group by 9.4% in the 3rd quarter. Highland Capital Management LLC now owns 5,086 shares of the transportation company’s stock worth $231,000 after acquiring an additional 437 shares during the last quarter. Finally, Aristides Capital LLC raised its stake in Hub Group by 9.2% in the 2nd quarter. Aristides Capital LLC now owns 5,987 shares of the transportation company’s stock valued at $258,000 after acquiring an additional 506 shares during the period. Institutional investors own 46.77% of the company’s stock.
Wall Street Analysts Forecast Growth
Several research firms recently issued reports on HUBG. 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 report on Thursday, October 3rd. Barclays boosted their price objective on Hub Group from $42.00 to $52.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 13th. Susquehanna decreased their target price on Hub Group from $50.00 to $48.00 and set a “neutral” rating for the company in a research note on Friday, November 1st. TD Cowen boosted their price target on Hub Group from $43.00 to $49.00 and gave the company a “hold” rating in a research note on Thursday, October 31st. Finally, Benchmark reaffirmed a “buy” rating and set a $47.00 price objective on shares of Hub Group in a research report on Friday, November 1st. Ten investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $46.83.
View Our Latest Stock Report on Hub Group
Hub Group Stock Up 0.8 %
HUBG stock traded up $0.36 during trading on Wednesday, reaching $44.56. The stock had a trading volume of 416,356 shares, compared to its average volume of 476,858. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 0.12. The company has a market capitalization of $2.73 billion, a price-to-earnings ratio of 25.32 and a beta of 0.91. Hub Group has a one year low of $38.07 and a one year high of $53.21. The company’s 50 day moving average is $47.74 and its two-hundred day moving average is $45.34.
Hub Group (NASDAQ:HUBG – Get Free Report) last released its earnings results on Wednesday, October 30th. The transportation company reported $0.52 earnings per share (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 analyst estimates of $1.06 billion. Hub Group had a return on equity of 7.44% and a net margin of 2.74%. Hub Group’s quarterly revenue was down 3.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.49 earnings per share. Equities research analysts forecast that Hub Group will post 1.91 EPS for the current year.
Hub Group Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Friday, December 6th were paid a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.12%. The ex-dividend date of this dividend was Friday, December 6th. Hub Group’s payout ratio is 28.41%.
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.
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