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

Hub Group, Inc. (NASDAQ:HUBG) shares gapped down before the market opened on Friday . The stock had previously closed at $42.58, but opened at $38.75. Hub Group shares last traded at $40.9770, with a volume of 92,740 shares traded.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on HUBG. Zacks Research raised Hub Group from a “strong sell” rating to a “hold” rating in a research report on Monday, April 13th. Robert W. Baird set a $29.00 price objective on Hub Group and gave the stock a “neutral” rating in a report on Friday, February 6th. Benchmark lowered their price objective on Hub Group from $50.00 to $42.00 and set a “buy” rating on the stock in a report on Thursday, May 14th. Weiss Ratings reissued a “hold (c)” rating on shares of Hub Group in a research note on Friday, March 27th. Finally, Stifel Nicolaus raised their target price on shares of Hub Group from $27.00 to $29.00 and gave the stock a “sell” rating in a research note on Thursday, April 2nd. Seven research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $43.14.

Hub Group Trading Down 4.3%

The company’s 50 day simple moving average is $39.59 and its 200 day simple moving average is $41.26. The firm has a market cap of $2.49 billion, a price-to-earnings ratio of 23.55, a P/E/G ratio of 1.23 and a beta of 1.26. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.47 and a quick ratio of 1.47.

Hub Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 17th. Investors of record on Friday, June 5th will be paid a dividend of $0.125 per share. The ex-dividend date is Friday, June 5th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.2%. Hub Group’s payout ratio is presently 28.90%.

Institutional Investors Weigh In On Hub Group

Institutional investors and hedge funds have recently bought and sold shares of the stock. Wellington Management Group LLP acquired a new position in Hub Group during the fourth quarter worth approximately $139,588,000. Broad Bay Capital Management LP purchased a new position in Hub Group during the fourth quarter worth about $30,424,000. Millennium Management LLC raised its holdings in Hub Group by 138.4% during the third quarter. Millennium Management LLC now owns 1,138,461 shares of the transportation company’s stock worth $39,209,000 after purchasing an additional 661,018 shares in the last quarter. Capital International Investors raised its holdings in Hub Group by 16.9% during the fourth quarter. Capital International Investors now owns 3,465,688 shares of the transportation company’s stock worth $147,673,000 after purchasing an additional 501,955 shares in the last quarter. Finally, Hudson Bay Capital Management LP raised its holdings in Hub Group by 3,557.4% during the second quarter. Hudson Bay Capital Management LP now owns 505,787 shares of the transportation company’s stock worth $16,908,000 after purchasing an additional 491,958 shares in the last quarter. 46.77% of the stock is owned by hedge funds and other institutional investors.

Hub Group Company Profile

Hub Group, Inc (NASDAQ: HUBG) is a leading supply chain solutions provider headquartered in Oak Brook, Illinois. Founded in 1971 as Hub City Terminals and renamed Hub Group in 1978, the company completed its initial public offering in 2007. Over the decades, Hub Group has developed a comprehensive multimodal transportation network, leveraging partnerships with major rail carriers and an extensive drayage fleet to offer cost-efficient, sustainable shipping alternatives.

The company operates through two primary segments: Intermodal and Transportation Management.