Hub Group, Inc. (NASDAQ:HUBG) Short Interest Down 16.9% in January

Hub Group, Inc. (NASDAQ:HUBG) was the recipient of a large decrease in short interest in the month of January. As of January 30th, there was short interest totaling 1,723,194 shares, a decrease of 16.9% from the January 15th total of 2,073,529 shares. Approximately 2.9% of the shares of the company are sold short. Based on an average daily volume of 459,226 shares, the short-interest ratio is currently 3.8 days. Based on an average daily volume of 459,226 shares, the short-interest ratio is currently 3.8 days. Approximately 2.9% of the shares of the company are sold short.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Robert W. Baird set a $29.00 target price on Hub Group and gave the stock a “neutral” rating in a report on Friday, February 6th. Zacks Research upgraded Hub Group from a “strong sell” rating to a “hold” rating in a research report on Monday, December 1st. BMO Capital Markets lifted their price objective on Hub Group from $38.00 to $40.00 and gave the company a “market perform” rating in a research report on Monday, November 3rd. Morgan Stanley set a $46.00 target price on shares of Hub Group and gave the stock an “equal weight” rating in a report on Monday, December 8th. Finally, Barclays restated an “overweight” rating and set a $48.00 target price (up previously from $38.00) on shares of Hub Group in a research note on Thursday, January 15th. Eight research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $44.53.

Hub Group Price Performance

Shares of NASDAQ HUBG traded down $0.34 during mid-day trading on Monday, reaching $39.66. The company’s stock had a trading volume of 1,185,494 shares, compared to its average volume of 1,180,027. 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 has a 52 week low of $30.75 and a 52 week high of $53.26. The stock has a fifty day moving average of $45.11 and a two-hundred day moving average of $39.26. The firm has a market capitalization of $2.43 billion, a PE ratio of 22.92, a P/E/G ratio of 1.25 and a beta of 1.13.

Hub Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 17th. Shareholders of record on Friday, December 5th were paid a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 1.3%. The ex-dividend date was Friday, December 5th. Hub Group’s dividend payout ratio is presently 28.90%.

Insider Buying and Selling

In other Hub Group news, CEO Phillip D. Yeager sold 32,000 shares of the stock in a transaction that occurred on Thursday, December 11th. The shares were sold at an average price of $43.68, for a total value of $1,397,760.00. Following the transaction, the chief executive officer directly owned 168,315 shares in the company, valued at approximately $7,351,999.20. This trade represents a 15.97% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Gary Yablon purchased 4,566 shares of the company’s stock in a transaction dated Thursday, December 11th. The shares were acquired at an average price of $43.73 per share, for a total transaction of $199,671.18. Following the purchase, the director directly owned 32,778 shares in the company, valued at approximately $1,433,381.94. The trade was a 16.18% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Company insiders own 3.48% of the company’s stock.

Institutional Investors Weigh In On Hub Group

Institutional investors and hedge funds have recently modified their holdings of the stock. New York State Common Retirement Fund lifted its position in Hub Group by 353.0% in the third quarter. New York State Common Retirement Fund now owns 87,559 shares of the transportation company’s stock worth $3,016,000 after buying an additional 68,232 shares during the last quarter. Federated Hermes Inc. increased its position in Hub Group by 105.7% during the third quarter. Federated Hermes Inc. now owns 52,756 shares of the transportation company’s stock valued at $1,817,000 after acquiring an additional 27,105 shares during the last quarter. Capital Fund Management S.A. raised its stake in shares of Hub Group by 87.2% in the second quarter. Capital Fund Management S.A. now owns 67,468 shares of the transportation company’s stock valued at $2,255,000 after acquiring an additional 31,423 shares during the period. Allianz Asset Management GmbH lifted its holdings in shares of Hub Group by 43.9% in the 3rd quarter. Allianz Asset Management GmbH now owns 69,374 shares of the transportation company’s stock worth $2,389,000 after acquiring an additional 21,161 shares during the last quarter. Finally, River Road Asset Management LLC boosted its stake in shares of Hub Group by 79.2% during the 2nd quarter. River Road Asset Management LLC now owns 1,103,402 shares of the transportation company’s stock worth $38,641,000 after purchasing an additional 487,703 shares during the period. Institutional investors own 46.77% of the company’s stock.

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.