Hub Group, Inc. (NASDAQ:HUBG) Short Interest Update

Hub Group, Inc. (NASDAQ:HUBG) saw a large growth in short interest in the month of March. As of March 13th, there was short interest totaling 2,626,929 shares, a growth of 22.4% from the February 26th total of 2,145,412 shares. Currently, 4.5% of the shares of the company are short sold. Based on an average daily volume of 855,413 shares, the short-interest ratio is presently 3.1 days.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. Wolfe Research reissued an “outperform” rating and issued a $50.00 price target on shares of Hub Group in a report on Thursday, January 8th. JPMorgan Chase & Co. boosted their price target on shares of Hub Group from $42.00 to $50.00 and gave the stock a “neutral” rating in a report on Monday, January 12th. Susquehanna upped their price objective on shares of Hub Group from $42.00 to $55.00 and gave the stock a “positive” rating in a research report on Thursday, January 8th. Robert W. Baird set a $29.00 target price on shares of Hub Group and gave the company a “neutral” rating in a research report on Friday, February 6th. Finally, Stifel Nicolaus set a $27.00 price target on shares of Hub Group and gave the stock a “sell” rating in a research report on Friday, February 6th. Seven research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $43.20.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Northwestern Mutual Wealth Management Co. grew its position in shares of Hub Group by 265.9% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 644 shares of the transportation company’s stock valued at $27,000 after purchasing an additional 468 shares in the last quarter. Torren Management LLC acquired a new position in shares of Hub Group during the 4th quarter valued at about $31,000. Frazier Financial Advisors LLC acquired a new position in shares of Hub Group during the 3rd quarter valued at about $35,000. Quarry LP grew its holdings in shares of Hub Group by 271.5% in the third quarter. Quarry LP now owns 1,107 shares of the transportation company’s stock valued at $38,000 after purchasing an additional 809 shares during the period. Finally, Smartleaf Asset Management LLC grew its holdings in shares of Hub Group by 33.4% in the second quarter. Smartleaf Asset Management LLC now owns 1,282 shares of the transportation company’s stock valued at $44,000 after purchasing an additional 321 shares during the period. 46.77% of the stock is owned by hedge funds and other institutional investors.

Hub Group Price Performance

Shares of HUBG traded up $0.75 during trading hours on Tuesday, hitting $36.04. 652,674 shares of the stock were exchanged, compared to its average volume of 860,106. The stock’s 50-day moving average price is $41.33 and its two-hundred day moving average price is $39.79. Hub Group has a 12-month low of $30.75 and a 12-month high of $53.26. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.47 and a current ratio of 1.47. The company has a market cap of $2.20 billion, a price-to-earnings ratio of 20.83, a price-to-earnings-growth ratio of 1.11 and a beta of 1.14.

Hub Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 25th. Investors of record on Friday, March 13th were paid a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend was Friday, March 13th. Hub Group’s dividend payout ratio is currently 28.90%.

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.