Hub Group, Inc. (NASDAQ:HUBG) Short Interest Up 16.2% in November

Hub Group, Inc. (NASDAQ:HUBG) saw a large growth in short interest in the month of November. As of November 30th, there was short interest totalling 1,360,000 shares, a growth of 16.2% from the November 15th total of 1,170,000 shares. Based on an average daily volume of 517,900 shares, the days-to-cover ratio is currently 2.6 days.

Wall Street Analyst Weigh In

HUBG has been the subject of a number of research analyst reports. Barclays raised their price target on Hub Group from $42.00 to $52.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 13th. Susquehanna lowered their target price on shares of 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 raised their price target on shares of Hub Group from $43.00 to $49.00 and gave the stock a “hold” rating in a research note on Thursday, October 31st. Evercore ISI boosted their price objective on shares of Hub Group from $41.00 to $43.00 and gave the company an “in-line” rating in a research report on Thursday, October 3rd. Finally, Benchmark reaffirmed a “buy” rating and set a $47.00 target price on shares of Hub Group in a research report on Friday, November 1st. Ten analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, Hub Group currently has an average rating of “Hold” and an average price target of $46.83.

Hub Group Stock Up 0.5 %

Hub Group stock traded up $0.24 during trading hours on Monday, reaching $49.36. The stock had a trading volume of 471,399 shares, compared to its average volume of 465,889. The company has a market cap of $3.03 billion, a price-to-earnings ratio of 28.11 and a beta of 0.92. The business’s 50 day moving average price is $47.36 and its 200-day moving average price is $45.17. Hub Group has a 52 week low of $38.07 and a 52 week high of $53.21. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.30 and a quick ratio of 1.30.

Hub Group (NASDAQ:HUBG) last posted its earnings results on Wednesday, October 30th. The transportation company reported $0.52 EPS for the quarter, beating analysts’ consensus estimates of $0.49 by $0.03. Hub Group had a net margin of 2.74% and a return on equity of 7.44%. The company had revenue of $986.89 million during the quarter, compared to analysts’ expectations of $1.06 billion. During the same quarter in the prior year, the company posted $0.49 earnings per share. Hub Group’s revenue for the quarter was down 3.7% compared to the same quarter last year. Sell-side analysts anticipate 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 will be paid on Friday, December 20th. Investors of record on Friday, December 6th will be given a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 1.01%. The ex-dividend date of this dividend is Friday, December 6th. Hub Group’s dividend payout ratio is currently 28.41%.

Institutional Investors Weigh In On Hub Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in HUBG. Franklin Resources Inc. grew its stake in shares of Hub Group by 1.2% during the third quarter. Franklin Resources Inc. now owns 49,148 shares of the transportation company’s stock worth $2,167,000 after acquiring an additional 595 shares during the last quarter. Geode Capital Management LLC boosted its stake in Hub Group by 0.7% in the 3rd quarter. Geode Capital Management LLC now owns 1,482,308 shares of the transportation company’s stock worth $67,383,000 after purchasing an additional 10,328 shares in the last quarter. Barclays PLC grew its position in Hub Group by 199.6% during the 3rd quarter. Barclays PLC now owns 117,774 shares of the transportation company’s stock worth $5,354,000 after purchasing an additional 78,467 shares during the last quarter. Y Intercept Hong Kong Ltd acquired a new position in Hub Group during the 3rd quarter valued at approximately $286,000. Finally, XTX Topco Ltd purchased a new position in shares of Hub Group in the third quarter worth $481,000. 46.77% of the stock is currently owned by hedge funds and other institutional investors.

Hub Group Company Profile

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.