Short Interest in Hub Group, Inc. (NASDAQ:HUBG) Declines By 16.9%
by Doug Wharley · The Cerbat GemHub Group, Inc. (NASDAQ:HUBG – Get Free Report) was the recipient of a large decline in short interest in the month of January. As of January 30th, there was short interest totaling 1,723,194 shares, a decline of 16.9% from the January 15th total of 2,073,529 shares. Approximately 2.9% of the shares of the company are short sold. Based on an average daily trading volume, of 459,226 shares, the days-to-cover ratio is currently 3.8 days. Based on an average daily trading volume, of 459,226 shares, the days-to-cover ratio is currently 3.8 days. Approximately 2.9% of the shares of the company are short sold.
Hub Group Price Performance
Shares of Hub Group stock traded up $0.20 during midday trading on Tuesday, reaching $39.86. The company had a trading volume of 983,189 shares, compared to its average volume of 1,180,027. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 0.09. The stock has a fifty day simple moving average of $45.05 and a 200 day simple moving average of $39.34. Hub Group has a 1-year low of $30.75 and a 1-year high of $53.26. The company has a market capitalization of $2.44 billion, a price-to-earnings ratio of 23.04, a price-to-earnings-growth ratio of 1.25 and a beta of 1.13.
Hub Group Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 17th. Shareholders of record on Friday, December 5th were issued a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend was Friday, December 5th. Hub Group’s payout ratio is currently 28.90%.
Wall Street Analyst Weigh In
HUBG has been the subject of a number of recent research reports. Evercore set a $53.00 target price on Hub Group and gave the stock an “outperform” rating in a report on Monday, January 12th. Weiss Ratings reiterated a “hold (c)” rating on shares of Hub Group in a research note on Monday, December 29th. TD Cowen restated a “hold” rating on shares of Hub Group in a research note on Monday, January 12th. Zacks Research upgraded shares of Hub Group from a “strong sell” rating to a “hold” rating in a research note on Monday, December 1st. Finally, Raymond James Financial reiterated an “outperform” rating and set a $50.00 target price on shares of Hub Group in a research report on Monday, February 9th. Eight equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Hub Group presently has an average rating of “Hold” and a consensus price target of $44.53.
Read Our Latest Research Report on HUBG
Insiders Place Their Bets
In other Hub Group news, Director Gary Yablon purchased 4,566 shares of the company’s stock in a transaction that occurred on Thursday, December 11th. The stock was purchased at an average price of $43.73 per share, with a total value of $199,671.18. Following the completion of the transaction, the director directly owned 32,778 shares of the company’s stock, valued at approximately $1,433,381.94. This trade represents a 16.18% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Phillip D. Yeager sold 32,000 shares of the firm’s stock in a transaction dated Thursday, December 11th. The stock was sold at an average price of $43.68, for a total transaction of $1,397,760.00. Following the transaction, the chief executive officer owned 168,315 shares of the company’s stock, valued at approximately $7,351,999.20. This represents a 15.97% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 3.48% of the company’s stock.
Institutional Investors Weigh In On Hub Group
Several institutional investors have recently modified their holdings of the business. Dimensional Fund Advisors LP lifted its holdings in Hub Group by 0.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 4,098,160 shares of the transportation company’s stock valued at $174,625,000 after buying an additional 35,866 shares during the period. Capital International Investors raised its position in shares of Hub Group by 16.9% during the 4th quarter. Capital International Investors now owns 3,465,688 shares of the transportation company’s stock valued at $147,673,000 after acquiring an additional 501,955 shares during the last quarter. State Street Corp lifted its stake in shares of Hub Group by 1.0% in the 4th quarter. State Street Corp now owns 2,466,866 shares of the transportation company’s stock valued at $105,113,000 after purchasing an additional 25,148 shares during the period. Invesco Ltd. lifted its stake in shares of Hub Group by 4.1% in the 3rd quarter. Invesco Ltd. now owns 1,958,934 shares of the transportation company’s stock valued at $67,466,000 after purchasing an additional 77,963 shares during the period. Finally, Geode Capital Management LLC boosted its position in shares of Hub Group by 0.6% in the 2nd quarter. Geode Capital Management LLC now owns 1,520,025 shares of the transportation company’s stock worth $50,821,000 after purchasing an additional 9,608 shares during the last quarter. Institutional investors and hedge funds own 46.77% of the company’s stock.
About Hub Group
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.