Short Interest in Hub Group, Inc. (NASDAQ:HUBG) Increases By 25.2%

Hub Group, Inc. (NASDAQ:HUBG) was the target of a significant growth in short interest during the month of February. As of February 13th, there was short interest totaling 2,157,689 shares, a growth of 25.2% from the January 29th total of 1,723,194 shares. Based on an average daily trading volume, of 1,905,841 shares, the days-to-cover ratio is currently 1.1 days. Currently, 3.7% of the shares of the company are sold short. Currently, 3.7% of the shares of the company are sold short. Based on an average daily trading volume, of 1,905,841 shares, the days-to-cover ratio is currently 1.1 days.

Insider Buying and Selling at Hub Group

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

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Wellington Management Group LLP acquired a new stake in shares of Hub Group in the 4th quarter valued at $139,588,000. Broad Bay Capital Management LP bought a new position in Hub Group during the 4th quarter valued at about $30,424,000. Millennium Management LLC lifted its holdings in Hub Group by 138.4% during the 3rd quarter. Millennium Management LLC now owns 1,138,461 shares of the transportation company’s stock valued at $39,209,000 after purchasing an additional 661,018 shares during the last quarter. Capital International Investors grew its stake 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 buying an additional 501,955 shares during the last quarter. Finally, Hudson Bay Capital Management LP increased its holdings in shares of 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 buying an additional 491,958 shares in the last quarter. 46.77% of the stock is currently owned by institutional investors and hedge funds.

Hub Group Price Performance

NASDAQ HUBG traded down $0.21 on Wednesday, reaching $43.05. The company’s stock had a trading volume of 659,299 shares, compared to its average volume of 1,419,175. Hub Group has a 52 week low of $30.75 and a 52 week high of $53.26. 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 firm has a market cap of $2.63 billion, a PE ratio of 24.88, a price-to-earnings-growth ratio of 1.36 and a beta of 1.14. The business has a 50-day moving average price of $44.77 and a 200 day moving average price of $39.85.

Hub Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 25th. Investors of record on Friday, March 13th will be given a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 1.2%. The ex-dividend date is Friday, March 13th. Hub Group’s dividend payout ratio (DPR) is 28.90%.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on HUBG. JPMorgan Chase & Co. raised their target price on Hub Group from $42.00 to $50.00 and gave the company a “neutral” rating in a report on Monday, January 12th. Wells Fargo & Company restated an “overweight” rating and issued a $55.00 price objective (up from $47.00) on shares of Hub Group in a research note on Friday, February 6th. Weiss Ratings reiterated a “hold (c)” rating on shares of Hub Group in a research note on Monday, December 29th. Susquehanna raised their price target 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. Finally, Morgan Stanley set a $46.00 price objective on shares of Hub Group and gave the stock an “equal weight” rating in a report on Monday, December 8th. Eight 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. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $44.53.

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.