Hub Group (NASDAQ:HUBG) Stock Price Passes Above Two Hundred Day Moving Average – What’s Next?

Shares of Hub Group, Inc. (NASDAQ:HUBG) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $39.62 and traded as high as $43.28. Hub Group shares last traded at $43.02, with a volume of 1,194,986 shares traded.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on HUBG. Stifel Nicolaus set a $27.00 price objective on shares of Hub Group and gave the company a “sell” rating in a research report on Friday, February 6th. Raymond James Financial reiterated an “outperform” rating and issued a $50.00 price target on shares of Hub Group in a research note on Monday, February 9th. TD Cowen restated a “hold” rating on shares of Hub Group in a research report on Monday, January 12th. Evercore set a $53.00 price objective on Hub Group and gave the stock an “outperform” rating in a report on Monday, January 12th. Finally, Zacks Research raised Hub Group from a “strong sell” rating to a “hold” rating in a research report on Monday, December 1st. Eight analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Hub Group currently has an average rating of “Hold” and a consensus target price of $44.53.

Hub Group Stock Up 4.5%

The stock’s fifty day simple moving average is $44.83 and its 200-day simple moving average is $39.62. The stock has a market cap of $2.63 billion, a P/E ratio of 24.87, a P/E/G ratio of 1.29 and a beta of 1.13. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.47 and a current ratio of 1.47.

Hub Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 25th. Shareholders of record on Friday, March 13th will be issued a $0.125 dividend. The ex-dividend date of this dividend is Friday, March 13th. This represents a $0.50 annualized dividend and a yield of 1.2%. Hub Group’s payout ratio is currently 28.90%.

Insider Buying and Selling at Hub Group

In related news, CEO Phillip D. Yeager sold 32,000 shares of the firm’s stock in a transaction on Thursday, December 11th. The stock was sold at an average price of $43.68, for a total value of $1,397,760.00. Following the transaction, the chief executive officer 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Gary Yablon purchased 4,566 shares of the company’s stock in a transaction that occurred on Thursday, December 11th. The stock was bought at an average cost of $43.73 per share, with a total value of $199,671.18. Following the purchase, the director owned 32,778 shares of the company’s stock, valued at $1,433,381.94. This represents a 16.18% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Corporate insiders own 3.48% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. lifted its stake in Hub Group by 265.9% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 644 shares of the transportation company’s stock worth $27,000 after purchasing an additional 468 shares during the last quarter. Torren Management LLC bought a new position in shares of Hub Group in the 4th quarter valued at $31,000. Frazier Financial Advisors LLC acquired a new position in shares of Hub Group during the 3rd quarter worth $35,000. Quarry LP lifted its position in shares of Hub Group by 271.5% during the 3rd quarter. Quarry LP now owns 1,107 shares of the transportation company’s stock worth $38,000 after buying an additional 809 shares during the last quarter. Finally, Smartleaf Asset Management LLC lifted its position in shares of Hub Group by 33.4% during the 2nd quarter. Smartleaf Asset Management LLC now owns 1,282 shares of the transportation company’s stock worth $44,000 after buying an additional 321 shares during the last quarter. 46.77% of the stock is owned by institutional investors.

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.