Hub Group, Inc. (NASDAQ:HUBG) Given Average Recommendation of “Hold” by Analysts

Hub Group, Inc. (NASDAQ:HUBG) has received a consensus recommendation of “Hold” from the twelve analysts that are covering the firm, Marketbeat Ratings reports. Nine investment analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $45.29.

A number of brokerages have issued reports on HUBG. UBS Group increased their target price on shares of Hub Group from $42.00 to $48.00 and gave the stock a “neutral” rating in a research report on Friday, August 2nd. Benchmark restated a “buy” rating and set a $47.00 target price on shares of Hub Group in a research report on Tuesday, September 17th. JPMorgan Chase & Co. increased their target price on shares of Hub Group from $43.00 to $51.00 and gave the stock a “neutral” rating in a research report on Friday, August 2nd. Susquehanna increased their target price on shares of Hub Group from $44.00 to $50.00 and gave the stock a “neutral” rating in a research report on Thursday, September 26th. Finally, TD Cowen lowered shares of Hub Group from a “buy” rating to a “hold” rating and decreased their target price for the stock from $50.00 to $43.00 in a research report on Thursday, July 18th.

Hub Group Stock Up 0.7 %

Hub Group stock opened at $43.35 on Friday. The stock has a market cap of $2.70 billion, a P/E ratio of 23.37 and a beta of 0.88. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 0.13. Hub Group has a twelve month low of $31.73 and a twelve month high of $48.39. The company’s 50-day moving average price is $44.29 and its two-hundred day moving average price is $43.37.

Hub Group (NASDAQ:HUBG) last released its quarterly earnings results on Thursday, August 1st. The transportation company reported $0.47 earnings per share for the quarter, meeting the consensus estimate of $0.47. The firm had revenue of $986.50 million for the quarter, compared to analysts’ expectations of $1.09 billion. Hub Group had a net margin of 2.89% and a return on equity of 7.37%. The business’s revenue was down 5.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.72 EPS. As a group, analysts expect that Hub Group will post 1.92 EPS for the current year.

Hub Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 25th. Investors of record on Friday, September 6th were paid a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 1.15%. The ex-dividend date of this dividend was Friday, September 6th. Hub Group’s payout ratio is 26.95%.

Hedge Funds Weigh In On Hub Group

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Integrated Advisors Network LLC bought a new position in Hub Group in the 3rd quarter valued at approximately $378,000. Highland Capital Management LLC lifted its stake in Hub Group by 9.4% in the 3rd quarter. Highland Capital Management LLC now owns 5,086 shares of the transportation company’s stock valued at $231,000 after purchasing an additional 437 shares during the last quarter. Hennion & Walsh Asset Management Inc. bought a new position in Hub Group in the 3rd quarter valued at approximately $370,000. Syntegra Private Wealth Group LLC bought a new position in Hub Group in the 3rd quarter valued at approximately $314,000. Finally, Cardinal Capital Management raised its stake in shares of Hub Group by 10.0% during the third quarter. Cardinal Capital Management now owns 45,042 shares of the transportation company’s stock valued at $2,047,000 after acquiring an additional 4,094 shares during the last quarter. Institutional investors own 46.77% of the company’s stock.

About Hub Group

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.