Benchmark Has Lowered Expectations for Hub Group (NASDAQ:HUBG) Stock Price

Hub Group (NASDAQ:HUBG) had its price target lowered by Benchmark from $40.00 to $33.13 in a research note published on Friday,Benzinga reports. Benchmark currently has a buy rating on the transportation company’s stock.

Several other research firms also recently issued reports on HUBG. Barclays dropped their price objective on Hub Group from $50.00 to $45.00 and set an “equal weight” rating on the stock in a report on Wednesday, April 2nd. TD Cowen cut their price target on shares of Hub Group from $40.00 to $36.00 and set a “hold” rating on the stock in a report on Friday. Susquehanna decreased their price objective on shares of Hub Group from $55.00 to $48.00 and set a “positive” rating for the company in a report on Wednesday, March 26th. Stifel Nicolaus upped their target price on shares of Hub Group from $46.00 to $53.00 and gave the company a “buy” rating in a research note on Thursday, January 23rd. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on Hub Group in a research note on Friday, March 7th. They issued a “hold” rating and a $41.00 price target for the company. Six equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Hub Group has an average rating of “Hold” and an average price target of $44.24.

Hub Group Price Performance

Shares of HUBG stock opened at $33.23 on Friday. The firm has a fifty day simple moving average of $34.83 and a 200-day simple moving average of $41.99. The company has a market capitalization of $2.04 billion, a PE ratio of 19.55 and a beta of 1.13. Hub Group has a twelve month low of $30.75 and a twelve month high of $53.21. The company has a current ratio of 1.33, a quick ratio of 1.30 and a debt-to-equity ratio of 0.10.

Hub Group (NASDAQ:HUBG) last posted its quarterly earnings data on Thursday, May 8th. The transportation company reported $0.44 earnings per share for the quarter, beating analysts’ consensus estimates of $0.42 by $0.02. Hub Group had a net margin of 2.64% and a return on equity of 7.10%. The company had revenue of $915.22 million during the quarter, compared to analysts’ expectations of $973.86 million. During the same period in the prior year, the company posted $0.44 EPS. The firm’s revenue for the quarter was down 8.5% on a year-over-year basis. Equities research analysts anticipate that Hub Group will post 2.2 earnings per share for the current fiscal year.

Hub Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Tuesday, March 18th were paid a dividend of $0.125 per share. The ex-dividend date was Tuesday, March 18th. This represents a $0.50 annualized dividend and a yield of 1.50%. Hub Group’s dividend payout ratio (DPR) is 29.41%.

Hedge Funds Weigh In On Hub Group

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Headlands Technologies LLC lifted its holdings in shares of Hub Group by 404.8% in the 1st quarter. Headlands Technologies LLC now owns 15,598 shares of the transportation company’s stock worth $580,000 after purchasing an additional 12,508 shares during the last quarter. New Age Alpha Advisors LLC acquired a new stake in Hub Group in the first quarter worth $326,000. US Bancorp DE lifted its stake in Hub Group by 9.0% in the first quarter. US Bancorp DE now owns 20,260 shares of the transportation company’s stock valued at $753,000 after buying an additional 1,673 shares during the last quarter. Natixis Advisors LLC grew its position in shares of Hub Group by 3.2% during the first quarter. Natixis Advisors LLC now owns 18,471 shares of the transportation company’s stock worth $687,000 after acquiring an additional 576 shares during the last quarter. Finally, Vestcor Inc increased its holdings in shares of Hub Group by 102.3% in the 1st quarter. Vestcor Inc now owns 12,488 shares of the transportation company’s stock worth $464,000 after acquiring an additional 6,315 shares during the period. 46.77% of the stock is currently owned by institutional investors and hedge funds.

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.