Hub Group, Inc. (NASDAQ:HUBG) Receives $43.68 Average Price Target from Analysts

Hub Group, Inc. (NASDAQ:HUBG) has received a consensus rating of “Hold” from the nine research firms that are covering the stock, Marketbeat Ratings reports. Six research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $43.68.

A number of research analysts recently commented on the stock. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Hub Group in a research note on Friday, March 7th. They issued a “hold” rating and a $41.00 price target on the stock. Stifel Nicolaus upped their price target 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. Benchmark decreased their price target on shares of Hub Group from $40.00 to $33.13 and set a “buy” rating on the stock in a research note on Friday, May 9th. Susquehanna decreased their target price on shares of Hub Group from $55.00 to $48.00 and set a “positive” rating on the stock in a research report on Wednesday, March 26th. Finally, TD Cowen decreased their target price on shares of Hub Group from $40.00 to $36.00 and set a “hold” rating on the stock in a research report on Friday, May 9th.

Institutional Trading of Hub Group

Institutional investors and hedge funds have recently made changes to their positions in the company. Barclays PLC lifted its holdings in shares of Hub Group by 199.6% during the 3rd quarter. Barclays PLC now owns 117,774 shares of the transportation company’s stock worth $5,354,000 after acquiring an additional 78,467 shares during the period. KLP Kapitalforvaltning AS bought a new stake in shares of Hub Group during the 4th quarter worth approximately $1,279,000. Hennion & Walsh Asset Management Inc. lifted its holdings in shares of Hub Group by 16.8% during the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 9,511 shares of the transportation company’s stock worth $424,000 after acquiring an additional 1,368 shares during the period. Bank of New York Mellon Corp lifted its holdings in shares of Hub Group by 14.6% during the 4th quarter. Bank of New York Mellon Corp now owns 577,940 shares of the transportation company’s stock worth $25,753,000 after acquiring an additional 73,712 shares during the period. Finally, Atria Investments Inc bought a new stake in shares of Hub Group during the 4th quarter worth approximately $216,000. Institutional investors own 46.77% of the company’s stock.

Hub Group Stock Up 0.6%

Shares of HUBG opened at $35.96 on Wednesday. Hub Group has a 52 week low of $30.75 and a 52 week high of $53.21. The firm has a market cap of $2.20 billion, a P/E ratio of 21.15 and a beta of 1.13. The firm’s 50-day simple moving average is $34.51 and its 200 day simple moving average is $41.70. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.30 and a current ratio of 1.33.

Hub Group (NASDAQ:HUBG) last announced its quarterly earnings results on Thursday, May 8th. The transportation company reported $0.44 EPS 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 business had revenue of $915.22 million for the quarter, compared to analyst estimates of $973.86 million. During the same quarter in the prior year, the business earned $0.44 EPS. Hub Group’s quarterly revenue was down 8.5% on a year-over-year basis. On average, analysts forecast that Hub Group will post 2.2 earnings per share for the current year.

Hub Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Tuesday, March 18th were issued a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.39%. The ex-dividend date of this dividend was Tuesday, March 18th. Hub Group’s dividend payout ratio (DPR) is presently 29.41%.

Hub Group Company Profile

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.