Hub Group (NASDAQ:HUBG) Given New $49.00 Price Target at Benchmark

Hub Group (NASDAQ:HUBG) had its price target increased by Benchmark from $47.00 to $49.00 in a research report sent to investors on Friday,Benzinga reports. They currently have a buy rating on the transportation company’s stock.

Several other analysts have also recently weighed in on HUBG. Susquehanna raised Hub Group from a “neutral” rating to a “positive” rating and set a $55.00 price target for the company in a report on Friday, January 3rd. Barclays boosted their target price on shares of Hub Group from $42.00 to $52.00 and gave the company an “equal weight” rating in a research report on Wednesday, November 13th. TD Cowen lifted their price objective on shares of Hub Group from $43.00 to $49.00 and gave the stock a “hold” rating in a research note on Thursday, October 31st. Finally, Evercore ISI boosted their price objective on shares of Hub Group from $41.00 to $43.00 and gave the company an “in-line” rating in a report on Thursday, October 3rd. Nine equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $47.58.

Hub Group Trading Down 2.4 %

Shares of Hub Group stock opened at $43.09 on Friday. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.30 and a quick ratio of 1.30. The business has a fifty day simple moving average of $47.88 and a two-hundred day simple moving average of $45.38. Hub Group has a 1 year low of $38.07 and a 1 year high of $53.21. The company has a market capitalization of $2.64 billion, a price-to-earnings ratio of 24.48 and a beta of 0.94.

Hub Group (NASDAQ:HUBG) last announced its earnings results on Wednesday, October 30th. The transportation company reported $0.52 EPS for the quarter, topping the consensus estimate of $0.49 by $0.03. The business had revenue of $986.89 million during the quarter, compared to the consensus estimate of $1.06 billion. Hub Group had a net margin of 2.74% and a return on equity of 7.44%. Hub Group’s revenue was down 3.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.49 EPS. Research analysts forecast that Hub Group will post 1.91 EPS for the current year.

Hub Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, December 6th were given a dividend of $0.125 per share. The ex-dividend date was Friday, December 6th. This represents a $0.50 annualized dividend and a yield of 1.16%. Hub Group’s dividend payout ratio is currently 28.41%.

Institutional Investors Weigh In On Hub Group

A number of large investors have recently modified their holdings of the business. GAMMA Investing LLC lifted its position in shares of Hub Group by 65.0% during the 3rd quarter. GAMMA Investing LLC now owns 711 shares of the transportation company’s stock worth $32,000 after buying an additional 280 shares during the last quarter. Point72 Hong Kong Ltd acquired a new position in Hub Group during the second quarter worth about $34,000. SG Americas Securities LLC bought a new position in shares of Hub Group in the third quarter worth about $106,000. CWM LLC boosted its stake in shares of Hub Group by 24.8% in the 3rd quarter. CWM LLC now owns 2,853 shares of the transportation company’s stock valued at $130,000 after purchasing an additional 567 shares in the last quarter. Finally, nVerses Capital LLC bought a new stake in shares of Hub Group during the 3rd quarter valued at approximately $182,000. Institutional investors and hedge funds 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.