Hub Group (NASDAQ:HUBG) Price Target Lowered to $50.00 at Barclays

Hub Group (NASDAQ:HUBG) had its price objective trimmed by Barclays from $52.00 to $50.00 in a research note published on Monday,Benzinga reports. The firm currently has an equal weight rating on the transportation company’s stock.

A number of other research analysts have also issued reports on the stock. Stifel Nicolaus raised their price objective on shares of Hub Group from $46.00 to $53.00 and gave the company a “buy” rating in a report on Thursday, January 23rd. Susquehanna raised shares of Hub Group from a “neutral” rating to a “positive” rating and set a $55.00 price target for the company in a research note on Friday, January 3rd. Benchmark boosted their price objective on shares of Hub Group from $47.00 to $49.00 and gave the stock a “buy” rating in a research note on Friday, January 10th. Finally, TD Cowen raised their target price on Hub Group from $43.00 to $49.00 and gave the stock a “hold” rating in a research report on Thursday, October 31st. Eight analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $48.50.

Hub Group Stock Performance

Shares of Hub Group stock opened at $42.10 on Monday. The company’s 50 day moving average price is $45.28 and its two-hundred day moving average price is $45.46. The firm has a market capitalization of $2.58 billion, a P/E ratio of 24.76 and a beta of 0.94. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.30 and a quick ratio of 1.30. Hub Group has a fifty-two week low of $38.07 and a fifty-two week high of $53.21.

Hub Group (NASDAQ:HUBG) last issued its quarterly earnings data on Thursday, February 6th. The transportation company reported $0.48 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.48. Hub Group had a return on equity of 7.17% and a net margin of 2.64%. On average, equities analysts forecast that Hub Group will post 2.38 earnings per share for the current fiscal year.

Hub Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Friday, December 6th were paid 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 1.19%. Hub Group’s dividend payout ratio is currently 29.41%.

Hedge Funds Weigh In On Hub Group

Several institutional investors have recently added to or reduced their stakes in the business. GAMMA Investing LLC increased its stake in shares of Hub Group by 65.0% in the 3rd quarter. GAMMA Investing LLC now owns 711 shares of the transportation company’s stock valued at $32,000 after acquiring an additional 280 shares in the last quarter. Nomura Asset Management Co. Ltd. increased its stake in Hub Group by 48.4% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 950 shares of the transportation company’s stock valued at $42,000 after purchasing an additional 310 shares in the last quarter. Smartleaf Asset Management LLC raised its holdings in shares of Hub Group by 286.2% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,541 shares of the transportation company’s stock valued at $68,000 after purchasing an additional 1,142 shares during the period. Blue Trust Inc. boosted its position in shares of Hub Group by 24.8% during the 4th quarter. Blue Trust Inc. now owns 2,261 shares of the transportation company’s stock worth $103,000 after purchasing an additional 450 shares in the last quarter. Finally, SG Americas Securities LLC acquired a new stake in shares of Hub Group in the 3rd quarter valued at about $106,000. 46.77% of the stock is 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.