Hub Group (NASDAQ:HUBG) Price Target Raised to $40.00

Hub Group (NASDAQ:HUBG) had its price target boosted by BMO Capital Markets from $38.00 to $40.00 in a report issued on Monday,Benzinga reports. BMO Capital Markets currently has a market perform rating on the transportation company’s stock.

Several other research analysts have also commented on the company. Stifel Nicolaus set a $41.00 price target on Hub Group and gave the stock a “buy” rating in a research report on Friday, October 3rd. Robert W. Baird dropped their target price on Hub Group from $44.00 to $42.00 and set an “outperform” rating for the company in a research report on Monday, August 4th. UBS Group restated a “neutral” rating and set a $38.00 target price (up previously from $36.00) on shares of Hub Group in a research report on Friday, October 10th. Raymond James Financial set a $40.00 target price on Hub Group and gave the company an “outperform” rating in a research report on Tuesday, October 14th. Finally, Barclays dropped their target price on Hub Group from $40.00 to $38.00 and set an “equal weight” rating for the company in a research report on Thursday, October 2nd. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, six have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $39.83.

Hub Group Trading Up 0.7%

HUBG opened at $35.72 on Monday. The firm has a market cap of $2.19 billion, a P/E ratio of 21.65, a P/E/G ratio of 1.23 and a beta of 1.14. Hub Group has a 12 month low of $30.75 and a 12 month high of $53.21. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.08. The stock has a 50-day moving average of $35.82 and a 200 day moving average of $34.85.

Hub Group (NASDAQ:HUBG) last released its quarterly earnings results on Thursday, October 30th. The transportation company reported $0.49 EPS for the quarter, hitting the consensus estimate of $0.49. The company had revenue of $934.50 million during the quarter, compared to analyst estimates of $937.78 million. Hub Group had a return on equity of 6.81% and a net margin of 2.65%.The firm’s revenue was down 5.3% on a year-over-year basis. During the same quarter last year, the business posted $0.52 earnings per share. Hub Group has set its FY 2025 guidance at 1.800-1.900 EPS. As a group, research analysts forecast that Hub Group will post 2.2 EPS for the current year.

Hub Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 24th. Investors of record on Friday, September 12th were issued a $0.125 dividend. The ex-dividend date was Friday, September 12th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.4%. Hub Group’s payout ratio is presently 28.90%.

Institutional Trading of Hub Group

Large investors have recently modified their holdings of the company. Frazier Financial Advisors LLC purchased a new stake in shares of Hub Group in the third quarter valued at approximately $35,000. Smartleaf Asset Management LLC raised its stake in Hub Group by 33.4% in the second quarter. Smartleaf Asset Management LLC now owns 1,282 shares of the transportation company’s stock worth $44,000 after buying an additional 321 shares in the last quarter. GAMMA Investing LLC raised its stake in Hub Group by 161.9% in the second quarter. GAMMA Investing LLC now owns 1,375 shares of the transportation company’s stock worth $46,000 after buying an additional 850 shares in the last quarter. NewEdge Advisors LLC raised its stake in Hub Group by 333.8% in the second quarter. NewEdge Advisors LLC now owns 1,488 shares of the transportation company’s stock worth $50,000 after buying an additional 1,145 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd raised its stake in Hub Group by 139,500.0% in the first quarter. Caitong International Asset Management Co. Ltd now owns 1,396 shares of the transportation company’s stock worth $52,000 after buying an additional 1,395 shares in the last quarter. Hedge funds and other institutional investors own 46.77% of the company’s stock.

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.