Hub Group (NASDAQ:HUBG) Reaches New 1-Year High – Should You Buy?

Hub Group, Inc. (NASDAQ:HUBG) hit a new 52-week high during mid-day trading on Monday . The company traded as high as $48.96 and last traded at $49.0060, with a volume of 137519 shares traded. The stock had previously closed at $47.58.

Wall Street Analyst Weigh In

Several research firms have issued reports on HUBG. Stifel Nicolaus set a $52.00 price objective on Hub Group and gave the stock a “buy” rating in a report on Wednesday, January 14th. Susquehanna raised their price objective on shares of Hub Group from $42.00 to $55.00 and gave the stock a “positive” rating in a report on Thursday, January 8th. Wolfe Research reaffirmed an “outperform” rating and set a $50.00 price target on shares of Hub Group in a research report on Thursday, January 8th. TD Cowen reissued a “hold” rating on shares of Hub Group in a report on Monday, January 12th. Finally, Raymond James Financial set a $40.00 price objective on Hub Group and gave the company an “outperform” rating in a research note on Tuesday, October 14th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $46.20.

Hub Group Stock Up 4.4%

The stock has a market cap of $3.04 billion, a P/E ratio of 28.72, a price-to-earnings-growth ratio of 1.36 and a beta of 1.14. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 0.09. The stock’s 50-day moving average is $43.87 and its 200-day moving average is $38.54.

Hub Group (NASDAQ:HUBG) last posted its quarterly earnings data on Thursday, October 30th. The transportation company reported $0.49 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.49. Hub Group had a net margin of 2.82% and a return on equity of 6.58%. The business had revenue of $934.50 million during the quarter, compared to analysts’ expectations of $937.78 million. During the same period last year, the firm posted $0.52 earnings per share. The business’s revenue was down 5.3% on a year-over-year basis. As a group, research analysts anticipate that Hub Group, Inc. will post 2.2 earnings per share for the current fiscal year.

Hub Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 17th. Stockholders of record on Friday, December 5th were given a dividend of $0.125 per share. The ex-dividend date was Friday, December 5th. This represents a $0.50 annualized dividend and a dividend yield of 1.0%. Hub Group’s dividend payout ratio (DPR) is 28.90%.

Insider Buying and Selling at Hub Group

In other news, Director Gary Yablon bought 4,566 shares of the firm’s stock in a transaction that occurred on Thursday, December 11th. The stock was acquired at an average price of $43.73 per share, with a total value of $199,671.18. Following the completion of the purchase, the director directly owned 32,778 shares of the company’s stock, valued at $1,433,381.94. This represents a 16.18% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Phillip D. Yeager sold 32,000 shares of the company’s stock in a transaction dated Thursday, December 11th. The shares were sold at an average price of $43.68, for a total transaction of $1,397,760.00. Following the completion of the sale, the chief executive officer directly owned 168,315 shares of the company’s stock, valued at $7,351,999.20. The trade was a 15.97% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 3.48% of the company’s stock.

Hedge Funds Weigh In On Hub Group

Hedge funds have recently modified their holdings of the stock. Torren Management LLC purchased a new stake in shares of Hub Group during the fourth quarter valued at $31,000. Frazier Financial Advisors LLC purchased a new stake in Hub Group during the third quarter valued at about $35,000. Quarry LP lifted its stake in Hub Group by 271.5% during the third quarter. Quarry LP now owns 1,107 shares of the transportation company’s stock valued at $38,000 after buying an additional 809 shares in the last quarter. Smartleaf Asset Management LLC boosted its holdings in shares of 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 during the period. Finally, GAMMA Investing LLC increased its position in shares of 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 acquiring an additional 850 shares in the last quarter. 46.77% of the stock is currently owned by institutional investors and hedge funds.

Hub Group Company Profile

Hub Group, Inc (NASDAQ: HUBG) is a leading supply chain solutions provider headquartered in Oak Brook, Illinois. Founded in 1971 as Hub City Terminals and renamed Hub Group in 1978, the company completed its initial public offering in 2007. Over the decades, Hub Group has developed a comprehensive multimodal transportation network, leveraging partnerships with major rail carriers and an extensive drayage fleet to offer cost-efficient, sustainable shipping alternatives.

The company operates through two primary segments: Intermodal and Transportation Management.