Hub Group’s (HUBG) “In-Line” Rating Reaffirmed at Evercore ISI

Evercore ISI reaffirmed their in-line rating on shares of Hub Group (NASDAQ:HUBG) in a report issued on Tuesday, MarketBeat.com reports. They currently have a $44.00 price objective on the transportation company’s stock.

A number of other research firms have also recently issued reports on HUBG. Stephens decreased their price objective on shares of Hub Group from $44.00 to $42.00 and set an equal weight rating on the stock in a research report on Friday, April 26th. Benchmark reaffirmed a buy rating and set a $49.00 price target on shares of Hub Group in a research report on Friday, April 26th. BMO Capital Markets cut their price objective on Hub Group from $48.00 to $45.00 and set a market perform rating on the stock in a research report on Friday, April 26th. StockNews.com upgraded Hub Group from a sell rating to a hold rating in a report on Friday, March 1st. Finally, Susquehanna reduced their price objective on shares of Hub Group from $49.00 to $46.00 and set a neutral rating on the stock in a research report on Monday, March 25th. Eight equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, Hub Group currently has an average rating of Hold and an average price target of $46.54.

Hub Group Stock Up 0.7 %

HUBG opened at $43.05 on Tuesday. The company has a market cap of $2.68 billion, a P/E ratio of 20.45 and a beta of 0.90. Hub Group has a 12 month low of $31.73 and a 12 month high of $47.58. The business’s 50-day moving average price is $42.58 and its 200-day moving average price is $43.22. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.14.

Hub Group (NASDAQ:HUBG) last announced its quarterly earnings data on Thursday, April 25th. The transportation company reported $0.44 earnings per share for the quarter, beating the consensus estimate of $0.40 by $0.04. Hub Group had a return on equity of 8.48% and a net margin of 3.28%. The firm had revenue of $1,000.00 million during the quarter, compared to the consensus estimate of $1.05 billion. During the same quarter in the previous year, the company posted $0.94 earnings per share. The business’s revenue was down 16.7% on a year-over-year basis. On average, equities analysts expect that Hub Group will post 2.02 EPS for the current year.

Hub Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 26th. Shareholders of record on Friday, June 7th were issued a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 1.16%. The ex-dividend date of this dividend was Friday, June 7th. Hub Group’s dividend payout ratio (DPR) is presently 23.75%.

Hedge Funds Weigh In On Hub Group

Several large investors have recently made changes to their positions in the business. Federated Hermes Inc. raised its stake in Hub Group by 2,847.7% during the third quarter. Federated Hermes Inc. now owns 19,219 shares of the transportation company’s stock valued at $1,509,000 after buying an additional 18,567 shares during the last quarter. Parkside Financial Bank & Trust raised its position in shares of Hub Group by 20.3% in the 3rd quarter. Parkside Financial Bank & Trust now owns 861 shares of the transportation company’s stock worth $68,000 after purchasing an additional 145 shares during the last quarter. Trexquant Investment LP bought a new position in Hub Group in the 3rd quarter worth about $290,000. Synovus Financial Corp grew its position in Hub Group by 14.6% during the 3rd quarter. Synovus Financial Corp now owns 11,232 shares of the transportation company’s stock valued at $882,000 after purchasing an additional 1,430 shares during the last quarter. Finally, Qube Research & Technologies Ltd increased its stake in Hub Group by 7.5% during the 3rd quarter. Qube Research & Technologies Ltd now owns 67,673 shares of the transportation company’s stock valued at $5,315,000 after purchasing an additional 4,715 shares in the last quarter. 46.77% of the stock is currently owned by hedge funds and other institutional investors.

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.