JPMorgan Chase & Co. Trims Hub Group (NASDAQ:HUBG) Target Price to $43.00

Hub Group (NASDAQ:HUBG) had its price target lowered by JPMorgan Chase & Co. from $44.00 to $43.00 in a report issued on Tuesday morning, Benzinga reports. The brokerage currently has a neutral rating on the transportation company’s stock.

Several other research firms have also recently commented on HUBG. Benchmark reaffirmed a buy rating and set a $49.00 target price on shares of Hub Group in a research note on Tuesday. Evercore ISI reaffirmed an in-line rating and set a $44.00 target price on shares of Hub Group in a research note on Tuesday, June 25th. Susquehanna decreased their target price on Hub Group from $49.00 to $46.00 and set a neutral rating for the company in a research note on Monday, March 25th. Stephens decreased their target price on Hub Group from $44.00 to $42.00 and set an equal weight rating for the company in a research note on Friday, April 26th. Finally, BMO Capital Markets decreased their target price on Hub Group from $48.00 to $45.00 and set a market perform rating for the company in a research note on Friday, April 26th. Eight equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of Hold and an average target price of $46.29.

Hub Group Trading Up 3.7 %

Shares of HUBG stock opened at $43.45 on Tuesday. The stock has a market cap of $2.71 billion, a price-to-earnings ratio of 20.64 and a beta of 0.90. The stock has a 50-day moving average of $42.96 and a 200-day moving average of $43.13. 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 has a 1-year low of $31.73 and a 1-year high of $47.58.

Hub Group (NASDAQ:HUBG) last issued its quarterly earnings results 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. The company had revenue of $1,000.00 million during the quarter, compared to analysts’ expectations of $1.05 billion. Hub Group had a return on equity of 8.48% and a net margin of 3.28%. The business’s quarterly revenue was down 16.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.94 earnings per share. On average, equities research analysts forecast that Hub Group will post 2.02 earnings per share for the current year.

Hub Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 26th. Stockholders of record on Friday, June 7th were issued a $0.125 dividend. The ex-dividend date of this dividend was Friday, June 7th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.15%. Hub Group’s dividend payout ratio is presently 23.75%.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Anchor Investment Management LLC bought a new position in shares of Hub Group in the fourth quarter valued at approximately $37,000. Silicon Valley Capital Partners lifted its holdings in shares of Hub Group by 100.6% in the first quarter. Silicon Valley Capital Partners now owns 682 shares of the transportation company’s stock valued at $29,000 after purchasing an additional 342 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. lifted its holdings in shares of Hub Group by 81.5% in the first quarter. Harel Insurance Investments & Financial Services Ltd. now owns 744 shares of the transportation company’s stock valued at $32,000 after purchasing an additional 334 shares in the last quarter. Fidelis Capital Partners LLC bought a new position in shares of Hub Group in the first quarter valued at approximately $38,000. Finally, Adirondack Trust Co. lifted its holdings in shares of Hub Group by 100.0% in the fourth quarter. Adirondack Trust Co. now owns 1,000 shares of the transportation company’s stock valued at $92,000 after purchasing an additional 500 shares in the last quarter. 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.