UBS Group Boosts Hub Group (NASDAQ:HUBG) Price Target to $48.00

Hub Group (NASDAQ:HUBG) had its price target lifted by UBS Group from $42.00 to $48.00 in a research note released on Friday, Benzinga reports. They currently have a neutral rating on the transportation company’s stock.

Several other research analysts have also weighed in on HUBG. TD Cowen lowered Hub Group from a buy rating to a hold rating and lowered their price target for the stock from $50.00 to $43.00 in a research report on Thursday, July 18th. Benchmark restated a buy rating and set a $49.00 target price on shares of Hub Group in a research report on Tuesday, July 9th. Evercore ISI restated an in-line rating and issued a $44.00 price target on shares of Hub Group in a research report on Tuesday, June 25th. Stephens reduced their target price on Hub Group from $44.00 to $42.00 and set an equal weight rating on the stock in a report on Friday, April 26th. Finally, BMO Capital Markets lowered their price objective on shares of Hub Group from $48.00 to $45.00 and set a market perform rating for the company in a research report on Friday, April 26th. Ten analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of Hold and an average target price of $46.04.

Hub Group Trading Down 0.3 %

HUBG traded down $0.12 during trading on Friday, reaching $42.41. 533,501 shares of the company’s stock were exchanged, compared to its average volume of 449,834. The company’s fifty day moving average price is $43.67 and its 200-day moving average price is $43.14. The firm has a market capitalization of $2.64 billion, a PE ratio of 19.99 and a beta of 0.89. Hub Group has a fifty-two week low of $31.73 and a fifty-two week high of $48.39. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.28 and a current ratio of 1.28.

Hub Group (NASDAQ:HUBG) last announced its quarterly earnings data on Thursday, August 1st. The transportation company reported $0.47 EPS for the quarter, hitting analysts’ consensus estimates of $0.47. Hub Group had a return on equity of 7.38% and a net margin of 2.89%. The business had revenue of $986.50 million during the quarter, compared to analysts’ expectations of $1.09 billion. During the same period in the previous year, the firm earned $0.72 earnings per share. The firm’s quarterly revenue was down 5.2% compared to the same quarter last year. As a group, equities analysts forecast that Hub Group will post 2.02 EPS for the current year.

Hub Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 26th. Investors of record on Friday, June 7th were issued a $0.125 dividend. The ex-dividend date was Friday, June 7th. This represents a $0.50 annualized dividend and a yield of 1.18%. Hub Group’s dividend payout ratio (DPR) is presently 23.75%.

Hedge Funds Weigh In On Hub Group

Several hedge funds and other institutional investors have recently modified their holdings of HUBG. Illinois Municipal Retirement Fund boosted its stake in shares of Hub Group by 105.0% in the 1st quarter. Illinois Municipal Retirement Fund now owns 35,192 shares of the transportation company’s stock valued at $1,521,000 after buying an additional 18,023 shares during the period. UniSuper Management Pty Ltd purchased a new position in shares of Hub Group during the 1st quarter worth $567,000. Seven Eight Capital LP increased its holdings in shares of Hub Group by 509.7% during the 1st quarter. Seven Eight Capital LP now owns 25,546 shares of the transportation company’s stock worth $1,104,000 after buying an additional 21,356 shares during the last quarter. Retirement Systems of Alabama boosted its holdings in Hub Group by 102.0% in the 1st quarter. Retirement Systems of Alabama now owns 104,910 shares of the transportation company’s stock worth $4,534,000 after acquiring an additional 52,986 shares during the period. Finally, CWM LLC grew its position in shares of Hub Group by 3,141.7% during the first quarter. CWM LLC now owns 31,866 shares of the transportation company’s stock worth $1,377,000 after buying an additional 30,883 shares in the last quarter. 46.77% of the stock is 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.