Benchmark Reaffirms Buy Rating for Hub Group (NASDAQ:HUBG)

Benchmark reiterated their buy rating on shares of Hub Group (NASDAQ:HUBG) in a research report sent to investors on Tuesday morning, Benzinga reports. They currently have a $47.00 target price on the transportation company’s stock.

Several other equities analysts have also recently weighed in on HUBG. TD Cowen cut Hub Group from a buy rating to a hold rating and cut their price objective for the stock from $50.00 to $43.00 in a research report on Thursday, July 18th. Susquehanna dropped their target price on Hub Group from $45.00 to $44.00 and set a neutral rating for the company in a report on Friday, August 2nd. Stifel Nicolaus dropped their target price on Hub Group from $45.00 to $43.00 and set a buy rating for the company in a report on Tuesday, August 6th. JPMorgan Chase & Co. raised their price target on Hub Group from $43.00 to $51.00 and gave the company a neutral rating in a report on Friday, August 2nd. Finally, Evercore ISI reaffirmed an in-line rating and set a $44.00 price target on shares of Hub Group in a report on Tuesday, June 25th. Ten analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of Hold and an average target price of $45.19.

Hub Group Stock Performance

Shares of NASDAQ HUBG opened at $46.68 on Tuesday. The business’s 50-day moving average price is $44.45 and its two-hundred day moving average price is $43.00. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.32 and a quick ratio of 1.32. Hub Group has a one year low of $31.73 and a one year high of $48.39. The company has a market capitalization of $2.91 billion, a P/E ratio of 22.23 and a beta of 0.89.

Hub Group (NASDAQ:HUBG) last announced its quarterly earnings results on Thursday, August 1st. The transportation company reported $0.47 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.47. Hub Group had a return on equity of 7.37% and a net margin of 2.89%. The company had revenue of $986.50 million during the quarter, compared to analysts’ expectations of $1.09 billion. During the same quarter in the previous year, the firm earned $0.72 earnings per share. The business’s quarterly revenue was down 5.2% compared to the same quarter last year. Analysts anticipate that Hub Group will post 1.93 earnings per share for the current fiscal year.

Hub Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 25th. Stockholders of record on Friday, September 6th will be given a $0.125 dividend. The ex-dividend date is Friday, September 6th. This represents a $0.50 annualized dividend and a dividend yield of 1.07%. Hub Group’s dividend payout ratio is currently 23.81%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Family Firm Inc. bought a new position in Hub Group during the second quarter worth about $26,000. Silicon Valley Capital Partners lifted its holdings in Hub Group by 100.6% during the first quarter. Silicon Valley Capital Partners now owns 682 shares of the transportation company’s stock worth $29,000 after acquiring an additional 342 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. lifted its holdings in Hub Group by 81.5% during the first quarter. Harel Insurance Investments & Financial Services Ltd. now owns 744 shares of the transportation company’s stock worth $32,000 after acquiring an additional 334 shares in the last quarter. Point72 Hong Kong Ltd bought a new position in Hub Group during the second quarter worth about $34,000. Finally, Fidelis Capital Partners LLC bought a new stake in shares of Hub Group in the first quarter valued at about $38,000. 46.77% of the stock is currently owned by institutional investors.

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.