Benchmark Issues Positive Forecast for Hub Group (NASDAQ:HUBG) Stock Price

Hub Group (NASDAQ:HUBG) had its target price raised by Benchmark from $47.00 to $49.00 in a research note issued to investors on Friday morning,Benzinga reports. They currently have a buy rating on the transportation company’s stock.

A number of other analysts also recently weighed in on the company. Susquehanna upgraded Hub Group from a “neutral” rating to a “positive” rating and set a $55.00 price target for the company in a report on Friday, January 3rd. TD Cowen lifted their target price on Hub Group from $43.00 to $49.00 and gave the stock a “hold” rating in a report on Thursday, October 31st. Evercore ISI increased their price target on Hub Group from $41.00 to $43.00 and gave the stock an “in-line” rating in a report on Thursday, October 3rd. Finally, Barclays lifted their price objective on shares of Hub Group from $42.00 to $52.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 13th. Nine investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $47.58.

Hub Group Price Performance

Shares of HUBG opened at $43.09 on Friday. The business has a 50-day moving average of $47.88 and a 200-day moving average of $45.38. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.30 and a quick ratio of 1.30. The company has a market capitalization of $2.64 billion, a price-to-earnings ratio of 24.48 and a beta of 0.94. Hub Group has a 1 year low of $38.07 and a 1 year high of $53.21.

Hub Group (NASDAQ:HUBG) last issued its quarterly earnings results on Wednesday, October 30th. The transportation company reported $0.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.49 by $0.03. Hub Group had a net margin of 2.74% and a return on equity of 7.44%. The firm had revenue of $986.89 million for the quarter, compared to the consensus estimate of $1.06 billion. During the same quarter in the previous year, the company earned $0.49 EPS. The company’s revenue for the quarter was down 3.7% on a year-over-year basis. As a group, equities research analysts anticipate that Hub Group will post 1.91 earnings per share for the current year.

Hub Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, December 6th were paid a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.16%. The ex-dividend date of this dividend was Friday, December 6th. Hub Group’s dividend payout ratio (DPR) is 28.41%.

Institutional Investors Weigh In On Hub Group

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Arizona State Retirement System raised its stake in shares of Hub Group by 1.6% in the second quarter. Arizona State Retirement System now owns 17,427 shares of the transportation company’s stock worth $750,000 after purchasing an additional 282 shares during the last quarter. Texas Permanent School Fund Corp lifted its stake in Hub Group by 6.5% during the 2nd quarter. Texas Permanent School Fund Corp now owns 58,140 shares of the transportation company’s stock valued at $2,503,000 after acquiring an additional 3,542 shares in the last quarter. American Century Companies Inc. grew its stake in shares of Hub Group by 6.1% in the 2nd quarter. American Century Companies Inc. now owns 1,322,166 shares of the transportation company’s stock worth $56,919,000 after acquiring an additional 76,431 shares in the last quarter. Oppenheimer Asset Management Inc. bought a new stake in shares of Hub Group in the 2nd quarter worth $200,000. Finally, Envestnet Asset Management Inc. lifted its position in shares of Hub Group by 12.5% during the second quarter. Envestnet Asset Management Inc. now owns 81,759 shares of the transportation company’s stock valued at $3,520,000 after purchasing an additional 9,101 shares in the last quarter. 46.77% of the stock is 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.