Hub Group, Inc. (NASDAQ:HUBG) Given Average Recommendation of “Hold” by Brokerages

Hub Group, Inc. (NASDAQ:HUBG) has been given a consensus recommendation of “Hold” by the eleven ratings firms that are currently covering the stock, Marketbeat Ratings reports. Eight analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $47.18.

Several equities analysts have commented on HUBG shares. Stifel Nicolaus raised their target price on shares of Hub Group from $46.00 to $53.00 and gave the company a “buy” rating in a research note on Thursday, January 23rd. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Hub Group in a report on Friday, March 7th. They issued a “hold” rating and a $41.00 price objective for the company. Barclays dropped their target price on Hub Group from $52.00 to $50.00 and set an “equal weight” rating on the stock in a report on Monday, February 10th. Susquehanna decreased their price target on Hub Group from $55.00 to $48.00 and set a “positive” rating for the company in a research note on Wednesday. Finally, Benchmark boosted their price objective on Hub Group from $47.00 to $49.00 and gave the stock a “buy” rating in a research note on Friday, January 10th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Capital International Investors bought a new position in shares of Hub Group during the fourth quarter worth $95,105,000. Norges Bank bought a new position in Hub Group during the fourth quarter worth about $41,487,000. Balyasny Asset Management L.P. grew its stake in Hub Group by 77.1% in the fourth quarter. Balyasny Asset Management L.P. now owns 1,147,499 shares of the transportation company’s stock valued at $51,133,000 after acquiring an additional 499,621 shares during the period. River Road Asset Management LLC bought a new stake in shares of Hub Group in the fourth quarter worth about $17,458,000. Finally, Segall Bryant & Hamill LLC raised its position in shares of Hub Group by 60.6% during the fourth quarter. Segall Bryant & Hamill LLC now owns 589,141 shares of the transportation company’s stock worth $26,252,000 after purchasing an additional 222,405 shares during the period. 46.77% of the stock is currently owned by institutional investors.

Hub Group Stock Performance

HUBG stock opened at $37.13 on Tuesday. The stock’s 50 day simple moving average is $41.22 and its 200 day simple moving average is $44.44. Hub Group has a 12-month low of $36.04 and a 12-month high of $53.21. The firm has a market cap of $2.28 billion, a P/E ratio of 21.84 and a beta of 0.93. The company has a current ratio of 1.33, a quick ratio of 1.30 and a debt-to-equity ratio of 0.10.

Hub Group (NASDAQ:HUBG) last released its quarterly earnings data on Thursday, February 6th. The transportation company reported $0.48 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.48. Hub Group had a return on equity of 7.10% and a net margin of 2.64%. As a group, equities research analysts predict that Hub Group will post 2.2 EPS for the current year.

Hub Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Tuesday, March 18th were given a $0.125 dividend. The ex-dividend date was Tuesday, March 18th. This represents a $0.50 dividend on an annualized basis and a yield of 1.35%. Hub Group’s payout ratio is 29.41%.

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.