Hub Group, Inc. (NASDAQ:HUBG) Receives Consensus Rating of “Hold” from Brokerages

Hub Group, Inc. (NASDAQ:HUBG) has received an average rating of “Hold” from the twelve research firms that are covering the company, Marketbeat.com reports. Eight equities research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $47.58.

A number of analysts have commented on HUBG shares. Benchmark lifted their target price on Hub Group from $47.00 to $49.00 and gave the stock a “buy” rating in a report on Friday, January 10th. Evercore ISI lifted their price objective on Hub Group from $41.00 to $43.00 and gave the stock an “in-line” rating in a report on Thursday, October 3rd. Barclays upped their target price 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. TD Cowen lifted their price target on shares of Hub Group from $43.00 to $49.00 and gave the stock a “hold” rating in a research note on Thursday, October 31st. Finally, Susquehanna upgraded shares of Hub Group from a “neutral” rating to a “positive” rating and set a $55.00 price objective on the stock in a research report on Friday, January 3rd.

Institutional Investors Weigh In On Hub Group

A number of hedge funds have recently modified their holdings of HUBG. GAMMA Investing LLC lifted its position in Hub Group by 65.0% during the third quarter. GAMMA Investing LLC now owns 711 shares of the transportation company’s stock valued at $32,000 after purchasing an additional 280 shares in the last quarter. Arizona State Retirement System lifted its position in shares of Hub Group by 1.6% during the 2nd quarter. Arizona State Retirement System now owns 17,427 shares of the transportation company’s stock valued at $750,000 after buying an additional 282 shares in the last quarter. Inspire Advisors LLC grew its stake in shares of Hub Group by 1.7% during the 2nd quarter. Inspire Advisors LLC now owns 17,327 shares of the transportation company’s stock valued at $746,000 after acquiring an additional 284 shares during the period. Highland Capital Management LLC increased its holdings in Hub Group by 9.4% in the 3rd quarter. Highland Capital Management LLC now owns 5,086 shares of the transportation company’s stock worth $231,000 after acquiring an additional 437 shares in the last quarter. Finally, Aristides Capital LLC raised its stake in Hub Group by 9.2% during the 2nd quarter. Aristides Capital LLC now owns 5,987 shares of the transportation company’s stock worth $258,000 after acquiring an additional 506 shares during the period. Institutional investors own 46.77% of the company’s stock.

Hub Group Price Performance

HUBG opened at $45.89 on Thursday. The firm has a market cap of $2.82 billion, a PE ratio of 26.07 and a beta of 0.94. The stock has a 50-day moving average price of $47.87 and a 200-day moving average price of $45.42. Hub Group has a 1 year low of $38.07 and a 1 year high of $53.21. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.30 and a quick ratio of 1.30.

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

Hub Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, December 6th were given a $0.125 dividend. The ex-dividend date was Friday, December 6th. This represents a $0.50 annualized dividend and a yield of 1.09%. Hub Group’s payout ratio is presently 28.41%.

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.