Hub Group (NASDAQ:HUBG) Given In-Line Rating at Evercore ISI

Evercore ISI restated their in-line rating on shares of Hub Group (NASDAQ:HUBG) in a research report report published on Tuesday morning, Marketbeat.com reports. Evercore ISI currently has a $44.00 price objective on the transportation company’s stock.

Other analysts also recently issued research reports about the stock. Susquehanna dropped their target price on shares of Hub Group from $49.00 to $46.00 and set a neutral rating for the company in a report on Monday, March 25th. StockNews.com upgraded shares of Hub Group from a sell rating to a hold rating in a report on Friday, March 1st. BMO Capital Markets dropped their price target on shares of Hub Group from $48.00 to $45.00 and set a market perform rating for the company in a research note on Friday, April 26th. Benchmark restated a buy rating and issued a $49.00 price target on shares of Hub Group in a research note on Friday, April 26th. Finally, Stephens dropped their price target on shares of Hub Group from $44.00 to $42.00 and set an equal weight rating for the company in a research note on Friday, April 26th. Eight analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of Hold and a consensus target price of $46.54.

Hub Group Trading Down 0.1 %

HUBG opened at $43.31 on Tuesday. The firm has a market capitalization of $2.70 billion, a price-to-earnings ratio of 20.62 and a beta of 0.90. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.28 and a quick ratio of 1.28. The company’s 50 day simple moving average is $42.36 and its two-hundred day simple moving average is $43.22. Hub Group has a 1-year low of $31.73 and a 1-year high of $47.58.

Hub Group (NASDAQ:HUBG) last released its quarterly earnings results on Thursday, April 25th. The transportation company reported $0.44 EPS for the quarter, beating the consensus estimate of $0.40 by $0.04. The firm had revenue of $1,000.00 million for the quarter, compared to analyst estimates of $1.05 billion. Hub Group had a net margin of 3.28% and a return on equity of 8.48%. The business’s revenue for the quarter was down 16.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.94 EPS. Analysts expect that Hub Group will post 2.02 EPS for the current fiscal year.

Hub Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 26th. Stockholders of record on Friday, June 7th will be given a dividend of $0.125 per share. The ex-dividend date of this dividend is Friday, June 7th. This represents a $0.50 annualized dividend and a dividend yield of 1.15%. Hub Group’s dividend payout ratio (DPR) is currently 23.81%.

Institutional Investors Weigh In On Hub Group

Several institutional investors have recently modified their holdings of the company. Teachers Retirement System of The State of Kentucky lifted its position in Hub Group by 100.0% in the first quarter. Teachers Retirement System of The State of Kentucky now owns 22,162 shares of the transportation company’s stock valued at $958,000 after acquiring an additional 11,081 shares during the last quarter. Comerica Bank lifted its position in Hub Group by 84.5% in the first quarter. Comerica Bank now owns 26,627 shares of the transportation company’s stock valued at $1,151,000 after acquiring an additional 12,196 shares during the last quarter. Tidal Investments LLC lifted its position in Hub Group by 73.2% in the first quarter. Tidal Investments LLC now owns 18,462 shares of the transportation company’s stock valued at $798,000 after acquiring an additional 7,804 shares during the last quarter. California State Teachers Retirement System lifted its position in Hub Group by 90.6% in the first quarter. California State Teachers Retirement System now owns 63,204 shares of the transportation company’s stock valued at $2,732,000 after acquiring an additional 30,052 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. purchased a new stake in Hub Group in the first quarter valued at $352,000. 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.