Hub Group (NASDAQ:HUBG) Receives Buy Rating from Benchmark

Benchmark reaffirmed their buy rating on shares of Hub Group (NASDAQ:HUBG) in a report issued on Tuesday, Benzinga reports. Benchmark currently has a $47.00 price target on the transportation company’s stock.

A number of other research analysts have also recently commented on HUBG. Evercore ISI reaffirmed an in-line rating and set a $44.00 target price on shares of Hub Group in a research note on Tuesday, June 25th. JPMorgan Chase & Co. lifted their target price on Hub Group from $43.00 to $51.00 and gave the stock a neutral rating in a research report on Friday, August 2nd. UBS Group upped their price target on shares of Hub Group from $42.00 to $48.00 and gave the stock a neutral rating in a report on Friday, August 2nd. Stifel Nicolaus decreased their price objective on shares of Hub Group from $45.00 to $43.00 and set a buy rating for the company in a report on Tuesday, August 6th. Finally, TD Cowen downgraded shares of Hub Group from a buy rating to a hold rating and dropped their target price for the stock from $50.00 to $43.00 in a research note on Thursday, July 18th. Ten research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of Hold and a consensus target price of $45.19.

Hub Group Price Performance

Shares of Hub Group stock opened at $45.22 on Tuesday. The stock has a market cap of $2.82 billion, a price-to-earnings ratio of 21.53 and a beta of 0.89. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.32 and a current ratio of 1.32. The stock has a 50 day moving average price of $44.30 and a 200-day moving average price of $42.97. Hub Group has a one year low of $31.73 and a one year high of $48.39.

Hub Group (NASDAQ:HUBG) last announced its earnings results on Thursday, August 1st. The transportation company reported $0.47 earnings per share for the quarter, meeting the consensus estimate of $0.47. Hub Group had a net margin of 2.89% and a return on equity of 7.37%. The business had revenue of $986.50 million for the quarter, compared to the consensus estimate of $1.09 billion. During the same quarter in the prior year, the firm posted $0.72 earnings per share. The business’s revenue for the quarter was down 5.2% on a year-over-year basis. Equities analysts expect that Hub Group will post 1.93 EPS for the current year.

Hub Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 25th. Shareholders of record on Friday, September 6th will be issued a dividend of $0.125 per share. The ex-dividend date is Friday, September 6th. This represents a $0.50 dividend on an annualized basis and a yield of 1.11%. Hub Group’s dividend payout ratio is currently 23.81%.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Family Firm Inc. bought a new stake in Hub Group during the second quarter valued at about $26,000. Silicon Valley Capital Partners boosted its holdings in shares of Hub Group by 100.6% in the 1st quarter. Silicon Valley Capital Partners now owns 682 shares of the transportation company’s stock valued at $29,000 after buying an additional 342 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. grew its position in shares of Hub Group by 81.5% in the 1st quarter. Harel Insurance Investments & Financial Services Ltd. now owns 744 shares of the transportation company’s stock worth $32,000 after buying an additional 334 shares during the last quarter. Point72 Hong Kong Ltd bought a new position in shares of Hub Group during the 2nd quarter worth approximately $34,000. Finally, Fidelis Capital Partners LLC purchased a new stake in Hub Group during the first quarter valued at approximately $38,000. 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.