Hub Group, Inc. (NASDAQ:HUBG) Receives $45.29 Average PT from Analysts

Shares of Hub Group, Inc. (NASDAQ:HUBG) have received a consensus recommendation of “Hold” from the eleven research firms that are covering the firm, Marketbeat reports. Eight investment analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $46.00.

A number of equities research analysts have issued reports on the company. JPMorgan Chase & Co. upped 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. 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. 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 report on Thursday, July 18th. Evercore ISI upped their price target on shares of Hub Group from $41.00 to $43.00 and gave the company an “in-line” rating in a report on Thursday, October 3rd. Finally, UBS Group raised their price target on Hub Group from $42.00 to $48.00 and gave the company a “neutral” rating in a research report on Friday, August 2nd.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Integrated Advisors Network LLC acquired a new stake in Hub Group during the third quarter worth approximately $378,000. Highland Capital Management LLC boosted its holdings in shares of Hub Group by 9.4% during the 3rd quarter. Highland Capital Management LLC now owns 5,086 shares of the transportation company’s stock worth $231,000 after buying an additional 437 shares in the last quarter. Hennion & Walsh Asset Management Inc. acquired a new stake in shares of Hub Group during the 3rd quarter worth approximately $370,000. Syntegra Private Wealth Group LLC bought a new stake in shares of Hub Group in the 3rd quarter valued at $314,000. Finally, Cardinal Capital Management lifted its position in shares of Hub Group by 10.0% during the 3rd quarter. Cardinal Capital Management now owns 45,042 shares of the transportation company’s stock valued at $2,047,000 after acquiring an additional 4,094 shares during the period. 46.77% of the stock is owned by institutional investors and hedge funds.

Hub Group Price Performance

Shares of NASDAQ HUBG opened at $43.69 on Friday. Hub Group has a twelve month low of $33.38 and a twelve month high of $48.39. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 0.13. The firm has a 50-day moving average of $44.30 and a two-hundred day moving average of $43.40. The company has a market capitalization of $2.72 billion, a price-to-earnings ratio of 20.80 and a beta of 0.88.

Hub Group (NASDAQ:HUBG) last released its quarterly earnings results on Thursday, August 1st. The transportation company reported $0.47 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates 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 analyst estimates of $1.09 billion. During the same quarter in the previous year, the business earned $0.72 earnings per share. The firm’s revenue was down 5.2% compared to the same quarter last year. As a group, analysts expect that Hub Group will post 1.92 earnings per share for the current fiscal year.

Hub Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 25th. Stockholders of record on Friday, September 6th were issued a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 1.14%. The ex-dividend date of this dividend was Friday, September 6th. Hub Group’s dividend payout ratio (DPR) is currently 23.81%.

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.