TD Cowen Issues Positive Forecast for Hub Group (NASDAQ:HUBG) Stock Price

Hub Group (NASDAQ:HUBG) had its target price boosted by TD Cowen from $43.00 to $49.00 in a research note released on Thursday morning, Marketbeat Ratings reports. The brokerage currently has a hold rating on the transportation company’s stock.

Several other brokerages have also recently weighed in on HUBG. Benchmark reaffirmed a “buy” rating and set a $47.00 price objective on shares of Hub Group in a research note on Tuesday, September 17th. UBS Group upped their price objective on shares of Hub Group from $42.00 to $48.00 and gave the stock a “neutral” rating in a research note on Friday, August 2nd. Evercore ISI upped their price objective on shares of Hub Group from $41.00 to $43.00 and gave the stock an “in-line” rating in a research note on Thursday, October 3rd. Stifel Nicolaus decreased their price objective on shares of Hub Group from $45.00 to $43.00 and set a “buy” rating on the stock in a research note on Tuesday, August 6th. Finally, Susquehanna upped their price objective on shares of Hub Group from $44.00 to $50.00 and gave the stock a “neutral” rating in a research note on Thursday, September 26th. Ten equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, Hub Group has a consensus rating of “Hold” and a consensus price target of $46.00.

Hub Group Stock Performance

NASDAQ:HUBG opened at $43.25 on Thursday. Hub Group has a 12-month low of $33.38 and a 12-month high of $48.39. The company has a quick ratio of 1.32, a current ratio of 1.30 and a debt-to-equity ratio of 0.12. The firm has a market capitalization of $2.69 billion, a PE ratio of 24.57 and a beta of 0.89. The firm has a 50-day moving average price of $44.32 and a 200 day moving average price of $43.46.

Hub Group (NASDAQ:HUBG) last posted its quarterly 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 firm had revenue of $986.89 million during the quarter, compared to analyst estimates of $1.06 billion. During the same quarter in the prior year, the business posted $0.49 earnings per share. The company’s quarterly revenue was down 3.7% compared to the same quarter last year. Research analysts anticipate that Hub Group will post 1.92 earnings per share for the current fiscal year.

Hub Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 25th. Shareholders of record on Friday, September 6th were paid a $0.125 dividend. The ex-dividend date was Friday, September 6th. This represents a $0.50 dividend on an annualized basis and a yield of 1.16%. Hub Group’s payout ratio is presently 28.41%.

Hedge Funds Weigh In On Hub Group

A number of hedge funds and other institutional investors have recently bought and sold shares of HUBG. Illinois Municipal Retirement Fund raised its holdings in Hub Group by 105.0% in the first quarter. Illinois Municipal Retirement Fund now owns 35,192 shares of the transportation company’s stock worth $1,521,000 after purchasing an additional 18,023 shares during the period. Price T Rowe Associates Inc. MD raised its holdings in Hub Group by 111.3% in the first quarter. Price T Rowe Associates Inc. MD now owns 42,792 shares of the transportation company’s stock worth $1,850,000 after purchasing an additional 22,542 shares during the period. UniSuper Management Pty Ltd acquired a new stake in Hub Group in the first quarter worth $567,000. Seven Eight Capital LP raised its holdings in Hub Group by 509.7% in the first quarter. Seven Eight Capital LP now owns 25,546 shares of the transportation company’s stock worth $1,104,000 after purchasing an additional 21,356 shares during the period. Finally, Retirement Systems of Alabama raised its holdings in Hub Group by 102.0% in the first quarter. Retirement Systems of Alabama now owns 104,910 shares of the transportation company’s stock worth $4,534,000 after purchasing an additional 52,986 shares during the period. 46.77% of the stock is owned by 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.