Brokerages Set Hub Group, Inc. (NASDAQ:HUBG) Price Target at $47.42

Shares of Hub Group, Inc. (NASDAQ:HUBG) have been given an average rating of “Hold” by the twelve brokerages that are currently covering the firm, MarketBeat.com reports. Eight equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $47.58.

Several equities analysts have recently commented on the company. Barclays upped their target price on Hub Group from $42.00 to $52.00 and gave the company an “equal weight” rating in a research report on Wednesday, November 13th. Benchmark boosted their price target on Hub Group from $47.00 to $49.00 and gave the stock a “buy” rating in a report on Friday. TD Cowen raised their price objective on Hub Group from $43.00 to $49.00 and gave the company a “hold” rating in a research note on Thursday, October 31st. Evercore ISI boosted their target price 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. Finally, Susquehanna raised Hub Group from a “neutral” rating to a “positive” rating and set a $55.00 price target on the stock in a research note on Friday, January 3rd.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Select Equity Group L.P. lifted its stake in Hub Group by 19.4% in the 2nd quarter. Select Equity Group L.P. now owns 1,836,354 shares of the transportation company’s stock worth $79,055,000 after purchasing an additional 298,390 shares in the last quarter. Point72 Asset Management L.P. bought a new position in shares of Hub Group in the second quarter worth approximately $4,680,000. Principal Financial Group Inc. raised its stake in Hub Group by 14.3% in the third quarter. Principal Financial Group Inc. now owns 783,456 shares of the transportation company’s stock valued at $35,608,000 after purchasing an additional 97,768 shares in the last quarter. Barclays PLC grew its stake in Hub Group by 199.6% in the 3rd quarter. Barclays PLC now owns 117,774 shares of the transportation company’s stock worth $5,354,000 after buying an additional 78,467 shares in the last quarter. Finally, American Century Companies Inc. increased its holdings in shares of Hub Group by 6.1% in the 2nd quarter. American Century Companies Inc. now owns 1,322,166 shares of the transportation company’s stock worth $56,919,000 after buying an additional 76,431 shares during the last quarter. Hedge funds and other institutional investors own 46.77% of the company’s stock.

Hub Group Stock Down 2.4 %

HUBG stock opened at $43.09 on Thursday. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.30 and a quick ratio of 1.30. The company has a 50-day moving average of $47.88 and a two-hundred day moving average of $45.39. Hub Group has a 52-week low of $38.07 and a 52-week high of $53.21. The stock has a market capitalization of $2.64 billion, a price-to-earnings ratio of 24.48 and a beta of 0.94.

Hub Group (NASDAQ:HUBG) last posted 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 return on equity of 7.44% and a net margin of 2.74%. The company had revenue of $986.89 million during the quarter, compared to analyst estimates of $1.06 billion. During the same period in the previous year, the company earned $0.49 EPS. The company’s revenue for the quarter was down 3.7% compared to the same quarter last year. As a group, equities research analysts anticipate that Hub Group will post 1.91 EPS for the current year.

Hub Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Friday, December 6th were issued a dividend of $0.125 per share. The ex-dividend date was Friday, December 6th. This represents a $0.50 dividend on an annualized basis and a yield of 1.16%. Hub Group’s dividend payout ratio (DPR) is 28.41%.

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.