Brokerages Set Hub Group, Inc. (NASDAQ:HUBG) PT at $46.83

Shares of Hub Group, Inc. (NASDAQ:HUBG) have been given a consensus recommendation of “Hold” by the twelve brokerages that are presently covering the firm, Marketbeat reports. Nine equities research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $46.83.

HUBG has been the subject of a number of research reports. Barclays lifted their target price on shares of Hub Group from $42.00 to $52.00 and gave the stock an “equal weight” rating in a research report on Wednesday, November 13th. Benchmark restated a “buy” rating and set a $47.00 price objective on shares of Hub Group in a research report on Friday, November 1st. Evercore ISI upped their target price on Hub Group from $41.00 to $43.00 and gave the company an “in-line” rating in a research note on Thursday, October 3rd. TD Cowen raised their price target on Hub Group from $43.00 to $49.00 and gave the stock a “hold” rating in a research report on Thursday, October 31st. Finally, Susquehanna reduced their price objective on Hub Group from $50.00 to $48.00 and set a “neutral” rating on the stock in a research report on Friday, November 1st.

Hub Group Stock Performance

NASDAQ HUBG opened at $48.06 on Friday. The business has a 50 day moving average price of $47.61 and a 200 day moving average price of $45.25. The company has a market capitalization of $2.95 billion, a P/E ratio of 27.31 and a beta of 0.92. Hub Group has a 1-year low of $38.07 and a 1-year high of $53.21. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.30 and a quick ratio of 1.30.

Hub Group (NASDAQ:HUBG) last announced its quarterly earnings results on Wednesday, October 30th. The transportation company reported $0.52 earnings per share for the quarter, beating analysts’ consensus estimates of $0.49 by $0.03. Hub Group had a return on equity of 7.44% and a net margin of 2.74%. The business had revenue of $986.89 million during the quarter, compared to analysts’ expectations of $1.06 billion. During the same quarter last year, the business posted $0.49 earnings per share. The business’s revenue for the quarter was down 3.7% on a year-over-year basis. Sell-side analysts expect that Hub Group will post 1.91 EPS for the current fiscal year.

Hub Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, December 6th will be paid a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 1.04%. The ex-dividend date of this dividend is Friday, December 6th. Hub Group’s payout ratio is 28.41%.

Institutional Investors Weigh In On Hub Group

A number of institutional investors have recently bought and sold shares of the stock. Franklin Resources Inc. raised its stake in Hub Group by 1.2% during the third quarter. Franklin Resources Inc. now owns 49,148 shares of the transportation company’s stock worth $2,167,000 after purchasing an additional 595 shares during the period. Geode Capital Management LLC raised its position in shares of Hub Group by 0.7% in the 3rd quarter. Geode Capital Management LLC now owns 1,482,308 shares of the transportation company’s stock worth $67,383,000 after buying an additional 10,328 shares during the period. Barclays PLC raised its position in shares of 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 during the period. Y Intercept Hong Kong Ltd acquired a new position in Hub Group in the third quarter valued at $286,000. Finally, XTX Topco Ltd purchased a new stake in Hub Group during the third quarter valued at about $481,000. 46.77% of the stock is currently 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.