Hub Group, Inc. (NASDAQ:HUBG) Receives Consensus Recommendation of “Hold” from Analysts

Shares of Hub Group, Inc. (NASDAQ:HUBG) have been given a consensus rating of “Hold” by the twelve brokerages that are covering the firm, Marketbeat Ratings reports. Nine research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $45.29.

Several equities analysts have recently issued reports on the stock. Evercore ISI boosted 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. JPMorgan Chase & Co. boosted their price target on shares of Hub Group from $43.00 to $51.00 and gave the company a “neutral” rating in a report on Friday, August 2nd. Susquehanna boosted their price target on shares of Hub Group from $44.00 to $50.00 and gave the company a “neutral” rating in a report on Thursday, September 26th. UBS Group boosted their price target on shares of Hub Group from $42.00 to $48.00 and gave the company a “neutral” rating in a report on Friday, August 2nd. Finally, TD Cowen lowered shares of Hub Group from a “buy” rating to a “hold” rating and decreased their price target for the company from $50.00 to $43.00 in a report on Thursday, July 18th.

Hub Group Price Performance

HUBG opened at $43.35 on Friday. The company has a fifty day moving average price of $44.29 and a two-hundred day moving average price of $43.37. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.32 and a current ratio of 1.32. Hub Group has a 52 week low of $31.73 and a 52 week high of $48.39. The firm has a market capitalization of $2.70 billion, a PE ratio of 23.37 and a beta of 0.88.

Hub Group (NASDAQ:HUBG) last released its earnings results on Thursday, August 1st. The transportation company reported $0.47 EPS for the quarter, hitting analysts’ consensus estimates of $0.47. Hub Group had a net margin of 2.89% and a return on equity of 7.37%. The firm had revenue of $986.50 million during the quarter, compared to analyst estimates of $1.09 billion. During the same quarter in the previous year, the business earned $0.72 EPS. The business’s quarterly revenue was down 5.2% compared to the same quarter last year. As a group, analysts anticipate that Hub Group will post 1.92 earnings per share for the current year.

Hub Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 25th. Shareholders of record on Friday, September 6th were given a dividend of $0.125 per share. The ex-dividend date of this dividend was Friday, September 6th. This represents a $0.50 annualized dividend and a yield of 1.15%. Hub Group’s dividend payout ratio (DPR) is presently 26.95%.

Institutional Investors Weigh In On Hub Group

A number of institutional investors and hedge funds have recently modified their holdings of HUBG. AlphaMark Advisors LLC raised its holdings in shares of Hub Group by 115.5% in the 1st quarter. AlphaMark Advisors LLC now owns 6,623 shares of the transportation company’s stock valued at $286,000 after purchasing an additional 3,550 shares during the period. State of Alaska Department of Revenue raised its holdings in shares of Hub Group by 98.0% in the 1st quarter. State of Alaska Department of Revenue now owns 38,004 shares of the transportation company’s stock valued at $1,642,000 after purchasing an additional 18,814 shares during the period. Maryland State Retirement & Pension System raised its holdings in shares of Hub Group by 98.3% in the 1st quarter. Maryland State Retirement & Pension System now owns 22,479 shares of the transportation company’s stock valued at $972,000 after purchasing an additional 11,143 shares during the period. Harel Insurance Investments & Financial Services Ltd. raised its holdings 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 valued at $32,000 after purchasing an additional 334 shares during the period. Finally, Retirement Systems of Alabama raised its holdings in shares of Hub Group by 102.0% in the 1st quarter. Retirement Systems of Alabama now owns 104,910 shares of the transportation company’s stock valued at $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.