Hub Group, Inc. (NASDAQ:HUBG) Given Average Rating of “Hold” by Brokerages

Shares of Hub Group, Inc. (NASDAQ:HUBG) have earned a consensus recommendation of “Hold” from the twelve ratings firms that are presently covering the firm, MarketBeat.com reports. Nine 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 issued ratings on the stock in the last year is $46.83.

A number of equities analysts have recently commented on HUBG shares. Evercore ISI boosted their price objective on Hub Group from $41.00 to $43.00 and gave the stock an “in-line” rating in a research report on Thursday, October 3rd. Benchmark reissued a “buy” rating and issued a $47.00 price objective on shares of Hub Group in a research report on Friday, November 1st. TD Cowen lifted their price objective on shares of Hub Group from $43.00 to $49.00 and gave the stock a “hold” rating in a research report on Thursday, October 31st. Barclays increased their target price on Hub Group from $42.00 to $52.00 and gave the company an “equal weight” rating in a report on Wednesday, November 13th. Finally, Susquehanna lowered their price objective on Hub Group from $50.00 to $48.00 and set a “neutral” rating for the company in a research report on Friday, November 1st.

Hub Group Trading Down 0.1 %

NASDAQ HUBG opened at $50.00 on Wednesday. Hub Group has a one year low of $36.88 and a one year high of $50.83. The firm has a 50 day simple moving average of $45.15 and a 200-day simple moving average of $44.18. The firm has a market cap of $3.07 billion, a price-to-earnings ratio of 28.41 and a beta of 0.89. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.30 and a current ratio of 1.30.

Hub Group (NASDAQ:HUBG) last posted its quarterly earnings data on Wednesday, October 30th. The transportation company reported $0.52 earnings per share for the quarter, topping 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 for the quarter, compared to analyst estimates of $1.06 billion. During the same quarter in the prior year, the company earned $0.49 earnings per share. The company’s revenue was down 3.7% on a year-over-year basis. Equities research analysts anticipate that Hub Group will post 1.91 EPS for the current fiscal year.

Hub Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 25th. Stockholders 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 dividend on an annualized basis and a dividend yield of 1.00%. Hub Group’s dividend payout ratio (DPR) is presently 28.41%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. increased its position in Hub Group by 99.1% in the 1st quarter. Vanguard Group Inc. now owns 6,883,930 shares of the transportation company’s stock valued at $297,523,000 after acquiring an additional 3,427,047 shares during the period. State Street Corp increased its holdings in shares of Hub Group by 0.8% in the third quarter. State Street Corp now owns 2,489,503 shares of the transportation company’s stock valued at $113,148,000 after purchasing an additional 20,215 shares during the period. Pacer Advisors Inc. raised its stake in shares of Hub Group by 0.4% during the second quarter. Pacer Advisors Inc. now owns 2,356,564 shares of the transportation company’s stock worth $101,450,000 after purchasing an additional 8,700 shares during the last quarter. Select Equity Group L.P. lifted its holdings in shares of Hub Group by 19.4% during the second 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 during the period. Finally, Geode Capital Management LLC grew its position in 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 valued at $67,383,000 after buying an additional 10,328 shares during the last quarter. 46.77% of the stock is currently owned by institutional investors and hedge funds.

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.