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

Shares of Hub Group, Inc. (NASDAQ:HUBG) have been given a consensus rating of “Hold” by the twelve ratings firms that are currently covering the company, 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 twelve-month price target among analysts that have issued a report on the stock in the last year is $47.42.

A number of brokerages have recently weighed in on HUBG. Evercore ISI raised 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. Benchmark reissued a “buy” rating and set a $47.00 price objective on shares of Hub Group in a report on Friday, November 1st. TD Cowen boosted their target price on shares of Hub Group from $43.00 to $49.00 and gave the stock a “hold” rating in a research note on Thursday, October 31st. Susquehanna upgraded shares of Hub Group from a “neutral” rating to a “positive” rating and set a $55.00 target price on the stock in a research report on Friday, January 3rd. Finally, Barclays raised their price target on shares of Hub Group from $42.00 to $52.00 and gave the company an “equal weight” rating in a report on Wednesday, November 13th.

Institutional Trading of Hub Group

Hedge funds have recently modified their holdings of the company. GAMMA Investing LLC increased its stake in Hub Group by 65.0% in the third quarter. GAMMA Investing LLC now owns 711 shares of the transportation company’s stock valued at $32,000 after purchasing an additional 280 shares in the last quarter. Point72 Hong Kong Ltd acquired a new stake in Hub Group during the 2nd quarter worth $34,000. SG Americas Securities LLC bought a new position in Hub Group during the third quarter worth about $106,000. CWM LLC grew its stake in Hub Group by 24.8% in the third quarter. CWM LLC now owns 2,853 shares of the transportation company’s stock valued at $130,000 after acquiring an additional 567 shares during the period. Finally, nVerses Capital LLC bought a new stake in shares of Hub Group in the third quarter worth about $182,000. 46.77% of the stock is currently owned by institutional investors and hedge funds.

Hub Group Price Performance

Hub Group stock opened at $44.17 on Thursday. The business has a 50 day simple moving average of $47.87 and a 200 day simple moving average of $45.38. Hub Group has a one year low of $38.07 and a one year high of $53.21. The company has a market capitalization of $2.71 billion, a PE ratio of 25.10 and a beta of 0.94. 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 earnings results on Wednesday, October 30th. The transportation company reported $0.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.49 by $0.03. The business had revenue of $986.89 million during the quarter, compared to analysts’ expectations of $1.06 billion. Hub Group had a net margin of 2.74% and a return on equity of 7.44%. The firm’s revenue for the quarter was down 3.7% on a year-over-year basis. During the same quarter last year, the company posted $0.49 EPS. On average, sell-side analysts forecast that Hub Group will post 1.91 EPS for the current fiscal 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 paid 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 dividend yield of 1.13%. Hub Group’s dividend payout ratio (DPR) is presently 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.