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

Hub Group, Inc. (NASDAQ:HUBG) has received a consensus rating of “Hold” from the eleven brokerages that are covering the company, Marketbeat.com reports. Eight analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $48.27.

A number of equities analysts recently weighed in on the stock. Susquehanna raised shares of Hub Group from a “neutral” rating to a “positive” rating and set a $55.00 target price for the company in a research note on Friday, January 3rd. Benchmark lifted their target price on shares of Hub Group from $47.00 to $49.00 and gave the stock a “buy” rating in a research note on Friday, January 10th. TD Cowen lifted their price target on shares of Hub Group from $43.00 to $49.00 and gave the company a “hold” rating in a research note on Thursday, October 31st. Stifel Nicolaus lifted their price target on shares of Hub Group from $46.00 to $53.00 and gave the company a “buy” rating in a research note on Thursday, January 23rd. Finally, Barclays lifted their price target on shares of Hub Group from $42.00 to $52.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 13th.

Hub Group Price Performance

Shares of NASDAQ HUBG opened at $44.61 on Monday. Hub Group has a twelve month low of $38.07 and a twelve month high of $53.21. The firm has a fifty day simple moving average of $46.74 and a 200 day simple moving average of $45.59. The company has a market capitalization of $2.74 billion, a PE ratio of 25.35 and a beta of 0.94. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 0.12.

Hub Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, December 6th were given a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 1.12%. The ex-dividend date of this dividend was 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 added to or reduced their stakes in the company. Cardinal Capital Management grew its position in shares of Hub Group by 3.0% during the 4th quarter. Cardinal Capital Management now owns 46,374 shares of the transportation company’s stock valued at $2,066,000 after acquiring an additional 1,332 shares during the period. Stephens Investment Management Group LLC grew its position in shares of Hub Group by 13.8% during the 4th quarter. Stephens Investment Management Group LLC now owns 326,055 shares of the transportation company’s stock valued at $14,529,000 after acquiring an additional 39,624 shares during the period. Retirement Systems of Alabama grew its position in shares of Hub Group by 8.8% during the 4th quarter. Retirement Systems of Alabama now owns 105,844 shares of the transportation company’s stock valued at $4,716,000 after acquiring an additional 8,594 shares during the period. Highland Capital Management LLC grew its position in shares of Hub Group by 6.6% during the 4th quarter. Highland Capital Management LLC now owns 5,424 shares of the transportation company’s stock valued at $242,000 after acquiring an additional 338 shares during the period. Finally, KBC Group NV lifted its stake in shares of Hub Group by 35.3% during the 4th quarter. KBC Group NV now owns 2,568 shares of the transportation company’s stock valued at $114,000 after buying an additional 670 shares in the last quarter. 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.