Hub Group (NASDAQ:HUBG) Reaches New 1-Year High Following Analyst Upgrade

Hub Group, Inc. (NASDAQ:HUBG)’s share price reached a new 52-week high on Thursday after Barclays raised their price target on the stock from $42.00 to $52.00. Barclays currently has an equal weight rating on the stock. Hub Group traded as high as $50.58 and last traded at $50.07, with a volume of 16116 shares traded. The stock had previously closed at $50.15.

A number of other equities analysts have also weighed in on HUBG. UBS Group upped their target price on Hub Group from $42.00 to $48.00 and gave the stock a “neutral” rating in a research note on Friday, August 2nd. Stifel Nicolaus dropped their target price on shares of Hub Group from $45.00 to $43.00 and set a “buy” rating for the company in a research report on Tuesday, August 6th. JPMorgan Chase & Co. raised their price objective on shares of Hub Group from $43.00 to $51.00 and gave the company a “neutral” rating in a research report on Friday, August 2nd. TD Cowen upped their target price 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. Finally, Evercore ISI increased 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. Ten equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $46.83.

Hedge Funds Weigh In On Hub Group

A number of large investors have recently bought and sold shares of HUBG. Vanguard Group Inc. grew its position in shares of Hub Group by 99.1% in the 1st quarter. Vanguard Group Inc. now owns 6,883,930 shares of the transportation company’s stock worth $297,523,000 after buying an additional 3,427,047 shares during the last quarter. Pacer Advisors Inc. boosted its stake in Hub Group by 0.4% in the 2nd 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 in the last quarter. Select Equity Group L.P. grew 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 valued at $79,055,000 after buying an additional 298,390 shares during the last quarter. American Century Companies Inc. boosted its stake in Hub Group by 6.1% during the 2nd quarter. American Century Companies Inc. now owns 1,322,166 shares of the transportation company’s stock valued at $56,919,000 after purchasing an additional 76,431 shares during the last quarter. Finally, Principal Financial Group Inc. increased its holdings in Hub Group by 14.3% in the 3rd quarter. Principal Financial Group Inc. now owns 783,456 shares of the transportation company’s stock worth $35,608,000 after buying an additional 97,768 shares in the last quarter. 46.77% of the stock is owned by hedge funds and other institutional investors.

Hub Group Price Performance

The stock has a market capitalization of $3.06 billion, a P/E ratio of 28.34 and a beta of 0.89. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.30 and a quick ratio of 1.30. The business’s 50 day moving average price is $44.80 and its 200 day moving average price is $43.96.

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

Hub Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 25th. Shareholders of record on Friday, September 6th were issued a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 1.00%. The ex-dividend date was Friday, September 6th. Hub Group’s dividend payout ratio (DPR) is currently 28.41%.

Hub Group Company Profile

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.