Hub Group (NASDAQ:HUBG) Rating Increased to Positive at Susquehanna

Susquehanna upgraded shares of Hub Group (NASDAQ:HUBG) from a neutral rating to a positive rating in a research report released on Friday, MarketBeat reports. The brokerage currently has $55.00 price objective on the transportation company’s stock.

A number of other analysts have also recently weighed in on the stock. Benchmark reissued a “buy” rating and issued a $47.00 target price on shares of Hub Group in a research note on Friday, November 1st. Evercore ISI upped their target price on shares of Hub Group from $41.00 to $43.00 and gave the company an “in-line” rating in a research note on Thursday, October 3rd. TD Cowen upped their target price 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. Finally, Barclays upped their target price 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. Nine analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $47.42.

Hub Group Stock Up 1.7 %

Shares of HUBG opened at $44.92 on Friday. The company has a 50-day simple moving average of $47.84 and a 200-day simple moving average of $45.35. The firm has a market capitalization of $2.76 billion, a P/E ratio of 25.52 and a beta of 0.91. 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 has a 52 week low of $38.07 and a 52 week high of $53.21.

Hub Group (NASDAQ:HUBG) last announced its quarterly earnings data on Wednesday, October 30th. The transportation company reported $0.52 EPS for the quarter, beating analysts’ consensus estimates of $0.49 by $0.03. The business had revenue of $986.89 million during the quarter, compared to analyst estimates 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 in the prior year, the business earned $0.49 earnings per share. On average, equities research analysts expect that Hub Group will post 1.91 earnings per share for the current year.

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 paid a dividend of $0.125 per share. The ex-dividend date was Friday, December 6th. This represents a $0.50 annualized dividend and a yield of 1.11%. Hub Group’s dividend payout ratio is 28.41%.

Institutional Trading of Hub Group

Several hedge funds have recently modified their holdings of HUBG. Select Equity Group L.P. grew its stake 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 purchasing an additional 298,390 shares during the last quarter. Point72 Asset Management L.P. bought a new stake in shares of Hub Group during the second quarter valued at approximately $4,680,000. Principal Financial Group Inc. grew its stake in shares of Hub Group by 14.3% during the third quarter. Principal Financial Group Inc. now owns 783,456 shares of the transportation company’s stock valued at $35,608,000 after purchasing an additional 97,768 shares during the last quarter. Barclays PLC grew its stake in shares of Hub Group by 199.6% during the third quarter. Barclays PLC now owns 117,774 shares of the transportation company’s stock valued at $5,354,000 after purchasing an additional 78,467 shares during the last quarter. Finally, American Century Companies Inc. grew its stake in shares of Hub Group by 6.1% during the second 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. 46.77% of the stock is owned by institutional investors.

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.