Hub Group, Inc. (NASDAQ:HUBG) Receives $46.83 Consensus PT from Brokerages

Hub Group, Inc. (NASDAQ:HUBG) has been given an average recommendation of “Hold” by the twelve brokerages that are presently covering the company, MarketBeat Ratings reports. Nine investment analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $46.83.

Several research firms have recently commented on HUBG. TD Cowen increased their price target on shares of Hub Group from $43.00 to $49.00 and gave the company a “hold” rating in a research report on Thursday, October 31st. JPMorgan Chase & Co. upped their price objective on shares of Hub Group from $43.00 to $51.00 and gave the company a “neutral” rating in a research note on Friday, August 2nd. Stifel Nicolaus reduced their price objective on shares of Hub Group from $45.00 to $43.00 and set a “buy” rating on the stock in a research note on Tuesday, August 6th. Susquehanna reduced their price objective on shares of Hub Group from $50.00 to $48.00 and set a “neutral” rating on the stock in a research note on Friday, November 1st. Finally, Benchmark reissued a “buy” rating and set a $47.00 price objective on shares of Hub Group in a research note on Friday, November 1st.

Hedge Funds Weigh In On Hub Group

A number of large investors have recently bought and sold shares of HUBG. Vanguard Group Inc. raised its stake 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 valued at $297,523,000 after acquiring an additional 3,427,047 shares during the period. Select Equity Group L.P. raised its stake in shares of Hub Group by 19.4% in the 2nd quarter. Select Equity Group L.P. now owns 1,836,354 shares of the transportation company’s stock valued at $79,055,000 after acquiring an additional 298,390 shares during the period. Point72 Asset Management L.P. purchased a new position in shares of Hub Group in the 2nd quarter valued at $4,680,000. Principal Financial Group Inc. raised its stake in shares of Hub Group by 14.3% in the 3rd quarter. Principal Financial Group Inc. now owns 783,456 shares of the transportation company’s stock valued at $35,608,000 after acquiring an additional 97,768 shares during the period. Finally, Barclays PLC raised its stake in shares of Hub Group by 199.6% in the 3rd quarter. Barclays PLC now owns 117,774 shares of the transportation company’s stock valued at $5,354,000 after acquiring an additional 78,467 shares during the period. Hedge funds and other institutional investors own 46.77% of the company’s stock.

Hub Group Trading Up 2.1 %

Shares of HUBG opened at $51.01 on Wednesday. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 0.12. The firm’s 50-day moving average is $45.51 and its two-hundred day moving average is $44.33. Hub Group has a twelve month low of $36.88 and a twelve month high of $51.11. The firm has a market capitalization of $3.13 billion, a P/E ratio of 28.98 and a beta of 0.89.

Hub Group (NASDAQ:HUBG) last released its quarterly earnings results on Wednesday, October 30th. The transportation company reported $0.52 EPS for the quarter, beating the consensus estimate of $0.49 by $0.03. The business had revenue of $986.89 million for 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 company’s quarterly revenue was down 3.7% on a year-over-year basis. During the same period in the prior year, the business earned $0.49 earnings per share. On average, research analysts predict that Hub Group will post 1.91 earnings per share for the current fiscal year.

Hub Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 25th. Shareholders of record on Friday, September 6th were paid a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 0.98%. The ex-dividend date of this dividend was Friday, September 6th. Hub Group’s dividend payout ratio is currently 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.