Hub Group, Inc. (NASDAQ:HUBG) Declares $0.13 Quarterly Dividend

Hub Group, Inc. (NASDAQ:HUBG) declared a quarterly dividend on Wednesday, March 5th, RTT News reports. Shareholders of record on Tuesday, March 18th will be given a dividend of 0.125 per share by the transportation company on Friday, March 28th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.28%.

Hub Group has a payout ratio of 17.7% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Hub Group to earn $2.77 per share next year, which means the company should continue to be able to cover its $0.50 annual dividend with an expected future payout ratio of 18.1%.

Hub Group Stock Performance

Shares of HUBG traded up $0.22 during mid-day trading on Wednesday, reaching $39.19. The company had a trading volume of 656,591 shares, compared to its average volume of 536,282. The stock has a market capitalization of $2.40 billion, a P/E ratio of 23.05 and a beta of 0.94. Hub Group has a 52-week low of $38.07 and a 52-week high of $53.21. The stock has a 50 day moving average of $43.62 and a two-hundred day moving average of $45.30. The company has a quick ratio of 1.30, a current ratio of 1.33 and a debt-to-equity ratio of 0.10.

Hub Group (NASDAQ:HUBG) last released its quarterly earnings data on Thursday, February 6th. The transportation company reported $0.48 EPS for the quarter, hitting the consensus estimate of $0.48. Hub Group had a return on equity of 7.10% and a net margin of 2.64%. On average, analysts expect that Hub Group will post 2.2 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts have weighed in on HUBG shares. Susquehanna raised shares of Hub Group from a “neutral” rating to a “positive” rating and set a $55.00 price objective for the company in a report on Friday, January 3rd. Stifel Nicolaus upped their price target on Hub Group from $46.00 to $53.00 and gave the stock a “buy” rating in a report on Thursday, January 23rd. Barclays dropped their price objective on Hub Group from $52.00 to $50.00 and set an “equal weight” rating on the stock in a report on Monday, February 10th. Finally, Benchmark upped their target price on Hub Group from $47.00 to $49.00 and gave the stock a “buy” rating in a research note on Friday, January 10th. Seven research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $48.50.

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.