Hub Group (NASDAQ:HUBG) Given New $45.00 Price Target at BMO Capital Markets

Hub Group (NASDAQ:HUBG) had its price target decreased by BMO Capital Markets from $48.00 to $45.00 in a research report report published on Friday, Benzinga reports. BMO Capital Markets currently has a market perform rating on the transportation company’s stock.

HUBG has been the topic of a number of other reports. Evercore ISI cut their price objective on shares of Hub Group from $46.00 to $44.00 and set an outperform rating on the stock in a research note on Friday. Morgan Stanley upped their price target on shares of Hub Group from $43.00 to $44.00 and gave the company an equal weight rating in a report on Monday, February 12th. Susquehanna cut their price target on shares of Hub Group from $49.00 to $46.00 and set a neutral rating for the company in a report on Monday, March 25th. Stifel Nicolaus upped their price target on shares of Hub Group from $49.50 to $52.00 and gave the company a buy rating in a report on Wednesday, January 10th. Finally, Wells Fargo & Company upped their price target on shares of Hub Group from $45.00 to $50.00 and gave the company an overweight rating in a report on Friday, February 2nd. Seven analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, Hub Group currently has a consensus rating of Hold and an average price target of $46.54.

Hub Group Stock Performance

HUBG stock opened at $39.93 on Friday. Hub Group has a 1 year low of $31.73 and a 1 year high of $47.58. The stock’s fifty day moving average is $41.88 and its two-hundred day moving average is $41.59. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.29 and a current ratio of 1.29. The stock has a market capitalization of $2.51 billion, a price-to-earnings ratio of 18.97 and a beta of 0.89.

Hub Group (NASDAQ:HUBG) last issued its quarterly earnings data on Thursday, April 25th. The transportation company reported $0.44 earnings per share for the quarter, beating analysts’ consensus estimates of $0.40 by $0.04. Hub Group had a net margin of 3.28% and a return on equity of 8.47%. The business had revenue of $1,000.00 million for the quarter, compared to analysts’ expectations of $1.05 billion. During the same period in the previous year, the business earned $0.94 earnings per share. The company’s revenue was down 16.7% on a year-over-year basis. On average, research analysts predict that Hub Group will post 2.19 EPS for the current year.

Hub Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 27th. Shareholders of record on Friday, March 8th were issued a dividend of $0.125 per share. The ex-dividend date was Thursday, March 7th. This represents a $0.50 annualized dividend and a yield of 1.25%. Hub Group’s payout ratio is presently 23.75%.

Institutional Trading of Hub Group

Institutional investors and hedge funds have recently bought and sold shares of the stock. Norges Bank acquired a new position in shares of Hub Group in the 4th quarter valued at about $31,439,000. LSV Asset Management increased its holdings in shares of Hub Group by 9,049.5% in the 3rd quarter. LSV Asset Management now owns 334,962 shares of the transportation company’s stock valued at $26,308,000 after purchasing an additional 331,301 shares during the period. Pacer Advisors Inc. increased its holdings in shares of Hub Group by 54.5% in the 4th quarter. Pacer Advisors Inc. now owns 727,572 shares of the transportation company’s stock valued at $66,893,000 after purchasing an additional 256,551 shares during the period. Victory Capital Management Inc. increased its holdings in shares of Hub Group by 8.5% in the 3rd quarter. Victory Capital Management Inc. now owns 1,675,277 shares of the transportation company’s stock valued at $131,576,000 after purchasing an additional 131,193 shares during the period. Finally, Algert Global LLC increased its holdings in shares of Hub Group by 131.2% in the 3rd quarter. Algert Global LLC now owns 111,447 shares of the transportation company’s stock valued at $8,753,000 after purchasing an additional 63,253 shares during the period. Institutional investors and hedge funds own 46.77% of the company’s stock.

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.