Hub Group, Inc. (NASDAQ:HUBG) Given Consensus Rating of “Hold” by Brokerages

Shares of Hub Group, Inc. (NASDAQ:HUBG) have been given an average recommendation of “Hold” by the twelve research firms that are covering the stock, MarketBeat reports. Nine investment analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $46.83.

Several analysts recently commented on HUBG shares. 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 note on Friday, August 2nd. Stifel Nicolaus lowered their price target on Hub Group from $45.00 to $43.00 and set a “buy” rating on the stock in a report on Tuesday, August 6th. UBS Group lifted their price objective on Hub Group from $42.00 to $48.00 and gave the stock a “neutral” rating in a report on Friday, August 2nd. TD Cowen upped their target price on Hub Group from $43.00 to $49.00 and gave the company a “hold” rating in a report on Thursday, October 31st. Finally, Evercore ISI lifted their price target on Hub Group from $41.00 to $43.00 and gave the stock an “in-line” rating in a research note on Thursday, October 3rd.

Hub Group Price Performance

Shares of HUBG opened at $50.00 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 stock’s 50 day moving average is $45.15 and its two-hundred day moving average is $44.18. Hub Group has a twelve month low of $36.88 and a twelve month high of $50.83. The firm has a market capitalization of $3.07 billion, a PE ratio of 28.41 and a beta of 0.89.

Hub Group (NASDAQ:HUBG) last posted its quarterly earnings results on Wednesday, October 30th. The transportation company reported $0.52 earnings per share for the quarter, beating analysts’ consensus estimates of $0.49 by $0.03. Hub Group had a return on equity of 7.44% and a net margin of 2.74%. The firm 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. The company’s revenue for the quarter was down 3.7% compared to the same quarter last year. Research analysts anticipate that Hub Group will post 1.91 earnings per share for the current year.

Hub Group Dividend Announcement

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

Institutional Trading of Hub Group

Hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its stake in shares of Hub Group by 99.1% during 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 last quarter. State Street Corp grew its holdings in Hub Group by 0.8% in the third quarter. State Street Corp now owns 2,489,503 shares of the transportation company’s stock valued at $113,148,000 after purchasing an additional 20,215 shares during the period. Pacer Advisors Inc. increased its position in Hub Group by 0.4% during the second 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 during the last quarter. Select Equity Group L.P. boosted its holdings 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 purchasing an additional 298,390 shares during the last quarter. Finally, Geode Capital Management LLC boosted its holdings in shares of Hub Group by 0.7% in the 3rd quarter. Geode Capital Management LLC now owns 1,482,308 shares of the transportation company’s stock valued at $67,383,000 after purchasing an additional 10,328 shares during the last quarter. 46.77% of the stock is owned by institutional investors and hedge funds.

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.