Hub Group, Inc. (NASDAQ:HUBG) Receives Average Rating of “Moderate Buy” from Brokerages

Hub Group, Inc. (NASDAQ:HUBG) has earned a consensus recommendation of “Moderate Buy” from the twelve research firms that are covering the firm, Marketbeat Ratings reports. Six equities research analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 1-year price target among analysts that have covered the stock in the last year is $46.54.

HUBG has been the subject of a number of research reports. BMO Capital Markets reduced their price target on shares of Hub Group from $48.00 to $45.00 and set a “market perform” rating for the company in a research report on Friday, April 26th. Stifel Nicolaus lifted their price target on Hub Group from $49.50 to $52.00 and gave the stock a “buy” rating in a research report on Wednesday, January 10th. Evercore ISI lowered their target price on shares of Hub Group from $46.00 to $44.00 and set an “outperform” rating on the stock in a research report on Friday, April 26th. Susquehanna reduced their price target on shares of Hub Group from $49.00 to $46.00 and set a “neutral” rating for the company in a research report on Monday, March 25th. Finally, Stephens dropped their price objective on shares of Hub Group from $44.00 to $42.00 and set an “equal weight” rating on the stock in a research note on Friday, April 26th.

Hub Group Stock Performance

NASDAQ:HUBG opened at $42.54 on Friday. The firm has a market capitalization of $2.67 billion, a PE ratio of 20.21 and a beta of 0.90. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.28 and a quick ratio of 1.29. The business’s fifty day moving average price is $41.66 and its 200 day moving average price is $41.63. Hub Group has a 12 month low of $31.73 and a 12 month high of $47.58.

Hub Group (NASDAQ:HUBG) last posted its earnings results on Thursday, April 25th. The transportation company reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.40 by $0.04. The firm had revenue of $1,000.00 million during the quarter, compared to analysts’ expectations of $1.05 billion. Hub Group had a return on equity of 8.48% and a net margin of 3.28%. The firm’s revenue was down 16.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.94 earnings per share. On average, sell-side analysts anticipate that Hub Group will post 2.02 earnings per share for the current fiscal year.

Hub Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 27th. Shareholders of record on Friday, March 8th were issued a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 1.18%. The ex-dividend date was Thursday, March 7th. Hub Group’s dividend payout ratio is presently 23.75%.

Hedge Funds Weigh In On Hub Group

Large investors have recently modified their holdings of the business. Exchange Traded Concepts LLC raised its position in Hub Group by 60.3% in the third quarter. Exchange Traded Concepts LLC now owns 795 shares of the transportation company’s stock worth $62,000 after acquiring an additional 299 shares in the last quarter. Verdence Capital Advisors LLC grew its position in Hub Group by 4.0% during the third quarter. Verdence Capital Advisors LLC now owns 5,205 shares of the transportation company’s stock worth $409,000 after buying an additional 199 shares during the period. Mackenzie Financial Corp purchased a new position in Hub Group in the third quarter valued at about $591,000. Inspire Advisors LLC acquired a new stake in shares of Hub Group during the 3rd quarter valued at approximately $663,000. Finally, Hennion & Walsh Asset Management Inc. boosted its stake in shares of Hub Group by 3.0% during the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 7,292 shares of the transportation company’s stock worth $573,000 after acquiring an additional 213 shares in the last quarter. 46.77% of the stock is owned by hedge funds and other 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.