Hub Group (NASDAQ:HUBG) Price Target Raised to $50.00 at Benchmark

Hub Group (NASDAQ:HUBG) had its price objective raised by Benchmark from $40.00 to $50.00 in a research report released on Friday, Marketbeat reports. The brokerage currently has a buy rating on the transportation company’s stock.

A number of other research analysts have also weighed in on the stock. Zacks Research raised shares of Hub Group from a “strong sell” rating to a “hold” rating in a research report on Monday, December 1st. Robert W. Baird set a $47.00 price objective on Hub Group in a research report on Tuesday, January 6th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Hub Group in a report on Monday, December 29th. Morgan Stanley set a $46.00 price target on Hub Group and gave the stock an “equal weight” rating in a research report on Monday, December 8th. Finally, Barclays reissued an “overweight” rating and issued a $48.00 price objective (up from $38.00) on shares of Hub Group in a research report on Thursday, January 15th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat, Hub Group presently has an average rating of “Moderate Buy” and a consensus price target of $46.20.

Hub Group Stock Down 1.7%

HUBG opened at $47.43 on Friday. The firm has a market cap of $2.90 billion, a P/E ratio of 27.42, a price-to-earnings-growth ratio of 1.38 and a beta of 1.14. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.47 and a current ratio of 1.47. The business has a 50 day moving average price of $42.65 and a 200 day moving average price of $38.06. Hub Group has a twelve month low of $30.75 and a twelve month high of $48.89.

Hub Group (NASDAQ:HUBG) last released its quarterly earnings results on Thursday, October 30th. The transportation company reported $0.49 EPS for the quarter, meeting analysts’ consensus estimates of $0.49. Hub Group had a net margin of 2.82% and a return on equity of 6.58%. The company had revenue of $934.50 million for the quarter, compared to analyst estimates of $937.78 million. During the same quarter last year, the firm posted $0.52 earnings per share. The company’s quarterly revenue was down 5.3% compared to the same quarter last year. Hub Group has set its FY 2025 guidance at 1.800-1.900 EPS. Research analysts forecast that Hub Group will post 2.2 EPS for the current year.

Hub Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 17th. Investors of record on Friday, December 5th were given a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend was Friday, December 5th. Hub Group’s dividend payout ratio (DPR) is 28.90%.

Insiders Place Their Bets

In other Hub Group news, CEO Phillip D. Yeager sold 32,000 shares of the business’s stock in a transaction on Thursday, December 11th. The shares were sold at an average price of $43.68, for a total value of $1,397,760.00. Following the sale, the chief executive officer owned 168,315 shares of the company’s stock, valued at $7,351,999.20. The trade was a 15.97% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Gary Yablon acquired 4,566 shares of Hub Group stock in a transaction dated Thursday, December 11th. The shares were acquired at an average cost of $43.73 per share, with a total value of $199,671.18. Following the completion of the acquisition, the director directly owned 32,778 shares in the company, valued at $1,433,381.94. This trade represents a 16.18% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 3.48% of the stock is owned by insiders.

Institutional Investors Weigh In On Hub Group

A number of institutional investors have recently added to or reduced their stakes in HUBG. Frazier Financial Advisors LLC acquired a new position in shares of Hub Group in the 3rd quarter worth approximately $35,000. Quarry LP grew its position in Hub Group by 271.5% in the third quarter. Quarry LP now owns 1,107 shares of the transportation company’s stock valued at $38,000 after acquiring an additional 809 shares during the period. Smartleaf Asset Management LLC grew its position in Hub Group by 33.4% in the second quarter. Smartleaf Asset Management LLC now owns 1,282 shares of the transportation company’s stock valued at $44,000 after acquiring an additional 321 shares during the period. GAMMA Investing LLC raised its stake in Hub Group by 161.9% during the second quarter. GAMMA Investing LLC now owns 1,375 shares of the transportation company’s stock worth $46,000 after acquiring an additional 850 shares in the last quarter. Finally, NewEdge Advisors LLC lifted its holdings in shares of Hub Group by 333.8% during the second quarter. NewEdge Advisors LLC now owns 1,488 shares of the transportation company’s stock valued at $50,000 after acquiring an additional 1,145 shares during the period. 46.77% of the stock is owned by institutional investors and hedge funds.

Hub Group Company Profile

Hub Group, Inc (NASDAQ: HUBG) is a leading supply chain solutions provider headquartered in Oak Brook, Illinois. Founded in 1971 as Hub City Terminals and renamed Hub Group in 1978, the company completed its initial public offering in 2007. Over the decades, Hub Group has developed a comprehensive multimodal transportation network, leveraging partnerships with major rail carriers and an extensive drayage fleet to offer cost-efficient, sustainable shipping alternatives.

The company operates through two primary segments: Intermodal and Transportation Management.