Hub Group (NASDAQ:HUBG) Price Target Raised to $29.00

Hub Group (NASDAQ:HUBG) had its price objective upped by Stifel Nicolaus from $27.00 to $29.00 in a research note issued to investors on Thursday morning,Benzinga reports. The firm currently has a sell rating on the transportation company’s stock.

Several other research analysts also recently weighed in on HUBG. Wolfe Research reiterated an “outperform” rating and issued a $50.00 price target on shares of Hub Group in a research report on Thursday, January 8th. Benchmark upped their price objective on Hub Group from $40.00 to $50.00 and gave the stock a “buy” rating in a research note on Friday, January 23rd. Susquehanna raised their target price on Hub Group from $42.00 to $55.00 and gave the stock a “positive” rating in a report on Thursday, January 8th. JPMorgan Chase & Co. lifted their target price on Hub Group from $42.00 to $50.00 and gave the company a “neutral” rating in a research report on Monday, January 12th. Finally, Zacks Research lowered Hub Group from a “hold” rating to a “strong sell” rating in a report on Friday, March 13th. Seven investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $43.33.

Hub Group Price Performance

Shares of NASDAQ HUBG opened at $36.50 on Thursday. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 0.09. The firm has a market capitalization of $2.23 billion, a P/E ratio of 21.10, a P/E/G ratio of 1.15 and a beta of 1.16. The stock’s 50-day simple moving average is $40.65 and its two-hundred day simple moving average is $39.76. Hub Group has a twelve month low of $30.75 and a twelve month high of $53.26.

Hub Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 25th. Stockholders of record on Friday, March 13th were given a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 1.4%. The ex-dividend date was Friday, March 13th. Hub Group’s payout ratio is presently 28.90%.

Institutional Trading of Hub Group

Several institutional investors have recently made changes to their positions in HUBG. Northwestern Mutual Wealth Management Co. lifted its holdings in Hub Group by 265.9% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 644 shares of the transportation company’s stock worth $27,000 after purchasing an additional 468 shares in the last quarter. Torren Management LLC bought a new position in Hub Group in the 4th quarter worth approximately $31,000. Frazier Financial Advisors LLC bought a new position in Hub Group in the 3rd quarter worth approximately $35,000. Quarry LP grew its holdings in Hub Group by 271.5% during the 3rd quarter. Quarry LP now owns 1,107 shares of the transportation company’s stock valued at $38,000 after buying an additional 809 shares in the last quarter. Finally, Smartleaf Asset Management LLC grew its holdings in Hub Group by 33.4% during the 2nd quarter. Smartleaf Asset Management LLC now owns 1,282 shares of the transportation company’s stock valued at $44,000 after buying an additional 321 shares in the last quarter. Hedge funds and other institutional investors own 46.77% of the company’s stock.

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.