Hub Group, Inc. (NASDAQ:HUBG) Receives Consensus Recommendation of “Hold” from Brokerages

Shares of Hub Group, Inc. (NASDAQ:HUBG) have received a consensus recommendation of “Hold” from the seventeen analysts that are presently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, nine have given a hold recommendation and seven have given a buy recommendation to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $43.1429.

A number of analysts have recently issued reports on HUBG shares. Stifel Nicolaus lifted their target price on Hub Group from $27.00 to $29.00 and gave the stock a “sell” rating in a research report on Thursday, April 2nd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Hub Group in a research report on Friday, March 27th. Raymond James Financial reaffirmed an “outperform” rating and set a $48.00 target price on shares of Hub Group in a research report on Wednesday, April 15th. Wells Fargo & Company reiterated an “equal weight” rating and issued a $35.00 price target (down from $55.00) on shares of Hub Group in a research note on Thursday, March 26th. Finally, Zacks Research upgraded Hub Group from a “strong sell” rating to a “hold” rating in a research note on Monday, April 13th.

Hub Group Stock Down 3.5%

Shares of NASDAQ HUBG opened at $43.63 on Thursday. Hub Group has a 1 year low of $32.46 and a 1 year high of $53.26. The firm has a market cap of $2.67 billion, a price-to-earnings ratio of 25.22, a PEG ratio of 1.29 and a beta of 1.23. 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 stock’s 50-day simple moving average is $41.96 and its 200-day simple moving average is $42.04.

Hub Group Dividend Announcement

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

Hedge Funds Weigh In On Hub Group

A number of hedge funds have recently bought and sold shares of the company. Dimensional Fund Advisors LP grew its stake in Hub Group by 0.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 4,098,160 shares of the transportation company’s stock worth $174,625,000 after purchasing an additional 35,866 shares in the last quarter. Capital International Investors grew its stake in Hub Group by 16.9% in the fourth quarter. Capital International Investors now owns 3,465,688 shares of the transportation company’s stock worth $147,673,000 after purchasing an additional 501,955 shares in the last quarter. Wellington Management Group LLP acquired a new position in Hub Group in the fourth quarter worth about $139,588,000. State Street Corp grew its stake in Hub Group by 1.0% in the fourth quarter. State Street Corp now owns 2,466,866 shares of the transportation company’s stock worth $105,113,000 after purchasing an additional 25,148 shares in the last quarter. Finally, Invesco Ltd. grew its stake in Hub Group by 8.1% in the fourth quarter. Invesco Ltd. now owns 2,118,108 shares of the transportation company’s stock worth $90,253,000 after purchasing an additional 159,174 shares in the last quarter. 46.77% of the stock is currently owned by institutional investors and hedge funds.

About Hub Group

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.