Hub Group (NASDAQ:HUBG) Given New $45.00 Price Target at BMO Capital Markets

Hub Group (NASDAQ:HUBG) had its target price decreased by BMO Capital Markets from $48.00 to $45.00 in a research report sent to investors on Friday morning, Benzinga reports. BMO Capital Markets currently has a market perform rating on the transportation company’s stock.

A number of other research firms have also commented on HUBG. Stephens dropped their price target on Hub Group from $44.00 to $42.00 and set an equal weight rating on the stock in a research report on Friday. TD Cowen raised their price target on Hub Group from $52.00 to $54.00 and gave the stock an outperform rating in a research report on Friday, February 2nd. Benchmark reissued a buy rating and issued a $49.00 target price on shares of Hub Group in a research report on Friday. Susquehanna dropped their target price on Hub Group from $49.00 to $46.00 and set a neutral rating on the stock in a research report on Monday, March 25th. Finally, Morgan Stanley lifted their target price on Hub Group from $43.00 to $44.00 and gave the company an equal weight rating in a research report on Monday, February 12th. Seven equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of Hold and a consensus target price of $46.54.

Hub Group Price Performance

Shares of HUBG opened at $39.93 on Friday. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.15. Hub Group has a 1 year low of $31.73 and a 1 year high of $47.58. The stock has a market cap of $2.51 billion, a P/E ratio of 18.97 and a beta of 0.89. The stock’s 50-day moving average price is $41.88 and its two-hundred day moving average price is $41.59.

Hub Group (NASDAQ:HUBG) last released its quarterly earnings results on Thursday, April 25th. The transportation company reported $0.44 EPS for the quarter, topping analysts’ consensus estimates of $0.40 by $0.04. The company had revenue of $1,000.00 million for the quarter, compared to analyst estimates of $1.05 billion. Hub Group had a return on equity of 8.47% and a net margin of 3.28%. Hub Group’s revenue was down 16.7% compared to the same quarter last year. During the same quarter last year, the firm posted $0.94 earnings per share. On average, equities analysts predict that Hub Group will post 2.19 earnings per share for the current year.

Hub Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 27th. Stockholders of record on Friday, March 8th were paid a dividend of $0.125 per share. The ex-dividend date of this dividend was Thursday, March 7th. This represents a $0.50 annualized dividend and a dividend yield of 1.25%. Hub Group’s dividend payout ratio is currently 23.75%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Anchor Investment Management LLC bought a new position in shares of Hub Group during the 4th quarter worth approximately $37,000. Adirondack Trust Co. bought a new position in shares of Hub Group during the 3rd quarter worth approximately $39,000. Exchange Traded Concepts LLC boosted its stake in Hub Group by 60.3% in the 3rd quarter. Exchange Traded Concepts LLC now owns 795 shares of the transportation company’s stock valued at $62,000 after purchasing an additional 299 shares during the period. Headlands Technologies LLC bought a new stake in Hub Group in the 3rd quarter valued at $63,000. Finally, Parkside Financial Bank & Trust boosted its stake in Hub Group by 20.3% in the 3rd quarter. Parkside Financial Bank & Trust now owns 861 shares of the transportation company’s stock valued at $68,000 after purchasing an additional 145 shares during the period. 46.77% of the stock is currently owned by 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.