Brokerages Set Hub Group, Inc. (NASDAQ:HUBG) Price Target at $45.35

Hub Group, Inc. (NASDAQ:HUBG) has earned an average rating of “Hold” from the thirteen research firms that are presently covering the firm, MarketBeat Ratings reports. Nine equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $45.35.

A number of research firms have weighed in on HUBG. Stifel Nicolaus cut their price objective on shares of Hub Group from $45.00 to $43.00 and set a “buy” rating on the stock in a report on Tuesday, August 6th. UBS Group upped their price target on Hub Group from $42.00 to $48.00 and gave the stock a “neutral” rating in a research note on Friday, August 2nd. Benchmark restated a “buy” rating and issued a $49.00 price objective on shares of Hub Group in a research report on Tuesday, July 9th. Susquehanna reduced their target price on Hub Group from $45.00 to $44.00 and set a “neutral” rating for the company in a report on Friday, August 2nd. Finally, TD Cowen lowered Hub Group from a “buy” rating to a “hold” rating and decreased their price target for the stock from $50.00 to $43.00 in a research note on Thursday, July 18th.

Hub Group Stock Up 0.6 %

Shares of HUBG opened at $44.10 on Friday. The company’s 50-day moving average price is $44.16 and its 200 day moving average price is $42.94. Hub Group has a 12-month low of $31.73 and a 12-month high of $48.39. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 0.13. The firm has a market cap of $2.74 billion, a P/E ratio of 20.95 and a beta of 0.89.

Hub Group (NASDAQ:HUBG) last released its quarterly earnings results on Thursday, August 1st. The transportation company reported $0.47 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.47. The business had revenue of $986.50 million for the quarter, compared to the consensus estimate of $1.09 billion. Hub Group had a net margin of 2.89% and a return on equity of 7.37%. The business’s revenue was down 5.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.72 EPS. On average, sell-side analysts forecast that Hub Group will post 1.93 earnings per share for the current year.

Hub Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 25th. Shareholders of record on Friday, September 6th will be paid a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 1.13%. The ex-dividend date of this dividend is Friday, September 6th. Hub Group’s payout ratio is 23.75%.

Institutional Investors Weigh In On Hub Group

A number of institutional investors have recently bought and sold shares of the stock. Family Firm Inc. acquired a new position in Hub Group in the second quarter valued at $26,000. Silicon Valley Capital Partners boosted its holdings in Hub Group by 100.6% in the first quarter. Silicon Valley Capital Partners now owns 682 shares of the transportation company’s stock valued at $29,000 after purchasing an additional 342 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. increased its holdings in Hub Group by 81.5% during the 1st quarter. Harel Insurance Investments & Financial Services Ltd. now owns 744 shares of the transportation company’s stock worth $32,000 after purchasing an additional 334 shares during the last quarter. Point72 Hong Kong Ltd acquired a new stake in shares of Hub Group during the second quarter worth approximately $34,000. Finally, Fidelis Capital Partners LLC bought a new stake in shares of Hub Group in the first quarter worth $38,000. 46.77% of the stock is currently 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.