Hub Group (NASDAQ:HUBG) Price Target Raised to $53.00

Hub Group (NASDAQ:HUBG) had its price objective increased by Stifel Nicolaus from $46.00 to $53.00 in a research note issued to investors on Thursday,Benzinga reports. The firm currently has a buy rating on the transportation company’s stock.

Other analysts have also issued research reports about the company. Susquehanna raised Hub Group from a “neutral” rating to a “positive” rating and set a $55.00 price target on the stock in a research note on Friday, January 3rd. TD Cowen boosted their target price on shares of Hub Group from $43.00 to $49.00 and gave the company a “hold” rating in a research note on Thursday, October 31st. Evercore ISI increased their target price on shares of Hub Group from $41.00 to $43.00 and gave the stock an “in-line” rating in a research report on Thursday, October 3rd. Benchmark boosted their price target on shares of Hub Group from $47.00 to $49.00 and gave the company a “buy” rating in a research report on Friday, January 10th. Finally, Barclays raised their price objective on shares of Hub Group from $42.00 to $52.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 13th. Nine analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $48.42.

Hub Group Trading Down 0.5 %

Shares of Hub Group stock opened at $45.22 on Thursday. Hub Group has a 52-week low of $38.07 and a 52-week high of $53.21. The firm has a market capitalization of $2.77 billion, a PE ratio of 25.69 and a beta of 0.94. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.30 and a quick ratio of 1.30. The company’s fifty day moving average price is $47.25 and its two-hundred day moving average price is $45.57.

Hub Group (NASDAQ:HUBG) last posted its earnings results on Wednesday, October 30th. The transportation company reported $0.52 earnings per share for the quarter, beating analysts’ consensus estimates of $0.49 by $0.03. The business had revenue of $986.89 million for the quarter, compared to analysts’ expectations of $1.06 billion. Hub Group had a net margin of 2.74% and a return on equity of 7.44%. The firm’s revenue for the quarter was down 3.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.49 earnings per share. On average, analysts expect that Hub Group will post 1.91 EPS for the current year.

Hub Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, December 6th were given a $0.125 dividend. The ex-dividend date of this dividend was Friday, December 6th. This represents a $0.50 dividend on an annualized basis and a yield of 1.11%. Hub Group’s payout ratio is 28.41%.

Hedge Funds Weigh In On Hub Group

Large investors have recently made changes to their positions in the company. Envestnet Asset Management Inc. raised its holdings in Hub Group by 12.5% during the 2nd quarter. Envestnet Asset Management Inc. now owns 81,759 shares of the transportation company’s stock worth $3,520,000 after purchasing an additional 9,101 shares during the last quarter. Vanguard Personalized Indexing Management LLC bought a new stake in shares of Hub Group during the second quarter worth approximately $249,000. Intech Investment Management LLC bought a new stake in shares of Hub Group during the second quarter worth approximately $493,000. Sei Investments Co. lifted its holdings in Hub Group by 44.1% in the second quarter. Sei Investments Co. now owns 40,465 shares of the transportation company’s stock valued at $1,742,000 after buying an additional 12,380 shares during the period. Finally, Public Sector Pension Investment Board boosted its stake in Hub Group by 6.3% in the second quarter. Public Sector Pension Investment Board now owns 135,874 shares of the transportation company’s stock valued at $5,849,000 after acquiring an additional 8,002 shares during the last quarter. Institutional investors and hedge funds own 46.77% of the company’s stock.

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.