Hub Group, Inc. (NASDAQ:HUBG) Receives $43.14 Average Target Price from Analysts

Hub Group, Inc. (NASDAQ:HUBG) has been given an average recommendation of “Hold” by the seventeen research firms that are covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and seven have issued a buy rating on the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $43.1429.

Several equities analysts have issued reports on HUBG shares. Wells Fargo & Company reiterated an “equal weight” rating and issued a $35.00 price objective (down from $55.00) on shares of Hub Group in a research report on Thursday, March 26th. Robert W. Baird set a $29.00 price objective on Hub Group and gave the company a “neutral” rating in a research report on Friday, February 6th. Weiss Ratings reiterated a “hold (c)” rating on shares of Hub Group in a research report on Friday, March 27th. Benchmark cut their price objective on Hub Group from $50.00 to $42.00 and set a “buy” rating for the company in a research report on Thursday, May 14th. Finally, Stifel Nicolaus lifted their price objective on Hub Group from $27.00 to $29.00 and gave the company a “sell” rating in a research report on Thursday, April 2nd.

Hub Group Trading Down 2.4%

Shares of HUBG opened at $41.54 on Friday. The stock has a fifty day moving average price of $39.74 and a two-hundred day moving average price of $41.26. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.47 and a current ratio of 1.47. Hub Group has a 52-week low of $32.46 and a 52-week high of $53.26. The company has a market cap of $2.54 billion, a price-to-earnings ratio of 24.01, a PEG ratio of 1.19 and a beta of 1.26.

Hub Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 17th. Shareholders of record on Friday, June 5th will be given a $0.125 dividend. The ex-dividend date is Friday, June 5th. This represents a $0.50 annualized dividend and a yield of 1.2%. Hub Group’s payout ratio is presently 28.90%.

Institutional Investors Weigh In On Hub Group

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Dimensional Fund Advisors LP increased its stake in shares of Hub Group by 0.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 4,098,160 shares of the transportation company’s stock valued at $174,625,000 after buying an additional 35,866 shares during the period. Capital International Investors increased its stake in shares of Hub Group by 16.9% in the 4th quarter. Capital International Investors now owns 3,465,688 shares of the transportation company’s stock valued at $147,673,000 after buying an additional 501,955 shares during the period. Wellington Management Group LLP acquired a new stake in shares of Hub Group in the 4th quarter valued at $139,588,000. State Street Corp increased its stake in shares of Hub Group by 1.0% in the 4th quarter. State Street Corp now owns 2,466,866 shares of the transportation company’s stock valued at $105,113,000 after buying an additional 25,148 shares during the period. Finally, Invesco Ltd. increased its stake in shares of Hub Group by 8.1% in the 4th quarter. Invesco Ltd. now owns 2,118,108 shares of the transportation company’s stock valued at $90,253,000 after buying an additional 159,174 shares during the period. 46.77% of the stock is owned by institutional investors and hedge funds.

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.