Hub Group (NASDAQ:HUBG) PT Raised to $50.00 at Susquehanna

Hub Group (NASDAQ:HUBG) had its target price lifted by Susquehanna from $44.00 to $50.00 in a report issued on Thursday morning, Benzinga reports. The brokerage currently has a neutral rating on the transportation company’s stock.

A number of other research firms have also issued reports on HUBG. TD Cowen lowered shares of Hub Group from a buy rating to a hold rating and reduced their price target for the stock from $50.00 to $43.00 in a research report on Thursday, July 18th. Stifel Nicolaus dropped their price objective on Hub Group from $45.00 to $43.00 and set a buy rating on the stock in a report on Tuesday, August 6th. Evercore ISI reissued an in-line rating and issued a $44.00 price target on shares of Hub Group in a report on Tuesday, June 25th. Benchmark reaffirmed a buy rating and issued a $47.00 price target on shares of Hub Group in a research note on Tuesday, September 17th. Finally, JPMorgan Chase & Co. boosted their price target on Hub Group from $43.00 to $51.00 and gave the stock a neutral rating in a research report on Friday, August 2nd. Ten equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of Hold and a consensus price target of $45.65.

Hub Group Trading Up 0.6 %

Shares of NASDAQ HUBG opened at $45.18 on Thursday. The business has a fifty day moving average price of $44.52 and a 200 day moving average price of $43.16. Hub Group has a 1-year low of $31.73 and a 1-year high of $48.39. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.32 and a quick ratio of 1.32. The stock has a market capitalization of $2.82 billion, a P/E ratio of 21.51 and a beta of 0.89.

Hub Group (NASDAQ:HUBG) last announced its earnings results on Thursday, August 1st. The transportation company reported $0.47 earnings per share for the quarter, meeting the consensus estimate of $0.47. Hub Group had a net margin of 2.89% and a return on equity of 7.37%. The company had revenue of $986.50 million during the quarter, compared to the consensus estimate of $1.09 billion. During the same period last year, the firm earned $0.72 earnings per share. Hub Group’s revenue was down 5.2% compared to the same quarter last year. Equities research analysts expect that Hub Group will post 1.93 EPS for the current fiscal year.

Hub Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 25th. Investors of record on Friday, September 6th were issued a $0.125 dividend. The ex-dividend date was Friday, September 6th. This represents a $0.50 annualized dividend and a yield of 1.11%. Hub Group’s dividend payout ratio (DPR) is 23.81%.

Hedge Funds Weigh In On Hub Group

Large investors have recently bought and sold shares of the business. Illinois Municipal Retirement Fund raised its holdings in Hub Group by 105.0% during the first quarter. Illinois Municipal Retirement Fund now owns 35,192 shares of the transportation company’s stock worth $1,521,000 after purchasing an additional 18,023 shares in the last quarter. Price T Rowe Associates Inc. MD increased its stake in Hub Group by 111.3% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 42,792 shares of the transportation company’s stock valued at $1,850,000 after buying an additional 22,542 shares during the period. UniSuper Management Pty Ltd purchased a new position in Hub Group during the 1st quarter worth $567,000. Seven Eight Capital LP lifted its stake in shares of Hub Group by 509.7% in the 1st quarter. Seven Eight Capital LP now owns 25,546 shares of the transportation company’s stock worth $1,104,000 after acquiring an additional 21,356 shares during the period. Finally, Retirement Systems of Alabama boosted its holdings in Hub Group by 102.0% in the 1st quarter. Retirement Systems of Alabama now owns 104,910 shares of the transportation company’s stock valued at $4,534,000 after purchasing an additional 52,986 shares in the last quarter. Hedge funds and other institutional investors 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.