Hub Group (NASDAQ:HUBG) Hits New 52-Week High – Here’s Why

Hub Group, Inc. (NASDAQ:HUBG)’s share price hit a new 52-week high on Thursday . The company traded as high as $50.85 and last traded at $50.60, with a volume of 75661 shares. The stock had previously closed at $50.25.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on HUBG. JPMorgan Chase & Co. lifted their price objective on Hub Group from $43.00 to $51.00 and gave the company a “neutral” rating in a research report on Friday, August 2nd. Barclays raised their target price on shares of Hub Group from $42.00 to $52.00 and gave the stock an “equal weight” rating in a research report on Wednesday, November 13th. UBS Group increased their price target on shares of Hub Group from $42.00 to $48.00 and gave the stock a “neutral” rating in a research note on Friday, August 2nd. Benchmark reaffirmed a “buy” rating and issued a $47.00 target price on shares of Hub Group in a research report on Friday, November 1st. Finally, TD Cowen upped their price target on Hub Group from $43.00 to $49.00 and gave the stock a “hold” rating in a research note on Thursday, October 31st. Ten investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, Hub Group presently has an average rating of “Hold” and a consensus target price of $46.83.

Hub Group Stock Down 0.7 %

The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 0.12. The firm has a 50 day moving average price of $45.27 and a two-hundred day moving average price of $44.22. The company has a market capitalization of $3.06 billion, a price-to-earnings ratio of 28.55 and a beta of 0.89.

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

Hub Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 25th. Stockholders of record on Friday, September 6th were given a dividend of $0.125 per share. The ex-dividend date of this dividend was Friday, September 6th. This represents a $0.50 annualized dividend and a dividend yield of 1.00%. Hub Group’s payout ratio is 28.41%.

Institutional Trading of Hub Group

Institutional investors and hedge funds have recently bought and sold shares of the company. Geode Capital Management LLC boosted its holdings in Hub Group by 0.7% in the third quarter. Geode Capital Management LLC now owns 1,482,308 shares of the transportation company’s stock worth $67,383,000 after purchasing an additional 10,328 shares during the period. Barclays PLC raised its stake in Hub Group by 199.6% during the third quarter. Barclays PLC now owns 117,774 shares of the transportation company’s stock worth $5,354,000 after acquiring an additional 78,467 shares during the period. Y Intercept Hong Kong Ltd acquired a new position in Hub Group in the third quarter valued at approximately $286,000. XTX Topco Ltd bought a new stake in shares of Hub Group in the 3rd quarter worth approximately $481,000. Finally, iSAM Funds UK Ltd bought a new position in Hub Group during the 3rd quarter worth $214,000. 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.