Hub Group, Inc. (NASDAQ:HUBG) Given Average Recommendation of “Hold” by Brokerages

Hub Group, Inc. (NASDAQ:HUBG) has been given a consensus recommendation of “Hold” by the seventeen research firms that are covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and eight have issued a buy rating on the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $44.5333.

Several analysts recently commented on HUBG shares. Weiss Ratings reiterated a “hold (c)” rating on shares of Hub Group in a research report on Monday, December 29th. Stifel Nicolaus set a $27.00 price objective on Hub Group and gave the company a “sell” rating in a report on Friday, February 6th. Robert W. Baird set a $29.00 target price on shares of Hub Group and gave the stock a “neutral” rating in a research note on Friday, February 6th. Susquehanna upped their target price on shares of Hub Group from $42.00 to $55.00 and gave the stock a “positive” rating in a report on Thursday, January 8th. Finally, Raymond James Financial reiterated an “outperform” rating and issued a $50.00 target price on shares of Hub Group in a research report on Monday, February 9th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Northwestern Mutual Wealth Management Co. grew its position in shares of Hub Group by 265.9% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 644 shares of the transportation company’s stock valued at $27,000 after purchasing an additional 468 shares in the last quarter. Torren Management LLC purchased a new position in Hub Group during the fourth quarter worth approximately $31,000. Frazier Financial Advisors LLC acquired a new position in Hub Group during the third quarter worth $35,000. Quarry LP boosted its stake in Hub Group by 271.5% during the third quarter. Quarry LP now owns 1,107 shares of the transportation company’s stock worth $38,000 after buying an additional 809 shares during the last quarter. Finally, Smartleaf Asset Management LLC grew its holdings in Hub Group by 33.4% in the 2nd quarter. Smartleaf Asset Management LLC now owns 1,282 shares of the transportation company’s stock valued at $44,000 after buying an additional 321 shares in the last quarter. 46.77% of the stock is currently owned by institutional investors and hedge funds.

Hub Group Price Performance

NASDAQ:HUBG opened at $34.30 on Tuesday. Hub Group has a 12 month low of $30.75 and a 12 month high of $53.26. The stock has a 50 day moving average of $43.99 and a two-hundred day moving average of $39.93. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 0.09. The firm has a market cap of $2.10 billion, a P/E ratio of 19.83, a price-to-earnings-growth ratio of 1.08 and a beta of 1.14.

Hub Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 25th. Shareholders of record on Friday, March 13th will be issued a $0.125 dividend. The ex-dividend date is Friday, March 13th. This represents a $0.50 dividend on an annualized basis and a yield of 1.5%. Hub Group’s dividend payout ratio is presently 28.90%.

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.