Evercore ISI Reiterates In-Line Rating for Hub Group (NASDAQ:HUBG)

Evercore ISI reaffirmed their in-line rating on shares of Hub Group (NASDAQ:HUBG) in a research note issued to investors on Tuesday, Marketbeat reports. The brokerage currently has a $44.00 price target on the transportation company’s stock.

Several other analysts also recently weighed in on the company. StockNews.com upgraded Hub Group from a sell rating to a hold rating in a research report on Friday, March 1st. Susquehanna dropped their price objective on Hub Group from $49.00 to $46.00 and set a neutral rating for the company in a research report on Monday, March 25th. Benchmark reiterated a buy rating and issued a $49.00 target price on shares of Hub Group in a research report on Friday, April 26th. BMO Capital Markets dropped their target price on Hub Group from $48.00 to $45.00 and set a market perform rating for the company in a research report on Friday, April 26th. Finally, Stephens dropped their target price on Hub Group from $44.00 to $42.00 and set an equal weight rating for the company in a research report on Friday, April 26th. Eight equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Hub Group has a consensus rating of Hold and a consensus price target of $46.54.

Hub Group Stock Performance

HUBG opened at $42.76 on Tuesday. The firm has a market cap of $2.66 billion, a P/E ratio of 20.31 and a beta of 0.90. Hub Group has a 52-week low of $31.73 and a 52-week high of $47.58. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.28 and a current ratio of 1.28. The business’s fifty day moving average is $42.52 and its 200-day moving average is $43.21.

Hub Group (NASDAQ:HUBG) last announced its quarterly earnings data on Thursday, April 25th. The transportation company reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.40 by $0.04. Hub Group had a return on equity of 8.48% and a net margin of 3.28%. The business had revenue of $1,000.00 million during the quarter, compared to the consensus estimate of $1.05 billion. During the same period in the prior year, the company earned $0.94 EPS. Hub Group’s revenue for the quarter was down 16.7% on a year-over-year basis. Sell-side analysts expect that Hub Group will post 2.02 EPS for the current fiscal year.

Hub Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 26th. Stockholders of record on Friday, June 7th were given a dividend of $0.125 per share. The ex-dividend date was Friday, June 7th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.17%. Hub Group’s dividend payout ratio (DPR) is 23.75%.

Hedge Funds Weigh In On Hub Group

A number of hedge funds have recently made changes to their positions in the stock. Parkside Financial Bank & Trust grew its stake in Hub Group by 20.3% during the third quarter. Parkside Financial Bank & Trust now owns 861 shares of the transportation company’s stock worth $68,000 after purchasing an additional 145 shares during the period. Cardinal Capital Management grew its stake in Hub Group by 1.1% during the fourth quarter. Cardinal Capital Management now owns 16,193 shares of the transportation company’s stock worth $1,489,000 after purchasing an additional 177 shares during the period. Harel Insurance Investments & Financial Services Ltd. grew its stake in Hub Group by 81.5% during the first quarter. Harel Insurance Investments & Financial Services Ltd. now owns 744 shares of the transportation company’s stock worth $32,000 after purchasing an additional 334 shares during the period. Silicon Valley Capital Partners grew its stake in Hub Group by 100.6% during the first quarter. Silicon Valley Capital Partners now owns 682 shares of the transportation company’s stock worth $29,000 after purchasing an additional 342 shares during the period. Finally, Anchor Investment Management LLC acquired a new stake in Hub Group during the fourth quarter worth approximately $37,000. 46.77% of the stock is currently owned by institutional investors.

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.