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

Shares of Hub Group, Inc. (NASDAQ:HUBG) have been assigned a consensus rating of “Hold” from the twelve ratings firms that are currently covering the firm, Marketbeat Ratings reports. Seven analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $46.54.

Several equities research analysts recently issued reports on the company. Evercore ISI reissued an “in-line” rating and issued a $44.00 price objective on shares of Hub Group in a research note on Tuesday. BMO Capital Markets reduced their price objective on Hub Group from $48.00 to $45.00 and set a “market perform” rating for the company in a research note on Friday, April 26th. StockNews.com raised Hub Group from a “sell” rating to a “hold” rating in a research note on Friday, March 1st. Susquehanna reduced their price objective on Hub Group from $49.00 to $46.00 and set a “neutral” rating for the company in a research note on Monday, March 25th. Finally, Stephens reduced their price objective on Hub Group from $44.00 to $42.00 and set an “equal weight” rating for the company in a research note on Friday, April 26th.

Hub Group Trading Down 1.0 %

Shares of NASDAQ HUBG opened at $42.76 on Friday. Hub Group has a 12 month low of $31.73 and a 12 month high of $47.58. The company has a market cap of $2.66 billion, a price-to-earnings ratio of 20.31 and a beta of 0.90. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.14. The business has a fifty day simple moving average of $42.52 and a 200-day simple moving average of $43.21.

Hub Group (NASDAQ:HUBG) last announced its earnings results on Thursday, April 25th. The transportation company reported $0.44 EPS for the quarter, beating 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 business posted $0.94 earnings per share. Hub Group’s revenue was down 16.7% compared to the same quarter last year. Sell-side analysts predict that Hub Group will post 2.02 EPS for the current year.

Hub Group Announces Dividend

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

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in HUBG. Invesco Ltd. increased its holdings in shares of Hub Group by 5.9% during the 3rd quarter. Invesco Ltd. now owns 728,542 shares of the transportation company’s stock valued at $57,220,000 after acquiring an additional 40,578 shares during the last quarter. Aigen Investment Management LP acquired a new stake in Hub Group in the 3rd quarter valued at approximately $203,000. Federated Hermes Inc. grew its holdings in Hub Group by 2,847.7% in the 3rd quarter. Federated Hermes Inc. now owns 19,219 shares of the transportation company’s stock valued at $1,509,000 after buying an additional 18,567 shares during the last quarter. Parkside Financial Bank & Trust grew its holdings in Hub Group by 20.3% in the 3rd quarter. Parkside Financial Bank & Trust now owns 861 shares of the transportation company’s stock valued at $68,000 after buying an additional 145 shares during the last quarter. Finally, Trexquant Investment LP acquired a new stake in Hub Group in the 3rd quarter valued at approximately $290,000. 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.