Hub Group (NASDAQ:HUBG) Reaches New 52-Week High – Still a Buy?

Hub Group, Inc. (NASDAQ:HUBG) shares 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 trading hands. The stock had previously closed at $50.25.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. TD Cowen boosted their price target on shares of Hub Group from $43.00 to $49.00 and gave the company a “hold” rating in a research report on Thursday, October 31st. Evercore ISI lifted their price objective on shares of Hub Group from $41.00 to $43.00 and gave the company an “in-line” rating in a research note on Thursday, October 3rd. Stifel Nicolaus dropped their price target on shares of Hub Group from $45.00 to $43.00 and set a “buy” rating on the stock in a research note on Tuesday, August 6th. JPMorgan Chase & Co. boosted their price target on shares of Hub Group from $43.00 to $51.00 and gave the stock a “neutral” rating in a research note on Friday, August 2nd. Finally, Benchmark reiterated a “buy” rating and set a $47.00 price target on shares of Hub Group in a research note on Friday, November 1st. Ten research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, Hub Group currently has a consensus rating of “Hold” and a consensus price target of $46.83.

Hub Group Stock Up 2.1 %

The company has a debt-to-equity ratio of 0.12, a current ratio of 1.30 and a quick ratio of 1.30. The firm’s 50-day simple moving average is $45.51 and its two-hundred day simple moving average is $44.32. The company has a market capitalization of $3.13 billion, a price-to-earnings ratio of 28.98 and a beta of 0.89.

Hub Group (NASDAQ:HUBG) last announced its quarterly earnings results on Wednesday, October 30th. The transportation company reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.49 by $0.03. Hub Group had a net margin of 2.74% and a return on equity of 7.44%. The company had revenue of $986.89 million for the quarter, compared to the consensus estimate of $1.06 billion. During the same quarter in the prior year, the firm earned $0.49 earnings per share. The company’s revenue for the quarter was down 3.7% compared to the same quarter last year. Sell-side analysts predict that Hub Group, Inc. will post 1.91 EPS for the current fiscal year.

Hub Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 25th. Investors of record on Friday, September 6th were paid a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 0.98%. The ex-dividend date was Friday, September 6th. Hub Group’s payout ratio is 28.41%.

Hedge Funds Weigh In On Hub Group

Institutional investors and hedge funds have recently modified their holdings of the company. Family Firm Inc. purchased a new position in shares of Hub Group during the second quarter valued at approximately $26,000. GAMMA Investing LLC lifted its stake in shares of Hub Group by 65.0% during the third quarter. GAMMA Investing LLC now owns 711 shares of the transportation company’s stock valued at $32,000 after buying an additional 280 shares during the period. Point72 Hong Kong Ltd purchased a new position in shares of Hub Group during the second quarter valued at approximately $34,000. EntryPoint Capital LLC purchased a new position in shares of Hub Group during the first quarter valued at approximately $52,000. Finally, Innealta Capital LLC purchased a new position in shares of Hub Group during the second quarter valued at approximately $70,000. 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.