Brokerages Set Hub Group, Inc. (NASDAQ:HUBG) PT at $46.83

Hub Group, Inc. (NASDAQ:HUBG) has been assigned a consensus recommendation of “Hold” from the twelve research firms that are currently covering the stock, Marketbeat.com reports. Nine equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $46.83.

Several brokerages have weighed in on HUBG. Barclays lifted their target price on Hub Group from $42.00 to $52.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 13th. JPMorgan Chase & Co. increased their target price on shares of Hub Group from $43.00 to $51.00 and gave the company a “neutral” rating in a research report on Friday, August 2nd. Susquehanna dropped their price target on shares of Hub Group from $50.00 to $48.00 and set a “neutral” rating on the stock in a research report on Friday, November 1st. Evercore ISI increased their price objective on shares of Hub Group from $41.00 to $43.00 and gave the company an “in-line” rating in a report on Thursday, October 3rd. Finally, Benchmark reissued a “buy” rating and set a $47.00 target price on shares of Hub Group in a report on Friday, November 1st.

Hub Group Stock Performance

Shares of HUBG opened at $52.44 on Wednesday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.30 and a current ratio of 1.30. Hub Group has a 1 year low of $36.88 and a 1 year high of $53.21. The firm has a fifty day moving average of $45.68 and a 200-day moving average of $44.40. The company has a market cap of $3.22 billion, a price-to-earnings ratio of 29.80 and a beta of 0.89.

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

Hub Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, December 6th will be given a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 0.95%. The ex-dividend date is Friday, December 6th. Hub Group’s dividend payout ratio (DPR) is presently 28.41%.

Hedge Funds Weigh In On Hub Group

Institutional investors have recently bought and sold shares of the stock. SG Americas Securities LLC acquired a new position in shares of Hub Group in the first quarter worth about $244,000. Sei Investments Co. boosted its stake in Hub Group by 102.9% in the 1st quarter. Sei Investments Co. now owns 28,085 shares of the transportation company’s stock worth $1,214,000 after purchasing an additional 14,241 shares during the period. Russell Investments Group Ltd. grew its position in Hub Group by 73.6% during the 1st quarter. Russell Investments Group Ltd. now owns 26,356 shares of the transportation company’s stock worth $1,139,000 after purchasing an additional 11,171 shares in the last quarter. US Bancorp DE raised its stake in Hub Group by 112.4% during the 1st quarter. US Bancorp DE now owns 20,514 shares of the transportation company’s stock valued at $887,000 after purchasing an additional 10,854 shares during the period. Finally, ProShare Advisors LLC raised its stake in Hub Group by 114.8% during the 1st quarter. ProShare Advisors LLC now owns 12,667 shares of the transportation company’s stock valued at $547,000 after purchasing an additional 6,770 shares during the period. 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.