Susquehanna Cuts Hub Group (NASDAQ:HUBG) Price Target to $46.00

Hub Group (NASDAQ:HUBG) had its target price trimmed by Susquehanna from $49.00 to $46.00 in a research report sent to investors on Monday, Benzinga reports. The brokerage currently has a neutral rating on the transportation company’s stock.

Other research analysts also recently issued research reports about the stock. JPMorgan Chase & Co. upped their price objective on shares of Hub Group from $43.50 to $46.00 and gave the stock a neutral rating in a research report on Tuesday, January 9th. Stifel Nicolaus raised their price objective on Hub Group from $49.50 to $52.00 and gave the company a buy rating in a report on Wednesday, January 10th. TD Cowen boosted their price objective on Hub Group from $52.00 to $54.00 and gave the company an outperform rating in a research report on Friday, February 2nd. Wells Fargo & Company increased their target price on Hub Group from $45.00 to $50.00 and gave the company an overweight rating in a research report on Friday, February 2nd. Finally, Morgan Stanley lifted their price target on shares of Hub Group from $43.00 to $44.00 and gave the company an equal weight rating in a research note on Monday, February 12th. Six analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, Hub Group currently has an average rating of Hold and a consensus target price of $46.75.

Hub Group Trading Up 3.8 %

Hub Group stock opened at $42.95 on Monday. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.15. Hub Group has a 52 week low of $31.73 and a 52 week high of $47.58. The stock has a 50-day moving average price of $43.68 and a 200 day moving average price of $41.39. The company has a market capitalization of $2.70 billion, a price-to-earnings ratio of 16.49 and a beta of 0.89.

Hub Group (NASDAQ:HUBG) last issued its quarterly earnings data on Thursday, February 1st. The transportation company reported $0.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.52 by $0.02. Hub Group had a return on equity of 10.56% and a net margin of 3.99%. The business had revenue of $985.60 million during the quarter, compared to analysts’ expectations of $997.67 million. During the same quarter in the previous year, the firm posted $2.42 EPS. The company’s revenue for the quarter was down 23.3% on a year-over-year basis. Sell-side analysts anticipate that Hub Group will post 2.26 EPS for the current year.

Hub Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 27th. Stockholders of record on Friday, March 8th were issued a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 1.16%. The ex-dividend date was Thursday, March 7th. Hub Group’s dividend payout ratio is currently 19.19%.

Institutional Investors Weigh In On Hub Group

Several hedge funds and other institutional investors have recently made changes to their positions in HUBG. Royal Bank of Canada boosted its stake in Hub Group by 3.6% during the third quarter. Royal Bank of Canada now owns 3,704 shares of the transportation company’s stock worth $255,000 after buying an additional 127 shares during the last quarter. Captrust Financial Advisors boosted its position in shares of Hub Group by 3.6% during the 3rd quarter. Captrust Financial Advisors now owns 4,010 shares of the transportation company’s stock valued at $277,000 after acquiring an additional 140 shares during the last quarter. Parkside Financial Bank & Trust grew its holdings in shares of Hub Group by 20.3% in the third quarter. Parkside Financial Bank & Trust now owns 861 shares of the transportation company’s stock valued at $68,000 after purchasing an additional 145 shares during the period. Ameritas Investment Partners Inc. increased its position in Hub Group by 6.0% during the second quarter. Ameritas Investment Partners Inc. now owns 2,713 shares of the transportation company’s stock worth $218,000 after purchasing an additional 154 shares during the last quarter. Finally, Cardinal Capital Management raised 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. 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.