Hub Group, Inc. (NASDAQ:HUBG) Given Average Recommendation of “Hold” by Analysts

Hub Group, Inc. (NASDAQ:HUBG) has been given an average rating of “Hold” by the eleven analysts that are covering the company, MarketBeat.com reports. Eight investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $48.27.

A number of equities analysts have recently weighed in on the stock. Barclays lifted their price target on shares of Hub Group from $42.00 to $52.00 and gave the stock an “equal weight” rating in a research report on Wednesday, November 13th. TD Cowen lifted their target price on Hub Group from $43.00 to $49.00 and gave the stock a “hold” rating in a report on Thursday, October 31st. Benchmark increased their price target on Hub Group from $47.00 to $49.00 and gave the stock a “buy” rating in a report on Friday, January 10th. Stifel Nicolaus lifted their price objective on Hub Group from $46.00 to $53.00 and gave the company a “buy” rating in a report on Thursday, January 23rd. Finally, Susquehanna raised Hub Group from a “neutral” rating to a “positive” rating and set a $55.00 target price for the company in a research note on Friday, January 3rd.

Hub Group Stock Down 4.2 %

NASDAQ:HUBG opened at $41.45 on Monday. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 0.12. Hub Group has a 12-month low of $38.07 and a 12-month high of $53.21. The firm has a market capitalization of $2.54 billion, a P/E ratio of 24.38 and a beta of 0.94. The stock’s fifty day simple moving average is $45.84 and its 200-day simple moving average is $45.54.

Hub Group (NASDAQ:HUBG) last announced its quarterly earnings results on Thursday, February 6th. The transportation company reported $0.48 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.48. Hub Group had a net margin of 2.64% and a return on equity of 7.17%. Equities research analysts expect that Hub Group will post 2.38 earnings per share for the current year.

Hub Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, December 6th were issued a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 1.21%. The ex-dividend date of this dividend was Friday, December 6th. Hub Group’s dividend payout ratio is 29.41%.

Hedge Funds Weigh In On Hub Group

Several large investors have recently modified their holdings of HUBG. State Street Corp grew its stake in Hub Group by 0.8% in the 3rd quarter. State Street Corp now owns 2,489,503 shares of the transportation company’s stock valued at $113,148,000 after buying an additional 20,215 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Hub Group by 0.7% during the third quarter. Geode Capital Management LLC now owns 1,482,308 shares of the transportation company’s stock worth $67,383,000 after acquiring an additional 10,328 shares during the period. Principal Financial Group Inc. grew its position in shares of Hub Group by 14.3% in the third quarter. Principal Financial Group Inc. now owns 783,456 shares of the transportation company’s stock valued at $35,608,000 after purchasing an additional 97,768 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Hub Group by 1.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 675,064 shares of the transportation company’s stock worth $30,081,000 after purchasing an additional 11,548 shares during the period. Finally, Royce & Associates LP lifted its holdings in Hub Group by 1.8% during the 3rd quarter. Royce & Associates LP now owns 640,093 shares of the transportation company’s stock worth $29,092,000 after purchasing an additional 11,615 shares during the last quarter. 46.77% of the stock is 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.