Hub Group, Inc. (NASDAQ:HUBG) to Issue Quarterly Dividend of $0.13

Hub Group, Inc. (NASDAQ:HUBG) declared a quarterly dividend on Thursday, June 12th, RTT News reports. Stockholders of record on Monday, June 23rd will be paid a dividend of 0.125 per share by the transportation company on Monday, June 30th. This represents a $0.50 annualized dividend and a dividend yield of 1.49%.

Hub Group has a payout ratio of 20.5% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Hub Group to earn $2.77 per share next year, which means the company should continue to be able to cover its $0.50 annual dividend with an expected future payout ratio of 18.1%.

Hub Group Trading Up 0.2%

NASDAQ:HUBG opened at $33.56 on Friday. Hub Group has a 12-month low of $30.75 and a 12-month high of $53.21. The firm has a market capitalization of $2.06 billion, a P/E ratio of 19.74 and a beta of 1.15. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.33 and a quick ratio of 1.30. The business has a 50 day simple moving average of $33.43 and a 200 day simple moving average of $39.84.

Hub Group (NASDAQ:HUBG) last announced its quarterly earnings results on Thursday, May 8th. The transportation company reported $0.44 EPS for the quarter, beating the consensus estimate of $0.42 by $0.02. Hub Group had a net margin of 2.64% and a return on equity of 7.10%. The company had revenue of $915.22 million for the quarter, compared to analyst estimates of $973.86 million. During the same quarter last year, the business earned $0.44 earnings per share. Hub Group’s revenue was down 8.5% compared to the same quarter last year. Equities research analysts predict that Hub Group will post 2.2 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the company. Susquehanna cut their price objective on Hub Group from $55.00 to $48.00 and set a “positive” rating for the company in a report on Wednesday, March 26th. TD Cowen cut their price objective on Hub Group from $40.00 to $36.00 and set a “hold” rating for the company in a report on Friday, May 9th. Benchmark cut their price objective on Hub Group from $40.00 to $33.13 and set a “buy” rating for the company in a report on Friday, May 9th. Deutsche Bank Aktiengesellschaft assumed coverage on Hub Group in a report on Friday, March 7th. They issued a “hold” rating and a $41.00 price objective for the company. Finally, Barclays cut their price objective on Hub Group from $45.00 to $40.00 and set an “equal weight” rating for the company in a report on Monday, May 12th. Six equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $43.68.

Institutional Investors Weigh In On Hub Group

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Intech Investment Management LLC raised its position in shares of Hub Group by 33.3% during the first quarter. Intech Investment Management LLC now owns 39,181 shares of the transportation company’s stock worth $1,456,000 after purchasing an additional 9,791 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of Hub Group by 3.7% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 135,795 shares of the transportation company’s stock worth $5,048,000 after purchasing an additional 4,844 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Hub Group by 4.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 35,637 shares of the transportation company’s stock worth $1,325,000 after purchasing an additional 1,542 shares during the period. AQR Capital Management LLC raised its position in Hub Group by 4.9% during the first quarter. AQR Capital Management LLC now owns 59,029 shares of the transportation company’s stock valued at $2,194,000 after buying an additional 2,761 shares during the period. Finally, Royal Bank of Canada raised its position in Hub Group by 24.5% during the first quarter. Royal Bank of Canada now owns 11,723 shares of the transportation company’s stock valued at $435,000 after buying an additional 2,305 shares during the period. 46.77% of the stock is owned by institutional investors and hedge funds.

About Hub Group

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.