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

Hub Group, Inc. (NASDAQ:HUBG) announced a quarterly dividend on Thursday, May 21st. Stockholders of record on Friday, June 5th will be paid a dividend of 0.125 per share by the transportation company on Wednesday, June 17th. This represents a c) dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date is Friday, June 5th.

Hub Group has a payout ratio of 20.5% indicating that its dividend is sufficiently covered by earnings. Analysts expect Hub Group to earn $2.75 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 18.2%.

Hub Group Trading Down 0.2%

Shares of NASDAQ HUBG opened at $40.68 on Friday. Hub Group has a twelve month low of $32.46 and a twelve month high of $53.26. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 0.09. The stock has a fifty day simple moving average of $38.85 and a 200-day simple moving average of $41.02. The stock has a market capitalization of $2.49 billion, a PE ratio of 23.51, a PEG ratio of 1.16 and a beta of 1.26.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on HUBG shares. Benchmark dropped their price objective on Hub Group from $50.00 to $42.00 and set a “buy” rating for the company in a research note on Thursday, May 14th. Raymond James Financial reissued an “outperform” rating and set a $48.00 target price on shares of Hub Group in a research note on Wednesday, April 15th. Wells Fargo & Company reissued an “equal weight” rating and set a $35.00 target price (down from $55.00) on shares of Hub Group in a research note on Thursday, March 26th. Stifel Nicolaus lifted their price target on Hub Group from $27.00 to $29.00 and gave the stock a “sell” rating in a report on Thursday, April 2nd. Finally, Zacks Research raised Hub Group from a “strong sell” rating to a “hold” rating in a report on Monday, April 13th. Seven research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $43.14.

Hub Group Company Profile

Hub Group, Inc (NASDAQ: HUBG) is a leading supply chain solutions provider headquartered in Oak Brook, Illinois. Founded in 1971 as Hub City Terminals and renamed Hub Group in 1978, the company completed its initial public offering in 2007. Over the decades, Hub Group has developed a comprehensive multimodal transportation network, leveraging partnerships with major rail carriers and an extensive drayage fleet to offer cost-efficient, sustainable shipping alternatives.

The company operates through two primary segments: Intermodal and Transportation Management.