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

Shares of Hub Group, Inc. (NASDAQ:HUBG) have been given a consensus rating of “Hold” by the twelve analysts that are presently covering the firm, MarketBeat Ratings reports. Nine research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $46.83.

A number of analysts have recently commented on HUBG shares. Stifel Nicolaus cut their price target on Hub Group from $45.00 to $43.00 and set a “buy” rating on the stock in a report on Tuesday, August 6th. JPMorgan Chase & Co. upped their price objective on Hub Group from $43.00 to $51.00 and gave the stock a “neutral” rating in a research report on Friday, August 2nd. Evercore ISI upped their price objective on Hub Group from $41.00 to $43.00 and gave the stock an “in-line” rating in a research report on Thursday, October 3rd. UBS Group upped their price objective on Hub Group from $42.00 to $48.00 and gave the stock a “neutral” rating in a research report on Friday, August 2nd. Finally, Benchmark reaffirmed a “buy” rating and set a $47.00 price objective on shares of Hub Group in a research report on Friday, November 1st.

Hedge Funds Weigh In On Hub Group

Large investors have recently made changes to their positions in the company. Price T Rowe Associates Inc. MD increased its stake in shares of Hub Group by 111.3% during the first quarter. Price T Rowe Associates Inc. MD now owns 42,792 shares of the transportation company’s stock worth $1,850,000 after purchasing an additional 22,542 shares during the period. UniSuper Management Pty Ltd bought a new position in Hub Group during the 1st quarter worth $567,000. Comerica Bank increased its stake in Hub Group by 84.5% during the 1st quarter. Comerica Bank now owns 26,627 shares of the transportation company’s stock worth $1,151,000 after acquiring an additional 12,196 shares during the period. Principal Financial Group Inc. increased its stake in Hub Group by 14.3% during the 3rd quarter. Principal Financial Group Inc. now owns 783,456 shares of the transportation company’s stock worth $35,608,000 after acquiring an additional 97,768 shares during the period. Finally, California State Teachers Retirement System increased its stake in Hub Group by 90.6% during the 1st quarter. California State Teachers Retirement System now owns 63,204 shares of the transportation company’s stock worth $2,732,000 after acquiring an additional 30,052 shares during the period. Institutional investors own 46.77% of the company’s stock.

Hub Group Stock Performance

Shares of HUBG stock opened at $51.01 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 52 week low of $36.88 and a 52 week high of $51.11. The company’s 50 day moving average price is $45.51 and its two-hundred day moving average price is $44.32. The company has a market capitalization of $3.13 billion, a P/E ratio of 28.98 and a beta of 0.89.

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

Hub Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 25th. Stockholders of record on Friday, September 6th were paid a dividend of $0.125 per share. The ex-dividend date of this dividend was Friday, September 6th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 0.98%. Hub Group’s dividend payout ratio (DPR) is currently 28.41%.

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.