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

Hub Group, Inc. (NASDAQ:HUBG) has received an average recommendation of “Hold” from the twelve brokerages that are currently covering the stock, MarketBeat Ratings reports. Nine investment analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $46.83.

A number of equities research analysts have issued reports on HUBG shares. Susquehanna decreased their target price on Hub Group from $50.00 to $48.00 and set a “neutral” rating for the company in a research report on Friday, November 1st. Benchmark restated a “buy” rating and issued a $47.00 price objective on shares of Hub Group in a research note on Friday, November 1st. Evercore ISI raised their target price on shares of Hub Group from $41.00 to $43.00 and gave the company an “in-line” rating in a research note on Thursday, October 3rd. Barclays boosted their target price 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. Finally, TD Cowen raised their price target on Hub Group from $43.00 to $49.00 and gave the company a “hold” rating in a research report on Thursday, October 31st.

Institutional Trading of Hub Group

Hedge funds have recently modified their holdings of the company. GAMMA Investing LLC increased its position in shares of Hub Group by 65.0% during the third quarter. GAMMA Investing LLC now owns 711 shares of the transportation company’s stock valued at $32,000 after purchasing an additional 280 shares during the period. Arizona State Retirement System increased its holdings in Hub Group by 1.6% in the 2nd quarter. Arizona State Retirement System now owns 17,427 shares of the transportation company’s stock valued at $750,000 after buying an additional 282 shares during the period. Inspire Advisors LLC raised its stake in shares of Hub Group by 1.7% in the 2nd quarter. Inspire Advisors LLC now owns 17,327 shares of the transportation company’s stock valued at $746,000 after buying an additional 284 shares in the last quarter. Highland Capital Management LLC lifted its holdings in shares of Hub Group by 9.4% during the 3rd quarter. Highland Capital Management LLC now owns 5,086 shares of the transportation company’s stock worth $231,000 after acquiring an additional 437 shares during the period. Finally, Aristides Capital LLC lifted its holdings in shares of Hub Group by 9.2% during the 2nd quarter. Aristides Capital LLC now owns 5,987 shares of the transportation company’s stock worth $258,000 after acquiring an additional 506 shares during the period. Institutional investors own 46.77% of the company’s stock.

Hub Group Stock Down 1.6 %

Hub Group stock opened at $49.12 on Friday. The company has a market capitalization of $3.01 billion, a P/E ratio of 27.91 and a beta of 0.92. Hub Group has a 1-year low of $38.07 and a 1-year high of $53.21. The firm’s fifty day simple moving average is $47.36 and its 200-day simple moving average is $45.15. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 0.12.

Hub Group (NASDAQ:HUBG) last posted its earnings results on Wednesday, October 30th. The transportation company reported $0.52 earnings per share for the quarter, beating the consensus estimate of $0.49 by $0.03. The company had revenue of $986.89 million for the quarter, compared to analyst estimates of $1.06 billion. Hub Group had a return on equity of 7.44% and a net margin of 2.74%. The business’s revenue was down 3.7% compared to the same quarter last year. During the same period last year, the company earned $0.49 earnings per share. Sell-side analysts forecast that Hub Group will post 1.91 earnings per share for the current fiscal year.

Hub Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, December 6th will be issued a $0.125 dividend. The ex-dividend date of this dividend is Friday, December 6th. This represents a $0.50 annualized dividend and a yield of 1.02%. Hub Group’s dividend payout ratio (DPR) is 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.