Hub Group (NASDAQ:HUBG) Given New $48.00 Price Target at Susquehanna

Hub Group (NASDAQ:HUBG) had its price target reduced by Susquehanna from $55.00 to $48.00 in a research report released on Wednesday morning,Benzinga reports. They currently have a positive rating on the transportation company’s stock.

Several other research analysts also recently commented on HUBG. Barclays reduced their target price on Hub Group from $52.00 to $50.00 and set an “equal weight” rating on the stock in a report on Monday, February 10th. Stifel Nicolaus increased their target price on Hub Group from $46.00 to $53.00 and gave the stock a “buy” rating in a report on Thursday, January 23rd. Benchmark lifted their price target on Hub Group from $47.00 to $49.00 and gave the company a “buy” rating in a report on Friday, January 10th. Finally, Deutsche Bank Aktiengesellschaft began coverage on shares of Hub Group in a report on Friday, March 7th. They set a “hold” rating and a $41.00 price objective on the stock. Eight research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $47.18.

Hub Group Price Performance

Hub Group stock opened at $38.01 on Wednesday. The business has a 50 day simple moving average of $41.54 and a 200 day simple moving average of $44.53. 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 company has a market capitalization of $2.34 billion, a PE ratio of 22.36 and a beta of 0.93. Hub Group has a one year low of $36.04 and a one year high of $53.21.

Hub Group (NASDAQ:HUBG) last posted its earnings results on Thursday, February 6th. The transportation company reported $0.48 earnings per share for the quarter, hitting the consensus estimate of $0.48. Hub Group had a net margin of 2.64% and a return on equity of 7.10%. On average, sell-side analysts forecast that Hub Group will post 2.2 EPS for the current fiscal year.

Hub Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Tuesday, March 18th will be paid a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.32%. The ex-dividend date of this dividend is Tuesday, March 18th. Hub Group’s dividend payout ratio (DPR) is currently 29.41%.

Institutional Investors Weigh In On Hub Group

A number of institutional investors have recently made changes to their positions in the stock. XTX Topco Ltd bought a new position in Hub Group during the third quarter worth about $481,000. Barclays PLC boosted its stake in Hub Group by 199.6% during the 3rd quarter. Barclays PLC now owns 117,774 shares of the transportation company’s stock worth $5,354,000 after acquiring an additional 78,467 shares during the last quarter. State Street Corp grew its holdings in Hub Group by 0.8% during the third quarter. State Street Corp now owns 2,489,503 shares of the transportation company’s stock valued at $113,148,000 after purchasing an additional 20,215 shares during the period. Hennion & Walsh Asset Management Inc. raised its holdings in Hub Group by 16.8% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 9,511 shares of the transportation company’s stock worth $424,000 after purchasing an additional 1,368 shares during the period. Finally, Bank of New York Mellon Corp boosted its position in shares of Hub Group by 14.6% during the fourth quarter. Bank of New York Mellon Corp now owns 577,940 shares of the transportation company’s stock worth $25,753,000 after purchasing an additional 73,712 shares in the last quarter. 46.77% of the stock is owned by institutional investors and hedge funds.

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.