Hub Group (NASDAQ:HUBG) Sets New 12-Month High Following Analyst Upgrade

Hub Group, Inc. (NASDAQ:HUBG)’s stock price hit a new 52-week high during trading on Thursday after Barclays raised their price target on the stock from $42.00 to $52.00. Barclays currently has an equal weight rating on the stock. Hub Group traded as high as $50.58 and last traded at $50.07, with a volume of 16116 shares changing hands. The stock had previously closed at $50.15.

Several other analysts have also recently commented on the stock. JPMorgan Chase & Co. raised their price objective on shares of Hub Group from $43.00 to $51.00 and gave the company a “neutral” rating in a research note on Friday, August 2nd. TD Cowen lifted their target price on shares of Hub Group from $43.00 to $49.00 and gave the stock a “hold” rating in a research report on Thursday, October 31st. Evercore ISI lifted their target price on shares of Hub Group from $41.00 to $43.00 and gave the stock an “in-line” rating in a research report on Thursday, October 3rd. Susquehanna cut their price objective on shares of Hub Group from $50.00 to $48.00 and set a “neutral” rating for the company in a research report on Friday, November 1st. Finally, UBS Group boosted their price objective on shares of Hub Group from $42.00 to $48.00 and gave the company a “neutral” rating in a research report on Friday, August 2nd. Ten investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Hub Group presently has an average rating of “Hold” and an average target price of $46.83.

Institutional Trading of Hub Group

A number of hedge funds have recently bought and sold shares of the company. Price T Rowe Associates Inc. MD increased its holdings in Hub Group by 111.3% in 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 buying an additional 22,542 shares during the last quarter. UniSuper Management Pty Ltd acquired a new stake in shares of Hub Group in the first quarter worth $567,000. Seven Eight Capital LP grew its stake in shares of Hub Group by 509.7% in the first quarter. Seven Eight Capital LP now owns 25,546 shares of the transportation company’s stock worth $1,104,000 after acquiring an additional 21,356 shares during the last quarter. Comerica Bank grew its stake in shares of Hub Group by 84.5% in the first 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 last quarter. Finally, California State Teachers Retirement System grew its stake in shares of Hub Group by 90.6% in the first 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 last quarter. 46.77% of the stock is owned by hedge funds and other institutional investors.

Hub Group Stock Performance

The firm has a market cap of $3.05 billion, a price-to-earnings ratio of 28.22 and a beta of 0.89. The firm’s 50 day moving average price is $44.90 and its 200-day moving average price is $44.02. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.30 and a quick ratio of 1.30.

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, beating analysts’ consensus estimates of $0.49 by $0.03. The company had revenue of $986.89 million during the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same period last year, the business earned $0.49 earnings per share. On average, analysts anticipate that Hub Group, Inc. will post 1.91 earnings per share for the current year.

Hub Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 25th. Investors of record on Friday, September 6th were issued a $0.125 dividend. 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 1.01%. Hub Group’s dividend payout ratio 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.