Hub Group, Inc. (NASDAQ:HUBG) Receives $47.82 Average Price Target from Brokerages

Hub Group, Inc. (NASDAQ:HUBG) has earned an average recommendation of “Hold” from the eleven analysts that are currently covering the stock, MarketBeat Ratings reports. Eight investment analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $47.18.

HUBG has been the topic of a number of recent research reports. Susquehanna lowered their target price on Hub Group from $55.00 to $48.00 and set a “positive” rating on the stock in a research note on Wednesday. Benchmark raised their price objective on shares of Hub Group from $47.00 to $49.00 and gave the company a “buy” rating in a research report on Friday, January 10th. Deutsche Bank Aktiengesellschaft began coverage on shares of Hub Group in a research note on Friday, March 7th. They issued a “hold” rating and a $41.00 target price for the company. Barclays dropped their price target on shares of Hub Group from $52.00 to $50.00 and set an “equal weight” rating on the stock in a research note on Monday, February 10th. Finally, Stifel Nicolaus raised their price target on shares of Hub Group from $46.00 to $53.00 and gave the company a “buy” rating in a report on Thursday, January 23rd.

Hub Group Stock Performance

HUBG stock opened at $38.03 on Tuesday. The firm has a 50 day simple moving average of $41.38 and a 200 day simple moving average of $44.48. Hub Group has a 52 week low of $36.04 and a 52 week high of $53.21. The stock has a market cap of $2.34 billion, a P/E ratio of 22.37 and a beta of 0.93. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.30 and a current ratio of 1.33.

Hub Group (NASDAQ:HUBG) last issued its earnings results on Thursday, February 6th. The transportation company reported $0.48 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.48. Hub Group had a net margin of 2.64% and a return on equity of 7.10%. Research analysts anticipate that Hub Group will post 2.2 earnings per share for the current fiscal year.

Hub Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Tuesday, March 18th will be issued a $0.125 dividend. The ex-dividend date of this dividend is Tuesday, March 18th. This represents a $0.50 annualized dividend and a yield of 1.31%. Hub Group’s dividend payout ratio (DPR) is presently 29.41%.

Institutional Investors Weigh In On Hub Group

A number of hedge funds have recently bought and sold shares of the company. State Street Corp increased its stake in shares of Hub Group by 0.8% in the third quarter. State Street Corp now owns 2,489,503 shares of the transportation company’s stock worth $113,148,000 after purchasing an additional 20,215 shares during the period. Capital International Investors bought a new position in Hub Group in the 4th quarter worth approximately $95,105,000. Invesco Ltd. lifted its holdings in shares of Hub Group by 1.3% during the fourth quarter. Invesco Ltd. now owns 1,838,308 shares of the transportation company’s stock worth $81,915,000 after buying an additional 23,674 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Hub Group by 0.7% during the third quarter. Geode Capital Management LLC now owns 1,482,308 shares of the transportation company’s stock worth $67,383,000 after buying an additional 10,328 shares during the last quarter. Finally, Balyasny Asset Management L.P. boosted its position in shares of Hub Group by 77.1% in the fourth quarter. Balyasny Asset Management L.P. now owns 1,147,499 shares of the transportation company’s stock valued at $51,133,000 after acquiring an additional 499,621 shares during the period. 46.77% of the stock is currently owned by institutional investors.

About Hub Group

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.