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

Hub Group, Inc. (NASDAQ:HUBG) has been assigned a consensus rating of “Hold” from the twelve research firms that are presently covering the company, Marketbeat reports. Nine investment analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $46.83.

HUBG has been the topic of a number of research analyst reports. Evercore ISI boosted their price objective on shares of Hub Group from $41.00 to $43.00 and gave the company an “in-line” rating in a research report 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. TD Cowen boosted 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. Stifel Nicolaus lowered their price target on shares of Hub Group from $45.00 to $43.00 and set a “buy” rating on the stock in a report on Tuesday, August 6th. Finally, UBS Group boosted their price target on shares of Hub Group from $42.00 to $48.00 and gave the company a “neutral” rating in a report on Friday, August 2nd.

Hub Group Stock Performance

Shares of HUBG opened at $51.01 on Wednesday. The firm’s 50 day moving average is $45.51 and its 200-day moving average is $44.33. The stock has a market capitalization of $3.13 billion, a P/E ratio of 28.98 and a beta of 0.89. 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 has a 12-month low of $36.88 and a 12-month high of $51.11.

Hub Group (NASDAQ:HUBG) last released its earnings results on Wednesday, October 30th. The transportation company reported $0.52 earnings per share for the quarter, topping the consensus estimate of $0.49 by $0.03. Hub Group had a net margin of 2.74% and a return on equity of 7.44%. The business had revenue of $986.89 million for the quarter, compared to the consensus estimate of $1.06 billion. During the same period last year, the firm posted $0.49 earnings per share. The firm’s quarterly revenue was down 3.7% compared to the same quarter last year. Equities research analysts anticipate that Hub Group will post 1.91 EPS 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 issued a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 0.98%. The ex-dividend date of this dividend was Friday, September 6th. Hub Group’s payout ratio is 28.41%.

Institutional Investors Weigh In On Hub Group

Several large investors have recently made changes to their positions in HUBG. Family Firm Inc. acquired a new position in Hub Group during the 2nd quarter worth about $26,000. GAMMA Investing LLC lifted its position in Hub Group by 65.0% during the 3rd quarter. GAMMA Investing LLC now owns 711 shares of the transportation company’s stock worth $32,000 after buying an additional 280 shares in the last quarter. Point72 Hong Kong Ltd acquired a new position in Hub Group during the 2nd quarter worth about $34,000. EntryPoint Capital LLC acquired a new position in Hub Group during the 1st quarter worth about $52,000. Finally, Covestor Ltd lifted its position in Hub Group by 37.4% during the 1st quarter. Covestor Ltd now owns 1,609 shares of the transportation company’s stock worth $70,000 after buying an additional 438 shares in the last quarter. Institutional investors own 46.77% of the company’s stock.

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.