Hub Group, Inc. (NASDAQ:HUBG) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Hub Group, Inc. (NASDAQ:HUBG) has earned a consensus rating of “Moderate Buy” from the twelve analysts that are currently covering the company, Marketbeat Ratings reports. Six investment analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $46.54.

HUBG has been the subject of a number of research analyst reports. Evercore ISI decreased their target price on Hub Group from $46.00 to $44.00 and set an “outperform” rating for the company in a research report on Friday, April 26th. StockNews.com upgraded shares of Hub Group from a “sell” rating to a “hold” rating in a report on Friday, March 1st. Stephens cut their target price on shares of Hub Group from $44.00 to $42.00 and set an “equal weight” rating on the stock in a research report on Friday, April 26th. Wells Fargo & Company increased their price objective on shares of Hub Group from $45.00 to $50.00 and gave the company an “overweight” rating in a research note on Friday, February 2nd. Finally, BMO Capital Markets dropped their price objective on Hub Group from $48.00 to $45.00 and set a “market perform” rating on the stock in a research report on Friday, April 26th.

Institutional Investors Weigh In On Hub Group

Several institutional investors and hedge funds have recently made changes to their positions in HUBG. William Blair Investment Management LLC increased its position in shares of Hub Group by 99.5% in the 1st quarter. William Blair Investment Management LLC now owns 841,980 shares of the transportation company’s stock valued at $36,390,000 after acquiring an additional 419,873 shares during the period. Principal Financial Group Inc. increased its holdings in shares of Hub Group by 109.6% in the first quarter. Principal Financial Group Inc. now owns 702,443 shares of the transportation company’s stock valued at $30,360,000 after purchasing an additional 367,345 shares during the period. Norges Bank purchased a new position in shares of Hub Group in the fourth quarter worth about $31,439,000. LSV Asset Management lifted its holdings in shares of Hub Group by 9,049.5% during the third quarter. LSV Asset Management now owns 334,962 shares of the transportation company’s stock worth $26,308,000 after purchasing an additional 331,301 shares during the period. Finally, Pacer Advisors Inc. boosted its position in Hub Group by 54.5% in the fourth quarter. Pacer Advisors Inc. now owns 727,572 shares of the transportation company’s stock valued at $66,893,000 after buying an additional 256,551 shares during the last quarter. 46.77% of the stock is currently owned by institutional investors and hedge funds.

Hub Group Stock Up 1.2 %

Shares of HUBG opened at $43.36 on Friday. The firm has a market capitalization of $2.72 billion, a P/E ratio of 20.65 and a beta of 0.90. Hub Group has a 12-month low of $31.73 and a 12-month high of $47.58. The firm has a fifty day moving average price of $41.58 and a 200-day moving average price of $41.76. The company has a current ratio of 1.28, a quick ratio of 1.29 and a debt-to-equity ratio of 0.14.

Hub Group (NASDAQ:HUBG) last issued its earnings results on Thursday, April 25th. The transportation company reported $0.44 EPS for the quarter, topping analysts’ consensus estimates of $0.40 by $0.04. Hub Group had a net margin of 3.28% and a return on equity of 8.48%. The business had revenue of $1,000.00 million for the quarter, compared to the consensus estimate of $1.05 billion. During the same period in the prior year, the firm earned $0.94 EPS. The company’s revenue for the quarter was down 16.7% compared to the same quarter last year. Equities research analysts expect that Hub Group will post 2.02 earnings per share for the current year.

Hub Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 27th. Shareholders of record on Friday, March 8th were paid a dividend of $0.125 per share. The ex-dividend date of this dividend was Thursday, March 7th. This represents a $0.50 dividend on an annualized basis and a yield of 1.15%. Hub Group’s payout ratio is 23.81%.

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.