Hub Group, Inc. (NASDAQ:HUBG) Given Consensus Recommendation of “Hold” by Brokerages

Hub Group, Inc. (NASDAQ:HUBG) has been given an average rating of “Hold” by the eleven ratings firms that are currently covering the firm, Marketbeat reports. Eight investment analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1 year price target among analysts that have covered the stock in the last year is $47.82.

A number of research analysts have weighed in on the company. Benchmark raised their price target on Hub Group from $47.00 to $49.00 and gave the company a “buy” rating in a research note on Friday, January 10th. Deutsche Bank Aktiengesellschaft assumed 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. Susquehanna raised shares of Hub Group from a “neutral” rating to a “positive” rating and set a $55.00 price target on the stock in a research report on Friday, January 3rd. Barclays cut their price target on shares of Hub Group from $52.00 to $50.00 and set an “equal weight” rating for the company in a research note on Monday, February 10th. Finally, Stifel Nicolaus boosted their price objective on shares of Hub Group from $46.00 to $53.00 and gave the stock a “buy” rating in a research note on Thursday, January 23rd.

Hub Group Price Performance

NASDAQ HUBG opened at $38.15 on Tuesday. Hub Group has a 12-month low of $36.04 and a 12-month high of $53.21. The firm’s 50 day moving average is $41.85 and its 200-day moving average is $44.62. The company has a market capitalization of $2.35 billion, a PE ratio of 22.44 and a beta of 0.93. The company has a quick ratio of 1.30, a current ratio of 1.33 and a debt-to-equity ratio of 0.10.

Hub Group (NASDAQ:HUBG) last issued its quarterly earnings results on Thursday, February 6th. The transportation company reported $0.48 EPS 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%. Equities research analysts anticipate that Hub Group will post 2.2 earnings per share for the current fiscal year.

Hub Group Announces Dividend

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

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. XTX Topco Ltd bought a new stake in shares of Hub Group during the third quarter worth approximately $481,000. Barclays PLC lifted its holdings 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 purchasing an additional 78,467 shares during the last quarter. State Street Corp lifted its holdings in Hub Group by 0.8% during the 3rd 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 last quarter. Hennion & Walsh Asset Management Inc. boosted its stake in Hub Group by 16.8% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 9,511 shares of the transportation company’s stock valued at $424,000 after purchasing an additional 1,368 shares during the period. Finally, Bank of New York Mellon Corp grew its holdings in Hub Group by 14.6% in the 4th quarter. Bank of New York Mellon Corp now owns 577,940 shares of the transportation company’s stock valued at $25,753,000 after buying an additional 73,712 shares in the last quarter. 46.77% of the stock is 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.