Hub Group, Inc. (NASDAQ:HUBG) Receives $42.01 Consensus Price Target from Brokerages

Hub Group, Inc. (NASDAQ:HUBG) has been assigned a consensus rating of “Moderate Buy” from the eleven brokerages that are covering the stock, Marketbeat Ratings reports. Five analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $42.01.

Several equities research analysts have recently commented on the stock. Susquehanna reaffirmed a “positive” rating and issued a $46.00 target price (up from $45.00) on shares of Hub Group in a research report on Tuesday, June 24th. TD Cowen lowered their price target on shares of Hub Group from $40.00 to $36.00 and set a “hold” rating for the company in a research report on Friday, May 9th. JPMorgan Chase & Co. lowered their price target on shares of Hub Group from $39.00 to $36.00 and set a “neutral” rating for the company in a research report on Tuesday, July 8th. Baird R W raised shares of Hub Group to a “strong-buy” rating in a research report on Tuesday, July 1st. Finally, Barclays lowered their price target on shares of Hub Group from $45.00 to $40.00 and set an “equal weight” rating for the company in a research report on Monday, May 12th.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of HUBG. Teacher Retirement System of Texas raised its holdings in Hub Group by 5.5% in the fourth quarter. Teacher Retirement System of Texas now owns 19,972 shares of the transportation company’s stock worth $890,000 after buying an additional 1,045 shares during the last quarter. Sei Investments Co. raised its holdings in Hub Group by 10.9% in the fourth quarter. Sei Investments Co. now owns 47,755 shares of the transportation company’s stock worth $2,128,000 after buying an additional 4,701 shares during the last quarter. KLP Kapitalforvaltning AS purchased a new position in Hub Group in the fourth quarter worth about $1,279,000. JPMorgan Chase & Co. grew its stake in shares of Hub Group by 64.1% in the fourth quarter. JPMorgan Chase & Co. now owns 299,634 shares of the transportation company’s stock worth $13,352,000 after acquiring an additional 117,047 shares during the period. Finally, Norges Bank bought a new stake in shares of Hub Group in the fourth quarter worth approximately $41,487,000. 46.77% of the stock is owned by hedge funds and other institutional investors.

Hub Group Trading Down 2.8%

NASDAQ:HUBG opened at $34.81 on Monday. The company has a 50-day moving average price of $34.28 and a 200-day moving average price of $36.86. Hub Group has a 12 month low of $30.75 and a 12 month high of $53.21. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 0.09. The stock has a market cap of $2.13 billion, a price-to-earnings ratio of 20.48, a P/E/G ratio of 1.17 and a beta of 1.13.

Hub Group (NASDAQ:HUBG) last posted its earnings results on Thursday, May 8th. The transportation company reported $0.44 EPS for the quarter, topping the consensus estimate of $0.42 by $0.02. Hub Group had a net margin of 2.69% and a return on equity of 7.01%. The firm had revenue of $915.22 million during the quarter, compared to analysts’ expectations of $973.86 million. During the same period last year, the company posted $0.44 EPS. The company’s quarterly revenue was down 8.5% compared to the same quarter last year. Equities analysts predict that Hub Group will post 2.2 EPS for the current year.

Hub Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Monday, June 23rd were issued a $0.125 dividend. The ex-dividend date was Monday, June 23rd. This represents a $0.50 annualized dividend and a yield of 1.44%. Hub Group’s dividend payout ratio (DPR) is presently 29.41%.

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.