UBS Group Boosts Hub Group (NASDAQ:HUBG) Price Target to $48.00

Hub Group (NASDAQ:HUBG) had its target price upped by UBS Group from $42.00 to $48.00 in a research report released on Friday morning, Benzinga reports. UBS Group currently has a neutral rating on the transportation company’s stock.

Other equities research analysts have also issued research reports about the stock. Benchmark restated a buy rating and set a $49.00 price target on shares of Hub Group in a research note on Tuesday, July 9th. BMO Capital Markets lowered their target price on Hub Group from $48.00 to $45.00 and set a market perform rating on the stock in a research note on Friday, April 26th. Evercore ISI reiterated an in-line rating and set a $44.00 price target on shares of Hub Group in a research note on Tuesday, June 25th. TD Cowen cut Hub Group from a buy rating to a hold rating and lowered their price objective for the company from $50.00 to $43.00 in a research note on Thursday, July 18th. Finally, Stephens dropped their price objective on Hub Group from $44.00 to $42.00 and set an equal weight rating on the stock in a report on Friday, April 26th. Ten research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, Hub Group has an average rating of Hold and a consensus price target of $46.04.

Hub Group Trading Down 7.9 %

HUBG opened at $42.53 on Friday. Hub Group has a fifty-two week low of $31.73 and a fifty-two week high of $48.39. The firm has a market capitalization of $2.65 billion, a PE ratio of 20.20 and a beta of 0.89. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.28 and a quick ratio of 1.28. The company’s 50-day moving average is $43.67 and its 200 day moving average is $43.14.

Hub Group (NASDAQ:HUBG) last released its quarterly earnings results on Thursday, August 1st. The transportation company reported $0.47 earnings per share for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.01). The firm had revenue of $986.50 million for the quarter, compared to the consensus estimate of $1.09 billion. Hub Group had a net margin of 2.89% and a return on equity of 7.38%. The firm’s revenue for the quarter was down 5.2% on a year-over-year basis. During the same period in the previous year, the business earned $0.72 earnings per share. As a group, research analysts predict that Hub Group will post 2.02 earnings per share for the current fiscal year.

Hub Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 26th. Stockholders of record on Friday, June 7th were issued a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.18%. The ex-dividend date of this dividend was Friday, June 7th. Hub Group’s payout ratio is currently 23.75%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Illinois Municipal Retirement Fund boosted its stake in shares of Hub Group by 105.0% in the 1st quarter. Illinois Municipal Retirement Fund now owns 35,192 shares of the transportation company’s stock valued at $1,521,000 after purchasing an additional 18,023 shares in the last quarter. UniSuper Management Pty Ltd bought a new position in shares of Hub Group during the first quarter valued at about $567,000. Seven Eight Capital LP increased its holdings in shares of Hub Group by 509.7% in the first quarter. Seven Eight Capital LP now owns 25,546 shares of the transportation company’s stock worth $1,104,000 after buying an additional 21,356 shares during the period. Retirement Systems of Alabama increased its holdings in shares of Hub Group by 102.0% in the first quarter. Retirement Systems of Alabama now owns 104,910 shares of the transportation company’s stock worth $4,534,000 after buying an additional 52,986 shares during the period. Finally, CWM LLC boosted its holdings in Hub Group by 3,141.7% during the 1st quarter. CWM LLC now owns 31,866 shares of the transportation company’s stock valued at $1,377,000 after acquiring an additional 30,883 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.