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

Shares of Hub Group, Inc. (NASDAQ:HUBG) have earned an average rating of “Hold” from the twelve research firms that are presently covering the company, Marketbeat.com reports. Seven analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $46.54.

HUBG has been the subject of several research reports. Susquehanna reduced their target price on Hub Group from $49.00 to $46.00 and set a “neutral” rating for the company in a research note on Monday, March 25th. StockNews.com upgraded Hub Group from a “sell” rating to a “hold” rating in a research note on Friday, March 1st. BMO Capital Markets dropped their price target on shares of 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. Stephens dropped their price target 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. Finally, Evercore ISI reaffirmed an “in-line” rating and issued a $44.00 price target on shares of Hub Group in a research report on Tuesday.

Hub Group Stock Performance

Shares of Hub Group stock opened at $42.76 on Friday. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.14. The business has a 50-day moving average price of $42.52 and a two-hundred day moving average price of $43.21. The company has a market cap of $2.66 billion, a P/E ratio of 20.31 and a beta of 0.90. Hub Group has a 1-year low of $31.73 and a 1-year high of $47.58.

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

Hub Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 26th. Shareholders of record on Friday, June 7th were given a dividend of $0.125 per share. The ex-dividend date of this dividend was Friday, June 7th. This represents a $0.50 annualized dividend and a dividend yield of 1.17%. Hub Group’s dividend payout ratio is currently 23.75%.

Hedge Funds Weigh In On Hub Group

Several hedge funds have recently modified their holdings of the company. Vanguard Group Inc. lifted its position in shares of Hub Group by 99.1% during the 1st quarter. Vanguard Group Inc. now owns 6,883,930 shares of the transportation company’s stock worth $297,523,000 after buying an additional 3,427,047 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Hub Group by 2.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,475,738 shares of the transportation company’s stock worth $227,623,000 after purchasing an additional 50,783 shares during the period. Victory Capital Management Inc. raised its holdings in shares of Hub Group by 7.5% in the 4th quarter. Victory Capital Management Inc. now owns 1,801,201 shares of the transportation company’s stock worth $165,602,000 after purchasing an additional 125,924 shares during the period. William Blair Investment Management LLC raised its holdings 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 worth $36,390,000 after purchasing an additional 419,873 shares during the period. Finally, Invesco Ltd. raised its holdings in shares of Hub Group by 5.9% in the 3rd quarter. Invesco Ltd. now owns 728,542 shares of the transportation company’s stock worth $57,220,000 after purchasing an additional 40,578 shares during the period. Institutional investors own 46.77% of the company’s stock.

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.