Hub Group (NASDAQ:HUBG) Earns In-Line Rating from Evercore ISI

Evercore ISI reiterated their in-line rating on shares of Hub Group (NASDAQ:HUBG) in a research note published on Tuesday morning, Marketbeat.com reports. Evercore ISI currently has a $44.00 target price on the transportation company’s stock.

Several other brokerages also recently commented on HUBG. BMO Capital Markets lowered their price target on Hub Group from $48.00 to $45.00 and set a market perform rating on the stock in a report on Friday, April 26th. Stephens lowered their price target 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. Benchmark reiterated a buy rating and set a $49.00 price target on shares of Hub Group in a report on Friday, April 26th. Susquehanna lowered their price target on Hub Group from $49.00 to $46.00 and set a neutral rating on the stock in a report on Monday, March 25th. Finally, StockNews.com upgraded shares of Hub Group from a sell rating to a hold rating in a research note on Friday, March 1st. Eight analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of Hold and a consensus target price of $46.54.

Hub Group Price Performance

Shares of HUBG opened at $42.76 on Tuesday. The firm has a market cap of $2.66 billion, a PE ratio of 20.31 and a beta of 0.90. The firm’s 50 day moving average price is $42.52 and its 200 day moving average price is $43.21. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.28 and a current ratio of 1.28. Hub Group has a twelve month low of $31.73 and a twelve month high of $47.58.

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

Hub Group Announces Dividend

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Silicon Valley Capital Partners lifted its position in Hub Group by 100.6% in the first quarter. Silicon Valley Capital Partners now owns 682 shares of the transportation company’s stock worth $29,000 after purchasing an additional 342 shares during the period. Harel Insurance Investments & Financial Services Ltd. lifted its holdings in shares of Hub Group by 81.5% during the first quarter. Harel Insurance Investments & Financial Services Ltd. now owns 744 shares of the transportation company’s stock valued at $32,000 after acquiring an additional 334 shares during the period. Anchor Investment Management LLC bought a new position in shares of Hub Group during the fourth quarter valued at $37,000. Fidelis Capital Partners LLC bought a new position in shares of Hub Group during the first quarter valued at $38,000. Finally, Versant Capital Management Inc lifted its holdings in shares of Hub Group by 109.2% during the first quarter. Versant Capital Management Inc now owns 1,096 shares of the transportation company’s stock valued at $47,000 after acquiring an additional 572 shares during the period. 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.