Susquehanna Raises Hub Group (NASDAQ:HUBG) Price Target to $50.00

Hub Group (NASDAQ:HUBG) had its target price boosted by Susquehanna from $44.00 to $50.00 in a report issued on Thursday, Benzinga reports. They currently have a neutral rating on the transportation company’s stock.

Other equities research analysts also recently issued reports about the company. JPMorgan Chase & Co. lifted their price objective on Hub Group from $43.00 to $51.00 and gave the stock a neutral rating in a report on Friday, August 2nd. Evercore ISI restated an in-line rating and set a $44.00 price target on shares of Hub Group in a research note on Tuesday, June 25th. Stifel Nicolaus cut their price target on Hub Group from $45.00 to $43.00 and set a buy rating for the company in a research note on Tuesday, August 6th. Benchmark restated a buy rating and set a $47.00 price target on shares of Hub Group in a research note on Tuesday, September 17th. Finally, TD Cowen downgraded Hub Group from a buy rating to a hold rating and cut their price target for the company from $50.00 to $43.00 in a research note on Thursday, July 18th. Ten analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, Hub Group currently has a consensus rating of Hold and an average target price of $45.65.

Hub Group Price Performance

NASDAQ HUBG opened at $45.18 on Thursday. Hub Group has a one year low of $31.73 and a one year high of $48.39. The stock has a 50-day moving average of $44.52 and a 200 day moving average of $43.15. The company has a market capitalization of $2.82 billion, a price-to-earnings ratio of 21.51 and a beta of 0.89. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.32 and a current ratio of 1.32.

Hub Group (NASDAQ:HUBG) last released its quarterly earnings data on Thursday, August 1st. The transportation company reported $0.47 EPS for the quarter, hitting the consensus estimate of $0.47. Hub Group had a return on equity of 7.37% and a net margin of 2.89%. The company had revenue of $986.50 million during the quarter, compared to the consensus estimate of $1.09 billion. During the same period last year, the company earned $0.72 EPS. Hub Group’s revenue for the quarter was down 5.2% on a year-over-year basis. On average, sell-side analysts forecast that Hub Group will post 1.93 EPS for the current year.

Hub Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 25th. Stockholders of record on Friday, September 6th were given a dividend of $0.125 per share. The ex-dividend date was Friday, September 6th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.11%. Hub Group’s payout ratio is currently 23.81%.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Illinois Municipal Retirement Fund lifted its position in shares of Hub Group by 105.0% during the 1st quarter. Illinois Municipal Retirement Fund now owns 35,192 shares of the transportation company’s stock valued at $1,521,000 after buying an additional 18,023 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in Hub Group by 111.3% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 42,792 shares of the transportation company’s stock worth $1,850,000 after purchasing an additional 22,542 shares in the last quarter. UniSuper Management Pty Ltd purchased a new position in Hub Group in the 1st quarter worth approximately $567,000. Seven Eight Capital LP lifted its holdings in Hub Group by 509.7% in the 1st quarter. Seven Eight Capital LP now owns 25,546 shares of the transportation company’s stock worth $1,104,000 after purchasing an additional 21,356 shares in the last quarter. Finally, Retirement Systems of Alabama lifted its holdings in Hub Group by 102.0% in the 1st quarter. Retirement Systems of Alabama now owns 104,910 shares of the transportation company’s stock worth $4,534,000 after purchasing an additional 52,986 shares in the last quarter. 46.77% of the stock is owned by hedge funds and other institutional investors.

Hub Group Company Profile

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.