Hub Group (NASDAQ:HUBG) Given New $42.00 Price Target at Barclays

Hub Group (NASDAQ:HUBG) had its target price hoisted by Barclays from $40.00 to $42.00 in a research note published on Thursday morning, Benzinga reports. The firm currently has an equal weight rating on the transportation company’s stock.

Several other analysts have also commented on HUBG. TD Cowen raised their price objective on shares of Hub Group from $43.00 to $49.00 and gave the stock a “hold” rating in a report on Thursday. Susquehanna raised their price objective on shares of Hub Group from $44.00 to $50.00 and gave the company a “neutral” rating in a research note on Thursday, September 26th. Stifel Nicolaus lowered their price target on Hub Group from $45.00 to $43.00 and set a “buy” rating on the stock in a report on Tuesday, August 6th. UBS Group increased their price objective on shares of Hub Group from $42.00 to $48.00 and gave the company a “neutral” rating in a research report on Friday, August 2nd. Finally, Evercore ISI raised their target price on Hub Group from $41.00 to $43.00 and gave the stock an “in-line” rating in a research report on Thursday, October 3rd. Ten investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $46.00.

Hub Group Price Performance

Shares of NASDAQ:HUBG opened at $43.25 on Thursday. Hub Group has a 52 week low of $33.38 and a 52 week high of $48.39. The company has a quick ratio of 1.32, a current ratio of 1.30 and a debt-to-equity ratio of 0.12. The company’s fifty day moving average is $44.32 and its 200 day moving average is $43.46. The stock has a market cap of $2.69 billion, a PE ratio of 24.57 and a beta of 0.89.

Hub Group (NASDAQ:HUBG) last announced its quarterly earnings results on Wednesday, October 30th. The transportation company reported $0.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.49 by $0.03. The business had revenue of $986.89 million for the quarter, compared to analyst estimates of $1.06 billion. Hub Group had a net margin of 2.74% and a return on equity of 7.44%. The company’s revenue was down 3.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.49 EPS. Research analysts anticipate that Hub Group will post 1.92 earnings per share for the current year.

Hub Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 25th. Investors of record on Friday, September 6th were paid a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 1.16%. The ex-dividend date of this dividend was Friday, September 6th. Hub Group’s dividend payout ratio (DPR) is presently 28.41%.

Hedge Funds Weigh In On Hub Group

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Illinois Municipal Retirement Fund raised its stake in Hub Group by 105.0% during the first 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. Price T Rowe Associates Inc. MD raised its position in shares of Hub Group by 111.3% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 42,792 shares of the transportation company’s stock valued at $1,850,000 after buying an additional 22,542 shares in the last quarter. UniSuper Management Pty Ltd bought a new position in shares of Hub Group in the 1st quarter valued at about $567,000. Seven Eight Capital LP grew its position in 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 acquiring an additional 21,356 shares in the last quarter. Finally, Retirement Systems of Alabama increased its stake in Hub Group by 102.0% during the first quarter. Retirement Systems of Alabama now owns 104,910 shares of the transportation company’s stock worth $4,534,000 after acquiring an additional 52,986 shares during the last quarter. Institutional investors own 46.77% of the company’s stock.

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.