Hub Group, Inc. (NASDAQ:HUBG) Receives Consensus Recommendation of “Hold” from Analysts

Hub Group, Inc. (NASDAQ:HUBG) has been assigned a consensus rating of “Hold” from the twelve brokerages that are presently covering the company, MarketBeat.com reports. Nine investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $46.83.

HUBG has been the topic of a number of recent research reports. TD Cowen boosted their target price on Hub Group from $43.00 to $49.00 and gave the company a “hold” rating in a research note on Thursday, October 31st. UBS Group boosted their price target on Hub Group from $42.00 to $48.00 and gave the company a “neutral” rating in a research note on Friday, August 2nd. JPMorgan Chase & Co. raised their price objective on shares of Hub Group from $43.00 to $51.00 and gave the company a “neutral” rating in a research report on Friday, August 2nd. Stifel Nicolaus decreased their target price on shares of Hub Group from $45.00 to $43.00 and set a “buy” rating for the company in a research report on Tuesday, August 6th. Finally, Susquehanna dropped their price target on shares of Hub Group from $50.00 to $48.00 and set a “neutral” rating on the stock in a research note on Friday, November 1st.

Institutional Trading of Hub Group

Several hedge funds have recently added to or reduced their stakes in HUBG. Geode Capital Management LLC increased its position in Hub Group by 0.7% in the 3rd quarter. Geode Capital Management LLC now owns 1,482,308 shares of the transportation company’s stock worth $67,383,000 after buying an additional 10,328 shares during the period. Barclays PLC increased its position in Hub Group by 199.6% during the third quarter. Barclays PLC now owns 117,774 shares of the transportation company’s stock worth $5,354,000 after acquiring an additional 78,467 shares during the period. Y Intercept Hong Kong Ltd acquired a new position in Hub Group during the 3rd quarter valued at $286,000. XTX Topco Ltd bought a new stake in Hub Group in the 3rd quarter valued at $481,000. Finally, iSAM Funds UK Ltd acquired a new stake in Hub Group in the 3rd quarter worth $214,000. Institutional investors own 46.77% of the company’s stock.

Hub Group Price Performance

NASDAQ HUBG opened at $52.44 on Wednesday. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.30 and a quick ratio of 1.30. The firm has a market capitalization of $3.22 billion, a price-to-earnings ratio of 29.80 and a beta of 0.89. The company has a 50 day simple moving average of $45.68 and a 200-day simple moving average of $44.40. Hub Group has a 52-week low of $36.88 and a 52-week high of $53.21.

Hub Group (NASDAQ:HUBG) last issued its earnings results on Wednesday, October 30th. The transportation company reported $0.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.49 by $0.03. Hub Group had a net margin of 2.74% and a return on equity of 7.44%. The company had revenue of $986.89 million during the quarter, compared to analyst estimates of $1.06 billion. During the same quarter last year, the business posted $0.49 EPS. The company’s revenue for the quarter was down 3.7% on a year-over-year basis. Equities research analysts predict that Hub Group will post 1.91 earnings per share for the current fiscal year.

Hub Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, December 6th will be paid a $0.125 dividend. The ex-dividend date is Friday, December 6th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 0.95%. Hub Group’s payout ratio is presently 28.41%.

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.