Hub Group, Inc. (NASDAQ:HUBG) Receives $46.83 Consensus PT from Analysts

Hub Group, Inc. (NASDAQ:HUBG) has received an average recommendation of “Hold” from the twelve research firms that are currently covering the company, Marketbeat reports. Nine analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $46.83.

HUBG has been the subject of several recent research reports. TD Cowen increased their target price on shares of Hub Group from $43.00 to $49.00 and gave the stock a “hold” rating in a report on Thursday, October 31st. Benchmark restated a “buy” rating and set a $47.00 price objective on shares of Hub Group in a research note on Friday, November 1st. Barclays lifted their target price on Hub Group from $42.00 to $52.00 and gave the company an “equal weight” rating in a research report on Wednesday, November 13th. Susquehanna reduced their price target on Hub Group from $50.00 to $48.00 and set a “neutral” rating for the company in a research report on Friday, November 1st. Finally, Evercore ISI boosted their price target 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.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Select Equity Group L.P. grew its position in shares of Hub Group by 19.4% in the second quarter. Select Equity Group L.P. now owns 1,836,354 shares of the transportation company’s stock valued at $79,055,000 after purchasing an additional 298,390 shares during the last quarter. Point72 Asset Management L.P. acquired a new position in Hub Group in the 2nd quarter valued at $4,680,000. Principal Financial Group Inc. increased its position in Hub Group by 14.3% during the 3rd quarter. Principal Financial Group Inc. now owns 783,456 shares of the transportation company’s stock worth $35,608,000 after buying an additional 97,768 shares during the period. Barclays PLC boosted its position in shares of Hub Group by 199.6% in the third quarter. Barclays PLC now owns 117,774 shares of the transportation company’s stock valued at $5,354,000 after acquiring an additional 78,467 shares during the period. Finally, American Century Companies Inc. grew its stake in shares of Hub Group by 6.1% in the second quarter. American Century Companies Inc. now owns 1,322,166 shares of the transportation company’s stock valued at $56,919,000 after acquiring an additional 76,431 shares in the last quarter. 46.77% of the stock is owned by institutional investors.

Hub Group Trading Down 4.4 %

Shares of NASDAQ:HUBG opened at $43.07 on Friday. The firm has a market cap of $2.64 billion, a price-to-earnings ratio of 24.47 and a beta of 0.92. Hub Group has a 12 month low of $38.07 and a 12 month high of $53.21. The company’s fifty day simple moving average is $47.74 and its 200 day simple moving average is $45.26. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 0.12.

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

Hub Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Friday, December 6th were issued a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 1.16%. The ex-dividend date was Friday, December 6th. Hub Group’s payout ratio is 28.41%.

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.