Hub Group (NASDAQ:HUBG) Price Target Lowered to $45.00 at Barclays

Hub Group (NASDAQ:HUBG) had its price objective cut by Barclays from $50.00 to $45.00 in a research note published on Wednesday morning,Benzinga reports. They currently have an equal weight rating on the transportation company’s stock.

A number of other research firms also recently commented on HUBG. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Hub Group in a research note on Friday, March 7th. They set a “hold” rating and a $41.00 price objective for the company. Stifel Nicolaus upped their price target on shares of Hub Group from $46.00 to $53.00 and gave the stock a “buy” rating in a research report on Thursday, January 23rd. Benchmark lifted their price target on shares of Hub Group from $47.00 to $49.00 and gave the company a “buy” rating in a report on Friday, January 10th. Finally, Susquehanna dropped their price objective on Hub Group from $55.00 to $48.00 and set a “positive” rating for the company in a report on Wednesday, March 26th. Eight analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $46.73.

Hub Group Stock Up 2.1 %

HUBG stock opened at $38.01 on Wednesday. The company has a 50 day moving average price of $40.76 and a two-hundred day moving average price of $44.30. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.30 and a current ratio of 1.33. The stock has a market capitalization of $2.34 billion, a P/E ratio of 22.36 and a beta of 1.04. Hub Group has a one year low of $36.04 and a one year high of $53.21.

Hub Group (NASDAQ:HUBG) last posted its quarterly earnings data on Thursday, February 6th. The transportation company reported $0.48 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.48. Hub Group had a return on equity of 7.10% and a net margin of 2.64%. As a group, sell-side analysts expect that Hub Group will post 2.2 EPS for the current year.

Hub Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Tuesday, March 18th were issued a $0.125 dividend. The ex-dividend date of this dividend was Tuesday, March 18th. This represents a $0.50 annualized dividend and a yield of 1.32%. Hub Group’s dividend payout ratio is currently 29.41%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. State Street Corp grew its stake in shares of Hub Group by 0.8% in the third quarter. State Street Corp now owns 2,489,503 shares of the transportation company’s stock valued at $113,148,000 after buying an additional 20,215 shares in the last quarter. Capital International Investors acquired a new stake in Hub Group in the fourth quarter valued at approximately $95,105,000. Invesco Ltd. raised its stake in shares of Hub Group by 1.3% during the fourth quarter. Invesco Ltd. now owns 1,838,308 shares of the transportation company’s stock valued at $81,915,000 after purchasing an additional 23,674 shares during the period. Geode Capital Management LLC lifted its position in shares of Hub Group by 0.7% during the third quarter. Geode Capital Management LLC now owns 1,482,308 shares of the transportation company’s stock worth $67,383,000 after purchasing an additional 10,328 shares in the last quarter. Finally, Balyasny Asset Management L.P. boosted its stake in shares of Hub Group by 77.1% in the fourth quarter. Balyasny Asset Management L.P. now owns 1,147,499 shares of the transportation company’s stock valued at $51,133,000 after purchasing an additional 499,621 shares during the period. 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.