Hub Group (NASDAQ:HUBG) PT Raised to $51.00 at JPMorgan Chase & Co.

Hub Group (NASDAQ:HUBG) had its price objective boosted by JPMorgan Chase & Co. from $43.00 to $51.00 in a research note published on Friday morning, Benzinga reports. The brokerage currently has a neutral rating on the transportation company’s stock.

Several other research analysts have also recently issued reports on HUBG. Stephens lowered their price objective on Hub Group from $44.00 to $42.00 and set an equal weight rating for the company in a research report on Friday, April 26th. BMO Capital Markets decreased their target price on Hub Group from $48.00 to $45.00 and set a market perform rating for the company in a research report on Friday, April 26th. Evercore ISI reissued an in-line rating and issued a $44.00 target price on shares of Hub Group in a research report on Tuesday, June 25th. Benchmark reissued a buy rating and issued a $49.00 target price on shares of Hub Group in a research report on Tuesday, July 9th. Finally, TD Cowen cut Hub Group from a buy rating to a hold rating and decreased their target price for the company from $50.00 to $43.00 in a research report on Thursday, July 18th. Ten equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, Hub Group has an average rating of Hold and a consensus target price of $46.04.

Hub Group Trading Down 0.3 %

NASDAQ:HUBG opened at $42.41 on Friday. The stock has a 50-day simple moving average of $43.65 and a 200-day simple moving average of $43.12. The stock has a market cap of $2.64 billion, a P/E ratio of 20.15 and a beta of 0.89. Hub Group has a 1 year low of $31.73 and a 1 year high of $48.39. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.28 and a current ratio of 1.28.

Hub Group (NASDAQ:HUBG) last released its quarterly earnings data on Thursday, August 1st. The transportation company reported $0.47 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.47. The business had revenue of $986.50 million during the quarter, compared to analysts’ expectations of $1.09 billion. Hub Group had a return on equity of 7.38% and a net margin of 2.89%. The business’s quarterly revenue was down 5.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.72 EPS. As a group, analysts anticipate that Hub Group will post 2.02 earnings per share for the current fiscal year.

Hub Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 26th. Shareholders of record on Friday, June 7th were given a dividend of $0.125 per share. The ex-dividend date was Friday, June 7th. This represents a $0.50 dividend on an annualized basis and a yield of 1.18%. Hub Group’s payout ratio is 23.75%.

Hedge Funds Weigh In On Hub Group

Large investors have recently modified their holdings of the business. Family Firm Inc. purchased a new position in shares of Hub Group during the 2nd quarter worth approximately $26,000. Silicon Valley Capital Partners raised its stake in shares of Hub Group by 100.6% during the 1st quarter. Silicon Valley Capital Partners now owns 682 shares of the transportation company’s stock worth $29,000 after buying an additional 342 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. raised its stake in shares of Hub Group by 81.5% during the 1st quarter. Harel Insurance Investments & Financial Services Ltd. now owns 744 shares of the transportation company’s stock worth $32,000 after buying an additional 334 shares in the last quarter. Fidelis Capital Partners LLC purchased a new position in shares of Hub Group during the 1st quarter worth approximately $38,000. Finally, Adirondack Trust Co. raised its stake in shares of Hub Group by 100.0% during the 4th quarter. Adirondack Trust Co. now owns 1,000 shares of the transportation company’s stock worth $92,000 after buying an additional 500 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.