Susquehanna Lowers Hub Group (NASDAQ:HUBG) Price Target to $44.00

Hub Group (NASDAQ:HUBG) had its price objective cut by Susquehanna from $45.00 to $44.00 in a report published on Friday, Benzinga reports. They currently have a neutral rating on the transportation company’s stock.

HUBG has been the subject of a number of other reports. JPMorgan Chase & Co. reduced their price target on shares of Hub Group from $44.00 to $43.00 and set a neutral rating for the company in a research report on Tuesday, July 9th. BMO Capital Markets lowered their price target on shares of Hub Group from $48.00 to $45.00 and set a market perform rating on the stock in a report on Friday, April 26th. Evercore ISI reiterated an in-line rating and set a $44.00 price objective on shares of Hub Group in a report on Tuesday, June 25th. Stephens reduced 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. Finally, TD Cowen lowered Hub Group from a buy rating to a hold rating and dropped their target price for the stock from $50.00 to $43.00 in a research report on Thursday, July 18th. Ten 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 $45.35.

Hub Group Trading Up 1.1 %

Hub Group stock traded up $0.48 during midday trading on Friday, reaching $42.89. The stock had a trading volume of 665,796 shares, compared to its average volume of 450,335. Hub Group has a twelve month low of $31.73 and a twelve month high of $48.39. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.28 and a quick ratio of 1.28. The firm has a market cap of $2.67 billion, a price-to-earnings ratio of 20.36 and a beta of 0.89. The firm’s fifty day simple moving average is $43.65 and its two-hundred day simple moving average is $43.12.

Hub Group (NASDAQ:HUBG) last issued its earnings results on Thursday, August 1st. The transportation company reported $0.47 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%. Hub Group’s revenue was down 5.2% compared to the same quarter last year. During the same quarter last year, the firm posted $0.72 earnings per share. Equities analysts anticipate that Hub Group will post 2.02 EPS for the current fiscal year.

Hub Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 26th. Investors of record on Friday, June 7th were issued a $0.125 dividend. The ex-dividend date was Friday, June 7th. This represents a $0.50 annualized dividend and a yield of 1.17%. Hub Group’s dividend payout ratio (DPR) is presently 23.75%.

Institutional Investors Weigh In On Hub Group

Hedge funds have recently bought and sold shares of the company. Family Firm Inc. bought a new stake in shares of Hub Group in the second quarter valued at approximately $26,000. Silicon Valley Capital Partners increased its stake in Hub Group by 100.6% during the first quarter. Silicon Valley Capital Partners now owns 682 shares of the transportation company’s stock valued at $29,000 after acquiring an additional 342 shares during the period. Harel Insurance Investments & Financial Services Ltd. lifted its position in shares of Hub Group by 81.5% in the 1st quarter. Harel Insurance Investments & Financial Services Ltd. now owns 744 shares of the transportation company’s stock worth $32,000 after acquiring an additional 334 shares during the period. Fidelis Capital Partners LLC acquired a new stake in shares of Hub Group during the 1st quarter worth approximately $38,000. Finally, Versant Capital Management Inc increased its position in shares of Hub Group by 109.2% during the first quarter. Versant Capital Management Inc now owns 1,096 shares of the transportation company’s stock valued at $47,000 after purchasing an additional 572 shares during the period. 46.77% of the stock is currently owned by institutional investors.

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.