Hub Group, Inc. (NASDAQ:HUBG) Receives $48.50 Average Price Target from Analysts

Shares of Hub Group, Inc. (NASDAQ:HUBG) have been given an average recommendation of “Hold” by the ten brokerages that are presently covering the stock, MarketBeat reports. Seven research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $48.50.

A number of equities analysts recently commented on the company. Benchmark increased their price target on Hub Group from $47.00 to $49.00 and gave the company a “buy” rating in a research note on Friday, January 10th. Stifel Nicolaus upped their target price on shares of Hub Group from $46.00 to $53.00 and gave the company a “buy” rating in a research report on Thursday, January 23rd. Susquehanna raised Hub Group from a “neutral” rating to a “positive” rating and set a $55.00 target price on the stock in a research report on Friday, January 3rd. Finally, Barclays cut their target price on Hub Group from $52.00 to $50.00 and set an “equal weight” rating on the stock in a research note on Monday, February 10th.

Hub Group Price Performance

HUBG stock opened at $41.10 on Friday. 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 company’s fifty day moving average price is $43.79 and its 200-day moving average price is $45.35. Hub Group has a one year low of $38.07 and a one year high of $53.21. The company has a market capitalization of $2.52 billion, a PE ratio of 24.18 and a beta of 0.94.

Hub Group (NASDAQ:HUBG) last announced its quarterly earnings results on Thursday, February 6th. The transportation company reported $0.48 EPS for the quarter, hitting the consensus estimate of $0.48. Hub Group had a net margin of 2.64% and a return on equity of 7.10%. On average, equities analysts anticipate that Hub Group will post 2.2 EPS for the current fiscal year.

Hub Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Friday, December 6th were given a $0.125 dividend. The ex-dividend date of this dividend was Friday, December 6th. This represents a $0.50 annualized dividend and a dividend yield of 1.22%. Hub Group’s dividend payout ratio (DPR) is 29.41%.

Hedge Funds Weigh In On Hub Group

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Integrated Advisors Network LLC purchased a new stake in shares of Hub Group in the third quarter valued at approximately $378,000. VELA Investment Management LLC increased its position in Hub Group by 2.2% during the third quarter. VELA Investment Management LLC now owns 244,460 shares of the transportation company’s stock worth $11,111,000 after purchasing an additional 5,277 shares during the last quarter. Principal Financial Group Inc. raised its stake in Hub Group by 14.3% during the third quarter. Principal Financial Group Inc. now owns 783,456 shares of the transportation company’s stock worth $35,608,000 after purchasing an additional 97,768 shares during the period. Verdence Capital Advisors LLC boosted its holdings in Hub Group by 13.0% in the 3rd quarter. Verdence Capital Advisors LLC now owns 6,598 shares of the transportation company’s stock valued at $300,000 after purchasing an additional 761 shares during the last quarter. Finally, Crossmark Global Holdings Inc. purchased a new stake in shares of Hub Group in the 3rd quarter valued at approximately $204,000. Hedge funds and other institutional investors own 46.77% of the company’s stock.

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.