Hub Group, Inc. (NASDAQ:HUBG) Receives Consensus Recommendation of “Hold” from Analysts

Hub Group, Inc. (NASDAQ:HUBG) has been given a consensus recommendation of “Hold” by the nine brokerages that are currently covering the stock, MarketBeat.com reports. Six investment analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $43.68.

HUBG has been the subject of a number of research reports. Deutsche Bank Aktiengesellschaft started coverage on shares of Hub Group in a report on Friday, March 7th. They issued a “hold” rating and a $41.00 price objective for the company. Susquehanna lowered their price target on shares of Hub Group from $55.00 to $48.00 and set a “positive” rating for the company in a report on Wednesday, March 26th. Barclays lowered their price target on shares of Hub Group from $45.00 to $40.00 and set an “equal weight” rating for the company in a report on Monday, May 12th. Benchmark lowered their price target on shares of Hub Group from $40.00 to $33.13 and set a “buy” rating for the company in a report on Friday, May 9th. Finally, TD Cowen lowered their price target on shares of Hub Group from $40.00 to $36.00 and set a “hold” rating for the company in a report on Friday, May 9th.

Institutional Trading of Hub Group

Hedge funds have recently modified their holdings of the stock. Farther Finance Advisors LLC increased its stake in shares of Hub Group by 440.3% in the 1st quarter. Farther Finance Advisors LLC now owns 859 shares of the transportation company’s stock valued at $32,000 after acquiring an additional 700 shares in the last quarter. Nomura Asset Management Co. Ltd. increased its stake in shares of Hub Group by 48.4% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 950 shares of the transportation company’s stock valued at $42,000 after acquiring an additional 310 shares in the last quarter. Caitong International Asset Management Co. Ltd increased its stake in shares of Hub Group by 139,500.0% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 1,396 shares of the transportation company’s stock valued at $52,000 after acquiring an additional 1,395 shares in the last quarter. TD Private Client Wealth LLC grew its position in Hub Group by 89.9% in the 1st quarter. TD Private Client Wealth LLC now owns 1,796 shares of the transportation company’s stock valued at $67,000 after purchasing an additional 850 shares during the period. Finally, Smartleaf Asset Management LLC grew its position in Hub Group by 286.2% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,541 shares of the transportation company’s stock valued at $68,000 after purchasing an additional 1,142 shares during the period. Institutional investors own 46.77% of the company’s stock.

Hub Group Stock Up 0.9%

Shares of NASDAQ HUBG opened at $33.69 on Friday. The company has a 50 day simple moving average of $33.49 and a 200 day simple moving average of $40.25. The firm has a market cap of $2.06 billion, a PE ratio of 19.82 and a beta of 1.15. Hub Group has a 1 year low of $30.75 and a 1 year high of $53.21. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.33 and a quick ratio of 1.30.

Hub Group (NASDAQ:HUBG) last issued its quarterly earnings data on Thursday, May 8th. The transportation company reported $0.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.42 by $0.02. The business had revenue of $915.22 million during the quarter, compared to analyst estimates of $973.86 million. Hub Group had a net margin of 2.64% and a return on equity of 7.10%. The firm’s quarterly revenue was down 8.5% on a year-over-year basis. During the same quarter last year, the business earned $0.44 EPS. On average, research analysts forecast that Hub Group will post 2.2 EPS for the current year.

Hub Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Tuesday, March 18th were paid a $0.125 dividend. The ex-dividend date was Tuesday, March 18th. This represents a $0.50 annualized dividend and a dividend yield of 1.48%. Hub Group’s dividend payout ratio is currently 29.41%.

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.