Hub Group (NASDAQ:HUBG) Stock Crosses Above Two Hundred Day Moving Average on Analyst Downgrade

Hub Group, Inc. (NASDAQ:HUBG)’s stock price crossed above its 200-day moving average during trading on Friday after Susquehanna raised their price target on the stock from $46.00 to $47.00. The stock has a 200-day moving average of $34.78 and traded as high as $35.04. Susquehanna currently has a positive rating on the stock. Hub Group shares last traded at $34.16, with a volume of 634,859 shares trading hands.

Several other equities analysts have also recently weighed in on the company. Robert W. Baird assumed coverage on Hub Group in a report on Tuesday, July 1st. They set an “outperform” rating and a $44.00 price objective on the stock. Deutsche Bank Aktiengesellschaft upgraded Hub Group from a “hold” rating to a “buy” rating and set a $41.00 price objective on the stock in a report on Wednesday, July 23rd. Baird R W upgraded Hub Group to a “strong-buy” rating in a report on Tuesday, July 1st. Barclays cut their price objective on Hub Group from $45.00 to $40.00 and set an “equal weight” rating on the stock in a report on Monday, May 12th. Finally, Benchmark cut their price objective on Hub Group from $40.00 to $33.13 and set a “buy” rating on the stock in a report on Friday, May 9th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $38.46.

Institutional Investors Weigh In On Hub Group

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Smartleaf Asset Management LLC raised its stake in shares of Hub Group by 33.4% during the 2nd quarter. Smartleaf Asset Management LLC now owns 1,282 shares of the transportation company’s stock worth $44,000 after purchasing an additional 321 shares in the last quarter. Baird Financial Group Inc. raised its stake in shares of Hub Group by 0.4% during the 2nd quarter. Baird Financial Group Inc. now owns 90,318 shares of the transportation company’s stock worth $3,019,000 after purchasing an additional 329 shares in the last quarter. New York State Common Retirement Fund raised its stake in shares of Hub Group by 2.1% during the 2nd quarter. New York State Common Retirement Fund now owns 19,327 shares of the transportation company’s stock worth $646,000 after purchasing an additional 397 shares in the last quarter. Vident Advisory LLC raised its stake in shares of Hub Group by 3.3% during the 1st quarter. Vident Advisory LLC now owns 13,239 shares of the transportation company’s stock worth $492,000 after purchasing an additional 427 shares in the last quarter. Finally, California State Teachers Retirement System raised its stake in shares of Hub Group by 0.8% during the 2nd quarter. California State Teachers Retirement System now owns 56,812 shares of the transportation company’s stock worth $1,899,000 after purchasing an additional 437 shares in the last quarter. Institutional investors own 46.77% of the company’s stock.

Hub Group Trading Up 0.8%

The company has a market cap of $2.09 billion, a P/E ratio of 20.70, a PEG ratio of 1.14 and a beta of 1.12. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.08. The business has a 50 day moving average price of $35.81 and a 200-day moving average price of $34.78.

Hub Group (NASDAQ:HUBG) last announced its quarterly earnings data on Thursday, July 31st. The transportation company reported $0.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.44 by $0.01. Hub Group had a return on equity of 6.81% and a net margin of 2.65%.The company had revenue of $905.65 million for the quarter, compared to analysts’ expectations of $913.53 million. During the same quarter in the prior year, the business posted $0.47 EPS. The business’s revenue was down 8.2% compared to the same quarter last year. Hub Group has set its FY 2025 guidance at 1.800-2.050 EPS. Analysts forecast that Hub Group, Inc. will post 2.2 earnings per share for the current fiscal year.

Hub Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 24th. Investors of record on Friday, September 12th were issued a dividend of $0.125 per share. The ex-dividend date of this dividend was Friday, September 12th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.5%. Hub Group’s payout ratio is presently 30.30%.

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.