Hub Group (NASDAQ:HUBG) Upgraded at Zacks Research

Zacks Research upgraded shares of Hub Group (NASDAQ:HUBG) from a strong sell rating to a hold rating in a research note issued to investors on Monday morning,Zacks.com reports.

HUBG has been the subject of a number of other reports. UBS Group reiterated a “neutral” rating and set a $38.00 target price (up from $36.00) on shares of Hub Group in a research note on Friday, October 10th. Raymond James Financial set a $40.00 price objective on Hub Group and gave the company an “outperform” rating in a research report on Tuesday, October 14th. Barclays dropped their target price on Hub Group from $40.00 to $38.00 and set an “equal weight” rating on the stock in a research report on Thursday, October 2nd. Benchmark reiterated a “buy” rating and issued a $40.00 price objective on shares of Hub Group in a research note on Wednesday, October 8th. Finally, BMO Capital Markets raised their price objective on shares of Hub Group from $38.00 to $40.00 and gave the stock a “market perform” rating in a report on Monday, November 3rd. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $39.83.

Hub Group Trading Up 0.2%

Hub Group stock opened at $39.91 on Monday. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.47 and a quick ratio of 1.47. Hub Group has a one year low of $30.75 and a one year high of $51.38. The stock has a market capitalization of $2.44 billion, a PE ratio of 23.07, a price-to-earnings-growth ratio of 1.38 and a beta of 1.16. The business’s fifty day moving average is $35.88 and its 200 day moving average is $35.37.

Hub Group (NASDAQ:HUBG) last announced its quarterly earnings results on Thursday, October 30th. The transportation company reported $0.49 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.49. Hub Group had a net margin of 2.82% and a return on equity of 6.58%. The firm had revenue of $934.50 million for the quarter, compared to the consensus estimate of $937.78 million. During the same quarter last year, the firm posted $0.52 EPS. The business’s quarterly revenue was down 5.3% compared to the same quarter last year. Hub Group has set its FY 2025 guidance at 1.800-1.900 EPS. On average, sell-side analysts predict that Hub Group will post 2.2 EPS for the current year.

Hub Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 17th. Stockholders of record on Friday, December 5th will be given a dividend of $0.125 per share. The ex-dividend date is Friday, December 5th. This represents a $0.50 annualized dividend and a dividend yield of 1.3%. Hub Group’s dividend payout ratio (DPR) is presently 28.90%.

Institutional Trading of Hub Group

Hedge funds have recently bought and sold shares of the stock. GAMMA Investing LLC grew its holdings in Hub Group by 161.9% during the 2nd quarter. GAMMA Investing LLC now owns 1,375 shares of the transportation company’s stock valued at $46,000 after buying an additional 850 shares in the last quarter. Polar Asset Management Partners Inc. bought a new position in shares of Hub Group during the 1st quarter valued at approximately $1,482,000. Raymond James Financial Inc. grew its holdings in shares of Hub Group by 14.4% in the first quarter. Raymond James Financial Inc. now owns 239,146 shares of the transportation company’s stock valued at $8,890,000 after purchasing an additional 30,083 shares in the last quarter. State of Alaska Department of Revenue increased its position in Hub Group by 7.4% in the second quarter. State of Alaska Department of Revenue now owns 36,140 shares of the transportation company’s stock worth $1,207,000 after purchasing an additional 2,480 shares during the last quarter. Finally, Northern Trust Corp increased its position in Hub Group by 0.9% in the first quarter. Northern Trust Corp now owns 631,515 shares of the transportation company’s stock worth $23,473,000 after purchasing an additional 5,800 shares during the last quarter. Hedge funds and other institutional investors own 46.77% of the company’s stock.

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.