Hub Group (NASDAQ:HUBG) Upgraded at Evercore ISI

Evercore ISI upgraded shares of Hub Group (NASDAQ:HUBG) from a hold rating to an outperform rating in a research report released on Monday morning, Marketbeat reports. Evercore ISI currently has $53.00 price objective on the transportation company’s stock, up from their previous price objective of $38.00.

HUBG has been the topic of several other reports. Robert W. Baird set a $47.00 price objective on Hub Group in a research report on Tuesday, January 6th. Stifel Nicolaus set a $48.00 target price on Hub Group and gave the company a “buy” rating in a research note on Tuesday, December 16th. BMO Capital Markets upped their price target on Hub Group from $38.00 to $40.00 and gave the stock a “market perform” rating in a research note on Monday, November 3rd. JPMorgan Chase & Co. increased their price objective on Hub Group from $42.00 to $50.00 and gave the stock a “neutral” rating in a report on Monday. Finally, Morgan Stanley set a $46.00 target price on shares of Hub Group and gave the company an “equal weight” rating in a report on Monday, December 8th. Two analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $44.87.

Hub Group Price Performance

Shares of Hub Group stock opened at $47.15 on Monday. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 0.09. The company has a market cap of $2.88 billion, a PE ratio of 27.25, a P/E/G ratio of 1.34 and a beta of 1.14. The business has a 50 day moving average of $41.01 and a 200 day moving average of $37.49. Hub Group has a 52 week low of $30.75 and a 52 week high of $47.68.

Hub Group (NASDAQ:HUBG) last released its quarterly earnings results on Thursday, October 30th. The transportation company reported $0.49 earnings per share for the quarter, meeting the consensus estimate of $0.49. Hub Group had a net margin of 2.82% and a return on equity of 6.58%. The business had revenue of $934.50 million for the quarter, compared to analysts’ expectations of $937.78 million. During the same quarter in the previous year, the business posted $0.52 earnings per share. The firm’s revenue for the quarter 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. As a group, equities research analysts forecast that Hub Group will post 2.2 earnings per share for the current year.

Hub Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 17th. Stockholders of record on Friday, December 5th were issued a dividend of $0.125 per share. The ex-dividend date was Friday, December 5th. This represents a $0.50 annualized dividend and a dividend yield of 1.1%. Hub Group’s dividend payout ratio (DPR) is presently 28.90%.

Insider Transactions at Hub Group

In related news, CEO Phillip D. Yeager sold 32,000 shares of the stock in a transaction dated Thursday, December 11th. The shares were sold at an average price of $43.68, for a total transaction of $1,397,760.00. Following the sale, the chief executive officer directly owned 168,315 shares of the company’s stock, valued at approximately $7,351,999.20. This represents a 15.97% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Gary Yablon acquired 4,566 shares of Hub Group stock in a transaction on Thursday, December 11th. The shares were purchased at an average price of $43.73 per share, with a total value of $199,671.18. Following the completion of the purchase, the director owned 32,778 shares in the company, valued at $1,433,381.94. This represents a 16.18% increase in their position. The SEC filing for this purchase provides additional information. Insiders own 3.48% of the company’s stock.

Hedge Funds Weigh In On Hub Group

Hedge funds have recently added to or reduced their stakes in the company. Moody National Bank Trust Division boosted its stake in Hub Group by 29.1% during the 4th quarter. Moody National Bank Trust Division now owns 11,596 shares of the transportation company’s stock valued at $494,000 after purchasing an additional 2,615 shares during the last quarter. Legacy Wealth Asset Management LLC bought a new position in shares of Hub Group during the fourth quarter valued at $216,000. SG Americas Securities LLC lifted its holdings in shares of Hub Group by 148.3% during the fourth quarter. SG Americas Securities LLC now owns 75,985 shares of the transportation company’s stock valued at $3,238,000 after purchasing an additional 45,381 shares in the last quarter. CIBC Private Wealth Group LLC boosted its position in shares of Hub Group by 111.8% during the third quarter. CIBC Private Wealth Group LLC now owns 3,755 shares of the transportation company’s stock valued at $129,000 after buying an additional 1,982 shares during the last quarter. Finally, CIBC Bancorp USA Inc. bought a new stake in Hub Group in the 3rd quarter worth about $219,000. 46.77% of the stock is currently owned by hedge funds and other institutional investors.

Hub Group Company Profile

Hub Group, Inc (NASDAQ: HUBG) is a leading supply chain solutions provider headquartered in Oak Brook, Illinois. Founded in 1971 as Hub City Terminals and renamed Hub Group in 1978, the company completed its initial public offering in 2007. Over the decades, Hub Group has developed a comprehensive multimodal transportation network, leveraging partnerships with major rail carriers and an extensive drayage fleet to offer cost-efficient, sustainable shipping alternatives.

The company operates through two primary segments: Intermodal and Transportation Management.