Hub Group, Inc. (NASDAQ:HUBG) Given Consensus Rating of “Hold” by Brokerages

Hub Group, Inc. (NASDAQ:HUBG) has received an average recommendation of “Hold” from the seventeen ratings firms that are currently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, eight have issued a hold recommendation and eight have assigned a buy recommendation to the company. The average 1-year price target among brokers that have covered the stock in the last year is $44.5333.

A number of brokerages recently issued reports on HUBG. Stifel Nicolaus set a $27.00 target price on shares of Hub Group and gave the stock a “sell” rating in a research report on Friday, February 6th. Morgan Stanley set a $46.00 price objective on shares of Hub Group and gave the stock an “equal weight” rating in a research note on Monday, December 8th. Wolfe Research reiterated an “outperform” rating and issued a $50.00 target price on shares of Hub Group in a research note on Thursday, January 8th. Robert W. Baird set a $29.00 price target on Hub Group and gave the company a “neutral” rating in a report on Friday, February 6th. Finally, Benchmark lifted their price objective on Hub Group from $40.00 to $50.00 and gave the company a “buy” rating in a research report on Friday, January 23rd.

Hub Group Price Performance

Shares of HUBG stock opened at $38.99 on Tuesday. The stock’s fifty day simple moving average is $44.52 and its 200 day simple moving average is $39.97. Hub Group has a one year low of $30.75 and a one year high of $53.26. The firm has a market cap of $2.38 billion, a price-to-earnings ratio of 22.54, a P/E/G ratio of 1.23 and a beta of 1.14. 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 Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 25th. Investors of record on Friday, March 13th will be given a dividend of $0.125 per share. The ex-dividend date is Friday, March 13th. This represents a $0.50 annualized dividend and a yield of 1.3%. Hub Group’s dividend payout ratio is 28.90%.

Insider Transactions at Hub Group

In related news, Director Gary Yablon bought 4,566 shares of the company’s stock in a transaction on Thursday, December 11th. The stock was bought at an average cost 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 approximately $1,433,381.94. The trade was a 16.18% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Phillip D. Yeager sold 32,000 shares of the company’s stock in a transaction that occurred on Thursday, December 11th. The stock was sold at an average price of $43.68, for a total transaction of $1,397,760.00. Following the transaction, the chief executive officer owned 168,315 shares in the company, valued at $7,351,999.20. The trade was a 15.97% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 3.48% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Dimensional Fund Advisors LP boosted its position in Hub Group by 0.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 4,098,160 shares of the transportation company’s stock valued at $174,625,000 after buying an additional 35,866 shares during the last quarter. Capital International Investors raised its position in shares of Hub Group by 16.9% during the fourth quarter. Capital International Investors now owns 3,465,688 shares of the transportation company’s stock worth $147,673,000 after acquiring an additional 501,955 shares during the last quarter. Wellington Management Group LLP bought a new stake in shares of Hub Group during the fourth quarter worth $139,588,000. State Street Corp lifted its stake in shares of Hub Group by 1.0% during the fourth quarter. State Street Corp now owns 2,466,866 shares of the transportation company’s stock valued at $105,113,000 after acquiring an additional 25,148 shares during the period. Finally, Invesco Ltd. boosted its holdings in Hub Group by 8.1% in the fourth quarter. Invesco Ltd. now owns 2,118,108 shares of the transportation company’s stock valued at $90,253,000 after acquiring an additional 159,174 shares during the last quarter. Institutional investors own 46.77% of the company’s stock.

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.