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

Hub Group, Inc. (NASDAQ:HUBG) has been assigned a consensus rating of “Hold” from the seventeen ratings firms that are currently covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and seven have assigned a buy rating to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $43.3333.

A number of analysts recently issued reports on the company. Barclays reissued an “overweight” rating and set a $48.00 target price (up from $38.00) on shares of Hub Group in a research note on Thursday, January 15th. Raymond James Financial reaffirmed an “outperform” rating and issued a $50.00 price target on shares of Hub Group in a research note on Monday, February 9th. Evercore set a $53.00 price objective on shares of Hub Group and gave the stock an “outperform” rating in a research report on Monday, January 12th. Weiss Ratings restated a “hold (c)” rating on shares of Hub Group in a report on Friday, March 27th. Finally, Robert W. Baird set a $29.00 price objective on shares of Hub Group and gave the company a “neutral” rating in a research report on Friday, February 6th.

Hub Group Price Performance

Shares of Hub Group stock opened at $36.50 on Friday. Hub Group has a 1 year low of $30.75 and a 1 year high of $53.26. The business has a 50-day moving average of $40.65 and a two-hundred day moving average of $39.74. The company has a market capitalization of $2.23 billion, a P/E ratio of 21.10, a price-to-earnings-growth ratio of 1.15 and a beta of 1.16. 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 Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 25th. Shareholders of record on Friday, March 13th were paid a $0.125 dividend. The ex-dividend date of this dividend was Friday, March 13th. This represents a $0.50 annualized dividend and a dividend yield of 1.4%. Hub Group’s dividend payout ratio (DPR) is currently 28.90%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of HUBG. New York State Common Retirement Fund boosted its position in Hub Group by 353.0% during the 3rd quarter. New York State Common Retirement Fund now owns 87,559 shares of the transportation company’s stock worth $3,016,000 after acquiring an additional 68,232 shares during the last quarter. Federated Hermes Inc. raised its holdings in shares of Hub Group by 105.7% in the third quarter. Federated Hermes Inc. now owns 52,756 shares of the transportation company’s stock valued at $1,817,000 after purchasing an additional 27,105 shares during the last quarter. Cramer Rosenthal Mcglynn LLC lifted its position in shares of Hub Group by 14.8% in the third quarter. Cramer Rosenthal Mcglynn LLC now owns 860,682 shares of the transportation company’s stock worth $29,642,000 after purchasing an additional 111,150 shares in the last quarter. Allianz Asset Management GmbH lifted its position in shares of Hub Group by 43.9% in the third quarter. Allianz Asset Management GmbH now owns 69,374 shares of the transportation company’s stock worth $2,389,000 after purchasing an additional 21,161 shares in the last quarter. Finally, Deprince Race & Zollo Inc. boosted its holdings in Hub Group by 44.8% during the third quarter. Deprince Race & Zollo Inc. now owns 996,567 shares of the transportation company’s stock worth $34,322,000 after purchasing an additional 308,379 shares during the last quarter. 46.77% of the stock is owned by institutional investors and hedge funds.

About Hub Group

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.