Benchmark Increases Hub Group (NASDAQ:HUBG) Price Target to $50.00

Hub Group (NASDAQ:HUBG) had its price objective hoisted by research analysts at Benchmark from $40.00 to $50.00 in a research report issued to clients and investors on Friday, Marketbeat Ratings reports. The firm currently has a “buy” rating on the transportation company’s stock. Benchmark’s price target indicates a potential upside of 5.42% from the company’s current price.

HUBG has been the topic of several other reports. Susquehanna increased their target price on shares of Hub Group from $42.00 to $55.00 and gave the stock a “positive” rating in a research note on Thursday, January 8th. 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 report on Monday, November 3rd. Stifel Nicolaus set a $52.00 price target on Hub Group and gave the stock a “buy” rating in a research report on Wednesday, January 14th. UBS Group reissued a “neutral” rating and issued a $38.00 price objective (up from $36.00) on shares of Hub Group in a report on Friday, October 10th. Finally, Morgan Stanley set a $46.00 target price on Hub Group and gave the stock an “equal weight” rating in a research note on Monday, December 8th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $46.20.

Hub Group Stock Down 1.7%

Shares of HUBG opened at $47.43 on Friday. The company has a market capitalization of $2.90 billion, a price-to-earnings ratio of 27.42, a PEG ratio of 1.35 and a beta of 1.14. Hub Group has a 52 week low of $30.75 and a 52 week high of $48.89. The stock’s 50-day moving average price is $42.65 and its 200-day moving average price is $38.08. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 0.09.

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. The company had revenue of $934.50 million during the quarter, compared to the consensus estimate of $937.78 million. Hub Group had a return on equity of 6.58% and a net margin of 2.82%.Hub Group’s revenue for the quarter was down 5.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.52 earnings per share. 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.

Insider Activity at Hub Group

In other news, Director Gary Yablon acquired 4,566 shares of Hub Group stock in a transaction that occurred on Thursday, December 11th. The stock was purchased at an average cost of $43.73 per share, with a total value of $199,671.18. Following the purchase, the director owned 32,778 shares in the company, valued at $1,433,381.94. This trade represents a 16.18% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Phillip D. Yeager sold 32,000 shares of the firm’s stock in a transaction on Thursday, December 11th. The shares were sold at an average price of $43.68, for a total value of $1,397,760.00. Following the completion of 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 position. The disclosure for this sale is available in the SEC filing. 3.48% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Hub Group

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Frazier Financial Advisors LLC acquired a new stake in Hub Group in the 3rd quarter valued at about $35,000. Quarry LP grew its position in shares of Hub Group by 271.5% in the third quarter. Quarry LP now owns 1,107 shares of the transportation company’s stock valued at $38,000 after purchasing an additional 809 shares in the last quarter. Smartleaf Asset Management LLC increased its holdings in shares of Hub Group by 33.4% in the second quarter. Smartleaf Asset Management LLC now owns 1,282 shares of the transportation company’s stock valued at $44,000 after purchasing an additional 321 shares during the last quarter. GAMMA Investing LLC lifted its position in Hub Group by 161.9% during the second quarter. GAMMA Investing LLC now owns 1,375 shares of the transportation company’s stock worth $46,000 after buying an additional 850 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd lifted its position in Hub Group by 884.1% during the third quarter. Caitong International Asset Management Co. Ltd now owns 1,486 shares of the transportation company’s stock worth $51,000 after buying an additional 1,335 shares in the last quarter. 46.77% of the stock is currently 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.