Hub Group (NASDAQ:HUBG) Receives “In-Line” Rating from Evercore ISI

Evercore ISI reiterated their in-line rating on shares of Hub Group (NASDAQ:HUBG) in a research report report published on Tuesday morning, MarketBeat reports. The brokerage currently has a $44.00 price objective on the transportation company’s stock.

A number of other analysts have also issued reports on the stock. Benchmark reissued a buy rating and set a $49.00 target price on shares of Hub Group in a research note on Friday, April 26th. StockNews.com raised shares of Hub Group from a sell rating to a hold rating in a research report on Friday, March 1st. BMO Capital Markets reduced their target price on shares of Hub Group from $48.00 to $45.00 and set a market perform rating on the stock in a research report on Friday, April 26th. Stephens lowered their price target on Hub Group from $44.00 to $42.00 and set an equal weight rating for the company in a report on Friday, April 26th. Finally, Susquehanna reduced their price objective on Hub Group from $49.00 to $46.00 and set a neutral rating on the stock in a report on Monday, March 25th. Eight investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of Hold and a consensus price target of $46.54.

Hub Group Stock Performance

Shares of NASDAQ:HUBG opened at $43.05 on Tuesday. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.14. Hub Group has a 12 month low of $31.73 and a 12 month high of $47.58. The company has a market capitalization of $2.68 billion, a price-to-earnings ratio of 20.45 and a beta of 0.90. The firm’s 50-day moving average is $42.58 and its 200 day moving average is $43.22.

Hub Group (NASDAQ:HUBG) last released its earnings results on Thursday, April 25th. The transportation company reported $0.44 EPS for the quarter, beating analysts’ consensus estimates of $0.40 by $0.04. Hub Group had a return on equity of 8.48% and a net margin of 3.28%. The firm had revenue of $1,000.00 million for the quarter, compared to analysts’ expectations of $1.05 billion. During the same quarter in the prior year, the firm posted $0.94 earnings per share. The company’s quarterly revenue was down 16.7% on a year-over-year basis. Research analysts predict that Hub Group will post 2.02 EPS for the current year.

Hub Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 26th. Shareholders of record on Friday, June 7th were paid a $0.125 dividend. The ex-dividend date of this dividend was Friday, June 7th. This represents a $0.50 annualized dividend and a yield of 1.16%. Hub Group’s dividend payout ratio (DPR) is presently 23.75%.

Institutional Trading of Hub Group

Several hedge funds have recently modified their holdings of the company. Vanguard Group Inc. raised its stake in shares of Hub Group by 99.1% during the 1st quarter. Vanguard Group Inc. now owns 6,883,930 shares of the transportation company’s stock worth $297,523,000 after acquiring an additional 3,427,047 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in Hub Group by 2.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,475,738 shares of the transportation company’s stock worth $227,623,000 after purchasing an additional 50,783 shares during the last quarter. Victory Capital Management Inc. increased its position in shares of Hub Group by 7.5% during the fourth quarter. Victory Capital Management Inc. now owns 1,801,201 shares of the transportation company’s stock worth $165,602,000 after purchasing an additional 125,924 shares in the last quarter. William Blair Investment Management LLC lifted its holdings in shares of Hub Group by 99.5% during the 1st quarter. William Blair Investment Management LLC now owns 841,980 shares of the transportation company’s stock valued at $36,390,000 after purchasing an additional 419,873 shares during the last quarter. Finally, Pacer Advisors Inc. boosted its position in shares of Hub Group by 54.5% in the 4th quarter. Pacer Advisors Inc. now owns 727,572 shares of the transportation company’s stock worth $66,893,000 after purchasing an additional 256,551 shares in the last quarter. 46.77% of the stock is owned by hedge funds and other institutional investors.

Hub Group Company Profile

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.