Hub Group (NASDAQ:HUBG) PT Raised to $50.00 at Susquehanna

Hub Group (NASDAQ:HUBG) had its target price raised by Susquehanna from $44.00 to $50.00 in a report published on Thursday, Benzinga reports. Susquehanna currently has a neutral rating on the transportation company’s stock.

Other equities research analysts also recently issued reports about the company. JPMorgan Chase & Co. upped their price objective on Hub Group from $43.00 to $51.00 and gave the company a neutral rating in a research report on Friday, August 2nd. UBS Group upped their price objective on Hub Group from $42.00 to $48.00 and gave the company a neutral rating in a research report on Friday, August 2nd. TD Cowen downgraded Hub Group from a buy rating to a hold rating and reduced their price target for the stock from $50.00 to $43.00 in a report on Thursday, July 18th. Evercore ISI reiterated an in-line rating and issued a $44.00 price target on shares of Hub Group in a report on Tuesday, June 25th. Finally, Benchmark reiterated a buy rating and issued a $47.00 price target on shares of Hub Group in a report on Tuesday, September 17th. Ten research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of Hold and an average price target of $45.65.

Hub Group Trading Up 0.6 %

Shares of NASDAQ HUBG opened at $45.18 on Thursday. Hub Group has a 1-year low of $31.73 and a 1-year high of $48.39. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.32 and a quick ratio of 1.32. The business’s 50 day moving average is $44.52 and its two-hundred day moving average is $43.15. The stock has a market capitalization of $2.82 billion, a P/E ratio of 21.51 and a beta of 0.89.

Hub Group (NASDAQ:HUBG) last issued its quarterly earnings data on Thursday, August 1st. The transportation company reported $0.47 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.47. Hub Group had a return on equity of 7.37% and a net margin of 2.89%. The business had revenue of $986.50 million for the quarter, compared to the consensus estimate of $1.09 billion. During the same period in the prior year, the business posted $0.72 earnings per share. The company’s quarterly revenue was down 5.2% compared to the same quarter last year. As a group, research analysts expect that Hub Group will post 1.93 EPS for the current year.

Hub Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 25th. Investors of record on Friday, September 6th were paid a $0.125 dividend. The ex-dividend date of this dividend was Friday, September 6th. This represents a $0.50 annualized dividend and a yield of 1.11%. Hub Group’s dividend payout ratio (DPR) is currently 23.81%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of HUBG. Vanguard Group Inc. grew its stake in Hub Group by 99.1% in the first quarter. Vanguard Group Inc. now owns 6,883,930 shares of the transportation company’s stock worth $297,523,000 after purchasing an additional 3,427,047 shares in the last quarter. William Blair Investment Management LLC grew its stake in Hub Group by 99.5% in the first quarter. William Blair Investment Management LLC now owns 841,980 shares of the transportation company’s stock worth $36,390,000 after purchasing an additional 419,873 shares in the last quarter. Principal Financial Group Inc. grew its stake in Hub Group by 109.6% in the first quarter. Principal Financial Group Inc. now owns 702,443 shares of the transportation company’s stock worth $30,360,000 after purchasing an additional 367,345 shares in the last quarter. Norges Bank bought a new stake in Hub Group during the 4th quarter valued at $31,439,000. Finally, Select Equity Group L.P. boosted its position in Hub Group by 19.4% during the 2nd quarter. Select Equity Group L.P. now owns 1,836,354 shares of the transportation company’s stock valued at $79,055,000 after acquiring an additional 298,390 shares in the last quarter. Institutional investors own 46.77% of the company’s stock.

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.