Brokerages Set Hub Group, Inc. (NASDAQ:HUBG) Target Price at $47.42

Hub Group, Inc. (NASDAQ:HUBG) has earned an average recommendation of “Hold” from the twelve research firms that are currently covering the company, Marketbeat reports. Eight research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $47.58.

A number of equities analysts have weighed in on HUBG shares. Barclays boosted their price objective on Hub Group from $42.00 to $52.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 13th. TD Cowen upped their price objective on shares of Hub Group from $43.00 to $49.00 and gave the company a “hold” rating in a report on Thursday, October 31st. Benchmark lifted their target price on shares of Hub Group from $47.00 to $49.00 and gave the stock a “buy” rating in a research note on Friday. Susquehanna raised shares of Hub Group from a “neutral” rating to a “positive” rating and set a $55.00 price target for the company in a research note on Friday, January 3rd. Finally, Evercore ISI lifted their price target on shares of Hub Group from $41.00 to $43.00 and gave the company an “in-line” rating in a research report on Thursday, October 3rd.

Institutional Trading of Hub Group

A number of institutional investors and hedge funds have recently bought and sold shares of HUBG. GAMMA Investing LLC grew its holdings in shares of Hub Group by 65.0% in the third quarter. GAMMA Investing LLC now owns 711 shares of the transportation company’s stock valued at $32,000 after purchasing an additional 280 shares in the last quarter. Point72 Hong Kong Ltd acquired a new position in shares of Hub Group in the second quarter worth $34,000. SG Americas Securities LLC acquired a new position in shares of Hub Group in the third quarter worth $106,000. CWM LLC raised its stake in shares of Hub Group by 24.8% in the third quarter. CWM LLC now owns 2,853 shares of the transportation company’s stock valued at $130,000 after acquiring an additional 567 shares in the last quarter. Finally, nVerses Capital LLC purchased a new position in Hub Group in the third quarter valued at $182,000. 46.77% of the stock is currently owned by hedge funds and other institutional investors.

Hub Group Price Performance

Hub Group stock opened at $43.70 on Thursday. The company has a fifty day simple moving average of $47.87 and a 200-day simple moving average of $45.41. The firm has a market capitalization of $2.68 billion, a price-to-earnings ratio of 24.83 and a beta of 0.94. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 0.12. Hub Group has a 52-week low of $38.07 and a 52-week high of $53.21.

Hub Group (NASDAQ:HUBG) last announced its quarterly earnings data on Wednesday, October 30th. The transportation company reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.49 by $0.03. The company had revenue of $986.89 million during the quarter, compared to analysts’ expectations of $1.06 billion. Hub Group had a net margin of 2.74% and a return on equity of 7.44%. Hub Group’s revenue was down 3.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.49 EPS. On average, equities analysts anticipate that Hub Group will post 1.91 EPS for the current fiscal year.

Hub Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Friday, December 6th were issued a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 1.14%. The ex-dividend date was Friday, December 6th. Hub Group’s dividend payout ratio (DPR) is 28.41%.

About Hub Group

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.