Hub Group, Inc. (NASDAQ:HUBG) Receives $46.83 Average PT from Analysts

Hub Group, Inc. (NASDAQ:HUBG - Get Free Report) has received a consensus recommendation of "Hold" from the twelve analysts that are currently covering the stock, Marketbeat.com reports. Nine equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $46.83.

Several analysts recently weighed in on the company. TD Cowen raised their price objective on Hub Group from $43.00 to $49.00 and gave the company a "hold" rating in a research note on Thursday, October 31st. Benchmark restated a "buy" rating and issued a $47.00 target price on shares of Hub Group in a research report on Friday, November 1st. Susquehanna lowered their price target on shares of Hub Group from $50.00 to $48.00 and set a "neutral" rating for the company in a report on Friday, November 1st. UBS Group boosted their price objective on Hub Group from $42.00 to $48.00 and gave the stock a "neutral" rating in a research report on Friday, August 2nd. Finally, Stifel Nicolaus cut their price target on Hub Group from $45.00 to $43.00 and set a "buy" rating on the stock in a research note on Tuesday, August 6th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. GAMMA Investing LLC boosted its stake in Hub Group by 65.0% during the third quarter. GAMMA Investing LLC now owns 711 shares of the transportation company's stock worth $32,000 after acquiring an additional 280 shares in the last quarter. Arizona State Retirement System increased its position in Hub Group by 1.6% in the 2nd quarter. Arizona State Retirement System now owns 17,427 shares of the transportation company's stock valued at $750,000 after buying an additional 282 shares in the last quarter. Inspire Advisors LLC raised its stake in Hub Group by 1.7% during the 2nd quarter. Inspire Advisors LLC now owns 17,327 shares of the transportation company's stock worth $746,000 after buying an additional 284 shares during the period. Highland Capital Management LLC boosted its holdings in Hub Group by 9.4% in the third quarter. Highland Capital Management LLC now owns 5,086 shares of the transportation company's stock worth $231,000 after acquiring an additional 437 shares in the last quarter. Finally, Covestor Ltd boosted its holdings in Hub Group by 37.4% in the first quarter. Covestor Ltd now owns 1,609 shares of the transportation company's stock worth $70,000 after acquiring an additional 438 shares in the last quarter. 46.77% of the stock is owned by institutional investors and hedge funds.

Hub Group Price Performance

Shares of NASDAQ:HUBG traded down $0.49 during midday trading on Wednesday, hitting $49.51. The stock had a trading volume of 619,787 shares, compared to its average volume of 460,299. The company's 50-day moving average price is $45.15 and its 200-day moving average price is $44.18. Hub Group has a fifty-two week low of $36.88 and a fifty-two week high of $50.83. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 0.12. The company has a market capitalization of $3.04 billion, a P/E ratio of 28.15 and a beta of 0.89.

Hub Group (NASDAQ:HUBG - Get Free Report) last announced its quarterly earnings data on Wednesday, October 30th. The transportation company reported $0.52 EPS for the quarter, beating the consensus estimate of $0.49 by $0.03. The business had revenue of $986.89 million during the quarter, compared to the consensus estimate of $1.06 billion. Hub Group had a net margin of 2.74% and a return on equity of 7.44%. The company's revenue was down 3.7% on a year-over-year basis. During the same period in the previous year, the business earned $0.49 earnings per share. As a group, equities research analysts predict 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 Wednesday, September 25th. Investors of record on Friday, September 6th were issued 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 1.01%. Hub Group's payout ratio 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.