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

Hub Group, Inc. (NASDAQ:HUBG - Get Free Report) has been given a consensus recommendation of "Hold" by the twelve research firms that are currently covering the stock, Marketbeat Ratings reports. Eight analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $47.42.

HUBG has been the topic of several recent research reports. TD Cowen raised their target price on shares of Hub Group from $43.00 to $49.00 and gave the company a "hold" rating in a research note on Thursday, October 31st. Barclays raised their price objective on shares of Hub Group from $42.00 to $52.00 and gave the company an "equal weight" rating in a research note on Wednesday, November 13th. Susquehanna upgraded shares of Hub Group from a "neutral" rating to a "positive" rating and set a $55.00 target price for the company in a research report on Friday, January 3rd. Benchmark restated a "buy" rating and issued a $47.00 price target on shares of Hub Group in a research report on Friday, November 1st. Finally, Evercore ISI lifted their price objective on Hub Group from $41.00 to $43.00 and gave the stock an "in-line" rating in a research note on Thursday, October 3rd.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Principal Financial Group Inc. grew its holdings in shares of Hub Group by 14.3% during the third quarter. Principal Financial Group Inc. now owns 783,456 shares of the transportation company's stock worth $35,608,000 after buying an additional 97,768 shares in the last quarter. Franklin Resources Inc. grew its stake in shares of Hub Group by 1.2% during the 3rd quarter. Franklin Resources Inc. now owns 49,148 shares of the transportation company's stock worth $2,167,000 after acquiring an additional 595 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Hub Group by 0.7% during the 3rd quarter. Geode Capital Management LLC now owns 1,482,308 shares of the transportation company's stock worth $67,383,000 after acquiring an additional 10,328 shares in the last quarter. Barclays PLC raised its holdings in shares of Hub Group by 199.6% in the third quarter. Barclays PLC now owns 117,774 shares of the transportation company's stock valued at $5,354,000 after purchasing an additional 78,467 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd bought a new stake in shares of Hub Group in the third quarter worth $286,000. Institutional investors and hedge funds own 46.77% of the company's stock.

Hub Group Price Performance

Shares of HUBG traded up $0.05 during mid-day trading on Thursday, hitting $44.17. 302,069 shares of the company traded hands, compared to its average volume of 338,614. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 0.12. The business has a 50-day moving average of $47.88 and a 200 day moving average of $45.38. Hub Group has a one year low of $38.07 and a one year high of $53.21. The stock has a market capitalization of $2.71 billion, a price-to-earnings ratio of 25.10 and a beta of 0.94.

Hub Group (NASDAQ:HUBG - Get Free Report) last released its earnings results on Wednesday, October 30th. The transportation company reported $0.52 earnings per share for the quarter, topping analysts' consensus estimates of $0.49 by $0.03. The company had revenue of $986.89 million during the quarter, compared to the consensus estimate of $1.06 billion. Hub Group had a return on equity of 7.44% and a net margin of 2.74%. The firm's quarterly revenue was down 3.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.49 earnings per share. As a group, equities analysts expect that Hub Group will post 1.91 earnings per share for the current fiscal year.

Hub Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, December 6th were issued a dividend of $0.125 per share. The ex-dividend date of this dividend was Friday, December 6th. This represents a $0.50 annualized dividend and a yield of 1.13%. Hub Group's dividend payout ratio (DPR) is currently 28.41%.

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.