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

Shares of Hub Group, Inc. (NASDAQ:HUBG - Get Free Report) have been given a consensus recommendation of "Hold" by the twelve ratings firms that are currently covering the stock, Marketbeat.com reports. Nine analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $46.83.

A number of equities analysts recently commented on HUBG shares. TD Cowen lifted their price target on Hub Group from $43.00 to $49.00 and gave the stock a "hold" rating in a research note on Thursday, October 31st. Benchmark reiterated a "buy" rating and issued a $47.00 price target on shares of Hub Group in a research note on Friday, November 1st. Susquehanna decreased their price target on Hub Group from $50.00 to $48.00 and set a "neutral" rating for the company in a research note on Friday, November 1st. Barclays lifted their price target 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. Finally, Evercore ISI lifted their target price on Hub Group from $41.00 to $43.00 and gave the company an "in-line" rating in a research note on Thursday, October 3rd.

Hedge Funds Weigh In On Hub Group

Several institutional investors and hedge funds have recently modified their holdings of the stock. Select Equity Group L.P. lifted its stake in shares of Hub Group by 19.4% in 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 purchasing an additional 298,390 shares during the last quarter. Point72 Asset Management L.P. acquired a new stake in shares of Hub Group in the 2nd quarter valued at $4,680,000. Principal Financial Group Inc. lifted its stake in shares of Hub Group by 14.3% in the 3rd quarter. Principal Financial Group Inc. now owns 783,456 shares of the transportation company's stock valued at $35,608,000 after purchasing an additional 97,768 shares during the last quarter. Barclays PLC lifted its stake in shares of Hub Group by 199.6% in the 3rd 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, American Century Companies Inc. lifted its stake in shares of Hub Group by 6.1% in the 2nd quarter. American Century Companies Inc. now owns 1,322,166 shares of the transportation company's stock valued at $56,919,000 after purchasing an additional 76,431 shares during the last quarter. 46.77% of the stock is currently owned by hedge funds and other institutional investors.

Hub Group Trading Down 1.6 %

Shares of HUBG stock traded down $0.81 during mid-day trading on Friday, hitting $49.12. 334,180 shares of the company's stock were exchanged, compared to its average volume of 465,866. Hub Group has a fifty-two week low of $38.07 and a fifty-two week high of $53.21. The stock has a 50-day simple moving average of $47.36 and a two-hundred day simple moving average of $45.15. 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 stock has a market cap of $3.01 billion, a price-to-earnings ratio of 27.91 and a beta of 0.92.

Hub Group (NASDAQ:HUBG - Get Free Report) last released 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 company had revenue of $986.89 million for the quarter, compared to analyst estimates of $1.06 billion. Hub Group had a return on equity of 7.44% and a net margin of 2.74%. The firm's revenue was down 3.7% compared to the same quarter last year. During the same period last year, the company posted $0.49 earnings per share. Equities analysts expect that Hub Group will post 1.91 EPS for the current fiscal year.

Hub Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, December 6th will be issued a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 1.02%. The ex-dividend date is Friday, December 6th. Hub Group's dividend payout ratio 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.