Hub Group (NASDAQ:HUBG) Sets New 52-Week High Following Analyst Upgrade

Hub Group, Inc. (NASDAQ:HUBG - Get Free Report) shares reached a new 52-week high during trading on Thursday after Barclays raised their price target on the stock from $42.00 to $52.00. Barclays currently has an equal weight rating on the stock. Hub Group traded as high as $50.58 and last traded at $50.07, with a volume of 16116 shares. The stock had previously closed at $50.15.

HUBG has been the subject of several other reports. Benchmark reaffirmed a "buy" rating and issued a $47.00 price objective on shares of Hub Group in a report on Friday, November 1st. TD Cowen raised their price objective on shares of Hub Group from $43.00 to $49.00 and gave the stock a "hold" rating in a report on Thursday, October 31st. Susquehanna cut their price objective 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. Stifel Nicolaus cut their price target on shares of Hub Group from $45.00 to $43.00 and set a "buy" rating for the company in a report on Tuesday, August 6th. Finally, UBS Group raised their price target on shares of Hub Group from $42.00 to $48.00 and gave the company a "neutral" rating in a report on Friday, August 2nd. Ten equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $46.83.

Hedge Funds Weigh In On Hub Group

A number of large investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its position in Hub Group by 99.1% in the 1st 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 during the period. Pacer Advisors Inc. increased its position in shares of Hub Group by 0.4% in the second quarter. Pacer Advisors Inc. now owns 2,356,564 shares of the transportation company's stock valued at $101,450,000 after acquiring an additional 8,700 shares during the period. Select Equity Group L.P. increased its position in shares of Hub Group by 19.4% in the second 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 during the period. American Century Companies Inc. increased its position in shares of Hub Group by 6.1% in the second quarter. American Century Companies Inc. now owns 1,322,166 shares of the transportation company's stock valued at $56,919,000 after acquiring an additional 76,431 shares during the period. Finally, Principal Financial Group Inc. increased its position in shares of Hub Group by 14.3% in the third quarter. Principal Financial Group Inc. now owns 783,456 shares of the transportation company's stock valued at $35,608,000 after acquiring an additional 97,768 shares during the period. Hedge funds and other institutional investors own 46.77% of the company's stock.

Hub Group Price Performance

The business's 50-day simple moving average is $44.71 and its 200-day simple moving average is $43.92. The stock has a market cap of $3.06 billion, a PE ratio of 28.51 and a beta of 0.89. 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 (NASDAQ:HUBG - Get Free Report) last released its quarterly earnings data on Wednesday, October 30th. The transportation company reported $0.52 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.49 by $0.03. The firm had revenue of $986.89 million for 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%. The company's revenue for the quarter was down 3.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.49 earnings per share. On average, research analysts expect that Hub Group, Inc. will post 1.91 EPS for the current fiscal year.

Hub Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 25th. Stockholders of record on Friday, September 6th were paid a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.00%. The ex-dividend date was Friday, September 6th. 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.