Hub Group (NASDAQ:HUBG - Free Report) had its price objective lowered by Barclays from $50.00 to $45.00 in a report published on Wednesday,Benzinga reports. The firm currently has an equal weight rating on the transportation company's stock.
Several other equities research analysts have also recently issued reports on the company. Deutsche Bank Aktiengesellschaft began coverage on Hub Group in a report on Friday, March 7th. They issued a "hold" rating and a $41.00 target price on the stock. Susquehanna decreased their price objective on Hub Group from $55.00 to $48.00 and set a "positive" rating on the stock in a report on Wednesday, March 26th. Benchmark increased their target price on Hub Group from $47.00 to $49.00 and gave the company a "buy" rating in a research report on Friday, January 10th. Finally, Stifel Nicolaus upped their target price on shares of Hub Group from $46.00 to $53.00 and gave the company a "buy" rating in a research report on Thursday, January 23rd. Eight analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $46.73.
View Our Latest Stock Analysis on HUBG
Hub Group Price Performance
Shares of NASDAQ HUBG traded down $1.08 during mid-day trading on Wednesday, reaching $32.30. The company's stock had a trading volume of 254,995 shares, compared to its average volume of 504,518. The stock has a fifty day moving average of $40.29 and a two-hundred day moving average of $44.13. The firm has a market capitalization of $1.99 billion, a PE ratio of 19.02 and a beta of 1.04. Hub Group has a 52 week low of $31.63 and a 52 week high of $53.21. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.33 and a quick ratio of 1.30.
Hub Group (NASDAQ:HUBG - Get Free Report) last announced its quarterly earnings data on Thursday, February 6th. The transportation company reported $0.48 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.48. Hub Group had a net margin of 2.64% and a return on equity of 7.10%. As a group, sell-side analysts anticipate that Hub Group will post 2.2 EPS for the current fiscal year.
Hub Group Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Tuesday, March 18th were issued a $0.125 dividend. The ex-dividend date of this dividend was Tuesday, March 18th. This represents a $0.50 annualized dividend and a dividend yield of 1.55%. Hub Group's payout ratio is currently 29.41%.
Institutional Inflows and Outflows
A number of institutional investors have recently added to or reduced their stakes in HUBG. Charles Schwab Investment Management Inc. increased its holdings in Hub Group by 3.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 663,516 shares of the transportation company's stock valued at $30,157,000 after buying an additional 23,470 shares during the period. FMR LLC raised its position in shares of Hub Group by 17.5% in the 3rd quarter. FMR LLC now owns 54,650 shares of the transportation company's stock worth $2,484,000 after acquiring an additional 8,130 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Hub Group by 4.7% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 114,307 shares of the transportation company's stock worth $5,195,000 after purchasing an additional 5,092 shares during the last quarter. Point72 DIFC Ltd boosted its position in Hub Group by 20.3% during the third quarter. Point72 DIFC Ltd now owns 6,358 shares of the transportation company's stock valued at $289,000 after purchasing an additional 1,075 shares in the last quarter. Finally, State Street Corp grew its stake in Hub Group by 0.8% in the third quarter. State Street Corp now owns 2,489,503 shares of the transportation company's stock valued at $113,148,000 after purchasing an additional 20,215 shares during the last quarter. Hedge funds and other institutional investors own 46.77% of the company's stock.
About Hub Group
(
Get Free Report)
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.
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