Susquehanna Lowers Hub Group (NASDAQ:HUBG) Price Target to $48.00

Hub Group (NASDAQ:HUBG - Free Report) had its target price reduced by Susquehanna from $55.00 to $48.00 in a research note issued to investors on Wednesday morning,Benzinga reports. They currently have a positive rating on the transportation company's stock.

A number of other equities analysts have also recently issued reports on HUBG. Barclays dropped their price objective on shares of Hub Group from $52.00 to $50.00 and set an "equal weight" rating for the company in a research note on Monday, February 10th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Hub Group in a research note on Friday, March 7th. They set a "hold" rating and a $41.00 price target for the company. Benchmark increased their target price on Hub Group from $47.00 to $49.00 and gave the stock a "buy" rating in a report on Friday, January 10th. Finally, Stifel Nicolaus boosted their price target on Hub Group from $46.00 to $53.00 and gave the company a "buy" rating in a research note on Thursday, January 23rd. Eight equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $47.18.

Hub Group Stock Performance

HUBG stock traded down $0.90 on Wednesday, reaching $37.13. 369,040 shares of the company were exchanged, compared to its average volume of 502,564. The firm has a market capitalization of $2.28 billion, a PE ratio of 21.84 and a beta of 0.93. Hub Group has a 12 month low of $36.04 and a 12 month high of $53.21. The stock's fifty day moving average price is $41.22 and its 200 day moving average price is $44.44. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.33 and a quick ratio of 1.30.

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Hub Group (NASDAQ:HUBG - Get Free Report) last announced its quarterly earnings data on Thursday, February 6th. The transportation company reported $0.48 EPS for the quarter, hitting analysts' consensus estimates of $0.48. Hub Group had a return on equity of 7.10% and a net margin of 2.64%. On average, research analysts anticipate that Hub Group will post 2.2 EPS for the current fiscal year.

Hub Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Tuesday, March 18th were paid a $0.125 dividend. The ex-dividend date was Tuesday, March 18th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.35%. Hub Group's dividend payout ratio (DPR) is presently 29.41%.

Hedge Funds Weigh In On Hub Group

Several large investors have recently made changes to their positions in HUBG. Natixis Advisors LLC raised its stake in shares of Hub Group by 5.5% during the third quarter. Natixis Advisors LLC now owns 19,976 shares of the transportation company's stock worth $908,000 after buying an additional 1,036 shares during the last quarter. Intech Investment Management LLC grew its stake in shares of Hub Group by 70.4% during the third quarter. Intech Investment Management LLC now owns 19,512 shares of the transportation company's stock worth $887,000 after purchasing an additional 8,064 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in Hub Group by 3.7% in 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 purchasing an additional 23,470 shares during the last quarter. Citigroup Inc. lifted its stake in Hub Group by 54.0% in the third quarter. Citigroup Inc. now owns 117,083 shares of the transportation company's stock valued at $5,321,000 after buying an additional 41,046 shares during the period. Finally, FMR LLC grew its position in shares of Hub Group by 17.5% during the 3rd quarter. FMR LLC now owns 54,650 shares of the transportation company's stock worth $2,484,000 after buying an additional 8,130 shares during the period. Institutional investors and hedge funds own 46.77% of the company's stock.

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.