Barclays Lowers Hub Group (NASDAQ:HUBG) Price Target to $50.00

Hub Group (NASDAQ:HUBG - Free Report) had its price target lowered by Barclays from $52.00 to $50.00 in a report released on Monday,Benzinga reports. The brokerage currently has an equal weight rating on the transportation company's stock.

Several other equities research analysts also recently issued reports on HUBG. Susquehanna raised Hub Group from a "neutral" rating to a "positive" rating and set a $55.00 price target for the company in a report on Friday, January 3rd. Stifel Nicolaus raised their price target on Hub Group from $46.00 to $53.00 and gave the company a "buy" rating in a report on Thursday, January 23rd. TD Cowen raised their price target on Hub Group from $43.00 to $49.00 and gave the company a "hold" rating in a report on Thursday, October 31st. Finally, Benchmark raised their price target on Hub Group from $47.00 to $49.00 and gave the company a "buy" rating in a report on Friday, January 10th. Eight research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $48.50.

Hub Group Stock Up 1.1 %

Shares of NASDAQ HUBG traded up $0.46 during trading hours on Monday, hitting $42.56. The company had a trading volume of 573,455 shares, compared to its average volume of 474,981. The stock has a market capitalization of $2.61 billion, a P/E ratio of 25.04 and a beta of 0.94. 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 has a 1-year low of $38.07 and a 1-year high of $53.21. The firm's 50 day moving average is $45.12 and its 200-day moving average is $45.44.

Hub Group (NASDAQ:HUBG - Get Free Report) last released its quarterly earnings data on Thursday, February 6th. The transportation company reported $0.48 EPS for the quarter, meeting the consensus estimate of $0.48. Hub Group had a return on equity of 7.17% and a net margin of 2.64%. On average, analysts expect that Hub Group will post 2.38 earnings per share for the current fiscal year.

Hub Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, December 6th were given a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 1.17%. The ex-dividend date of this dividend was Friday, December 6th. Hub Group's payout ratio is 29.41%.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in HUBG. XTX Topco Ltd bought a new position in shares of Hub Group in the third quarter worth $481,000. Barclays PLC increased its position 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 worth $5,354,000 after purchasing an additional 78,467 shares during the period. Principal Financial Group Inc. grew its position in 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 last quarter. State Street Corp grew its position 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 acquiring an additional 20,215 shares during the last quarter. Finally, Hennion & Walsh Asset Management Inc. grew its position in Hub Group by 16.8% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 9,511 shares of the transportation company's stock valued at $424,000 after acquiring an additional 1,368 shares during the last quarter. Institutional investors 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.