Brokerages Set Hub Group, Inc. (NASDAQ:HUBG) Target Price at $45.29

Hub Group, Inc. (NASDAQ:HUBG - Get Free Report) has been assigned a consensus recommendation of "Hold" from the twelve brokerages that are covering the firm, MarketBeat.com reports. Nine equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $45.29.

Several equities analysts recently weighed in on HUBG shares. Susquehanna raised their target price on shares of Hub Group from $44.00 to $50.00 and gave the company a "neutral" rating in a research note on Thursday, September 26th. Benchmark restated a "buy" rating and set a $47.00 price objective on shares of Hub Group in a research note on Tuesday, September 17th. JPMorgan Chase & Co. raised their target price on shares of Hub Group from $43.00 to $51.00 and gave the company a "neutral" rating in a research note on Friday, August 2nd. UBS Group boosted their price target on Hub Group from $42.00 to $48.00 and gave the stock a "neutral" rating in a research report on Friday, August 2nd. Finally, TD Cowen cut Hub Group from a "buy" rating to a "hold" rating and cut their price objective for the company from $50.00 to $43.00 in a research report on Thursday, July 18th.

Institutional Investors Weigh In On Hub Group

A number of institutional investors have recently modified their holdings of the company. Vanguard Group Inc. lifted its holdings in Hub Group by 99.1% in the first quarter. Vanguard Group Inc. now owns 6,883,930 shares of the transportation company's stock valued at $297,523,000 after buying an additional 3,427,047 shares during the period. William Blair Investment Management LLC lifted its stake in shares of Hub Group by 99.5% in the 1st quarter. William Blair Investment Management LLC now owns 841,980 shares of the transportation company's stock valued at $36,390,000 after purchasing an additional 419,873 shares during the period. Select Equity Group L.P. boosted its position in shares of Hub Group by 19.4% during 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 in the last quarter. LSV Asset Management grew its stake in Hub Group by 88.0% during the first quarter. LSV Asset Management now owns 626,226 shares of the transportation company's stock worth $27,065,000 after purchasing an additional 293,094 shares during the period. Finally, Edgestream Partners L.P. bought a new stake in Hub Group in the first quarter worth approximately $5,843,000. 46.77% of the stock is owned by institutional investors.

Hub Group Trading Up 0.7 %

HUBG stock traded up $0.31 during midday trading on Friday, reaching $43.35. The company's stock had a trading volume of 207,019 shares, compared to its average volume of 451,944. The business's 50-day simple moving average is $44.29 and its 200-day simple moving average is $43.37. The stock has a market cap of $2.70 billion, a PE ratio of 23.37 and a beta of 0.88. Hub Group has a 52 week low of $31.73 and a 52 week high of $48.39. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 0.13.

Hub Group (NASDAQ:HUBG - Get Free Report) last released its quarterly earnings data on Thursday, August 1st. The transportation company reported $0.47 EPS for the quarter, meeting analysts' consensus estimates of $0.47. Hub Group had a net margin of 2.89% and a return on equity of 7.37%. The business had revenue of $986.50 million during the quarter, compared to analysts' expectations of $1.09 billion. During the same quarter in the prior year, the company earned $0.72 EPS. The firm's quarterly revenue was down 5.2% on a year-over-year basis. As a group, sell-side analysts expect that Hub Group will post 1.92 EPS for the current year.

Hub Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 25th. Shareholders of record on Friday, September 6th were given a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 1.15%. The ex-dividend date was Friday, September 6th. Hub Group's dividend payout ratio is presently 26.95%.

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.