Susquehanna Has Lowered Expectations for Hub Group (NASDAQ:HUBG) Stock Price

Hub Group (NASDAQ:HUBG - Free Report) had its price target reduced by Susquehanna from $50.00 to $48.00 in a research note issued to investors on Friday, Benzinga reports. They currently have a neutral rating on the transportation company's stock.

Other equities research analysts have also recently issued reports about the stock. Barclays raised their target price on shares of Hub Group from $40.00 to $42.00 and gave the stock an "equal weight" rating in a research report on Thursday. JPMorgan Chase & Co. upped their target price on Hub Group from $43.00 to $51.00 and gave the stock a "neutral" rating in a report on Friday, August 2nd. UBS Group raised their target price on Hub Group from $42.00 to $48.00 and gave the company a "neutral" rating in a research note on Friday, August 2nd. Benchmark reaffirmed a "buy" rating and issued a $47.00 price target on shares of Hub Group in a research note on Tuesday, September 17th. Finally, Stifel Nicolaus dropped their target price on shares of Hub Group from $45.00 to $43.00 and set a "buy" rating on the stock in a report on Tuesday, August 6th. Ten analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $46.00.

Hub Group Trading Down 0.3 %

Hub Group stock traded down $0.14 during trading hours on Friday, reaching $43.25. The stock had a trading volume of 491,369 shares, compared to its average volume of 447,019. The stock has a market cap of $2.69 billion, a PE ratio of 24.37 and a beta of 0.88. The company has a fifty day simple moving average of $44.33 and a 200-day simple moving average of $43.42. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.32 and a quick ratio of 1.32. Hub Group has a 52 week low of $33.38 and a 52 week high of $48.39.

Hub Group (NASDAQ:HUBG - Get Free Report) last announced its quarterly earnings results 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. Hub Group had a return on equity of 7.43% and a net margin of 2.74%. The company had revenue of $986.89 million for the quarter, compared to the consensus estimate of $1.06 billion. During the same quarter in the previous year, the business earned $0.49 EPS. Hub Group's revenue was down 3.7% compared to the same quarter last year. Analysts forecast that Hub Group will post 1.92 EPS for the current fiscal year.

Hub Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 25th. Investors of record on Friday, September 6th were issued a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 1.16%. The ex-dividend date was Friday, September 6th. Hub Group's payout ratio is currently 28.41%.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of HUBG. Family Firm Inc. purchased a new stake in shares of Hub Group during the 2nd quarter valued at about $26,000. GAMMA Investing LLC grew its position in Hub Group by 65.0% during the third quarter. GAMMA Investing LLC now owns 711 shares of the transportation company's stock valued at $32,000 after buying an additional 280 shares during the period. Point72 Hong Kong Ltd purchased a new stake in Hub Group during the second quarter valued at approximately $34,000. Fidelis Capital Partners LLC bought a new position in Hub Group in the first quarter worth approximately $38,000. Finally, EntryPoint Capital LLC purchased a new position in shares of Hub Group during the 1st quarter worth $52,000. Institutional investors own 46.77% of the company's stock.

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.