Hub Group, Inc. (NASDAQ:HUBG) Stock Has Consensus Price Target of $40.67 According to Brokerages

Key Points

• Analyst sentiment is neutral: Sixteen analysts rate Hub Group an average “Hold,” with two sell, eight hold, and six buy recommendations. The consensus 12-month price target is $40.67, above the reported $26.07 share price.
• Institutional ownership remains significant: Institutional investors own 46.77% of Hub Group, with Wellington Management, Arrowstreet Capital, and Renaissance Technologies among firms increasing their positions.
• Shares have declined sharply while the company pays a dividend: HUBG trades near its 1-year low of $25.50 versus a high of $53.26. Hub Group recently paid a quarterly dividend of $0.125, equivalent to $0.50 annually and a 1.9% yield.

Shares of Hub Group, Inc. (NASDAQ:HUBG - Get Free Report) have been given an average rating of "Hold" by the sixteen analysts that are covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and six have issued a buy rating on the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $40.67.

HUBG has been the topic of a number of recent analyst reports. Stifel Nicolaus set a $29.00 price objective on Hub Group and gave the stock a "hold" rating in a research note on Thursday, October 1st. Barclays set a $30.00 price target on shares of Hub Group and gave the stock an "equal weight" rating in a research report on Monday, September 28th. Wall Street Zen downgraded shares of Hub Group from a "hold" rating to a "sell" rating in a research report on Monday, October 5th. UBS Group reissued a "neutral" rating on shares of Hub Group in a report on Tuesday, September 15th. Finally, Zacks Research lowered shares of Hub Group from a "hold" rating to a "strong sell" rating in a research report on Wednesday, October 7th.

Institutional Investors Weigh In On Hub Group

Institutional investors and hedge funds have recently made changes to their positions in the company. Wellington Management Group LLP raised its stake in shares of Hub Group by 7.1% during the second quarter. Wellington Management Group LLP now owns 7,446,774 shares of the transportation company's stock worth $326,094,000 after buying an additional 491,130 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its holdings in Hub Group by 88.2% in the first quarter. Arrowstreet Capital Limited Partnership now owns 205,885 shares of the transportation company's stock valued at $7,420,000 after buying an additional 96,489 shares during the period. Louisiana State Employees Retirement System acquired a new position in Hub Group in the first quarter valued at approximately $969,000. Caxton Associates LLP acquired a new position in Hub Group in the first quarter valued at approximately $2,156,000. Finally, Renaissance Technologies LLC boosted its stake in Hub Group by 2,065.9% in the first quarter. Renaissance Technologies LLC now owns 146,672 shares of the transportation company's stock valued at $5,286,000 after acquiring an additional 139,900 shares during the last quarter. Institutional investors own 46.77% of the company's stock.

Hub Group Trading Up 1.6%

NASDAQ HUBG opened at $26.07 on Wednesday. Hub Group has a 1-year low of $25.50 and a 1-year high of $53.26. The company has a 50 day moving average of $33.63 and a 200-day moving average of $40.15. The firm has a market cap of $1.59 billion, a price-to-earnings ratio of 15.07 and a beta of 1.24.

Hub Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Monday, September 21st were given a $0.1250 dividend. This represents a $0.50 annualized dividend and a yield of 1.9%. The ex-dividend date was Monday, September 21st. Hub Group's payout ratio is 28.90%.

About Hub Group

Hub Group, Inc NASDAQ: HUBG is a transportation and logistics company that provides supply chain solutions primarily across North America. Its services are designed to help businesses move, manage and distribute freight through a combination of company-operated capabilities and third-party transportation providers.

The company's primary business is intermodal transportation, which combines rail and truck service for the movement of freight. Hub Group also provides truck brokerage, dedicated transportation, logistics and supply chain management, warehousing and distribution, and final-mile delivery services.

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