Hub Group, Inc. (NASDAQ:HUBG) Receives $43.68 Consensus Target Price from Analysts

Shares of Hub Group, Inc. (NASDAQ:HUBG - Get Free Report) have earned a consensus rating of "Hold" from the nine ratings firms that are covering the company, MarketBeat Ratings reports. Six equities research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $43.68.

Several research analysts have recently commented on HUBG shares. TD Cowen reduced their target price on Hub Group from $40.00 to $36.00 and set a "hold" rating for the company in a research note on Friday, May 9th. Susquehanna reduced their price target on Hub Group from $55.00 to $48.00 and set a "positive" rating on the stock in a research report on Wednesday, March 26th. Deutsche Bank Aktiengesellschaft assumed coverage on Hub Group in a report on Friday, March 7th. They issued a "hold" rating and a $41.00 price objective for the company. Benchmark cut their target price on Hub Group from $40.00 to $33.13 and set a "buy" rating for the company in a research report on Friday, May 9th. Finally, Barclays decreased their price target on Hub Group from $45.00 to $40.00 and set an "equal weight" rating on the stock in a research report on Monday, May 12th.

Institutional Investors Weigh In On Hub Group

Several hedge funds and other institutional investors have recently made changes to their positions in HUBG. Capital International Investors acquired a new position in shares of Hub Group in the 4th quarter worth approximately $95,105,000. Norges Bank bought a new position in shares of Hub Group in the fourth quarter valued at approximately $41,487,000. Nuveen LLC bought a new position in Hub Group during the first quarter valued at about $28,380,000. Fuller & Thaler Asset Management Inc. increased its stake in shares of Hub Group by 90.3% during the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 1,248,265 shares of the transportation company's stock worth $46,398,000 after purchasing an additional 592,443 shares during the last quarter. Finally, Balyasny Asset Management L.P. increased its position in Hub Group by 77.1% in the fourth quarter. Balyasny Asset Management L.P. now owns 1,147,499 shares of the transportation company's stock worth $51,133,000 after buying an additional 499,621 shares during the last quarter. 46.77% of the stock is owned by institutional investors.

Hub Group Stock Up 0.6%

Shares of Hub Group stock traded up $0.22 during trading on Wednesday, reaching $35.96. The stock had a trading volume of 481,190 shares, compared to its average volume of 531,361. The company has a current ratio of 1.33, a quick ratio of 1.30 and a debt-to-equity ratio of 0.10. The company has a market capitalization of $2.20 billion, a price-to-earnings ratio of 21.15 and a beta of 1.13. The stock has a fifty day moving average price of $34.51 and a two-hundred day moving average price of $41.73. Hub Group has a 52 week low of $30.75 and a 52 week high of $53.21.

Hub Group (NASDAQ:HUBG - Get Free Report) last released its quarterly earnings data on Thursday, May 8th. The transportation company reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.42 by $0.02. Hub Group had a net margin of 2.64% and a return on equity of 7.10%. The company had revenue of $915.22 million for the quarter, compared to analyst estimates of $973.86 million. During the same period in the previous year, the business earned $0.44 EPS. Hub Group's revenue for the quarter was down 8.5% compared to the same quarter last year. Sell-side analysts predict that Hub Group will post 2.2 EPS for the current fiscal year.

Hub Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Tuesday, March 18th were issued a dividend of $0.125 per share. The ex-dividend date was Tuesday, March 18th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.39%. Hub Group's dividend payout ratio (DPR) is currently 29.41%.

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.