Hub Group, Inc. (NASDAQ:HUBG) Receives Average Recommendation of "Moderate Buy" from Brokerages

Hub Group, Inc. (NASDAQ:HUBG - Get Free Report) has received a consensus rating of "Moderate Buy" from the eleven brokerages that are covering the stock, Marketbeat reports. Six research analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating on the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $43.51.

Several research firms recently weighed in on HUBG. Susquehanna reaffirmed a "positive" rating and issued a $46.00 price objective (up previously from $45.00) on shares of Hub Group in a report on Tuesday, June 24th. TD Cowen dropped their price target on shares of Hub Group from $40.00 to $36.00 and set a "hold" rating on the stock in a research report on Friday, May 9th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Hub Group in a report on Friday, March 7th. They issued a "hold" rating and a $41.00 price objective for the company. Baird R W raised Hub Group to a "strong-buy" rating in a report on Tuesday. Finally, Robert W. Baird began coverage on Hub Group in a research report on Tuesday. They issued an "outperform" rating and a $44.00 target price for the company.

Hub Group Stock Performance

Shares of NASDAQ HUBG traded down $0.31 during midday trading on Thursday, hitting $35.76. 324,754 shares of the company's stock were exchanged, compared to its average volume of 549,484. Hub Group has a twelve month low of $30.75 and a twelve month high of $53.21. The firm has a market cap of $2.19 billion, a P/E ratio of 21.04, a PEG ratio of 1.61 and a beta of 1.13. The stock's 50 day moving average price is $33.63 and its 200-day moving average price is $38.17. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.36 and a quick ratio of 1.36.

Hub Group (NASDAQ:HUBG - Get Free Report) last announced its earnings results on Thursday, May 8th. The transportation company reported $0.44 earnings per share for the quarter, beating the consensus estimate of $0.42 by $0.02. Hub Group had a return on equity of 7.01% and a net margin of 2.69%. The firm had revenue of $915.22 million for the quarter, compared to the consensus estimate of $973.86 million. During the same quarter in the previous year, the business earned $0.44 EPS. The firm's revenue for the quarter was down 8.5% on a year-over-year basis. Equities research analysts anticipate that Hub Group will post 2.2 EPS for the current year.

Hub Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Monday, June 23rd were given a dividend of $0.125 per share. The ex-dividend date of this dividend was Monday, June 23rd. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.40%. Hub Group's dividend payout ratio (DPR) is presently 29.41%.

Hedge Funds Weigh In On Hub Group

Hedge funds have recently modified their holdings of the stock. Blue Trust Inc. boosted its stake in Hub Group by 40.5% in the 1st quarter. Blue Trust Inc. now owns 2,478 shares of the transportation company's stock worth $92,000 after purchasing an additional 714 shares during the period. Wealth Enhancement Advisory Services LLC purchased a new stake in shares of Hub Group in the fourth quarter valued at $206,000. KLP Kapitalforvaltning AS acquired a new stake in shares of Hub Group in the fourth quarter worth $1,279,000. Oppenheimer Asset Management Inc. grew its holdings in shares of Hub Group by 19.0% during the first quarter. Oppenheimer Asset Management Inc. now owns 7,868 shares of the transportation company's stock valued at $292,000 after buying an additional 1,258 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its position in Hub Group by 14.6% during the fourth quarter. Bank of New York Mellon Corp now owns 577,940 shares of the transportation company's stock valued at $25,753,000 after buying an additional 73,712 shares during the period. 46.77% of the stock is currently owned by institutional investors and hedge funds.

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.