Hub Group, Inc. (NASDAQ:HUBG) Given Consensus Recommendation of "Moderate Buy" by Brokerages

Key Points

• Hub Group, Inc. has received a consensus rating of "Moderate Buy" from eleven brokerages, with an average 1-year price target of $42.01.
• Several institutional investors have increased their stakes in Hub Group, reflecting a growing confidence in the company's performance, with 46.77% of the stock owned by such investors.
• Hub Group recently announced a quarterly dividend of $0.125 per share, yielding 1.39%, with an established payout ratio of 29.41%.

Hub Group, Inc. (NASDAQ:HUBG - Get Free Report) has been given a consensus rating of "Moderate Buy" by the eleven brokerages that are covering the firm, MarketBeat reports. Five investment analysts have rated the stock with a hold recommendation, five have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $42.01.

A number of brokerages have commented on HUBG. Barclays reduced their target price on shares of Hub Group from $45.00 to $40.00 and set an "equal weight" rating for the company in a report on Monday, May 12th. JPMorgan Chase & Co. decreased their target price on shares of Hub Group from $39.00 to $36.00 and set a "neutral" rating for the company in a research report on Tuesday, July 8th. Susquehanna reaffirmed a "positive" rating and issued a $46.00 price target (up from $45.00) on shares of Hub Group in a report on Tuesday, June 24th. Deutsche Bank Aktiengesellschaft upgraded Hub Group from a "hold" rating to a "buy" rating and set a $41.00 price objective for the company in a report on Wednesday, July 23rd. Finally, Baird R W upgraded Hub Group to a "strong-buy" rating in a research note on Tuesday, July 1st.

Institutional Trading of Hub Group

A number of hedge funds have recently added to or reduced their stakes in HUBG. Teacher Retirement System of Texas raised its position in shares of Hub Group by 5.5% in the fourth quarter. Teacher Retirement System of Texas now owns 19,972 shares of the transportation company's stock worth $890,000 after acquiring an additional 1,045 shares during the period. Sei Investments Co. increased its holdings in Hub Group by 10.9% in the 4th quarter. Sei Investments Co. now owns 47,755 shares of the transportation company's stock worth $2,128,000 after acquiring an additional 4,701 shares in the last quarter. KLP Kapitalforvaltning AS acquired a new position in Hub Group during the fourth quarter worth $1,279,000. JPMorgan Chase & Co. lifted its holdings in Hub Group by 64.1% during the fourth quarter. JPMorgan Chase & Co. now owns 299,634 shares of the transportation company's stock valued at $13,352,000 after purchasing an additional 117,047 shares in the last quarter. Finally, Norges Bank acquired a new stake in shares of Hub Group in the fourth quarter valued at about $41,487,000. 46.77% of the stock is owned by hedge funds and other institutional investors.

Hub Group Stock Down 1.3%

Shares of NASDAQ HUBG traded down $0.48 during midday trading on Monday, reaching $35.62. 369,299 shares of the company's stock traded hands, compared to its average volume of 520,149. The company has a market cap of $2.18 billion, a price-to-earnings ratio of 20.95, a P/E/G ratio of 1.18 and a beta of 1.13. The stock's 50 day simple moving average is $34.26 and its 200-day simple moving average is $36.89. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.09. Hub Group has a one year low of $30.75 and a one year high of $53.21.

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

Hub Group Dividend Announcement

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

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.