Hub Group, Inc. (NASDAQ:HUBG) Receives $42.01 Average Target Price from Analysts

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%.

Shares of Hub Group, Inc. (NASDAQ:HUBG - Get Free Report) have been assigned an average recommendation of "Moderate Buy" from the eleven ratings firms that are covering the firm, Marketbeat Ratings reports. Five analysts have rated the stock with a hold recommendation, five have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $42.01.

A number of research analysts recently weighed in on the stock. TD Cowen dropped their price objective on shares of Hub Group from $40.00 to $36.00 and set a "hold" rating for the company in a report on Friday, May 9th. Benchmark dropped their price objective on shares of Hub Group from $40.00 to $33.13 and set a "buy" rating for the company in a report on Friday, May 9th. Barclays lowered their price target 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. Baird R W upgraded shares of Hub Group to a "strong-buy" rating in a report on Tuesday, July 1st. Finally, Susquehanna restated a "positive" rating and issued a $46.00 target price (up previously from $45.00) on shares of Hub Group in a report on Tuesday, June 24th.

Hedge Funds Weigh In On Hub Group

A number of large investors have recently bought and sold shares of HUBG. Farther Finance Advisors LLC grew its stake in Hub Group by 440.3% in the 1st quarter. Farther Finance Advisors LLC now owns 859 shares of the transportation company's stock valued at $32,000 after acquiring an additional 700 shares during the last quarter. Nomura Asset Management Co. Ltd. raised its holdings in Hub Group by 48.4% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 950 shares of the transportation company's stock valued at $42,000 after buying an additional 310 shares during the period. GAMMA Investing LLC raised its holdings in Hub Group by 161.9% in the second quarter. GAMMA Investing LLC now owns 1,375 shares of the transportation company's stock valued at $46,000 after buying an additional 850 shares during the period. Caitong International Asset Management Co. Ltd raised its holdings in Hub Group by 139,500.0% in the first quarter. Caitong International Asset Management Co. Ltd now owns 1,396 shares of the transportation company's stock valued at $52,000 after buying an additional 1,395 shares during the period. Finally, TD Private Client Wealth LLC raised its holdings in Hub Group by 89.9% in the first quarter. TD Private Client Wealth LLC now owns 1,796 shares of the transportation company's stock valued at $67,000 after buying an additional 850 shares during the period. Hedge funds and other institutional investors own 46.77% of the company's stock.

Hub Group Trading Up 0.3%

Shares of Hub Group stock traded up $0.12 on Monday, reaching $34.93. The company had a trading volume of 93,673 shares, compared to its average volume of 587,152. The firm's 50 day moving average price is $34.28 and its two-hundred day moving average price is $36.86. The firm has a market cap of $2.14 billion, a PE ratio of 20.54, a PEG ratio of 1.17 and a beta of 1.13. Hub Group has a 52-week low of $30.75 and a 52-week high of $53.21. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.36 and a current ratio of 1.36.

Hub Group (NASDAQ:HUBG - Get Free Report) last released 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 net margin of 2.69% and a return on equity of 7.01%. The business's revenue was down 8.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.44 EPS. Sell-side analysts predict that Hub Group will post 2.2 earnings per share for the current fiscal year.

Hub Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Shareholders 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 yield of 1.43%. Hub Group's payout ratio 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.