Brokerages Set Hub Group, Inc. (NASDAQ:HUBG) PT at $43.68

Shares of Hub Group, Inc. (NASDAQ:HUBG - Get Free Report) have received a consensus rating of "Hold" from the nine brokerages that are covering the stock, MarketBeat reports. Six investment analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $43.68.

HUBG has been the topic of a number of research analyst reports. Susquehanna lowered their price target on Hub Group from $55.00 to $48.00 and set a "positive" rating on the stock in a report on Wednesday, March 26th. Benchmark lowered their price target on Hub Group from $40.00 to $33.13 and set a "buy" rating on the stock in a report on Friday, May 9th. TD Cowen reduced their price objective on Hub Group from $40.00 to $36.00 and set a "hold" rating for the company in a research report on Friday, May 9th. Barclays reduced their price objective on Hub Group from $45.00 to $40.00 and set an "equal weight" rating for the company in a research report on Monday, May 12th. Finally, Deutsche Bank Aktiengesellschaft started coverage on Hub Group in a research report on Friday, March 7th. They set a "hold" rating and a $41.00 price objective for the company.

Hub Group Stock Down 2.4%

Shares of HUBG stock traded down $0.83 during mid-day trading on Friday, hitting $33.48. The company's stock had a trading volume of 536,201 shares, compared to its average volume of 541,324. The stock has a market cap of $2.05 billion, a price-to-earnings ratio of 19.69 and a beta of 1.15. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.30 and a current ratio of 1.33. Hub Group has a 52-week low of $30.75 and a 52-week high of $53.21. The business has a 50-day moving average price of $33.41 and a 200 day moving average price of $39.98.

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 firm 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 7.10% and a net margin of 2.64%. The company's quarterly revenue was down 8.5% on a year-over-year basis. During the same period in the prior year, the company posted $0.44 earnings per share. Research analysts predict that Hub Group will post 2.2 EPS for the current fiscal year.

Hub Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Tuesday, March 18th were given a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 1.49%. The ex-dividend date of this dividend was Tuesday, March 18th. Hub Group's payout ratio is 29.41%.

Institutional Trading of Hub Group

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Dana Investment Advisors Inc. increased its position in Hub Group by 1.1% in the fourth quarter. Dana Investment Advisors Inc. now owns 22,781 shares of the transportation company's stock worth $1,015,000 after buying an additional 252 shares in the last quarter. Summit Investment Advisors Inc. increased its position in Hub Group by 4.8% in the fourth quarter. Summit Investment Advisors Inc. now owns 6,268 shares of the transportation company's stock worth $279,000 after buying an additional 287 shares in the last quarter. Nomura Asset Management Co. Ltd. increased its position 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 worth $42,000 after buying an additional 310 shares in the last quarter. Synovus Financial Corp increased its position in Hub Group by 1.5% in the fourth quarter. Synovus Financial Corp now owns 22,618 shares of the transportation company's stock worth $1,008,000 after buying an additional 344 shares in the last quarter. Finally, Vident Advisory LLC increased its position in Hub Group by 3.3% in the first quarter. Vident Advisory LLC now owns 13,239 shares of the transportation company's stock worth $492,000 after buying an additional 427 shares in the last quarter. Hedge funds and other institutional investors own 46.77% of the company's stock.

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.