Hub Group, Inc. Plans Quarterly Dividend of $0.13 (NASDAQ:HUBG)

Hub Group, Inc. (NASDAQ:HUBG - Get Free Report) declared a quarterly dividend on Thursday, June 12th, RTT News reports. Investors of record on Monday, June 23rd will be given a dividend of 0.125 per share by the transportation company on Monday, June 30th. This represents a $0.50 annualized dividend and a dividend yield of 1.49%.

Hub Group has a dividend payout ratio of 20.5% indicating that its dividend is sufficiently covered by earnings. Analysts expect Hub Group to earn $2.77 per share next year, which means the company should continue to be able to cover its $0.50 annual dividend with an expected future payout ratio of 18.1%.

Hub Group Stock Performance

Shares of HUBG traded up $0.08 during trading hours on Thursday, hitting $33.56. The stock had a trading volume of 420,248 shares, compared to its average volume of 540,842. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.30 and a current ratio of 1.33. The firm has a 50-day moving average price of $33.41 and a 200 day moving average price of $39.98. Hub Group has a fifty-two week low of $30.75 and a fifty-two week high of $53.21. The firm has a market capitalization of $2.06 billion, a price-to-earnings ratio of 19.74 and a beta of 1.15.

Hub Group (NASDAQ:HUBG - Get Free Report) last posted its earnings results on Thursday, May 8th. The transportation company reported $0.44 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $915.22 million during the quarter, compared to analysts' expectations of $973.86 million. During the same period in the previous year, the business posted $0.44 EPS. The business's revenue was down 8.5% compared to the same quarter last year. As a group, research analysts anticipate that Hub Group will post 2.2 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Royal Bank of Canada raised its holdings in Hub Group by 24.5% in the first quarter. Royal Bank of Canada now owns 11,723 shares of the transportation company's stock valued at $435,000 after acquiring an additional 2,305 shares in the last quarter. AQR Capital Management LLC raised its holdings in Hub Group by 4.9% during the first quarter. AQR Capital Management LLC now owns 59,029 shares of the transportation company's stock worth $2,194,000 after purchasing an additional 2,761 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Hub Group by 4.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 35,637 shares of the transportation company's stock valued at $1,325,000 after acquiring an additional 1,542 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of Hub Group by 3.7% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 135,795 shares of the transportation company's stock valued at $5,048,000 after acquiring an additional 4,844 shares during the period. Finally, Intech Investment Management LLC increased its holdings in shares of Hub Group by 33.3% in the 1st quarter. Intech Investment Management LLC now owns 39,181 shares of the transportation company's stock valued at $1,456,000 after acquiring an additional 9,791 shares during the period. Hedge funds and other institutional investors own 46.77% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the stock. 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 research report on Monday, May 12th. Benchmark reduced their target price on shares of Hub Group from $40.00 to $33.13 and set a "buy" rating for the company in a research report on Friday, May 9th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Hub Group in a research report on Friday, March 7th. They issued a "hold" rating and a $41.00 target price for the company. TD Cowen reduced their target price on shares of Hub Group from $40.00 to $36.00 and set a "hold" rating for the company in a research report on Friday, May 9th. Finally, Susquehanna reduced their target price on shares of Hub Group from $55.00 to $48.00 and set a "positive" rating for the company in a research report on Wednesday, March 26th. Six investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, Hub Group currently has a consensus rating of "Hold" and a consensus price target of $43.68.

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.

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