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

Hub Group, Inc. (NASDAQ:HUBG - Get Free Report) announced a quarterly dividend on Thursday, June 12th, RTT News reports. Investors of record on Monday, June 23rd will be paid 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 1.52%. The ex-dividend date is Monday, June 23rd.

Hub Group has a dividend payout ratio of 20.5% meaning its dividend is sufficiently covered by earnings. Equities 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 Down 2.0%

Shares of NASDAQ:HUBG traded down $0.66 during midday trading on Friday, hitting $32.90. 439,528 shares of the stock were exchanged, compared to its average volume of 544,096. 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's fifty day simple moving average is $33.45 and its two-hundred day simple moving average is $39.62. The company has a market capitalization of $2.01 billion, a PE ratio of 19.35 and a beta of 1.15.

Hub Group (NASDAQ:HUBG - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The transportation company reported $0.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.42 by $0.02. Hub Group had a return on equity of 7.10% and a net margin of 2.64%. The business had revenue of $915.22 million during the quarter, compared to analyst estimates of $973.86 million. During the same period last year, the company earned $0.44 earnings per share. Hub Group's quarterly revenue was down 8.5% compared to the same quarter last year. As a group, research analysts predict that Hub Group will post 2.2 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

HUBG has been the topic of several recent research reports. Benchmark cut their target price on Hub Group from $40.00 to $33.13 and set a "buy" rating on the stock in a report on Friday, May 9th. Susquehanna cut their target price on Hub Group from $55.00 to $48.00 and set a "positive" rating on the stock in a report on Wednesday, March 26th. Barclays lowered their price target on Hub Group from $45.00 to $40.00 and set an "equal weight" rating on the stock in a research report on Monday, May 12th. Deutsche Bank Aktiengesellschaft began coverage on Hub Group in a research report on Friday, March 7th. They issued a "hold" rating and a $41.00 price target on the stock. Finally, TD Cowen lowered their price target on Hub Group from $40.00 to $36.00 and set a "hold" rating on the stock in a research report on Friday, May 9th. Six equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $43.68.

Institutional Investors Weigh In On Hub Group

A number of institutional investors have recently added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Hub Group by 4.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 35,637 shares of the transportation company's stock worth $1,325,000 after buying an additional 1,542 shares in the last quarter. Royal Bank of Canada grew its position in Hub Group by 24.5% during the first quarter. Royal Bank of Canada now owns 11,723 shares of the transportation company's stock worth $435,000 after buying an additional 2,305 shares in the last quarter. AQR Capital Management LLC grew its position 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 buying an additional 2,761 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in Hub Group by 3.7% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 135,795 shares of the transportation company's stock worth $5,048,000 after buying an additional 4,844 shares in the last quarter. Finally, Intech Investment Management LLC grew its position in Hub Group by 33.3% during the first quarter. Intech Investment Management LLC now owns 39,181 shares of the transportation company's stock worth $1,456,000 after buying an additional 9,791 shares in the last quarter. 46.77% of the stock is 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.