Shares of Hub Group, Inc. (NASDAQ:HUBG - Get Free Report) crossed above its 200-day moving average during trading on Friday after Susquehanna raised their price target on the stock from $46.00 to $47.00. The stock has a 200-day moving average of $34.78 and traded as high as $35.04. Susquehanna currently has a positive rating on the stock. Hub Group shares last traded at $34.16, with a volume of 634,859 shares changing hands.
Other equities analysts have also issued reports about the stock. Baird R W upgraded shares of Hub Group to a "strong-buy" rating in a research report on Tuesday, July 1st. TD Cowen dropped their price target 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. Benchmark dropped their price target 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. Barclays dropped 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 research report on Monday, May 12th. Finally, Robert W. Baird assumed coverage on shares of Hub Group in a research report on Tuesday, July 1st. They issued an "outperform" rating and a $44.00 price target for the company. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $38.46.
Check Out Our Latest Research Report on HUBG
Hedge Funds Weigh In On Hub Group
A number of hedge funds and other institutional investors have recently modified their holdings of HUBG. Wealth Enhancement Advisory Services LLC bought a new position in shares of Hub Group during the fourth quarter worth $206,000. GAMMA Investing LLC raised its stake in Hub Group by 3,711.3% during the first quarter. GAMMA Investing LLC now owns 19,514 shares of the transportation company's stock valued at $7,250,000 after purchasing an additional 19,002 shares in the last quarter. Hennion & Walsh Asset Management Inc. raised its stake in Hub Group by 5.6% during the first quarter. Hennion & Walsh Asset Management Inc. now owns 10,039 shares of the transportation company's stock valued at $373,000 after purchasing an additional 528 shares in the last quarter. Vest Financial LLC purchased a new stake in Hub Group during the first quarter valued at $1,936,000. Finally, Farther Finance Advisors LLC raised its stake in Hub Group by 440.3% during the first quarter. Farther Finance Advisors LLC now owns 859 shares of the transportation company's stock valued at $32,000 after purchasing an additional 700 shares in the last quarter. Institutional investors own 46.77% of the company's stock.
Hub Group Trading Up 0.8%
The company has a market cap of $2.09 billion, a PE ratio of 20.70, a P/E/G ratio of 1.14 and a beta of 1.12. The stock's 50 day moving average is $35.81 and its 200-day moving average is $34.78. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.08.
Hub Group (NASDAQ:HUBG - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The transportation company reported $0.45 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.44 by $0.01. The company had revenue of $905.65 million for the quarter, compared to the consensus estimate of $913.53 million. Hub Group had a net margin of 2.65% and a return on equity of 6.81%. Hub Group's revenue was down 8.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.47 earnings per share. Hub Group has set its FY 2025 guidance at 1.800-2.050 EPS. As a group, sell-side analysts anticipate that Hub Group, Inc. will post 2.2 EPS for the current year.
Hub Group Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Wednesday, September 24th. Stockholders of record on Friday, September 12th were paid a $0.125 dividend. The ex-dividend date of this dividend was Friday, September 12th. This represents a $0.50 annualized dividend and a dividend yield of 1.5%. Hub Group's dividend payout ratio is currently 30.30%.
About Hub Group
(
Get Free Report)
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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