Hub Group, Inc. (NASDAQ:HUBG - Get Free Report) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $40.26 and traded as high as $45.21. Hub Group shares last traded at $43.50, with a volume of 845,190 shares changing hands.
Analysts Set New Price Targets
Several equities analysts have recently weighed in on the stock. Barclays reiterated an "overweight" rating and set a $48.00 price objective (up from $38.00) on shares of Hub Group in a report on Thursday, January 15th. JPMorgan Chase & Co. upped their price objective on shares of Hub Group from $42.00 to $50.00 and gave the company a "neutral" rating in a report on Monday, January 12th. Susquehanna upped their target price on shares of Hub Group from $42.00 to $55.00 and gave the stock a "positive" rating in a report on Thursday, January 8th. Zacks Research upgraded shares of Hub Group from a "strong sell" rating to a "hold" rating in a report on Monday, April 13th. Finally, Robert W. Baird set a $29.00 target price on shares of Hub Group and gave the stock a "neutral" rating in a report on Friday, February 6th. Seven analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $43.20.
View Our Latest Report on HUBG
Hub Group Stock Down 0.8%
The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.47 and a current ratio of 1.47. The company has a market cap of $2.66 billion, a price-to-earnings ratio of 25.14, a price-to-earnings-growth ratio of 1.25 and a beta of 1.16. The stock's fifty day moving average is $38.94 and its two-hundred day moving average is $40.26.
Hub Group Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 25th. Shareholders of record on Friday, March 13th were paid a $0.125 dividend. The ex-dividend date was Friday, March 13th. This represents a $0.50 annualized dividend and a yield of 1.1%. Hub Group's dividend payout ratio (DPR) is 28.90%.
Institutional Investors Weigh In On Hub Group
Several institutional investors and hedge funds have recently added to or reduced their stakes in HUBG. Wellington Management Group LLP purchased a new stake in Hub Group in the 4th quarter valued at about $139,588,000. Broad Bay Capital Management LP purchased a new stake in Hub Group in the 4th quarter valued at about $30,424,000. Millennium Management LLC increased its stake in Hub Group by 138.4% in the 3rd quarter. Millennium Management LLC now owns 1,138,461 shares of the transportation company's stock valued at $39,209,000 after buying an additional 661,018 shares during the last quarter. Capital International Investors increased its stake in Hub Group by 16.9% in the 4th quarter. Capital International Investors now owns 3,465,688 shares of the transportation company's stock valued at $147,673,000 after buying an additional 501,955 shares during the last quarter. Finally, Hudson Bay Capital Management LP increased its stake in Hub Group by 3,557.4% in the 2nd quarter. Hudson Bay Capital Management LP now owns 505,787 shares of the transportation company's stock valued at $16,908,000 after buying an additional 491,958 shares during the last quarter. Hedge funds and other institutional investors own 46.77% of the company's stock.
About Hub Group
(
Get Free Report)
Hub Group, Inc NASDAQ: HUBG is a leading supply chain solutions provider headquartered in Oak Brook, Illinois. Founded in 1971 as Hub City Terminals and renamed Hub Group in 1978, the company completed its initial public offering in 2007. Over the decades, Hub Group has developed a comprehensive multimodal transportation network, leveraging partnerships with major rail carriers and an extensive drayage fleet to offer cost-efficient, sustainable shipping alternatives.
The company operates through two primary segments: Intermodal and Transportation Management.
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