Hub Group, Inc. (NASDAQ:HUBG - Get Free Report) shares were up 5.3% on Thursday . The stock traded as high as $37.11 and last traded at $36.49. Approximately 793,420 shares changed hands during mid-day trading, an increase of 32% from the average daily volume of 598,993 shares. The stock had previously closed at $34.65.
Analyst Ratings Changes
HUBG has been the subject of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft raised Hub Group from a "hold" rating to a "buy" rating and set a $41.00 target price for the company in a report on Wednesday, July 23rd. Baird R W upgraded Hub Group to a "strong-buy" rating in a research report on Tuesday, July 1st. Stifel Nicolaus set a $41.00 price objective on Hub Group and gave the company a "buy" rating in a research report on Friday, October 3rd. UBS Group reissued a "neutral" rating and set a $38.00 target price (up from $36.00) on shares of Hub Group in a research note on Friday, October 10th. Finally, Raymond James Financial set a $40.00 price target on Hub Group and gave the stock an "outperform" rating in a research note on Tuesday. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $39.64.
Check Out Our Latest Stock Report on Hub Group
Hub Group Price Performance
The firm has a market cap of $2.24 billion, a PE ratio of 22.22, a PEG ratio of 1.20 and a beta of 1.12. The firm has a fifty day simple moving average of $35.75 and a two-hundred day simple moving average of $34.61. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.42 and a current ratio of 1.42.
Hub Group (NASDAQ:HUBG - Get Free Report) last posted its quarterly earnings data 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 during the quarter, compared to analysts' expectations of $913.53 million. Hub Group had a return on equity of 6.81% and a net margin of 2.65%.Hub Group's revenue was down 8.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.47 EPS. Hub Group has set its FY 2025 guidance at 1.800-2.050 EPS. Equities analysts predict that Hub Group, Inc. will post 2.2 EPS for the current fiscal year.
Hub Group Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Wednesday, September 24th. Shareholders of record on Friday, September 12th were paid a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 1.4%. The ex-dividend date was Friday, September 12th. Hub Group's payout ratio is presently 30.30%.
Hedge Funds Weigh In On Hub Group
Large investors have recently bought and sold shares of the business. Invesco Ltd. grew its position in shares of Hub Group by 4.4% in the first quarter. Invesco Ltd. now owns 1,919,026 shares of the transportation company's stock valued at $71,330,000 after purchasing an additional 80,718 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Hub Group by 0.6% in the second quarter. Geode Capital Management LLC now owns 1,520,025 shares of the transportation company's stock valued at $50,821,000 after acquiring an additional 9,608 shares in the last quarter. Fuller & Thaler Asset Management Inc. raised its stake in Hub Group by 90.3% in the first quarter. Fuller & Thaler Asset Management Inc. now owns 1,248,265 shares of the transportation company's stock valued at $46,398,000 after buying an additional 592,443 shares in the last quarter. River Road Asset Management LLC raised its stake in Hub Group by 79.2% in the second quarter. River Road Asset Management LLC now owns 1,103,402 shares of the transportation company's stock valued at $38,641,000 after buying an additional 487,703 shares in the last quarter. Finally, T. Rowe Price Investment Management Inc. raised its stake in Hub Group by 6.3% in the first quarter. T. Rowe Price Investment Management Inc. now owns 935,026 shares of the transportation company's stock valued at $34,755,000 after buying an additional 55,206 shares in the last quarter. Institutional investors and hedge funds own 46.77% of the company's stock.
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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