Hub Group (NASDAQ:HUBG) Price Target Cut to $45.00 by Analysts at BMO Capital Markets

Hub Group (NASDAQ:HUBG - Free Report) had its target price decreased by BMO Capital Markets from $48.00 to $45.00 in a research report report published on Friday morning, Benzinga reports. BMO Capital Markets currently has a market perform rating on the transportation company's stock.

HUBG has been the subject of several other reports. Stephens decreased their target price on shares of Hub Group from $44.00 to $42.00 and set an equal weight rating for the company in a research note on Friday. Wells Fargo & Company raised their target price on shares of Hub Group from $45.00 to $50.00 and gave the company an overweight rating in a research note on Friday, February 2nd. Morgan Stanley raised their target price on shares of Hub Group from $43.00 to $44.00 and gave the company an equal weight rating in a research note on Monday, February 12th. StockNews.com upgraded shares of Hub Group from a sell rating to a hold rating in a report on Friday, March 1st. Finally, Evercore ISI decreased their price objective on shares of Hub Group from $46.00 to $44.00 and set an outperform rating on the stock in a report on Friday. Seven research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, Hub Group has an average rating of Hold and a consensus target price of $46.54.

Hub Group Stock Down 0.6 %

Shares of NASDAQ HUBG traded down $0.26 during midday trading on Friday, reaching $39.93. The company's stock had a trading volume of 569,414 shares, compared to its average volume of 494,715. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.15. Hub Group has a fifty-two week low of $31.73 and a fifty-two week high of $47.58. The stock has a market capitalization of $2.51 billion, a price-to-earnings ratio of 15.33 and a beta of 0.89. The stock has a 50 day simple moving average of $41.88 and a 200-day simple moving average of $41.59.

Hub Group (NASDAQ:HUBG - Get Free Report) last posted its quarterly earnings data on Thursday, April 25th. The transportation company reported $0.44 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.40 by $0.04. Hub Group had a net margin of 3.99% and a return on equity of 10.56%. The company had revenue of $1,000.00 million for the quarter, compared to the consensus estimate of $1.05 billion. During the same period last year, the company earned $0.94 earnings per share. The firm's revenue was down 16.7% compared to the same quarter last year. Equities research analysts predict that Hub Group will post 2.19 earnings per share for the current year.

Hub Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 27th. Investors of record on Friday, March 8th were paid a $0.125 dividend. The ex-dividend date of this dividend was Thursday, March 7th. This represents a $0.50 annualized dividend and a dividend yield of 1.25%. Hub Group's dividend payout ratio (DPR) is presently 19.19%.

Hedge Funds Weigh In On Hub Group

Several institutional investors and hedge funds have recently modified their holdings of the business. Anchor Investment Management LLC bought a new stake in Hub Group during the fourth quarter worth about $37,000. Adirondack Trust Co. bought a new stake in Hub Group during the third quarter worth about $39,000. Versant Capital Management Inc lifted its position in Hub Group by 109.2% during the first quarter. Versant Capital Management Inc now owns 1,096 shares of the transportation company's stock worth $47,000 after purchasing an additional 572 shares during the period. Exchange Traded Concepts LLC lifted its holdings in shares of Hub Group by 60.3% in the third quarter. Exchange Traded Concepts LLC now owns 795 shares of the transportation company's stock worth $62,000 after acquiring an additional 299 shares during the last quarter. Finally, Headlands Technologies LLC bought a new position in shares of Hub Group in the third quarter worth about $63,000. 46.77% of the stock is currently 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.