Hub Group (NASDAQ:HUBG) Earns "Positive" Rating from Susquehanna

Susquehanna reissued their positive rating on shares of Hub Group (NASDAQ:HUBG - Free Report) in a research note released on Tuesday morning, MarketBeat reports. They currently have a $46.00 target price on the transportation company's stock, up from their previous target price of $45.00.

HUBG has been the topic of several other research reports. TD Cowen decreased their price target on Hub Group from $40.00 to $36.00 and set a "hold" rating on the stock in a research note on Friday, May 9th. Benchmark decreased their target price on shares of Hub Group from $40.00 to $33.13 and set a "buy" rating on the stock in a research report on Friday, May 9th. Deutsche Bank Aktiengesellschaft started coverage on shares of Hub Group in a research report on Friday, March 7th. They set a "hold" rating and a $41.00 price target for the company. Finally, Barclays decreased their price objective on shares of Hub Group from $45.00 to $40.00 and set an "equal weight" rating on the stock in a report on Monday, May 12th. Six analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $43.46.

Hub Group Trading Up 1.3%

Hub Group stock traded up $0.43 during midday trading on Tuesday, hitting $34.10. 293,570 shares of the stock were exchanged, compared to its average volume of 546,098. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 0.09. The stock's 50-day simple moving average is $33.44 and its 200 day simple moving average is $38.59. Hub Group has a fifty-two week low of $30.75 and a fifty-two week high of $53.21. The stock has a market capitalization of $2.09 billion, a price-to-earnings ratio of 20.06, a PEG ratio of 1.53 and a beta of 1.15.

Hub Group (NASDAQ:HUBG - Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The transportation company reported $0.44 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.42 by $0.02. Hub Group had a net margin of 2.69% and a return on equity of 7.01%. The business had revenue of $915.22 million during the quarter, compared to the consensus estimate of $973.86 million. During the same quarter last year, the firm earned $0.44 EPS. The business's revenue was down 8.5% compared to the same quarter last year. On average, equities analysts anticipate that Hub Group will post 2.2 EPS for the current year.

Hub Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Monday, June 23rd will be given a $0.125 dividend. The ex-dividend date is Monday, June 23rd. This represents a $0.50 annualized dividend and a yield of 1.47%. Hub Group's dividend payout ratio is presently 29.41%.

Hedge Funds Weigh In On Hub Group

Several institutional investors have recently modified their holdings of HUBG. Dana Investment Advisors Inc. increased its holdings in Hub Group by 1.1% during the 4th quarter. Dana Investment Advisors Inc. now owns 22,781 shares of the transportation company's stock worth $1,015,000 after purchasing an additional 252 shares during the period. Summit Investment Advisors Inc. grew its position in shares of Hub Group by 4.8% during the fourth quarter. Summit Investment Advisors Inc. now owns 6,268 shares of the transportation company's stock worth $279,000 after buying an additional 287 shares in the last quarter. Nomura Asset Management Co. Ltd. lifted its stake in Hub Group by 48.4% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 950 shares of the transportation company's stock worth $42,000 after acquiring an additional 310 shares during the last quarter. Synovus Financial Corp grew its holdings in Hub Group by 1.5% during the 4th quarter. Synovus Financial Corp now owns 22,618 shares of the transportation company's stock worth $1,008,000 after acquiring an additional 344 shares in the last quarter. Finally, Vident Advisory LLC grew its holdings in Hub Group by 3.3% during the 1st quarter. Vident Advisory LLC now owns 13,239 shares of the transportation company's stock worth $492,000 after acquiring an additional 427 shares in the last quarter. Institutional investors and hedge funds own 46.77% of the company's stock.

Hub Group Company Profile

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.