Brokerages Set Hub Group, Inc. (NASDAQ:HUBG) Target Price at $48.27

Shares of Hub Group, Inc. (NASDAQ:HUBG) have received an average recommendation of “Hold” from the eleven research firms that are presently covering the firm, MarketBeat.com reports. Eight analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12-month target price among analysts that have covered the stock in the last year is $48.27.

HUBG has been the subject of several research reports. Susquehanna raised Hub Group from a “neutral” rating to a “positive” rating and set a $55.00 price objective for the company in a report on Friday, January 3rd. TD Cowen increased their price objective on shares of Hub Group from $43.00 to $49.00 and gave the company a “hold” rating in a research note on Thursday, October 31st. Stifel Nicolaus lifted their target price on shares of Hub Group from $46.00 to $53.00 and gave the stock a “buy” rating in a research report on Thursday, January 23rd. Barclays increased their price target on shares of Hub Group from $42.00 to $52.00 and gave the company an “equal weight” rating in a research report on Wednesday, November 13th. Finally, Benchmark lifted their price objective on Hub Group from $47.00 to $49.00 and gave the stock a “buy” rating in a research report on Friday, January 10th.

Hedge Funds Weigh In On Hub Group

Several large investors have recently added to or reduced their stakes in the business. GAMMA Investing LLC increased its stake in shares of Hub Group by 65.0% during the 3rd quarter. GAMMA Investing LLC now owns 711 shares of the transportation company’s stock valued at $32,000 after acquiring an additional 280 shares during the last quarter. Smartleaf Asset Management LLC grew its holdings in Hub Group by 286.2% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,541 shares of the transportation company’s stock valued at $68,000 after purchasing an additional 1,142 shares during the period. Blue Trust Inc. raised its stake in Hub Group by 24.8% during the fourth quarter. Blue Trust Inc. now owns 2,261 shares of the transportation company’s stock worth $103,000 after purchasing an additional 450 shares during the period. SG Americas Securities LLC purchased a new position in Hub Group during the third quarter worth approximately $106,000. Finally, KBC Group NV boosted its holdings in shares of Hub Group by 35.3% in the 4th quarter. KBC Group NV now owns 2,568 shares of the transportation company’s stock valued at $114,000 after purchasing an additional 670 shares during the last quarter. 46.77% of the stock is currently owned by hedge funds and other institutional investors.

Hub Group Stock Performance

NASDAQ:HUBG opened at $41.45 on Monday. The firm’s fifty day simple moving average is $45.84 and its 200-day simple moving average is $45.52. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 0.12. The stock has a market cap of $2.54 billion, a PE ratio of 23.55 and a beta of 0.94. Hub Group has a fifty-two week low of $38.07 and a fifty-two week high of $53.21.

Hub Group (NASDAQ:HUBG) last issued its earnings results on Thursday, February 6th. The transportation company reported $0.48 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.48. Hub Group had a net margin of 2.74% and a return on equity of 7.44%. Analysts expect that Hub Group will post 1.91 earnings per share for the current fiscal year.

Hub Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Friday, December 6th were given a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.21%. The ex-dividend date was Friday, December 6th. Hub Group’s dividend payout ratio is currently 28.41%.

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.