Susquehanna Cuts Hub Group (NASDAQ:HUBG) Price Target to $48.00

Hub Group (NASDAQ:HUBG) had its target price reduced by Susquehanna from $55.00 to $48.00 in a research note issued to investors on Wednesday morning,Benzinga reports. They currently have a positive rating on the transportation company’s stock.

Other research analysts also recently issued research reports about the stock. Benchmark increased their price target on shares of Hub Group from $47.00 to $49.00 and gave the company a “buy” rating in a report on Friday, January 10th. Stifel Nicolaus raised their price objective on Hub Group from $46.00 to $53.00 and gave the company a “buy” rating in a research note on Thursday, January 23rd. Barclays dropped their target price on Hub Group from $52.00 to $50.00 and set an “equal weight” rating for the company in a report on Monday, February 10th. Finally, Deutsche Bank Aktiengesellschaft started coverage on Hub Group in a report on Friday, March 7th. They set a “hold” rating and a $41.00 price target on the stock. Eight investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Hub Group currently has a consensus rating of “Hold” and an average price target of $47.18.

Hub Group Price Performance

Shares of Hub Group stock opened at $37.13 on Wednesday. The firm has a market cap of $2.28 billion, a PE ratio of 21.84 and a beta of 0.93. The stock has a 50 day moving average of $41.22 and a 200 day moving average of $44.44. The company has a current ratio of 1.33, a quick ratio of 1.30 and a debt-to-equity ratio of 0.10. Hub Group has a 12 month low of $36.04 and a 12 month high of $53.21.

Hub Group (NASDAQ:HUBG) last posted its earnings results on Thursday, February 6th. The transportation company reported $0.48 EPS for the quarter, meeting analysts’ consensus estimates of $0.48. Hub Group had a return on equity of 7.10% and a net margin of 2.64%. On average, research analysts expect that Hub Group will post 2.2 EPS for the current fiscal year.

Hub Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Tuesday, March 18th were paid a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.35%. The ex-dividend date was Tuesday, March 18th. Hub Group’s dividend payout ratio is currently 29.41%.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in HUBG. State Street Corp boosted its position in Hub Group by 0.8% in the 3rd quarter. State Street Corp now owns 2,489,503 shares of the transportation company’s stock valued at $113,148,000 after buying an additional 20,215 shares during the period. Capital International Investors bought a new stake in shares of Hub Group during the fourth quarter valued at approximately $95,105,000. Invesco Ltd. boosted its holdings in shares of Hub Group by 1.3% in the fourth quarter. Invesco Ltd. now owns 1,838,308 shares of the transportation company’s stock valued at $81,915,000 after purchasing an additional 23,674 shares during the period. Geode Capital Management LLC grew its stake in Hub Group by 0.7% in the third quarter. Geode Capital Management LLC now owns 1,482,308 shares of the transportation company’s stock worth $67,383,000 after purchasing an additional 10,328 shares in the last quarter. Finally, Balyasny Asset Management L.P. increased its holdings in Hub Group by 77.1% during the 4th quarter. Balyasny Asset Management L.P. now owns 1,147,499 shares of the transportation company’s stock worth $51,133,000 after purchasing an additional 499,621 shares during the period. Hedge funds and other institutional investors 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.