Hub Group (NASDAQ:HUBG) Price Target Raised to $52.00

Hub Group (NASDAQ:HUBG) had its price objective hoisted by Barclays from $42.00 to $52.00 in a report released on Wednesday morning,Benzinga reports. The brokerage currently has an equal weight rating on the transportation company’s stock.

A number of other brokerages also recently commented on HUBG. TD Cowen increased their price target on shares of Hub Group from $43.00 to $49.00 and gave the company a “hold” rating in a report on Thursday, October 31st. Evercore ISI increased their price target on shares of Hub Group from $41.00 to $43.00 and gave the company an “in-line” rating in a report on Thursday, October 3rd. JPMorgan Chase & Co. increased their price target on shares of Hub Group from $43.00 to $51.00 and gave the company a “neutral” rating in a report on Friday, August 2nd. UBS Group raised their price objective on shares of Hub Group from $42.00 to $48.00 and gave the stock a “neutral” rating in a research note on Friday, August 2nd. Finally, Susquehanna decreased their price objective on shares of Hub Group from $50.00 to $48.00 and set a “neutral” rating for the company in a research note on Friday, November 1st. Ten analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, Hub Group presently has a consensus rating of “Hold” and a consensus price target of $46.83.

Hub Group Stock Down 0.4 %

HUBG opened at $49.66 on Wednesday. The firm has a 50-day simple moving average of $44.90 and a two-hundred day simple moving average of $44.02. Hub Group has a 52 week low of $36.88 and a 52 week high of $50.83. The company has a market capitalization of $3.05 billion, a PE ratio of 28.22 and a beta of 0.89. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 0.12.

Hub Group (NASDAQ:HUBG) last announced its quarterly earnings results on Wednesday, October 30th. The transportation company reported $0.52 EPS for the quarter, beating analysts’ consensus estimates of $0.49 by $0.03. Hub Group had a net margin of 2.74% and a return on equity of 7.44%. The firm had revenue of $986.89 million during the quarter, compared to the consensus estimate of $1.06 billion. During the same quarter last year, the firm earned $0.49 EPS. The firm’s revenue for the quarter was down 3.7% compared to the same quarter last year. Analysts forecast 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 Wednesday, September 25th. Investors of record on Friday, September 6th were issued a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 1.01%. The ex-dividend date of this dividend was Friday, September 6th. Hub Group’s payout ratio is 28.41%.

Hedge Funds Weigh In On Hub Group

Several institutional investors have recently bought and sold shares of HUBG. Vanguard Group Inc. increased its holdings in Hub Group by 99.1% during the first quarter. Vanguard Group Inc. now owns 6,883,930 shares of the transportation company’s stock valued at $297,523,000 after buying an additional 3,427,047 shares during the period. Select Equity Group L.P. grew its holdings in Hub Group by 19.4% in the second quarter. Select Equity Group L.P. now owns 1,836,354 shares of the transportation company’s stock worth $79,055,000 after purchasing an additional 298,390 shares during the last quarter. Edgestream Partners L.P. purchased a new position in Hub Group in the first quarter worth $5,843,000. Point72 Asset Management L.P. purchased a new position in Hub Group in the second quarter worth $4,680,000. Finally, Principal Financial Group Inc. grew its holdings in Hub Group by 14.3% in the third quarter. Principal Financial Group Inc. now owns 783,456 shares of the transportation company’s stock worth $35,608,000 after purchasing an additional 97,768 shares during the last quarter. 46.77% of the stock is owned by hedge funds and other institutional investors.

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.