Hub Group, Inc. (NASDAQ:HUBG) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of Hub Group, Inc. (NASDAQ:HUBG) have received an average rating of “Moderate Buy” from the twelve ratings firms that are currently covering the stock, Marketbeat.com reports. Six investment analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $46.54.

HUBG has been the topic of several research analyst reports. Benchmark restated a “buy” rating and issued a $49.00 target price on shares of Hub Group in a report on Friday, April 26th. StockNews.com raised shares of Hub Group from a “sell” rating to a “hold” rating in a research note on Friday, March 1st. BMO Capital Markets cut their target price on Hub Group from $48.00 to $45.00 and set a “market perform” rating on the stock in a research report on Friday, April 26th. Wells Fargo & Company boosted their price target on Hub Group from $45.00 to $50.00 and gave the company an “overweight” rating in a research report on Friday, February 2nd. Finally, Susquehanna dropped their price target on Hub Group from $49.00 to $46.00 and set a “neutral” rating for the company in a research note on Monday, March 25th.

Hub Group Stock Performance

NASDAQ:HUBG opened at $43.36 on Friday. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.28 and a quick ratio of 1.29. The firm has a market cap of $2.72 billion, a PE ratio of 20.65 and a beta of 0.90. The firm has a 50 day simple moving average of $41.58 and a 200-day simple moving average of $41.76. Hub Group has a 1-year low of $31.73 and a 1-year high of $47.58.

Hub Group (NASDAQ:HUBG) last issued its quarterly earnings results on Thursday, April 25th. The transportation company reported $0.44 earnings per share for the quarter, beating the consensus estimate of $0.40 by $0.04. The company had revenue of $1,000.00 million during the quarter, compared to the consensus estimate of $1.05 billion. Hub Group had a return on equity of 8.48% and a net margin of 3.28%. Hub Group’s revenue was down 16.7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.94 EPS. On average, equities analysts expect that Hub Group will post 2.02 EPS for the current year.

Hub Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 27th. Shareholders of record on Friday, March 8th were issued a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 1.15%. The ex-dividend date was Thursday, March 7th. Hub Group’s dividend payout ratio is presently 23.81%.

Institutional Trading of Hub Group

A number of hedge funds have recently made changes to their positions in the company. Victory Capital Management Inc. grew its holdings in Hub Group by 7.5% during the 4th quarter. Victory Capital Management Inc. now owns 1,801,201 shares of the transportation company’s stock valued at $165,602,000 after purchasing an additional 125,924 shares in the last quarter. State of New Jersey Common Pension Fund D boosted its position in Hub Group by 8.7% in the 4th quarter. State of New Jersey Common Pension Fund D now owns 33,514 shares of the transportation company’s stock valued at $3,081,000 after buying an additional 2,674 shares during the last quarter. Federated Hermes Inc. grew its stake in shares of Hub Group by 4.7% during the fourth quarter. Federated Hermes Inc. now owns 20,118 shares of the transportation company’s stock valued at $1,850,000 after acquiring an additional 899 shares in the last quarter. Vestmark Advisory Solutions Inc. purchased a new stake in shares of Hub Group during the fourth quarter worth about $238,000. Finally, Amica Mutual Insurance Co. acquired a new position in shares of Hub Group in the fourth quarter worth about $842,000. Hedge funds and other institutional investors own 46.77% of the company’s stock.

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.