Barclays Cuts Hub Group (NASDAQ:HUBG) Price Target to $38.00

Hub Group (NASDAQ:HUBG) had its price target lowered by Barclays from $40.00 to $38.00 in a research report sent to investors on Thursday morning, MarketBeat Ratings reports. The firm currently has an equal weight rating on the transportation company’s stock.

Other analysts have also recently issued reports about the stock. Deutsche Bank Aktiengesellschaft upgraded shares of Hub Group from a “hold” rating to a “buy” rating and set a $41.00 price target for the company in a report on Wednesday, July 23rd. Baird R W raised shares of Hub Group to a “strong-buy” rating in a research note on Tuesday, July 1st. Evercore ISI set a $37.00 price target on shares of Hub Group and gave the company an “in-line” rating in a report on Tuesday. Robert W. Baird dropped their price target on shares of Hub Group from $44.00 to $42.00 and set an “outperform” rating on the stock in a research note on Monday, August 4th. Finally, JPMorgan Chase & Co. reduced their price objective on Hub Group from $39.00 to $36.00 and set a “neutral” rating for the company in a research report on Tuesday, July 8th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $38.46.

Hub Group Stock Performance

Shares of HUBG stock opened at $34.16 on Thursday. The company has a market capitalization of $2.09 billion, a price-to-earnings ratio of 20.70, a P/E/G ratio of 1.15 and a beta of 1.12. Hub Group has a 1-year low of $30.75 and a 1-year high of $53.21. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.08. The stock’s fifty day simple moving average is $35.81 and its 200-day simple moving average is $34.76.

Hub Group (NASDAQ:HUBG) last announced its quarterly earnings data on Thursday, July 31st. The transportation company reported $0.45 EPS for the quarter, topping analysts’ consensus estimates of $0.44 by $0.01. Hub Group had a return on equity of 6.81% and a net margin of 2.65%.The firm had revenue of $905.65 million during the quarter, compared to analyst estimates of $913.53 million. During the same period last year, the company posted $0.47 EPS. The business’s quarterly revenue was down 8.2% compared to the same quarter last year. Hub Group has set its FY 2025 guidance at 1.800-2.050 EPS. On average, sell-side analysts predict that Hub Group will post 2.2 earnings per share for the current fiscal year.

Hub Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 24th. Stockholders of record on Friday, September 12th were issued a dividend of $0.125 per share. The ex-dividend date was Friday, September 12th. This represents a $0.50 annualized dividend and a dividend yield of 1.5%. Hub Group’s payout ratio is presently 30.30%.

Institutional Investors Weigh In On Hub Group

A number of institutional investors have recently added to or reduced their stakes in HUBG. Corient Private Wealth LLC raised its holdings in Hub Group by 25.1% in the 2nd quarter. Corient Private Wealth LLC now owns 7,057 shares of the transportation company’s stock valued at $236,000 after acquiring an additional 1,414 shares in the last quarter. Texas Permanent School Fund Corp increased its position in shares of Hub Group by 27.6% during the second quarter. Texas Permanent School Fund Corp now owns 38,874 shares of the transportation company’s stock valued at $1,300,000 after purchasing an additional 8,399 shares during the period. Neuberger Berman Group LLC acquired a new position in shares of Hub Group in the second quarter valued at $319,000. Hudson Bay Capital Management LP lifted its position in Hub Group by 3,557.4% in the second quarter. Hudson Bay Capital Management LP now owns 505,787 shares of the transportation company’s stock worth $16,908,000 after purchasing an additional 491,958 shares during the period. Finally, Public Sector Pension Investment Board boosted its stake in Hub Group by 5.6% during the second quarter. Public Sector Pension Investment Board now owns 231,091 shares of the transportation company’s stock worth $7,725,000 after buying an additional 12,226 shares in the last quarter. 46.77% of the stock is owned by institutional investors and hedge funds.

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.