Hub Group, Inc. (NASDAQ:HUBG) Stock Has Consensus Price Target of $42.69 According to Brokerages

Hub Group, Inc. (NASDAQ:HUBG) has been assigned a consensus recommendation of “Hold” from the sixteen brokerages that are presently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and five have given a buy rating to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $41.31.

Several research firms have recently weighed in on HUBG. Wall Street Zen raised Hub Group from a “sell” rating to a “hold” rating in a report on Sunday. Raymond James Financial cut their target price on shares of Hub Group from $48.00 to $40.00 and set an “outperform” rating on the stock in a report on Thursday, September 17th. UBS Group reiterated a “neutral” rating on shares of Hub Group in a research report on Tuesday, September 15th. Barclays set a $30.00 price target on shares of Hub Group and gave the stock an “equal weight” rating in a research note on Monday. Finally, Wells Fargo & Company set a $35.00 price objective on shares of Hub Group in a research note on Monday, September 14th.

Hedge Funds Weigh In On Hub Group

Several institutional investors have recently added to or reduced their stakes in the stock. Engineers Gate Manager LP purchased a new stake in shares of Hub Group during the second quarter worth approximately $460,000. Squarepoint Ops LLC grew its position in Hub Group by 31.9% in the 2nd quarter. Squarepoint Ops LLC now owns 63,882 shares of the transportation company’s stock valued at $2,797,000 after buying an additional 15,449 shares during the last quarter. Baird Financial Group Inc. grew its position in Hub Group by 8.8% in the 2nd quarter. Baird Financial Group Inc. now owns 104,493 shares of the transportation company’s stock valued at $4,576,000 after buying an additional 8,464 shares during the last quarter. Nykredit A S acquired a new position in Hub Group in the 2nd quarter valued at $25,000. Finally, Corient Private Wealth LP acquired a new position in Hub Group in the 2nd quarter valued at $359,000. Institutional investors and hedge funds own 46.77% of the company’s stock.

Hub Group Stock Performance

Shares of HUBG stock opened at $30.22 on Friday. The stock’s 50-day moving average is $39.96 and its two-hundred day moving average is $41.03. The firm has a market cap of $1.85 billion, a price-to-earnings ratio of 17.47, a PEG ratio of 1.08 and a beta of 1.19. Hub Group has a 1 year low of $29.72 and a 1 year high of $53.26.

Hub Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Monday, September 21st will be issued a dividend of $0.1250 per share. The ex-dividend date of this dividend is Monday, September 21st. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.7%. Hub Group’s dividend payout ratio (DPR) is currently 28.90%.

Hub Group Company Profile

Hub Group, Inc is a North American transportation and logistics company that provides supply chain solutions to manufacturers, retailers, distributors and other businesses. Its services are designed to help customers move freight efficiently across multiple modes of transportation and manage related logistics activities.

The company’s primary offerings include intermodal transportation, which combines rail and truck services; truck brokerage; dedicated and managed transportation; and final-mile and other logistics services.