Hub Group (NASDAQ:HUBG) Price Target Cut to $42.00 by Analysts at Stephens

Hub Group (NASDAQ:HUBG) had its target price trimmed by Stephens from $44.00 to $42.00 in a research note released on Friday morning, Benzinga reports. The firm currently has an equal weight rating on the transportation company’s stock.

HUBG has been the subject of several other research reports. Susquehanna lowered their price objective on Hub Group from $49.00 to $46.00 and set a neutral rating for the company in a research report on Monday, March 25th. Benchmark reiterated a buy rating and issued a $49.00 price objective on shares of Hub Group in a research report on Wednesday, April 10th. Wells Fargo & Company boosted their price objective on Hub Group from $45.00 to $50.00 and gave the company an overweight rating in a research report on Friday, February 2nd. TD Cowen boosted their price objective on Hub Group from $52.00 to $54.00 and gave the company an outperform rating in a research report on Friday, February 2nd. Finally, JPMorgan Chase & Co. upped their target price on Hub Group from $43.50 to $46.00 and gave the company a neutral rating in a report on Tuesday, January 9th. Seven analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, Hub Group presently has an average rating of Hold and an average price target of $46.54.

Hub Group Stock Down 0.6 %

Shares of NASDAQ HUBG opened at $39.93 on Friday. Hub Group has a 12 month low of $31.73 and a 12 month high of $47.58. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.15. The firm has a market capitalization of $2.51 billion, a price-to-earnings ratio of 18.97 and a beta of 0.89. The business has a 50-day moving average of $41.88 and a 200-day moving average of $41.59.

Hub Group (NASDAQ:HUBG) last issued its quarterly earnings data on Thursday, April 25th. The transportation company reported $0.44 EPS for the quarter, topping the consensus estimate of $0.40 by $0.04. The company had revenue of $1,000.00 million during the quarter, compared to analyst estimates of $1.05 billion. Hub Group had a return on equity of 8.47% and a net margin of 3.28%. Hub Group’s revenue was down 16.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.94 earnings per share. Sell-side analysts expect that Hub Group will post 2.19 earnings per share for the current fiscal year.

Hub Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 27th. Shareholders of record on Friday, March 8th were issued a $0.125 dividend. The ex-dividend date was Thursday, March 7th. This represents a $0.50 dividend on an annualized basis and a yield of 1.25%. Hub Group’s dividend payout ratio (DPR) is 23.75%.

Hedge Funds Weigh In On Hub Group

Institutional investors have recently added to or reduced their stakes in the company. Anchor Investment Management LLC bought a new position in Hub Group in the fourth quarter worth $37,000. Adirondack Trust Co. purchased a new stake in shares of Hub Group in the third quarter worth $39,000. Exchange Traded Concepts LLC grew its stake in shares of Hub Group by 60.3% in the third quarter. Exchange Traded Concepts LLC now owns 795 shares of the transportation company’s stock worth $62,000 after acquiring an additional 299 shares during the last quarter. Headlands Technologies LLC purchased a new stake in shares of Hub Group in the third quarter worth $63,000. Finally, Parkside Financial Bank & Trust grew its stake in shares of Hub Group by 20.3% in the third quarter. Parkside Financial Bank & Trust now owns 861 shares of the transportation company’s stock worth $68,000 after acquiring an additional 145 shares during the last quarter. 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.