Hub Group (NASDAQ:HUBG) PT Lowered to $44.00 at Evercore ISI

Hub Group (NASDAQ:HUBG) had its price target reduced by Evercore ISI from $46.00 to $44.00 in a research report report published on Friday morning, Benzinga reports. Evercore ISI currently has an outperform rating on the transportation company’s stock.

Other research analysts also recently issued research reports about the company. 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 note on Friday, February 2nd. Stephens lowered their target price on Hub Group from $44.00 to $42.00 and set an equal weight rating for the company in a research note on Friday. Stifel Nicolaus boosted their target price on Hub Group from $49.50 to $52.00 and gave the stock a buy rating in a research note on Wednesday, January 10th. Morgan Stanley boosted their target price on Hub Group from $43.00 to $44.00 and gave the stock an equal weight rating in a research note on Monday, February 12th. Finally, Susquehanna lowered their target price 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. Seven research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, Hub Group presently has a consensus rating of Hold and an average price target of $46.54.

Hub Group Stock Up 1.4 %

HUBG stock opened at $40.50 on Friday. The company has a market cap of $2.54 billion, a PE ratio of 19.24 and a beta of 0.89. The business has a 50-day simple moving average of $41.80 and a 200 day simple moving average of $41.62. Hub Group has a 52 week low of $31.73 and a 52 week high of $47.58. The company has a quick ratio of 1.29, a current ratio of 1.28 and a debt-to-equity ratio of 0.14.

Hub Group (NASDAQ:HUBG) last posted its quarterly earnings results on Thursday, April 25th. The transportation company reported $0.44 EPS for the quarter, beating analysts’ consensus estimates of $0.40 by $0.04. The business 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 for the quarter was down 16.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.94 earnings per share. Sell-side analysts anticipate that Hub Group will post 2.15 EPS for the current fiscal year.

Hub Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 27th. Stockholders of record on Friday, March 8th were issued a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 1.23%. The ex-dividend date was Thursday, March 7th. Hub Group’s dividend payout ratio (DPR) is currently 23.75%.

Institutional Trading of Hub Group

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Principal Financial Group Inc. boosted its holdings in Hub Group by 109.6% in the first quarter. Principal Financial Group Inc. now owns 702,443 shares of the transportation company’s stock valued at $30,360,000 after acquiring an additional 367,345 shares during the last quarter. Norges Bank bought a new stake in Hub Group in the fourth quarter valued at approximately $31,439,000. LSV Asset Management boosted its holdings in Hub Group by 9,049.5% in the third quarter. LSV Asset Management now owns 334,962 shares of the transportation company’s stock valued at $26,308,000 after acquiring an additional 331,301 shares during the last quarter. Pacer Advisors Inc. boosted its holdings in Hub Group by 54.5% in the fourth quarter. Pacer Advisors Inc. now owns 727,572 shares of the transportation company’s stock valued at $66,893,000 after acquiring an additional 256,551 shares during the last quarter. Finally, Victory Capital Management Inc. boosted its holdings in Hub Group by 8.5% in the third quarter. Victory Capital Management Inc. now owns 1,675,277 shares of the transportation company’s stock valued at $131,576,000 after acquiring an additional 131,193 shares during the last quarter. 46.77% of the stock is currently owned by institutional investors.

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.