Hub Group (NASDAQ:HUBG) Hits New 1-Year High on Analyst Upgrade

Hub Group, Inc. (NASDAQ:HUBG) shares reached a new 52-week high during mid-day trading on Thursday after Barclays raised their price target on the stock from $42.00 to $52.00. Barclays currently has an equal weight rating on the stock. Hub Group traded as high as $50.58 and last traded at $50.07, with a volume of 16116 shares. The stock had previously closed at $50.15.

HUBG has been the topic of a number of other research reports. Benchmark reissued a “buy” rating and issued a $47.00 price target on shares of Hub Group in a research report on Friday, November 1st. Stifel Nicolaus cut their target price on shares of Hub Group from $45.00 to $43.00 and set a “buy” rating for the company in a research report on Tuesday, August 6th. UBS Group upped their price target on shares of Hub Group from $42.00 to $48.00 and gave the company a “neutral” rating in a report on Friday, August 2nd. Susquehanna dropped their price objective on Hub Group from $50.00 to $48.00 and set a “neutral” rating on the stock in a research note on Friday, November 1st. Finally, JPMorgan Chase & Co. increased their target price on Hub Group from $43.00 to $51.00 and gave the company a “neutral” rating in a research note on Friday, August 2nd. Ten investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $46.83.

Institutional Investors Weigh In On Hub Group

Several institutional investors and hedge funds have recently bought and sold shares of the business. Family Firm Inc. bought a new stake in Hub Group in the second quarter valued at about $26,000. GAMMA Investing LLC grew its stake in shares of Hub Group by 65.0% during the third quarter. GAMMA Investing LLC now owns 711 shares of the transportation company’s stock valued at $32,000 after purchasing an additional 280 shares during the last quarter. Point72 Hong Kong Ltd acquired a new position in shares of Hub Group during the second quarter valued at $34,000. EntryPoint Capital LLC acquired a new position in Hub Group during the 1st quarter valued at about $52,000. Finally, Headlands Technologies LLC boosted its stake in shares of Hub Group by 179.1% in the 1st quarter. Headlands Technologies LLC now owns 1,496 shares of the transportation company’s stock valued at $65,000 after purchasing an additional 960 shares during the last quarter. Institutional investors own 46.77% of the company’s stock.

Hub Group Stock Performance

The firm’s 50-day moving average price is $44.71 and its 200 day moving average price is $43.92. The company has a market cap of $3.07 billion, a price-to-earnings ratio of 28.49 and a beta of 0.89. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.30 and a current ratio of 1.30.

Hub Group (NASDAQ:HUBG) last posted its quarterly earnings results on Wednesday, October 30th. The transportation company reported $0.52 earnings per share for the quarter, beating analysts’ consensus estimates of $0.49 by $0.03. Hub Group had a return on equity of 7.44% and a net margin of 2.74%. The company had revenue of $986.89 million for the quarter, compared to the consensus estimate of $1.06 billion. During the same quarter in the prior year, the business posted $0.49 EPS. The firm’s quarterly revenue was down 3.7% on a year-over-year basis. On average, sell-side analysts anticipate that Hub Group, Inc. will post 1.91 EPS for the current year.

Hub Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 25th. Shareholders of record on Friday, September 6th were paid a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 1.00%. The ex-dividend date of this dividend was Friday, September 6th. Hub Group’s payout ratio is presently 28.41%.

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.