Stifel Nicolaus Boosts Hub Group (NASDAQ:HUBG) Price Target to $53.00

Hub Group (NASDAQ:HUBG) had its price objective boosted by Stifel Nicolaus from $46.00 to $53.00 in a research note issued to investors on Thursday morning,Benzinga reports. Stifel Nicolaus currently has a buy rating on the transportation company’s stock.

Several other equities analysts have also commented on the stock. Benchmark increased their price objective on shares of Hub Group from $47.00 to $49.00 and gave the stock a “buy” rating in a research report on Friday, January 10th. TD Cowen boosted their price objective on Hub Group from $43.00 to $49.00 and gave the stock a “hold” rating in a research report on Thursday, October 31st. Susquehanna raised Hub Group from a “neutral” rating to a “positive” rating and set a $55.00 target price on the stock in a report on Friday, January 3rd. Barclays raised their price objective on shares of Hub Group from $42.00 to $52.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 13th. Finally, Evercore ISI upped their target price on Hub Group from $41.00 to $43.00 and gave the company an “in-line” rating in a research report on Thursday, October 3rd. Nine investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, Hub Group currently has a consensus rating of “Hold” and a consensus price target of $48.42.

Hub Group Stock Up 1.0 %

NASDAQ HUBG opened at $45.46 on Thursday. The business has a fifty day moving average price of $47.34 and a 200 day moving average price of $45.51. The company has a market cap of $2.79 billion, a P/E ratio of 25.83 and a beta of 0.94. 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 has a one year low of $38.07 and a one year high of $53.21.

Hub Group (NASDAQ:HUBG) last issued its earnings results on Wednesday, October 30th. The transportation company reported $0.52 EPS for the quarter, topping analysts’ consensus estimates of $0.49 by $0.03. The company had revenue of $986.89 million for the quarter, compared to the consensus estimate of $1.06 billion. Hub Group had a net margin of 2.74% and a return on equity of 7.44%. Hub Group’s quarterly revenue was down 3.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.49 earnings per share. Research analysts anticipate that Hub Group will post 1.91 EPS for the current fiscal year.

Hub Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, December 6th were given a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 1.10%. The ex-dividend date of this dividend was Friday, December 6th. Hub Group’s payout ratio is 28.41%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of HUBG. XTX Topco Ltd acquired a new stake in shares of Hub Group in the 3rd quarter worth approximately $481,000. Barclays PLC lifted its position in Hub Group by 199.6% during the third quarter. Barclays PLC now owns 117,774 shares of the transportation company’s stock worth $5,354,000 after buying an additional 78,467 shares during the period. Principal Financial Group Inc. boosted its position in shares of Hub Group by 14.3% in the third quarter. Principal Financial Group Inc. now owns 783,456 shares of the transportation company’s stock worth $35,608,000 after acquiring an additional 97,768 shares during the last quarter. State Street Corp boosted its holdings in shares of Hub Group by 0.8% in the 3rd quarter. State Street Corp now owns 2,489,503 shares of the transportation company’s stock valued at $113,148,000 after purchasing an additional 20,215 shares during the last quarter. Finally, Intech Investment Management LLC purchased a new stake in Hub Group during the second quarter valued at about $493,000. Hedge funds and other institutional investors own 46.77% of the company’s stock.

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.