Hub Group, Inc. (NASDAQ:HUBG) Stock Has Consensus Price Target of $40.67 According to Analysts

Hub Group, Inc. (NASDAQ:HUBG) has been assigned an average recommendation of “Hold” from the sixteen research firms that are presently covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, eight have issued a hold recommendation and six have issued a buy recommendation on the company. The average 1 year target price among brokerages that have covered the stock in the last year is $40.67.

A number of brokerages have recently commented on HUBG. Weiss Ratings lowered shares of Hub Group from a “hold (c)” rating to a “hold (c-)” rating in a research report on Monday, September 21st. Raymond James Financial decreased their target price on shares of Hub Group from $48.00 to $40.00 and set an “outperform” rating for the company in a research report on Thursday, September 17th. Barclays set a $30.00 price target on shares of Hub Group and gave the company an “equal weight” rating in a research note on Monday, September 28th. Robert W. Baird raised shares of Hub Group from a “neutral” rating to an “outperform” rating and set a $29.00 price target on the stock in a research report on Monday, October 12th. Finally, JPMorgan Chase & Co. cut their price target on shares of Hub Group from $50.00 to $46.00 and set a “neutral” rating on the stock in a research report on Monday, October 5th.

Hub Group Stock Performance

NASDAQ HUBG opened at $25.70 on Wednesday. The stock has a market capitalization of $1.57 billion, a price-to-earnings ratio of 14.86 and a beta of 1.24. The stock’s 50 day moving average price is $32.75 and its two-hundred day moving average price is $39.91. Hub Group has a 52 week low of $24.98 and a 52 week high of $53.26.

Hub Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Monday, September 21st were given a $0.1250 dividend. The ex-dividend date of this dividend was Monday, September 21st. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.9%. Hub Group’s payout ratio is currently 28.90%.

Institutional Trading of Hub Group

Several institutional investors and hedge funds have recently bought and sold shares of HUBG. Wellington Management Group LLP boosted its holdings in shares of Hub Group by 7.1% during the 2nd quarter. Wellington Management Group LLP now owns 7,446,774 shares of the transportation company’s stock worth $326,094,000 after buying an additional 491,130 shares during the period. Edgestream Partners L.P. acquired a new position in Hub Group in the 1st quarter valued at about $8,069,000. Renaissance Technologies LLC raised its holdings in Hub Group by 2,065.9% in the 1st quarter. Renaissance Technologies LLC now owns 146,672 shares of the transportation company’s stock valued at $5,286,000 after acquiring an additional 139,900 shares during the period. Arrowstreet Capital Limited Partnership raised its holdings in Hub Group by 88.2% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 205,885 shares of the transportation company’s stock valued at $7,420,000 after acquiring an additional 96,489 shares during the period. Finally, Bank of America Corp DE raised its holdings in Hub Group by 8.1% in the 1st quarter. Bank of America Corp DE now owns 810,131 shares of the transportation company’s stock valued at $29,197,000 after acquiring an additional 61,025 shares during the period. Institutional investors own 46.77% of the company’s stock.

Hub Group Company Profile

Hub Group, Inc (NASDAQ:HUBG) is a transportation and logistics company that provides supply chain solutions primarily across North America. Its services are designed to help businesses move, manage and distribute freight through a combination of company-operated capabilities and third-party transportation providers.

The company’s primary business is intermodal transportation, which combines rail and truck service for the movement of freight. Hub Group also provides truck brokerage, dedicated transportation, logistics and supply chain management, warehousing and distribution, and final-mile delivery services.