Brokerages Set Hub Group, Inc. (NASDAQ:HUBG) Target Price at $43.14

Hub Group, Inc. (NASDAQ:HUBG) has been given a consensus rating of “Hold” by the seventeen ratings firms that are presently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, nine have given a hold rating and seven have given a buy rating to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $43.1429.

A number of analysts have weighed in on HUBG shares. Benchmark decreased their target price on shares of Hub Group from $50.00 to $42.00 and set a “buy” rating for the company in a research report on Thursday, May 14th. Stifel Nicolaus upped their target price on Hub Group from $27.00 to $29.00 and gave the company a “sell” rating in a research report on Thursday, April 2nd. Zacks Research raised Hub Group from a “strong sell” rating to a “hold” rating in a research note on Monday, April 13th. Wells Fargo & Company reiterated an “equal weight” rating and issued a $35.00 target price (down from $55.00) on shares of Hub Group in a report on Thursday, March 26th. Finally, Raymond James Financial reissued an “outperform” rating and issued a $48.00 price target on shares of Hub Group in a research note on Wednesday, April 15th.

Hub Group Stock Up 1.1%

Shares of NASDAQ:HUBG opened at $47.80 on Monday. The firm has a market cap of $2.92 billion, a P/E ratio of 27.63, a P/E/G ratio of 1.35 and a beta of 1.22. Hub Group has a 12-month low of $32.46 and a 12-month high of $53.26. The business has a fifty day simple moving average of $43.36 and a 200 day simple moving average of $42.45.

Hub Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 17th. Stockholders of record on Friday, June 5th were issued a dividend of $0.125 per share. The ex-dividend date was Friday, June 5th. This represents a $0.50 annualized dividend and a dividend yield of 1.0%. Hub Group’s dividend payout ratio is currently 28.90%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. grew its position in Hub Group by 265.9% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 644 shares of the transportation company’s stock valued at $27,000 after purchasing an additional 468 shares during the period. Torren Management LLC bought a new position in Hub Group in the 4th quarter valued at about $31,000. Quarry LP lifted its position in Hub Group by 271.5% in the 3rd quarter. Quarry LP now owns 1,107 shares of the transportation company’s stock valued at $38,000 after acquiring an additional 809 shares in the last quarter. Smartleaf Asset Management LLC boosted its stake in Hub Group by 33.4% during the 2nd quarter. Smartleaf Asset Management LLC now owns 1,282 shares of the transportation company’s stock valued at $44,000 after purchasing an additional 321 shares during the last quarter. Finally, State of Wyoming bought a new stake in Hub Group during the first quarter worth $52,000. Institutional investors own 46.77% of the company’s stock.

Trending Headlines about Hub Group

Here are the key news stories impacting Hub Group this week:

• Positive Sentiment: Hub Group’s stock has been trading higher, suggesting some buyers may be viewing the recent selloff as overdone or expecting the legal overhang to become more defined. HUBG INVESTOR ALERT: Hub Group, Inc. Investors with Substantial Losses Have Opportunity to Lead the Hub Group Class Action Lawsuit – HBSS
• Neutral Sentiment: Multiple law firms are reminding investors of an August 28 lead-plaintiff deadline in the securities class action, keeping the case in the spotlight but not adding new operational information. ROSEN, TRUSTED INVESTOR COUNSEL, Encourages Hub Group, Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action – HUBG
• Neutral Sentiment: These notices reiterate that the proposed class period runs from April 28, 2023 through May 11, 2026, which may matter for affected shareholders but is mainly procedural at this stage. HUBG UPCOMING DEADLINE: Levi & Korsinsky Alerts Hub Group, Inc. Stockholders of Securities Class Action – Contact the Firm
• Negative Sentiment: The biggest concern is the allegation that Hub Group’s financial reports since 2023 were “materially misstated and should no longer be relied upon,” which raises accounting and credibility risks for the company. Hub Group, Inc. (HUBG) Faces Securities Class Action — Hagens Berman Investigates Claims of False Financial Reporting
• Negative Sentiment: Several reports also cite corrective actions against two senior executives and claims that internal controls were ineffective for more than two years, reinforcing governance concerns. HUBG Court News: Hub Group Class Action Lawsuit Alleges Securities Fraud on behalf of Investors with Losses

About Hub Group

Hub Group, Inc (NASDAQ: HUBG) is a leading supply chain solutions provider headquartered in Oak Brook, Illinois. Founded in 1971 as Hub City Terminals and renamed Hub Group in 1978, the company completed its initial public offering in 2007. Over the decades, Hub Group has developed a comprehensive multimodal transportation network, leveraging partnerships with major rail carriers and an extensive drayage fleet to offer cost-efficient, sustainable shipping alternatives.

The company operates through two primary segments: Intermodal and Transportation Management.