Hub Group, Inc. (NASDAQ:HUBG) Receives $43.20 Consensus Price Target from Analysts

Shares of Hub Group, Inc. (NASDAQ:HUBG) have earned a consensus rating of “Hold” from the seventeen analysts that are covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, nine have issued a hold recommendation and seven have assigned a buy recommendation to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $43.20.

Several brokerages have commented on HUBG. TD Cowen restated a “hold” rating on shares of Hub Group in a research note on Monday, January 12th. Barclays reiterated an “overweight” rating and issued a $48.00 price target (up from $38.00) on shares of Hub Group in a report on Thursday, January 15th. Wells Fargo & Company restated an “equal weight” rating and set a $35.00 price objective (down from $55.00) on shares of Hub Group in a research note on Thursday, March 26th. Benchmark upped their target price on Hub Group from $40.00 to $50.00 and gave the stock a “buy” rating in a research report on Friday, January 23rd. Finally, Susquehanna raised their target price on Hub Group from $42.00 to $55.00 and gave the company a “positive” rating in a report on Thursday, January 8th.

Hub Group Price Performance

Shares of NASDAQ:HUBG opened at $41.81 on Wednesday. The company has a market cap of $2.56 billion, a P/E ratio of 24.17, a P/E/G ratio of 1.17 and a beta of 1.26. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 0.09. Hub Group has a 52 week low of $30.75 and a 52 week high of $53.26. The business has a fifty day simple moving average of $39.22 and a 200-day simple moving average of $40.71.

Hub Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 25th. Investors of record on Friday, March 13th were issued a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend was Friday, March 13th. Hub Group’s dividend payout ratio (DPR) is presently 28.90%.

Hedge Funds Weigh In On Hub Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Oregon Public Employees Retirement Fund increased its position in shares of Hub Group by 1.5% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 13,878 shares of the transportation company’s stock worth $591,000 after acquiring an additional 200 shares during the last quarter. Amalgamated Bank grew its stake in Hub Group by 1.8% during the 3rd quarter. Amalgamated Bank now owns 17,597 shares of the transportation company’s stock valued at $606,000 after purchasing an additional 311 shares in the last quarter. Smartleaf Asset Management LLC boosted its stake in shares of 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 buying an additional 321 shares during the last quarter. Baird Financial Group Inc. grew its position in shares of Hub Group by 0.4% during the second quarter. Baird Financial Group Inc. now owns 90,318 shares of the transportation company’s stock worth $3,019,000 after buying an additional 329 shares in the last quarter. Finally, ProShare Advisors LLC increased its stake in shares of Hub Group by 3.1% in the fourth quarter. ProShare Advisors LLC now owns 11,631 shares of the transportation company’s stock worth $496,000 after buying an additional 355 shares during the last quarter. 46.77% of the stock is owned by hedge funds and other institutional investors.

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.