Hub Group (NASDAQ:HUBG) Sets New 52-Week High – Time to Buy?

Hub Group, Inc. (NASDAQ:HUBG)’s stock price hit a new 52-week high during trading on Monday . The company traded as high as $48.96 and last traded at $49.0060, with a volume of 137519 shares trading hands. The stock had previously closed at $47.58.

Analyst Ratings Changes

Several brokerages recently issued reports on HUBG. Evercore ISI set a $53.00 price target on Hub Group and gave the company an “outperform” rating in a research report on Monday, January 12th. Robert W. Baird set a $47.00 target price on Hub Group in a research note on Tuesday, January 6th. Wells Fargo & Company initiated coverage on Hub Group in a research note on Friday, December 5th. They set an “overweight” rating and a $47.00 price target for the company. BMO Capital Markets increased their price target on Hub Group from $38.00 to $40.00 and gave the stock a “market perform” rating in a report on Monday, November 3rd. Finally, Zacks Research upgraded shares of Hub Group from a “strong sell” rating to a “hold” rating in a research report on Monday, December 1st. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $46.20.

Hub Group Trading Up 3.9%

The company has a market cap of $3.21 billion, a price-to-earnings ratio of 30.36, a P/E/G ratio of 1.44 and a beta of 1.13. The business has a fifty day simple moving average of $44.64 and a 200 day simple moving average of $38.86. 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 Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 17th. Stockholders of record on Friday, December 5th were given a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date was Friday, December 5th. Hub Group’s dividend payout ratio (DPR) is presently 28.90%.

Insider Buying and Selling

In other Hub Group news, CEO Phillip D. Yeager sold 32,000 shares of the business’s stock in a transaction on Thursday, December 11th. The stock was sold at an average price of $43.68, for a total transaction of $1,397,760.00. Following the sale, the chief executive officer directly owned 168,315 shares in the company, valued at approximately $7,351,999.20. The trade was a 15.97% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Gary Yablon bought 4,566 shares of the stock in a transaction on Thursday, December 11th. The stock was purchased at an average cost of $43.73 per share, for a total transaction of $199,671.18. Following the acquisition, the director directly owned 32,778 shares of the company’s stock, valued at $1,433,381.94. The trade was a 16.18% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Corporate insiders own 3.48% of the company’s stock.

Institutional Trading of Hub Group

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Torren Management LLC purchased a new stake in Hub Group in the 4th quarter worth approximately $31,000. Frazier Financial Advisors LLC acquired a new stake in shares of Hub Group during the third quarter worth $35,000. Quarry LP grew its position in shares of Hub Group by 271.5% in the third quarter. Quarry LP now owns 1,107 shares of the transportation company’s stock valued at $38,000 after purchasing an additional 809 shares during the period. Smartleaf Asset Management LLC increased its stake in Hub Group by 33.4% in the second 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, NewEdge Advisors LLC increased its stake in Hub Group by 333.8% in the second quarter. NewEdge Advisors LLC now owns 1,488 shares of the transportation company’s stock valued at $50,000 after purchasing an additional 1,145 shares during the last quarter. Hedge funds and other institutional investors own 46.77% of the company’s stock.

Hub Group Company Profile

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.