Hub Group (NASDAQ:HUBG) Upgraded by Evercore ISI to Outperform Rating

Evercore ISI upgraded shares of Hub Group (NASDAQ:HUBG) from a hold rating to an outperform rating in a research note published on Monday, Marketbeat reports. Evercore ISI currently has $53.00 price target on the transportation company’s stock, up from their prior price target of $38.00.

Other analysts have also issued reports about the stock. Susquehanna increased their price target on shares of Hub Group from $42.00 to $55.00 and gave the company a “positive” rating in a research report on Thursday, January 8th. Cowen restated a “hold” rating on shares of Hub Group in a research note on Monday. JPMorgan Chase & Co. upped their price target on Hub Group from $42.00 to $50.00 and gave the stock a “neutral” rating in a research report on Monday. Wolfe Research reissued an “outperform” rating and issued a $50.00 price objective on shares of Hub Group in a research report on Thursday, January 8th. Finally, UBS Group restated a “neutral” rating and set a $38.00 target price (up from $36.00) on shares of Hub Group in a research note on Friday, October 10th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and nine have issued a Hold rating to the stock. According to data from MarketBeat, Hub Group currently has an average rating of “Moderate Buy” and an average price target of $44.87.

Hub Group Stock Up 0.9%

Hub Group stock traded up $0.43 during mid-day trading on Monday, reaching $47.21. 131,141 shares of the company were exchanged, compared to its average volume of 616,785. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.47 and a current ratio of 1.47. The firm has a market cap of $2.89 billion, a P/E ratio of 27.34, a PEG ratio of 1.32 and a beta of 1.14. The business has a fifty day moving average of $40.78 and a 200 day moving average of $37.42. Hub Group has a 12-month low of $30.75 and a 12-month high of $47.68.

Hub Group (NASDAQ:HUBG) last released its quarterly earnings results on Thursday, October 30th. The transportation company reported $0.49 EPS for the quarter, hitting the consensus estimate of $0.49. Hub Group had a return on equity of 6.58% and a net margin of 2.82%.The firm had revenue of $934.50 million during the quarter, compared to analyst estimates of $937.78 million. During the same period in the previous year, the company posted $0.52 EPS. The business’s revenue for the quarter was down 5.3% compared to the same quarter last year. Hub Group has set its FY 2025 guidance at 1.800-1.900 EPS. Research analysts anticipate that Hub Group will post 2.2 earnings per share for the current fiscal year.

Hub Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 17th. Stockholders of record on Friday, December 5th were issued a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend was Friday, December 5th. Hub Group’s payout ratio is 28.90%.

Insider Activity at Hub Group

In other news, CEO Phillip D. Yeager sold 32,000 shares of the stock in a transaction that occurred 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 transaction, the chief executive officer owned 168,315 shares in the company, valued at $7,351,999.20. This trade represents a 15.97% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Gary Yablon bought 4,566 shares of the business’s stock in a transaction dated Thursday, December 11th. The shares were bought at an average cost of $43.73 per share, with a total value of $199,671.18. Following the purchase, the director directly owned 32,778 shares of the company’s stock, valued at approximately $1,433,381.94. This represents a 16.18% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. 3.48% of the stock is owned by insiders.

Hedge Funds Weigh In On Hub Group

Institutional investors have recently added to or reduced their stakes in the stock. Frazier Financial Advisors LLC purchased a new stake in Hub Group in the 3rd quarter valued at $35,000. Quarry LP grew its holdings 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 position in Hub Group by 33.4% during the second quarter. Smartleaf Asset Management LLC now owns 1,282 shares of the transportation company’s stock worth $44,000 after purchasing an additional 321 shares during the last quarter. GAMMA Investing LLC boosted its holdings in Hub Group by 161.9% in the 2nd quarter. GAMMA Investing LLC now owns 1,375 shares of the transportation company’s stock valued at $46,000 after purchasing an additional 850 shares during the last quarter. Finally, NewEdge Advisors LLC boosted its holdings in Hub Group by 333.8% in the 2nd 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.