Hub Group (NASDAQ:HUBG) Upgraded by Zacks Research to Hold Rating

Zacks Research upgraded shares of Hub Group (NASDAQ:HUBG) from a strong sell rating to a hold rating in a research note issued to investors on Monday morning,Zacks.com reports.

Several other equities analysts have also commented on the company. BMO Capital Markets raised their price target on Hub Group from $38.00 to $40.00 and gave the company a “market perform” rating in a research note on Monday, November 3rd. Robert W. Baird reduced their price target on shares of Hub Group from $44.00 to $42.00 and set an “outperform” rating for the company in a report on Monday, August 4th. Stifel Nicolaus set a $41.00 price target on shares of Hub Group and gave the stock a “buy” rating in a research report on Friday, October 3rd. Barclays dropped their price objective on shares of Hub Group from $40.00 to $38.00 and set an “equal weight” rating on the stock in a research note on Thursday, October 2nd. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Hub Group from $41.00 to $42.00 and gave the stock a “neutral” rating in a research note on Friday, October 31st. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $39.83.

Hub Group Trading Up 0.7%

Shares of Hub Group stock traded up $0.26 on Monday, hitting $40.11. 57,643 shares of the company traded hands, compared to its average volume of 598,948. The stock’s 50 day moving average price is $35.78 and its 200-day moving average price is $35.34. The company has a current ratio of 1.47, a quick 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 $51.38. The company has a market cap of $2.45 billion, a PE ratio of 23.18, a PEG ratio of 1.38 and a beta of 1.16.

Hub Group (NASDAQ:HUBG) last announced its quarterly earnings data on Thursday, October 30th. The transportation company reported $0.49 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.49. The company had revenue of $934.50 million for the quarter, compared to analysts’ expectations of $937.78 million. Hub Group had a return on equity of 6.58% and a net margin of 2.82%.Hub Group’s revenue was down 5.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.52 earnings per share. Hub Group has set its FY 2025 guidance at 1.800-1.900 EPS. Equities research analysts predict that Hub Group will post 2.2 EPS for the current year.

Hub Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 17th. Shareholders of record on Friday, December 5th will be paid a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 1.2%. The ex-dividend date is Friday, December 5th. Hub Group’s dividend payout ratio (DPR) is 28.90%.

Hedge Funds Weigh In On Hub Group

A number of large investors have recently made changes to their positions in the business. Frazier Financial Advisors LLC acquired a new stake in shares of Hub Group in the 3rd quarter worth $35,000. Quarry LP increased its position in Hub Group by 271.5% during the 3rd quarter. Quarry LP now owns 1,107 shares of the transportation company’s stock valued at $38,000 after buying an additional 809 shares in the last quarter. Smartleaf Asset Management LLC raised 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 buying an additional 321 shares during the last quarter. GAMMA Investing LLC raised its stake in Hub Group by 161.9% in the second quarter. GAMMA Investing LLC now owns 1,375 shares of the transportation company’s stock valued at $46,000 after buying an additional 850 shares during the last quarter. Finally, NewEdge Advisors LLC boosted its holdings in Hub Group by 333.8% in the second quarter. NewEdge Advisors LLC now owns 1,488 shares of the transportation company’s stock worth $50,000 after acquiring an additional 1,145 shares in the last quarter. 46.77% of the stock is owned by institutional investors and hedge funds.

About Hub Group

Hub Group, Inc, a supply chain solutions provider, offers transportation and logistics management services in North America. The company's transportation services include intermodal, truckload, less-than-truckload, flatbed, temperature-controlled, and dedicated and regional trucking, as well as final mile, railcar, small parcel, and international transportation.