Hub Group, Inc. Declares Quarterly Dividend of $0.13 (NASDAQ:HUBG)

Hub Group, Inc. (NASDAQ:HUBG) announced a quarterly dividend on Thursday, May 21st. Stockholders of record on Friday, June 5th will be paid a dividend of 0.125 per share by the transportation company on Wednesday, June 17th. This represents a c) dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend is Friday, June 5th.

Hub Group has a payout ratio of 20.5% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Hub Group to earn $2.75 per share next year, which means the company should continue to be able to cover its $0.50 annual dividend with an expected future payout ratio of 18.2%.

Hub Group Price Performance

Shares of HUBG stock opened at $40.68 on Friday. Hub Group has a fifty-two week low of $32.46 and a fifty-two week high of $53.26. The firm has a market capitalization of $2.49 billion, a price-to-earnings ratio of 23.51, a PEG ratio of 1.16 and a beta of 1.26. 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 stock’s 50-day simple moving average is $38.85 and its 200-day simple moving average is $41.02.

Analyst Ratings Changes

HUBG has been the topic of a number of recent research reports. Raymond James Financial reiterated an “outperform” rating and issued a $48.00 target price on shares of Hub Group in a research report on Wednesday, April 15th. Robert W. Baird set a $29.00 target price on Hub Group and gave the company a “neutral” rating in a research report on Friday, February 6th. 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 research report on Thursday, March 26th. Zacks Research upgraded Hub Group from a “strong sell” rating to a “hold” rating in a research report on Monday, April 13th. Finally, Benchmark dropped their target price on Hub Group from $50.00 to $42.00 and set a “buy” rating on the stock in a research report on Thursday, May 14th. Seven analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $43.14.

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.