Hub Group, Inc. (NASDAQ:HUBG) Given Average Recommendation of “Hold” by Brokerages

Hub Group, Inc. (NASDAQ:HUBG) has been assigned an average rating of “Hold” from the seventeen research firms that are currently covering the company, Marketbeat reports. One research analyst has rated the stock with a sell rating, nine have given a hold rating and seven have given a buy rating to the company. The average 1-year price target among analysts that have covered the stock in the last year is $43.1429.

Several brokerages recently commented on HUBG. Stifel Nicolaus lifted their target price on shares of Hub Group from $27.00 to $29.00 and gave the stock a “sell” rating in a report on Thursday, April 2nd. 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 report on Thursday, March 26th. Zacks Research upgraded shares of Hub Group from a “strong sell” rating to a “hold” rating in a report on Monday, April 13th. Benchmark dropped their target price on shares of Hub Group from $50.00 to $42.00 and set a “buy” rating on the stock in a report on Thursday, May 14th. Finally, Raymond James Financial restated an “outperform” rating and set a $48.00 price objective on shares of Hub Group in a report on Wednesday, April 15th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Northwestern Mutual Wealth Management Co. increased its holdings in shares of Hub Group by 265.9% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 644 shares of the transportation company’s stock worth $27,000 after purchasing an additional 468 shares during the period. Torren Management LLC bought a new position in shares of Hub Group during the 4th quarter worth about $31,000. Quarry LP increased its holdings in shares of Hub Group by 271.5% during the 3rd quarter. Quarry LP now owns 1,107 shares of the transportation company’s stock worth $38,000 after purchasing an additional 809 shares during the period. Smartleaf Asset Management LLC increased its holdings 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 worth $44,000 after purchasing an additional 321 shares during the period. Finally, State of Wyoming bought a new position in shares of Hub Group during the 1st quarter worth about $52,000. Institutional investors own 46.77% of the company’s stock.

Hub Group Stock Performance

Shares of HUBG opened at $43.00 on Thursday. The company has a market capitalization of $2.63 billion, a PE ratio of 24.86, a price-to-earnings-growth ratio of 1.23 and a beta of 1.23. Hub Group has a one year low of $32.46 and a one year high of $53.26. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.47 and a quick ratio of 1.47. The company’s fifty day moving average price is $42.49 and its 200 day moving average price is $42.19.

Hub Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 17th. Stockholders of record on Friday, June 5th were issued a dividend of $0.125 per share. The ex-dividend date was Friday, June 5th. This represents a $0.50 annualized dividend and a dividend yield of 1.2%. Hub Group’s payout ratio is presently 28.90%.

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.