Benchmark Reaffirms Buy Rating for Hub Group (NASDAQ:HUBG)

Benchmark reiterated their buy rating on shares of Hub Group (NASDAQ:HUBGFree Report) in a research note issued to investors on Wednesday, Benzinga reports. Benchmark currently has a $49.00 price target on the transportation company’s stock.

Several other research firms have also commented on HUBG. Morgan Stanley increased their price objective on shares of Hub Group from $43.00 to $44.00 and gave the company an equal weight rating in a research report on Monday, February 12th. Wells Fargo & Company increased their price objective on shares of Hub Group from $45.00 to $50.00 and gave the company an overweight rating in a research report on Friday, February 2nd. StockNews.com upgraded shares of Hub Group from a sell rating to a hold rating in a research report on Friday, March 1st. JPMorgan Chase & Co. raised their target price on shares of Hub Group from $43.50 to $46.00 and gave the stock a neutral rating in a report on Tuesday, January 9th. Finally, Susquehanna lowered their target price on shares of Hub Group from $49.00 to $46.00 and set a neutral rating for the company in a report on Monday, March 25th. Six research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of Hold and an average target price of $46.63.

Get Our Latest Stock Report on Hub Group

Hub Group Stock Performance

HUBG opened at $40.92 on Wednesday. The stock has a market capitalization of $2.57 billion, a price-to-earnings ratio of 15.71 and a beta of 0.89. The company has a fifty day moving average of $42.82 and a 200 day moving average of $41.54. Hub Group has a fifty-two week low of $31.73 and a fifty-two week high of $47.58. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.29 and a current ratio of 1.29.

Hub Group (NASDAQ:HUBGGet Free Report) last posted its earnings results on Thursday, February 1st. The transportation company reported $0.54 earnings per share for the quarter, beating the consensus estimate of $0.52 by $0.02. Hub Group had a net margin of 3.99% and a return on equity of 10.56%. The company had revenue of $985.60 million during the quarter, compared to analysts’ expectations of $997.67 million. During the same period last year, the company posted $2.42 earnings per share. Hub Group’s quarterly revenue was down 23.3% on a year-over-year basis. As a group, sell-side analysts forecast that Hub Group will post 2.22 earnings per share for the current fiscal year.

Hub Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 27th. Shareholders of record on Friday, March 8th were given a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 1.22%. The ex-dividend date was Thursday, March 7th. Hub Group’s dividend payout ratio (DPR) is 19.19%.

Institutional Trading of Hub Group

Institutional investors have recently bought and sold shares of the stock. Anchor Investment Management LLC acquired a new stake in Hub Group in the 4th quarter worth approximately $37,000. Adirondack Trust Co. acquired a new stake in Hub Group during the 3rd quarter valued at approximately $39,000. Lazard Asset Management LLC acquired a new stake in Hub Group during the 1st quarter valued at approximately $46,000. Versant Capital Management Inc lifted its stake in Hub Group by 109.2% during the 1st quarter. Versant Capital Management Inc now owns 1,096 shares of the transportation company’s stock valued at $47,000 after acquiring an additional 572 shares during the period. Finally, Exchange Traded Concepts LLC lifted its stake in Hub Group by 60.3% during the 3rd quarter. Exchange Traded Concepts LLC now owns 795 shares of the transportation company’s stock valued at $62,000 after acquiring an additional 299 shares during the period. 46.77% of the stock is currently owned by institutional investors and hedge funds.

About Hub Group

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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.

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