Hub Group (NASDAQ:HUBG) Price Target Lowered to $33.13 at Benchmark

Hub Group (NASDAQ:HUBG) had its target price reduced by Benchmark from $40.00 to $33.13 in a research report released on Friday morning,Benzinga reports. They currently have a buy rating on the transportation company’s stock.

HUBG has been the topic of several other research reports. Susquehanna reduced their price objective on shares of Hub Group from $55.00 to $48.00 and set a “positive” rating on the stock in a research note on Wednesday, March 26th. Deutsche Bank Aktiengesellschaft began coverage on Hub Group in a research note on Friday, March 7th. They set a “hold” rating and a $41.00 price target on the stock. Barclays lowered their price objective on Hub Group from $50.00 to $45.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 2nd. Stifel Nicolaus increased their target price on Hub Group from $46.00 to $53.00 and gave the stock a “buy” rating in a research report on Thursday, January 23rd. Finally, TD Cowen lowered their price target on Hub Group from $40.00 to $36.00 and set a “hold” rating for the company in a report on Friday. Six investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $44.24.

Hub Group Stock Performance

Hub Group stock opened at $33.23 on Friday. Hub Group has a fifty-two week low of $30.75 and a fifty-two week high of $53.21. The company has a market capitalization of $2.04 billion, a price-to-earnings ratio of 19.55 and a beta of 1.13. The stock has a fifty day moving average of $34.83 and a two-hundred day moving average of $41.99. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.30 and a current ratio of 1.33.

Hub Group (NASDAQ:HUBG) last posted its quarterly earnings data on Thursday, May 8th. The transportation company reported $0.44 EPS for the quarter, topping analysts’ consensus estimates of $0.42 by $0.02. The firm had revenue of $915.22 million during the quarter, compared to analysts’ expectations of $973.86 million. Hub Group had a return on equity of 7.10% and a net margin of 2.64%. The firm’s quarterly revenue was down 8.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.44 EPS. On average, analysts anticipate that Hub Group will post 2.2 EPS for the current fiscal year.

Hub Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Tuesday, March 18th were issued a $0.125 dividend. The ex-dividend date was Tuesday, March 18th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.50%. Hub Group’s dividend payout ratio (DPR) is 29.41%.

Institutional Trading of Hub Group

Institutional investors have recently modified their holdings of the company. Barclays PLC lifted its position in Hub Group by 199.6% during the third quarter. Barclays PLC now owns 117,774 shares of the transportation company’s stock valued at $5,354,000 after buying an additional 78,467 shares in the last quarter. KLP Kapitalforvaltning AS purchased a new position in shares of Hub Group in the 4th quarter valued at $1,279,000. Hennion & Walsh Asset Management Inc. lifted its holdings in shares of Hub Group by 16.8% during the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 9,511 shares of the transportation company’s stock valued at $424,000 after acquiring an additional 1,368 shares in the last quarter. Bank of New York Mellon Corp boosted its position in Hub Group by 14.6% during the 4th quarter. Bank of New York Mellon Corp now owns 577,940 shares of the transportation company’s stock worth $25,753,000 after purchasing an additional 73,712 shares during the period. Finally, Atria Investments Inc acquired a new stake in Hub Group in the 4th quarter valued at $216,000. Hedge funds and other institutional investors own 46.77% of the company’s stock.

Hub Group Company Profile

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.