Recent Analysts’ Ratings Changes for Hub Group (HUBG)

A number of firms have modified their ratings and price targets on shares of Hub Group (NASDAQ: HUBG) recently:

• 8/6/2024 – Hub Group had its price target lowered by analysts at Stifel Nicolaus from $45.00 to $43.00. They now have a “buy” rating on the stock.
• 8/2/2024 – Hub Group had its price target raised by analysts at JPMorgan Chase & Co. from $43.00 to $51.00. They now have a “neutral” rating on the stock.
• 8/2/2024 – Hub Group had its price target raised by analysts at UBS Group AG from $42.00 to $48.00. They now have a “neutral” rating on the stock.
• 8/2/2024 – Hub Group had its price target lowered by analysts at Susquehanna from $45.00 to $44.00. They now have a “neutral” rating on the stock.
• 7/18/2024 – Hub Group was downgraded by analysts at TD Cowen from a “buy” rating to a “hold” rating. They now have a $43.00 price target on the stock, down previously from $50.00.
• 7/9/2024 – Hub Group had its price target lowered by analysts at JPMorgan Chase & Co. from $44.00 to $43.00. They now have a “neutral” rating on the stock.
• 7/9/2024 – Hub Group had its “buy” rating reaffirmed by analysts at Benchmark Co.. They now have a $49.00 price target on the stock.
• 6/25/2024 – Hub Group had its “in-line” rating reaffirmed by analysts at Evercore ISI. They now have a $44.00 price target on the stock.

Hub Group Price Performance

Shares of NASDAQ HUBG traded down $0.63 during trading on Monday, hitting $42.11. The company had a trading volume of 97,520 shares, compared to its average volume of 450,457. The company has a market cap of $2.62 billion, a P/E ratio of 20.05 and a beta of 0.89. Hub Group, Inc. has a 52 week low of $31.73 and a 52 week high of $48.39. The business’s 50-day moving average is $43.66 and its 200 day moving average is $43.03. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.28 and a current ratio of 1.28.

Hub Group (NASDAQ:HUBG) last posted its quarterly earnings data on Thursday, August 1st. The transportation company reported $0.47 earnings per share for the quarter, hitting the consensus estimate of $0.47. Hub Group had a net margin of 2.89% and a return on equity of 7.38%. The firm had revenue of $986.50 million for the quarter, compared to analysts’ expectations of $1.09 billion. During the same period in the previous year, the company posted $0.72 EPS. The company’s quarterly revenue was down 5.2% compared to the same quarter last year. Equities research analysts predict that Hub Group, Inc. will post 2.02 earnings per share for the current fiscal year.

Hub Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 26th. Investors of record on Friday, June 7th were paid a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 1.19%. The ex-dividend date was Friday, June 7th. Hub Group’s payout ratio is presently 23.81%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Family Firm Inc. acquired a new position in shares of Hub Group during the second quarter valued at about $26,000. Silicon Valley Capital Partners grew its stake in shares of Hub Group by 100.6% during the first quarter. Silicon Valley Capital Partners now owns 682 shares of the transportation company’s stock valued at $29,000 after purchasing an additional 342 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. lifted its holdings in Hub Group by 81.5% in the first quarter. Harel Insurance Investments & Financial Services Ltd. now owns 744 shares of the transportation company’s stock valued at $32,000 after buying an additional 334 shares during the period. Fidelis Capital Partners LLC acquired a new position in Hub Group in the first quarter valued at approximately $38,000. Finally, Versant Capital Management Inc lifted its holdings in Hub Group by 109.2% in the first quarter. Versant Capital Management Inc now owns 1,096 shares of the transportation company’s stock valued at $47,000 after buying an additional 572 shares during the period. Institutional investors and hedge funds own 46.77% of the company’s stock.

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.