Susquehanna Lowers Hub Group (NASDAQ:HUBG) Price Target to $48.00

Hub Group (NASDAQ:HUBG) had its target price decreased by Susquehanna from $50.00 to $48.00 in a report published on Friday morning, Benzinga reports. Susquehanna currently has a neutral rating on the transportation company’s stock.

Other research analysts have also recently issued research reports about the stock. TD Cowen lifted their target price on shares of Hub Group from $43.00 to $49.00 and gave the company a “hold” rating in a research note on Thursday, October 31st. JPMorgan Chase & Co. boosted their price objective on shares of Hub Group from $43.00 to $51.00 and gave the stock a “neutral” rating in a research report on Friday, August 2nd. Benchmark restated a “buy” rating and issued a $47.00 price objective on shares of Hub Group in a research report on Tuesday, September 17th. Barclays boosted their price objective on shares of Hub Group from $40.00 to $42.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 31st. Finally, Stifel Nicolaus dropped their price objective on shares of Hub Group from $45.00 to $43.00 and set a “buy” rating for the company in a research report on Tuesday, August 6th. Ten analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $46.00.

Hub Group Stock Up 1.8 %

Shares of HUBG opened at $44.05 on Friday. Hub Group has a 12 month low of $34.51 and a 12 month high of $48.39. The company has a 50-day moving average price of $44.32 and a two-hundred day moving average price of $43.49. The company has a quick ratio of 1.32, a current ratio of 1.30 and a debt-to-equity ratio of 0.12. The stock has a market cap of $2.74 billion, a price-to-earnings ratio of 25.03 and a beta of 0.89.

Hub Group (NASDAQ:HUBG) last posted its earnings results on Wednesday, October 30th. The transportation company reported $0.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.49 by $0.03. Hub Group had a net margin of 2.74% and a return on equity of 7.44%. The company had revenue of $986.89 million during the quarter, compared to analysts’ expectations of $1.06 billion. During the same quarter in the previous year, the company posted $0.49 earnings per share. Hub Group’s quarterly revenue was down 3.7% compared to the same quarter last year. Equities analysts predict that Hub Group will post 1.91 EPS for the current fiscal year.

Hub Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 25th. Stockholders of record on Friday, September 6th were issued a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 1.14%. The ex-dividend date was Friday, September 6th. Hub Group’s dividend payout ratio (DPR) is 28.41%.

Hedge Funds Weigh In On Hub Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in HUBG. Vanguard Group Inc. boosted its stake in Hub Group by 99.1% in the 1st quarter. Vanguard Group Inc. now owns 6,883,930 shares of the transportation company’s stock worth $297,523,000 after purchasing an additional 3,427,047 shares during the period. William Blair Investment Management LLC raised its holdings in shares of Hub Group by 99.5% in the 1st quarter. William Blair Investment Management LLC now owns 841,980 shares of the transportation company’s stock valued at $36,390,000 after purchasing an additional 419,873 shares during the period. Select Equity Group L.P. raised its holdings in shares of Hub Group by 19.4% in the 2nd quarter. Select Equity Group L.P. now owns 1,836,354 shares of the transportation company’s stock valued at $79,055,000 after purchasing an additional 298,390 shares during the period. LSV Asset Management grew its stake in Hub Group by 88.0% in the 1st quarter. LSV Asset Management now owns 626,226 shares of the transportation company’s stock valued at $27,065,000 after buying an additional 293,094 shares during the last quarter. Finally, Edgestream Partners L.P. acquired a new position in Hub Group in the 1st quarter valued at about $5,843,000. 46.77% of the stock is owned by institutional investors and hedge funds.

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.