Hub Group (NASDAQ:HUBG) Sets New 52-Week High – Here’s What Happened

Hub Group, Inc. (NASDAQ:HUBG) shares hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $50.85 and last traded at $50.60, with a volume of 75661 shares traded. The stock had previously closed at $50.25.

Analyst Ratings Changes

A number of brokerages recently weighed in on HUBG. Evercore ISI lifted their price objective on shares of Hub Group from $41.00 to $43.00 and gave the company an “in-line” rating in a report on Thursday, October 3rd. Stifel Nicolaus decreased their price objective on Hub Group from $45.00 to $43.00 and set a “buy” rating for the company in a research note on Tuesday, August 6th. Benchmark reiterated a “buy” rating and issued a $47.00 price target on shares of Hub Group in a research note on Friday, November 1st. TD Cowen boosted their target price on shares of Hub Group from $43.00 to $49.00 and gave the stock a “hold” rating in a research note on Thursday, October 31st. Finally, JPMorgan Chase & Co. raised their price target on Hub Group from $43.00 to $51.00 and gave the company a “neutral” rating in a research note on Friday, August 2nd. Ten investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $46.83.

Hub Group Trading Down 0.7 %

The company has a market capitalization of $3.06 billion, a price-to-earnings ratio of 28.55 and a beta of 0.89. The business’s 50 day simple moving average is $45.27 and its 200 day simple moving average is $44.22. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.30 and a quick ratio of 1.30.

Hub Group (NASDAQ:HUBG) last announced its earnings results on Wednesday, October 30th. The transportation company reported $0.52 earnings per share for the quarter, beating the consensus estimate of $0.49 by $0.03. Hub Group had a return on equity of 7.44% and a net margin of 2.74%. The company had revenue of $986.89 million for the quarter, compared to the consensus estimate of $1.06 billion. During the same period last year, the business posted $0.49 EPS. The company’s revenue was down 3.7% on a year-over-year basis. Research analysts anticipate that Hub Group, Inc. will post 1.91 EPS for the current year.

Hub Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 25th. Investors of record on Friday, September 6th were issued a dividend of $0.125 per share. The ex-dividend date was Friday, September 6th. This represents a $0.50 annualized dividend and a yield of 1.00%. Hub Group’s dividend payout ratio is currently 28.41%.

Hedge Funds Weigh In On Hub Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Family Firm Inc. purchased a new stake in shares of Hub Group during the 2nd quarter worth approximately $26,000. GAMMA Investing LLC increased its position in Hub Group by 65.0% during the third quarter. GAMMA Investing LLC now owns 711 shares of the transportation company’s stock worth $32,000 after buying an additional 280 shares in the last quarter. Point72 Hong Kong Ltd acquired a new position in shares of Hub Group in the second quarter worth $34,000. EntryPoint Capital LLC acquired a new stake in shares of Hub Group during the first quarter valued at $52,000. Finally, Covestor Ltd lifted its holdings in Hub Group by 37.4% in the 1st quarter. Covestor Ltd now owns 1,609 shares of the transportation company’s stock valued at $70,000 after purchasing an additional 438 shares in the last quarter. Institutional investors and hedge funds 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.