Hub Group (NASDAQ:HUBG) Price Target Cut to $45.00 by Analysts at Barclays

Hub Group (NASDAQ:HUBG) had its price objective lowered by Barclays from $50.00 to $45.00 in a report published on Wednesday morning,Benzinga reports. Barclays currently has an equal weight rating on the transportation company’s stock.

Other research analysts also recently issued reports about the stock. Deutsche Bank Aktiengesellschaft began coverage on shares of Hub Group in a research report on Friday, March 7th. They issued a “hold” rating and a $41.00 price target on the stock. Susquehanna dropped 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. Stifel Nicolaus lifted their target price on Hub Group from $46.00 to $53.00 and gave the company a “buy” rating in a research note on Thursday, January 23rd. Finally, Benchmark increased their price target on Hub Group from $47.00 to $49.00 and gave the stock a “buy” rating in a research report on Friday, January 10th. Eight research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, Hub Group presently has an average rating of “Hold” and a consensus price target of $46.73.

Hub Group Stock Up 2.1 %

Shares of Hub Group stock opened at $38.01 on Wednesday. The business has a 50-day moving average price of $40.76 and a 200 day moving average price of $44.30. Hub Group has a fifty-two week low of $36.04 and a fifty-two week high of $53.21. The firm has a market cap of $2.34 billion, a P/E ratio of 22.36 and a beta of 1.04. The company has a quick ratio of 1.30, a current ratio of 1.33 and a debt-to-equity ratio of 0.10.

Hub Group (NASDAQ:HUBG) last issued its quarterly earnings results on Thursday, February 6th. The transportation company reported $0.48 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.48. Hub Group had a return on equity of 7.10% and a net margin of 2.64%. On average, sell-side analysts forecast that Hub Group will post 2.2 earnings per share for the current fiscal year.

Hub Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Tuesday, March 18th were given a dividend of $0.125 per share. The ex-dividend date was Tuesday, March 18th. This represents a $0.50 dividend on an annualized basis and a yield of 1.32%. Hub Group’s dividend payout ratio (DPR) is presently 29.41%.

Institutional Investors Weigh In On Hub Group

A number of hedge funds and other institutional investors have recently modified their holdings of HUBG. Charles Schwab Investment Management Inc. grew its position in Hub Group by 3.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 663,516 shares of the transportation company’s stock valued at $30,157,000 after buying an additional 23,470 shares in the last quarter. FMR LLC boosted its holdings in shares of Hub Group by 17.5% in the third quarter. FMR LLC now owns 54,650 shares of the transportation company’s stock valued at $2,484,000 after acquiring an additional 8,130 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of Hub Group by 4.7% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 114,307 shares of the transportation company’s stock valued at $5,195,000 after acquiring an additional 5,092 shares during the period. Point72 DIFC Ltd raised its holdings in Hub Group by 20.3% during the third quarter. Point72 DIFC Ltd now owns 6,358 shares of the transportation company’s stock worth $289,000 after purchasing an additional 1,075 shares in the last quarter. Finally, State Street Corp lifted its position in Hub Group by 0.8% in the third quarter. State Street Corp now owns 2,489,503 shares of the transportation company’s stock worth $113,148,000 after purchasing an additional 20,215 shares during the period. 46.77% of the stock is currently owned by institutional investors.

About Hub Group

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.