Susquehanna Raises Hub Group (NASDAQ:HUBG) Price Target to $50.00

Hub Group (NASDAQ:HUBG) had its price target increased by Susquehanna from $44.00 to $50.00 in a research report released on Thursday morning, Benzinga reports. They currently have a neutral rating on the transportation company’s stock.

HUBG has been the topic of several other reports. Evercore ISI reissued an in-line rating and set a $44.00 price target on shares of Hub Group in a research report on Tuesday, June 25th. UBS Group upped their price target on shares of Hub Group from $42.00 to $48.00 and gave the company a neutral rating in a report on Friday, August 2nd. TD Cowen lowered Hub Group from a buy rating to a hold rating and dropped their price target for the company from $50.00 to $43.00 in a research report on Thursday, July 18th. JPMorgan Chase & Co. lifted their target price on Hub Group from $43.00 to $51.00 and gave the company a neutral rating in a research note on Friday, August 2nd. Finally, Benchmark reissued a buy rating and set a $47.00 target price on shares of Hub Group in a research note on Tuesday, September 17th. Ten analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, Hub Group currently has a consensus rating of Hold and a consensus price target of $45.65.

Hub Group Price Performance

Shares of Hub Group stock opened at $45.18 on Thursday. The business’s fifty day moving average price is $44.52 and its 200 day moving average price is $43.16. Hub Group has a twelve month low of $31.73 and a twelve month high of $48.39. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 0.13. The stock has a market capitalization of $2.82 billion, a P/E ratio of 21.51 and a beta of 0.89.

Hub Group (NASDAQ:HUBG) last released its quarterly earnings data on Thursday, August 1st. The transportation company reported $0.47 earnings per share for the quarter, meeting the consensus estimate of $0.47. The business had revenue of $986.50 million for the quarter, compared to analyst estimates of $1.09 billion. Hub Group had a return on equity of 7.37% and a net margin of 2.89%. The company’s revenue was down 5.2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.72 EPS. As a group, research analysts anticipate that Hub Group will post 1.93 earnings per share for the current year.

Hub Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 25th. Stockholders of record on Friday, September 6th were issued a dividend of $0.125 per share. The ex-dividend date of this dividend was Friday, September 6th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.11%. Hub Group’s dividend payout ratio is currently 23.81%.

Institutional Investors Weigh In On Hub Group

Large investors have recently bought and sold shares of the business. Arizona State Retirement System increased its holdings in shares of Hub Group by 1.6% during the 2nd quarter. Arizona State Retirement System now owns 17,427 shares of the transportation company’s stock valued at $750,000 after acquiring an additional 282 shares during the last quarter. Inspire Advisors LLC grew its position in shares of Hub Group by 1.7% in the second quarter. Inspire Advisors LLC now owns 17,327 shares of the transportation company’s stock valued at $746,000 after purchasing an additional 284 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. increased its stake in shares of 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 worth $32,000 after purchasing an additional 334 shares during the period. Silicon Valley Capital Partners lifted its position in shares of Hub Group by 100.6% during the 1st quarter. Silicon Valley Capital Partners now owns 682 shares of the transportation company’s stock worth $29,000 after purchasing an additional 342 shares during the last quarter. Finally, Covestor Ltd boosted its stake in Hub Group by 37.4% during 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 during the period. 46.77% of the stock is currently owned by institutional investors.

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.