Hub Group (NASDAQ:HUBG) Given “Buy” Rating at Benchmark

Benchmark reaffirmed their buy rating on shares of Hub Group (NASDAQ:HUBG) in a research report released on Friday morning, Benzinga reports. They currently have a $49.00 target price on the transportation company’s stock.

HUBG has been the subject of a number of other research reports. TD Cowen boosted their target price on shares of Hub Group from $52.00 to $54.00 and gave the company an outperform rating in a research report on Friday, February 2nd. Stephens reduced their target price on shares of Hub Group from $44.00 to $42.00 and set an equal weight rating for the company in a research report on Friday. JPMorgan Chase & Co. boosted their price target on Hub Group from $43.50 to $46.00 and gave the company a neutral rating in a research note on Tuesday, January 9th. StockNews.com raised Hub Group from a sell rating to a hold rating in a research note on Friday, March 1st. Finally, Susquehanna dropped their price target on Hub Group from $49.00 to $46.00 and set a neutral rating for the company in a research note on Monday, March 25th. Seven investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of Hold and an average target price of $46.54.

Hub Group Trading Down 0.6 %

HUBG stock opened at $39.93 on Friday. The company has a fifty day moving average price of $41.88 and a two-hundred day moving average price of $41.59. The stock has a market cap of $2.51 billion, a price-to-earnings ratio of 18.97 and a beta of 0.89. Hub Group has a one year low of $31.73 and a one year high of $47.58. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.29 and a quick ratio of 1.29.

Hub Group (NASDAQ:HUBG) last announced its earnings results on Thursday, April 25th. The transportation company reported $0.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.40 by $0.04. The company had revenue of $1,000.00 million during the quarter, compared to analysts’ expectations of $1.05 billion. Hub Group had a net margin of 3.28% and a return on equity of 8.47%. Hub Group’s quarterly revenue was down 16.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.94 earnings per share. Equities analysts anticipate that Hub Group will post 2.19 EPS for the current year.

Hub Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 27th. Shareholders of record on Friday, March 8th were paid a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 1.25%. The ex-dividend date of this dividend was Thursday, March 7th. Hub Group’s payout ratio is 23.75%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Yousif Capital Management LLC increased its stake in shares of Hub Group by 91.8% in the first quarter. Yousif Capital Management LLC now owns 29,701 shares of the transportation company’s stock valued at $1,284,000 after buying an additional 14,219 shares during the period. Verdence Capital Advisors LLC increased its stake in shares of Hub Group by 9.8% in the first quarter. Verdence Capital Advisors LLC now owns 5,647 shares of the transportation company’s stock valued at $244,000 after buying an additional 506 shares during the period. New York State Teachers Retirement System increased its stake in shares of Hub Group by 85.4% in the first quarter. New York State Teachers Retirement System now owns 98,482 shares of the transportation company’s stock valued at $4,256,000 after buying an additional 45,371 shares during the period. Rice Hall James & Associates LLC increased its stake in shares of Hub Group by 42.4% in the first quarter. Rice Hall James & Associates LLC now owns 37,246 shares of the transportation company’s stock valued at $1,610,000 after buying an additional 11,091 shares during the period. Finally, Louisiana State Employees Retirement System increased its stake in shares of Hub Group by 98.1% in the first quarter. Louisiana State Employees Retirement System now owns 30,900 shares of the transportation company’s stock valued at $1,335,000 after buying an additional 15,300 shares during the period. Institutional investors and hedge funds own 46.77% of the company’s stock.

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.