By otakuyassine3@gmail.com 
Hub Group, Inc. (NASDAQ:HUBG – Get Free Report) shares dropped 3% during mid-day trading on Friday . The stock traded as low as $43.57 and last traded at $43.72. Approximately 431,758 shares traded hands during trading, a decline of 7% from the average daily volume of 465,999 shares. The stock had previously closed at $45.07.
Analyst Upgrades and Downgrades
HUBG has been the subject of several recent analyst reports. Benchmark restated a “buy” rating and issued a $47.00 price target on shares of Hub Group in a research note on Friday, November 1st. Barclays raised their target price on shares of Hub Group from $42.00 to $52.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 13th. Susquehanna decreased their price target on shares of Hub Group from $50.00 to $48.00 and set a “neutral” rating on the stock in a research note on Friday, November 1st. TD Cowen raised their price objective on Hub Group from $43.00 to $49.00 and gave the company a “hold” rating in a research report on Thursday, October 31st. Finally, Evercore ISI upped their price target on shares of Hub Group from $41.00 to $43.00 and gave the company an “in-line” rating in a research note on Thursday, October 3rd. Ten research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $46.83.
Get Our Latest Stock Analysis on HUBG
Hub Group Stock Performance
The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 0.12. The business has a 50 day moving average price of $47.75 and a 200 day moving average price of $45.26. The stock has a market cap of $2.68 billion, a P/E ratio of 24.81 and a beta of 0.92.
Hub Group (NASDAQ:HUBG – Get Free Report) last issued 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. The firm had revenue of $986.89 million during the quarter, compared to analyst estimates of $1.06 billion. Hub Group had a net margin of 2.74% and a return on equity of 7.44%. The business’s revenue was down 3.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.49 earnings per share. As a group, sell-side analysts expect that Hub Group, Inc. will post 1.91 EPS for the current year.
Hub Group Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, December 6th will be issued a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 1.14%. The ex-dividend date of this dividend is Friday, December 6th. Hub Group’s dividend payout ratio is 28.41%.
Institutional Investors Weigh In On Hub Group
Large investors have recently modified their holdings of the business. Select Equity Group L.P. boosted 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 buying an additional 298,390 shares in the last quarter. Point72 Asset Management L.P. acquired a new position in Hub Group during the 2nd quarter valued at about $4,680,000. Principal Financial Group Inc. raised its stake in Hub Group by 14.3% in the third quarter. Principal Financial Group Inc. now owns 783,456 shares of the transportation company’s stock valued at $35,608,000 after buying an additional 97,768 shares during the last quarter. Barclays PLC boosted its holdings in Hub Group by 199.6% in the third quarter. Barclays PLC now owns 117,774 shares of the transportation company’s stock worth $5,354,000 after acquiring an additional 78,467 shares in the last quarter. Finally, American Century Companies Inc. grew its stake in shares of Hub Group by 6.1% during the second quarter. American Century Companies Inc. now owns 1,322,166 shares of the transportation company’s stock worth $56,919,000 after acquiring an additional 76,431 shares during the last quarter. Institutional investors 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.
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