Hub Group (NASDAQ:HUBG) Upgraded at Susquehanna

Susquehanna upgraded shares of Hub Group (NASDAQ:HUBG) from a neutral rating to a positive rating in a research report released on Friday, MarketBeat reports. The firm currently has $55.00 price objective on the transportation company’s stock.

HUBG has been the topic of several other reports. Benchmark reiterated a “buy” rating and issued a $47.00 target price on shares of Hub Group in a report on Friday, November 1st. TD Cowen increased their target price on shares of Hub Group from $43.00 to $49.00 and gave the stock a “hold” rating in a report on Thursday, October 31st. Barclays increased their target price on shares of Hub Group from $42.00 to $52.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 13th. Finally, Evercore ISI increased their target price on shares of Hub Group from $41.00 to $43.00 and gave the stock an “in-line” rating in a report on Thursday, October 3rd. Nine equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $47.42.

Hub Group Trading Up 1.7 %

Shares of NASDAQ HUBG opened at $44.92 on Friday. The company’s 50 day simple moving average is $47.84 and its 200 day simple moving average is $45.35. Hub Group has a fifty-two week low of $38.07 and a fifty-two week high of $53.21. The firm has a market capitalization of $2.76 billion, a P/E ratio of 25.52 and a beta of 0.91. 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 quarterly earnings data 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. The business had revenue of $986.89 million for 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%. Hub Group’s revenue was down 3.7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.49 earnings per share. On average, analysts predict that Hub Group will post 1.91 EPS for the current year.

Hub Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Friday, December 6th were given a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.11%. The ex-dividend date of this dividend was Friday, December 6th. Hub Group’s dividend payout ratio (DPR) is presently 28.41%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Principal Financial Group Inc. grew its position in shares of Hub Group by 14.3% in the 3rd quarter. Principal Financial Group Inc. now owns 783,456 shares of the transportation company’s stock valued at $35,608,000 after acquiring an additional 97,768 shares during the period. Franklin Resources Inc. lifted its stake in shares of Hub Group by 1.2% during the 3rd quarter. Franklin Resources Inc. now owns 49,148 shares of the transportation company’s stock worth $2,167,000 after buying an additional 595 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Hub Group by 0.7% during the 3rd quarter. Geode Capital Management LLC now owns 1,482,308 shares of the transportation company’s stock worth $67,383,000 after buying an additional 10,328 shares during the last quarter. Barclays PLC lifted its stake in shares of Hub Group by 199.6% during the 3rd quarter. Barclays PLC now owns 117,774 shares of the transportation company’s stock worth $5,354,000 after buying an additional 78,467 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd acquired a new stake in shares of Hub Group during the 3rd quarter worth about $286,000. Institutional investors 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.