Hub Group (NASDAQ:HUBG – Free Report) had its price objective trimmed by Barclays from $52.00 to $50.00 in a research report report published on Monday,Benzinga reports. The brokerage currently has an equal weight rating on the transportation company’s stock.
A number of other research firms have also recently commented on HUBG. Stifel Nicolaus raised their target price on shares of Hub Group from $46.00 to $53.00 and gave the stock a “buy” rating in a research note on Thursday, January 23rd. Benchmark raised their price objective on shares of Hub Group from $47.00 to $49.00 and gave the company a “buy” rating in a research report on Friday, January 10th. Susquehanna raised shares of Hub Group from a “neutral” rating to a “positive” rating and set a $55.00 target price for the company in a report on Friday, January 3rd. Finally, TD Cowen increased their price target on Hub Group from $43.00 to $49.00 and gave the stock a “hold” rating in a research note on Thursday, October 31st. Nine analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $48.09.
Hub Group Trading Up 0.7 %
Hub Group (NASDAQ:HUBG – Get Free Report) last released its quarterly earnings results on Thursday, February 6th. The transportation company reported $0.48 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.48. Hub Group had a return on equity of 7.17% and a net margin of 2.64%. As a group, equities analysts predict that Hub Group will post 2.38 earnings per share for the current year.
Hub Group Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Friday, December 6th were given a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.20%. The ex-dividend date was Friday, December 6th. Hub Group’s payout ratio is presently 29.41%.
Hedge Funds Weigh In On Hub Group
Several hedge funds have recently modified their holdings of HUBG. William Blair Investment Management LLC grew its position in Hub Group by 2.5% during the 4th quarter. William Blair Investment Management LLC now owns 835,959 shares of the transportation company’s stock worth $37,250,000 after purchasing an additional 20,259 shares during the last quarter. Cibc World Markets Corp acquired a new stake in shares of Hub Group during the fourth quarter worth $250,000. Royce & Associates LP grew its holdings in shares of Hub Group by 2.5% during the fourth quarter. Royce & Associates LP now owns 656,159 shares of the transportation company’s stock valued at $29,238,000 after buying an additional 16,066 shares during the last quarter. Vestcor Inc increased its position in shares of Hub Group by 234.0% in the 4th quarter. Vestcor Inc now owns 6,173 shares of the transportation company’s stock valued at $275,000 after acquiring an additional 4,325 shares during the period. Finally, Swiss National Bank raised its stake in Hub Group by 0.4% in the 4th quarter. Swiss National Bank now owns 121,100 shares of the transportation company’s stock worth $5,396,000 after acquiring an additional 500 shares during the last quarter. 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.
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