Brokerages Set Hub Group, Inc. (NASDAQ:HUBG) Price Target at $48.27

Shares of Hub Group, Inc. (NASDAQ:HUBG) have been given an average recommendation of “Hold” by the eleven brokerages that are presently covering the firm, MarketBeat reports. Eight research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $48.27.

A number of research analysts recently weighed in on HUBG shares. Benchmark increased their price target on shares of Hub Group from $47.00 to $49.00 and gave the company a “buy” rating in a report on Friday, January 10th. Stifel Nicolaus lifted their price objective on Hub Group from $46.00 to $53.00 and gave the company a “buy” rating in a report on Thursday, January 23rd. Barclays increased their price objective on shares of Hub Group from $42.00 to $52.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 13th. Susquehanna upgraded shares of Hub Group from a “neutral” rating to a “positive” rating and set a $55.00 price objective for the company in a research report on Friday, January 3rd. Finally, TD Cowen lifted their target price on Hub Group from $43.00 to $49.00 and gave the company a “hold” rating in a research report on Thursday, October 31st.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. State Street Corp boosted its position in Hub Group by 0.8% during the third quarter. State Street Corp now owns 2,489,503 shares of the transportation company’s stock valued at $113,148,000 after purchasing an additional 20,215 shares in the last quarter. Geode Capital Management LLC boosted its stake in Hub Group by 0.7% in the third quarter. Geode Capital Management LLC now owns 1,482,308 shares of the transportation company’s stock valued at $67,383,000 after acquiring an additional 10,328 shares in the last quarter. Principal Financial Group Inc. increased its position in shares of Hub Group by 14.3% during the third quarter. Principal Financial Group Inc. now owns 783,456 shares of the transportation company’s stock worth $35,608,000 after purchasing an additional 97,768 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Hub Group by 3.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 663,516 shares of the transportation company’s stock valued at $30,157,000 after purchasing an additional 23,470 shares during the last quarter. Finally, Royce & Associates LP boosted its position in shares of Hub Group by 1.8% in the 3rd quarter. Royce & Associates LP now owns 640,093 shares of the transportation company’s stock worth $29,092,000 after purchasing an additional 11,615 shares in the last quarter. 46.77% of the stock is currently owned by institutional investors.

Hub Group Price Performance

HUBG opened at $43.79 on Monday. Hub Group has a 52 week low of $38.07 and a 52 week high of $53.21. The company has a fifty day moving average price of $46.21 and a two-hundred day moving average price of $45.56. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.30 and a current ratio of 1.30. The firm has a market capitalization of $2.69 billion, a PE ratio of 24.88 and a beta of 0.94.

Hub Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Friday, December 6th were paid a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 1.14%. The ex-dividend date was Friday, December 6th. Hub Group’s payout ratio is 28.41%.

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.