Hub Group (NASDAQ:HUBG) Given New $44.00 Price Target at Evercore ISI

Hub Group (NASDAQ:HUBG) had its target price decreased by Evercore ISI from $46.00 to $44.00 in a research report report published on Friday, Benzinga reports. Evercore ISI currently has an outperform rating on the transportation company’s stock.

Other equities research analysts have also recently issued research reports about the company. Wells Fargo & Company lifted their price target on Hub Group from $45.00 to $50.00 and gave the company an overweight rating in a report on Friday, February 2nd. StockNews.com upgraded shares of Hub Group from a sell rating to a hold rating in a research note on Friday, March 1st. Stephens lowered their price objective on shares of Hub Group from $44.00 to $42.00 and set an equal weight rating on the stock in a research note on Friday. JPMorgan Chase & Co. raised their price objective on shares of Hub Group from $43.50 to $46.00 and gave the company a neutral rating in a research note on Tuesday, January 9th. Finally, TD Cowen raised their price objective on shares of Hub Group from $52.00 to $54.00 and gave the company an outperform rating in a research note on Friday, February 2nd. Seven research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, Hub Group has a consensus rating of Hold and an average target price of $46.54.

Hub Group Stock Performance

HUBG opened at $39.93 on Friday. The business’s 50 day moving average is $41.88 and its 200-day moving average is $41.59. The stock has a market cap of $2.51 billion, a PE ratio of 18.97 and a beta of 0.89. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.15. Hub Group has a twelve month low of $31.73 and a twelve month high of $47.58.

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

Hub Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 27th. Stockholders of record on Friday, March 8th were paid a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.25%. The ex-dividend date of this dividend was Thursday, March 7th. Hub Group’s dividend payout ratio (DPR) is presently 23.75%.

Hedge Funds Weigh In On Hub Group

A number of hedge funds have recently modified their holdings of HUBG. CWM LLC boosted its holdings in Hub Group by 25.5% in the third quarter. CWM LLC now owns 1,038 shares of the transportation company’s stock worth $81,000 after purchasing an additional 211 shares in the last quarter. SG Americas Securities LLC acquired a new position in shares of Hub Group during the third quarter valued at about $1,443,000. Exchange Traded Concepts LLC raised its position in shares of Hub Group by 60.3% during the third quarter. Exchange Traded Concepts LLC now owns 795 shares of the transportation company’s stock valued at $62,000 after buying an additional 299 shares during the last quarter. Caprock Group LLC acquired a new position in Hub Group in the third quarter worth about $202,000. Finally, Verdence Capital Advisors LLC raised its position in Hub Group by 4.0% in the third quarter. Verdence Capital Advisors LLC now owns 5,205 shares of the transportation company’s stock worth $409,000 after purchasing an additional 199 shares in the last quarter. 46.77% of the stock is owned by institutional investors and hedge funds.

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.