Analysts Set Hub Group, Inc. (NASDAQ:HUBG) Target Price at $43.33

Shares of Hub Group, Inc. (NASDAQ:HUBG) have earned a consensus recommendation of “Hold” from the seventeen brokerages that are presently covering the stock, Marketbeat reports. Two analysts have rated the stock with a sell recommendation, eight have given a hold recommendation and seven have given a buy recommendation to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $43.3333.

Several research firms have issued reports on HUBG. TD Cowen restated a “hold” rating on shares of Hub Group in a research report on Monday, January 12th. Wells Fargo & Company restated an “equal weight” rating and set a $35.00 price target (down from $55.00) on shares of Hub Group in a research report on Thursday, March 26th. Robert W. Baird set a $29.00 price target on shares of Hub Group and gave the company a “neutral” rating in a research report on Friday, February 6th. Weiss Ratings restated a “hold (c)” rating on shares of Hub Group in a research report on Friday, March 27th. Finally, Raymond James Financial restated an “outperform” rating and set a $50.00 price target on shares of Hub Group in a research report on Monday, February 9th.

Hub Group Stock Performance

NASDAQ HUBG opened at $38.61 on Friday. The company has a 50-day simple moving average of $40.05 and a two-hundred day simple moving average of $39.78. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 0.09. Hub Group has a 12-month low of $30.75 and a 12-month high of $53.26. The firm has a market cap of $2.36 billion, a price-to-earnings ratio of 22.32, a PEG ratio of 1.15 and a beta of 1.16.

Hub Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 25th. Shareholders of record on Friday, March 13th were given a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 1.3%. The ex-dividend date was Friday, March 13th. Hub Group’s dividend payout ratio is presently 28.90%.

Hedge Funds Weigh In On Hub Group

Hedge funds and other institutional investors have recently modified their holdings of the company. Northwestern Mutual Wealth Management Co. raised its stake in shares of Hub Group by 265.9% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 644 shares of the transportation company’s stock valued at $27,000 after acquiring an additional 468 shares during the last quarter. Torren Management LLC bought a new position in shares of Hub Group during the fourth quarter valued at about $31,000. Frazier Financial Advisors LLC bought a new position in shares of Hub Group during the third quarter valued at about $35,000. Quarry LP raised its stake in shares of Hub Group by 271.5% during the third quarter. Quarry LP now owns 1,107 shares of the transportation company’s stock valued at $38,000 after acquiring an additional 809 shares during the last quarter. Finally, Smartleaf Asset Management LLC raised its stake in shares of Hub Group by 33.4% during the second quarter. Smartleaf Asset Management LLC now owns 1,282 shares of the transportation company’s stock valued at $44,000 after acquiring an additional 321 shares during the last quarter. 46.77% of the stock is owned by institutional investors.

About Hub Group

Hub Group, Inc (NASDAQ: HUBG) is a leading supply chain solutions provider headquartered in Oak Brook, Illinois. Founded in 1971 as Hub City Terminals and renamed Hub Group in 1978, the company completed its initial public offering in 2007. Over the decades, Hub Group has developed a comprehensive multimodal transportation network, leveraging partnerships with major rail carriers and an extensive drayage fleet to offer cost-efficient, sustainable shipping alternatives.

The company operates through two primary segments: Intermodal and Transportation Management.