Hub Group, Inc. (NASDAQ:HUBG) Stock Has Consensus Target Price of $42.69

Hub Group, Inc. (NASDAQ:HUBG) has been assigned a consensus rating of “Hold” from the sixteen analysts that are presently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, ten have given a hold rating and five have given a buy rating to the company. The average 12-month target price among brokers that have covered the stock in the last year is $41.31.

Several equities analysts have recently issued reports on HUBG shares. Barclays set a $30.00 price target on Hub Group and gave the company an “equal weight” rating in a research note on Monday. UBS Group restated a “neutral” rating on shares of Hub Group in a research report on Tuesday, September 15th. Raymond James Financial reduced their price objective on Hub Group from $48.00 to $40.00 and set an “outperform” rating on the stock in a research note on Thursday, September 17th. Weiss Ratings downgraded Hub Group from a “hold (c)” rating to a “hold (c-)” rating in a research note on Monday, September 21st. Finally, Wall Street Zen raised Hub Group from a “sell” rating to a “hold” rating in a research note on Sunday.

Hub Group Price Performance

Shares of NASDAQ:HUBG opened at $29.58 on Friday. Hub Group has a 1 year low of $29.53 and a 1 year high of $53.26. The stock has a market capitalization of $1.81 billion, a price-to-earnings ratio of 17.10, a price-to-earnings-growth ratio of 1.08 and a beta of 1.19. The company’s 50 day simple moving average is $39.13 and its 200 day simple moving average is $40.95.

Hub Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Monday, September 21st were issued a dividend of $0.1250 per share. The ex-dividend date of this dividend was Monday, September 21st. This represents a $0.50 annualized dividend and a dividend yield of 1.7%. Hub Group’s payout ratio is 28.90%.

Hedge Funds Weigh In On Hub Group

Several institutional investors and hedge funds have recently added to or reduced their stakes in HUBG. Wellington Management Group LLP grew its stake in shares of Hub Group by 7.1% during the second quarter. Wellington Management Group LLP now owns 7,446,774 shares of the transportation company’s stock worth $326,094,000 after buying an additional 491,130 shares during the last quarter. Capital International Investors increased its holdings in shares of Hub Group by 16.9% during the fourth quarter. Capital International Investors now owns 3,465,688 shares of the transportation company’s stock worth $147,673,000 after buying an additional 501,955 shares in the last quarter. River Road Asset Management LLC lifted its stake in shares of Hub Group by 6.6% in the 4th quarter. River Road Asset Management LLC now owns 1,320,784 shares of the transportation company’s stock valued at $56,279,000 after acquiring an additional 81,764 shares during the last quarter. Bank of America Corp DE lifted its stake in shares of Hub Group by 8.1% in the 1st quarter. Bank of America Corp DE now owns 810,131 shares of the transportation company’s stock valued at $29,197,000 after acquiring an additional 61,025 shares during the last quarter. Finally, Principal Financial Group Inc. boosted its holdings in shares of Hub Group by 2.0% during the 1st quarter. Principal Financial Group Inc. now owns 294,418 shares of the transportation company’s stock valued at $10,611,000 after acquiring an additional 5,731 shares in the last quarter. Institutional investors own 46.77% of the company’s stock.

Hub Group Company Profile

Hub Group, Inc is a North American transportation and logistics company that provides supply chain solutions to manufacturers, retailers, distributors and other businesses. Its services are designed to help customers move freight efficiently across multiple modes of transportation and manage related logistics activities.

The company’s primary offerings include intermodal transportation, which combines rail and truck services; truck brokerage; dedicated and managed transportation; and final-mile and other logistics services.