Analysts Set Hub Group, Inc. (NASDAQ:HUBG) Price Target at $44.53

Shares of Hub Group, Inc. (NASDAQ:HUBGGet Free Report) have earned an average recommendation of “Hold” from the seventeen research firms that are presently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and eight have assigned a buy rating to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $44.5333.

A number of research firms recently issued reports on HUBG. Evercore set a $53.00 price target on shares of Hub Group and gave the stock an “outperform” rating in a research note on Monday, January 12th. Robert W. Baird set a $29.00 target price on Hub Group and gave the stock a “neutral” rating in a research report on Friday, February 6th. TD Cowen reiterated a “hold” rating on shares of Hub Group in a report on Monday, January 12th. Morgan Stanley set a $46.00 target price on shares of Hub Group and gave the company an “equal weight” rating in a research note on Monday, December 8th. Finally, Raymond James Financial reissued an “outperform” rating and issued a $50.00 price target on shares of Hub Group in a research report on Monday, February 9th.

Get Our Latest Report on Hub Group

Insiders Place Their Bets

In other news, CEO Phillip D. Yeager sold 32,000 shares of the company’s stock in a transaction that occurred on Thursday, December 11th. The shares were sold at an average price of $43.68, for a total value of $1,397,760.00. Following the transaction, the chief executive officer owned 168,315 shares in the company, valued at approximately $7,351,999.20. This represents a 15.97% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Gary Yablon bought 4,566 shares of the company’s stock in a transaction dated Thursday, December 11th. The stock was purchased at an average price of $43.73 per share, for a total transaction of $199,671.18. Following the purchase, the director owned 32,778 shares of the company’s stock, valued at approximately $1,433,381.94. This represents a 16.18% increase in their position. The SEC filing for this purchase provides additional information. Corporate insiders own 3.48% of the company’s stock.

Hedge Funds Weigh In On Hub Group

Hedge funds have recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. boosted its stake in Hub Group by 265.9% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 644 shares of the transportation company’s stock valued at $27,000 after purchasing an additional 468 shares during the last quarter. Torren Management LLC purchased a new stake in shares of Hub Group during the fourth quarter valued at $31,000. Frazier Financial Advisors LLC bought a new stake in Hub Group in the 3rd quarter worth about $35,000. Quarry LP increased its holdings in Hub Group by 271.5% in the 3rd quarter. Quarry LP now owns 1,107 shares of the transportation company’s stock worth $38,000 after buying an additional 809 shares in the last quarter. Finally, Smartleaf Asset Management LLC raised its position in Hub Group by 33.4% in the 2nd quarter. Smartleaf Asset Management LLC now owns 1,282 shares of the transportation company’s stock worth $44,000 after buying an additional 321 shares during the last quarter. 46.77% of the stock is currently owned by hedge funds and other institutional investors.

Hub Group Stock Performance

NASDAQ:HUBG opened at $39.66 on Friday. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 0.09. The firm’s fifty day simple moving average is $45.11 and its 200 day simple moving average is $39.26. The stock has a market cap of $2.43 billion, a P/E ratio of 22.92, a price-to-earnings-growth ratio of 1.25 and a beta of 1.13. Hub Group has a twelve month low of $30.75 and a twelve month high of $53.26.

Hub Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 17th. Shareholders of record on Friday, December 5th were issued a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend was Friday, December 5th. Hub Group’s payout ratio is 28.90%.

Trending Headlines about Hub Group

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Hub Group Company Profile

(Get Free Report)

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.

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Analyst Recommendations for Hub Group (NASDAQ:HUBG)

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