Hub Group (NASDAQ:HUBG) Upgraded at Susquehanna

Susquehanna upgraded shares of Hub Group (NASDAQ:HUBG) from a neutral rating to a positive rating in a report released on Friday morning, MarketBeat Ratings reports. They currently have $55.00 price objective on the transportation company’s stock.

A number of other analysts also recently issued reports on the company. Barclays lifted their price target on Hub Group from $42.00 to $52.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 13th. TD Cowen lifted their price target on Hub Group from $43.00 to $49.00 and gave the stock a “hold” rating in a report on Thursday, October 31st. Evercore ISI lifted their price target on Hub Group from $41.00 to $43.00 and gave the stock an “in-line” rating in a report on Thursday, October 3rd. Finally, Benchmark reissued a “buy” rating and issued a $47.00 target price on shares of Hub Group in a report on Friday, November 1st. Nine research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $47.42.

Hub Group Trading Up 1.7 %

Shares of NASDAQ HUBG opened at $44.92 on Friday. Hub Group has a twelve month low of $38.07 and a twelve month high of $53.21. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 0.12. The stock has a fifty day simple moving average of $47.84 and a 200-day simple moving average of $45.38. The stock has a market capitalization of $2.76 billion, a PE ratio of 25.52 and a beta of 0.94.

Hub Group (NASDAQ:HUBG) last released its earnings results on Wednesday, October 30th. The transportation company reported $0.52 EPS for the quarter, topping the consensus estimate of $0.49 by $0.03. Hub Group had a return on equity of 7.44% and a net margin of 2.74%. The firm had revenue of $986.89 million during the quarter, compared to analysts’ expectations of $1.06 billion. During the same period in the previous year, the firm posted $0.49 EPS. Hub Group’s revenue for the quarter was down 3.7% on a year-over-year basis. On average, equities analysts forecast that Hub Group will post 1.91 earnings per share for the current year.

Hub Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, December 6th were paid a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 1.11%. The ex-dividend date was Friday, December 6th. Hub Group’s dividend payout ratio is presently 28.41%.

Institutional Trading of Hub Group

Several institutional investors and hedge funds have recently added to or reduced their stakes in HUBG. GAMMA Investing LLC increased its position in Hub Group by 65.0% during the 3rd quarter. GAMMA Investing LLC now owns 711 shares of the transportation company’s stock worth $32,000 after purchasing an additional 280 shares during the period. Point72 Hong Kong Ltd acquired a new position in Hub Group during the 2nd quarter worth approximately $34,000. SG Americas Securities LLC acquired a new position in Hub Group during the 3rd quarter worth approximately $106,000. CWM LLC increased its position in Hub Group by 24.8% during the 3rd quarter. CWM LLC now owns 2,853 shares of the transportation company’s stock worth $130,000 after purchasing an additional 567 shares during the period. Finally, nVerses Capital LLC acquired a new stake in shares of Hub Group in the 3rd quarter worth approximately $182,000. 46.77% of the stock is owned by hedge funds and other institutional investors.

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.