Stifel Nicolaus Issues Positive Forecast for Hub Group (NASDAQ:HUBG) Stock Price

Hub Group (NASDAQ:HUBG) had its price objective boosted by Stifel Nicolaus from $46.00 to $53.00 in a research note released on Thursday morning,Benzinga reports. The brokerage currently has a buy rating on the transportation company’s stock.

A number of other equities research analysts also recently weighed in on the company. Susquehanna raised Hub Group from a “neutral” rating to a “positive” rating and set a $55.00 price objective on the stock in a research report on Friday, January 3rd. Benchmark boosted their price objective on shares of Hub Group from $47.00 to $49.00 and gave the stock a “buy” rating in a research note on Friday, January 10th. Evercore ISI increased their target price on shares of Hub Group from $41.00 to $43.00 and gave the company an “in-line” rating in a research report on Thursday, October 3rd. TD Cowen lifted their price target on shares of Hub Group from $43.00 to $49.00 and gave the stock a “hold” rating in a report on Thursday, October 31st. Finally, Barclays increased their price objective on Hub Group from $42.00 to $52.00 and gave the company an “equal weight” rating in a report on Wednesday, November 13th. Nine equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, Hub Group has a consensus rating of “Hold” and an average price target of $48.42.

Hub Group Stock Up 1.0 %

NASDAQ:HUBG opened at $45.46 on Thursday. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.30 and a quick ratio of 1.30. Hub Group has a 1-year low of $38.07 and a 1-year high of $53.21. The company has a 50-day moving average of $47.34 and a 200 day moving average of $45.51. The firm has a market cap of $2.79 billion, a PE ratio of 25.83 and a beta of 0.94.

Hub Group (NASDAQ:HUBG) last released its quarterly earnings data on Wednesday, October 30th. The transportation company reported $0.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.49 by $0.03. The firm had revenue of $986.89 million for the quarter, compared to the consensus estimate of $1.06 billion. Hub Group had a net margin of 2.74% and a return on equity of 7.44%. The company’s quarterly revenue was down 3.7% on a year-over-year basis. During the same period last year, the firm earned $0.49 earnings per share. As a group, research analysts anticipate that Hub Group will post 1.91 EPS for the current fiscal year.

Hub Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Friday, December 6th were given a $0.125 dividend. The ex-dividend date of this dividend was Friday, December 6th. This represents a $0.50 dividend on an annualized basis and a yield of 1.10%. Hub Group’s dividend payout ratio is currently 28.41%.

Institutional Trading of Hub Group

Several large investors have recently made changes to their positions in HUBG. GAMMA Investing LLC lifted its position in Hub Group by 65.0% during the third quarter. GAMMA Investing LLC now owns 711 shares of the transportation company’s stock valued at $32,000 after purchasing an additional 280 shares during the period. Point72 Hong Kong Ltd acquired a new stake in Hub Group during the second quarter worth about $34,000. Blue Trust Inc. grew its holdings in Hub Group by 24.8% during the fourth quarter. Blue Trust Inc. now owns 2,261 shares of the transportation company’s stock worth $103,000 after acquiring an additional 450 shares during the period. SG Americas Securities LLC purchased a new position in Hub Group during the third quarter valued at approximately $106,000. Finally, KBC Group NV lifted its holdings in Hub Group by 35.3% in the fourth quarter. KBC Group NV now owns 2,568 shares of the transportation company’s stock valued at $114,000 after acquiring an additional 670 shares during the period. 46.77% of the stock is owned by hedge funds and other institutional investors.

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.