Hub Group (NASDAQ:HUBG) Given New $44.00 Price Target at Evercore ISI

Hub Group (NASDAQ:HUBG) had its price target trimmed by Evercore ISI from $46.00 to $44.00 in a research note released on Friday, Benzinga reports. They currently have an outperform rating on the transportation company’s stock.

A number of other equities analysts also recently issued reports on HUBG. StockNews.com raised shares of Hub Group from a sell rating to a hold rating in a report on Friday, March 1st. Wells Fargo & Company raised their price objective on shares of Hub Group from $45.00 to $50.00 and gave the stock an overweight rating in a report on Friday, February 2nd. Susquehanna dropped their price objective on shares of Hub Group from $49.00 to $46.00 and set a neutral rating on the stock in a report on Monday, March 25th. Stephens dropped their price objective on shares of Hub Group from $44.00 to $42.00 and set an equal weight rating on the stock in a report on Friday. Finally, JPMorgan Chase & Co. lifted their price target on shares of Hub Group from $43.50 to $46.00 and gave the company a neutral rating in a report on Tuesday, January 9th. Seven investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, Hub Group currently has a consensus rating of Hold and an average price target of $46.54.

Hub Group Stock Performance

Shares of Hub Group stock opened at $39.93 on Friday. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.29 and a quick ratio of 1.29. The stock has a market cap of $2.51 billion, a price-to-earnings ratio of 18.97 and a beta of 0.89. The firm’s 50-day moving average is $41.88 and its 200 day moving average is $41.59. Hub Group has a 1 year low of $31.73 and a 1 year high of $47.58.

Hub Group (NASDAQ:HUBG) last announced its quarterly earnings results on Thursday, April 25th. The transportation company reported $0.44 EPS for the quarter, topping analysts’ consensus estimates of $0.40 by $0.04. Hub Group had a net margin of 3.28% and a return on equity of 8.47%. The firm had revenue of $1,000.00 million during the quarter, compared to analyst estimates of $1.05 billion. During the same period in the previous year, the business posted $0.94 earnings per share. The business’s revenue for the quarter was down 16.7% on a year-over-year basis. Sell-side analysts anticipate that Hub Group will post 2.19 EPS for the current fiscal year.

Hub Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 27th. Investors of record on Friday, March 8th were paid a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 1.25%. The ex-dividend date was Thursday, March 7th. Hub Group’s dividend payout ratio (DPR) is presently 23.75%.

Institutional Trading of Hub Group

A number of hedge funds have recently added to or reduced their stakes in HUBG. Anchor Investment Management LLC purchased a new stake in shares of Hub Group during the fourth quarter valued at about $37,000. Adirondack Trust Co. purchased a new stake in shares of Hub Group during the third quarter valued at about $39,000. Versant Capital Management Inc lifted its position in shares of Hub Group by 109.2% during the first quarter. Versant Capital Management Inc now owns 1,096 shares of the transportation company’s stock valued at $47,000 after buying an additional 572 shares during the last quarter. Exchange Traded Concepts LLC lifted its position in shares of Hub Group by 60.3% during the third quarter. Exchange Traded Concepts LLC now owns 795 shares of the transportation company’s stock valued at $62,000 after buying an additional 299 shares during the last quarter. Finally, Headlands Technologies LLC purchased a new stake in shares of Hub Group during the third quarter valued at about $63,000. 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.