Barclays Cuts Hub Group (NASDAQ:HUBG) Price Target to $50.00

Hub Group (NASDAQ:HUBG) had its price objective reduced by Barclays from $52.00 to $50.00 in a report issued on Monday,Benzinga reports. Barclays currently has an equal weight rating on the transportation company’s stock.

Several other research analysts have also recently weighed in on HUBG. TD Cowen increased their price target on shares of Hub Group from $43.00 to $49.00 and gave the company a “hold” rating in a report on Thursday, October 31st. Susquehanna raised Hub Group from a “neutral” rating to a “positive” rating and set a $55.00 price target for the company in a report on Friday, January 3rd. Benchmark boosted their price target on Hub Group from $47.00 to $49.00 and gave the company a “buy” rating in a research note on Friday, January 10th. Finally, Stifel Nicolaus increased their price objective on Hub Group from $46.00 to $53.00 and gave the stock a “buy” rating in a research report on Thursday, January 23rd. Eight research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $48.50.

Hub Group Stock Performance

HUBG opened at $42.10 on Monday. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 0.12. Hub Group has a 12-month low of $38.07 and a 12-month high of $53.21. The business has a 50 day moving average of $45.28 and a 200-day moving average of $45.46. The stock has a market cap of $2.58 billion, a price-to-earnings ratio of 24.76 and a beta of 0.94.

Hub Group (NASDAQ:HUBG) last announced its quarterly earnings results on Thursday, February 6th. The transportation company reported $0.48 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.48. Hub Group had a return on equity of 7.17% and a net margin of 2.64%. On average, equities research analysts expect that Hub Group will post 2.38 earnings per share for the current year.

Hub Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Friday, December 6th were paid a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 1.19%. The ex-dividend date was Friday, December 6th. Hub Group’s dividend payout ratio (DPR) is presently 29.41%.

Institutional Investors Weigh In On Hub Group

A number of large investors have recently bought and sold shares of the company. XTX Topco Ltd bought a new stake in shares of Hub Group during the 3rd quarter worth approximately $481,000. Barclays PLC raised its position in Hub Group by 199.6% during the third quarter. Barclays PLC now owns 117,774 shares of the transportation company’s stock valued at $5,354,000 after purchasing an additional 78,467 shares in the last quarter. Principal Financial Group Inc. lifted its stake in Hub Group by 14.3% during the third quarter. Principal Financial Group Inc. now owns 783,456 shares of the transportation company’s stock worth $35,608,000 after purchasing an additional 97,768 shares during the last quarter. State Street Corp boosted its holdings in shares of Hub Group by 0.8% in the 3rd quarter. State Street Corp now owns 2,489,503 shares of the transportation company’s stock valued at $113,148,000 after purchasing an additional 20,215 shares in the last quarter. Finally, Hennion & Walsh Asset Management Inc. increased its stake in shares of Hub Group by 16.8% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 9,511 shares of the transportation company’s stock valued at $424,000 after purchasing an additional 1,368 shares during the last quarter. 46.77% of the stock is currently owned by institutional investors and hedge funds.

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.