Hub Group, Inc. (NASDAQ:HUBG) to Issue Quarterly Dividend of $0.13

Hub Group, Inc. (NASDAQ:HUBG) declared a quarterly dividend on Thursday, June 12th, RTT News reports. Stockholders of record on Monday, June 23rd will be given a dividend of 0.125 per share by the transportation company on Monday, June 30th. This represents a $0.50 annualized dividend and a dividend yield of 1.52%. The ex-dividend date of this dividend is Monday, June 23rd.

Hub Group has a payout ratio of 20.5% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Hub Group to earn $2.77 per share next year, which means the company should continue to be able to cover its $0.50 annual dividend with an expected future payout ratio of 18.1%.

Hub Group Stock Down 2.0%

NASDAQ:HUBG opened at $32.90 on Friday. Hub Group has a 12-month low of $30.75 and a 12-month high of $53.21. The company has a quick ratio of 1.30, a current ratio of 1.33 and a debt-to-equity ratio of 0.10. The firm has a market capitalization of $2.01 billion, a P/E ratio of 19.35 and a beta of 1.15. The stock’s fifty day simple moving average is $33.45 and its 200-day simple moving average is $39.71.

Hub Group (NASDAQ:HUBG) last posted its earnings results on Thursday, May 8th. The transportation company reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.42 by $0.02. The firm had revenue of $915.22 million for the quarter, compared to analyst estimates of $973.86 million. Hub Group had a return on equity of 7.10% and a net margin of 2.64%. The company’s revenue for the quarter was down 8.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.44 earnings per share. Equities research analysts expect that Hub Group will post 2.2 earnings per share for the current year.

Institutional Trading of Hub Group

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of Hub Group by 3.7% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 135,795 shares of the transportation company’s stock valued at $5,048,000 after acquiring an additional 4,844 shares during the last quarter. AQR Capital Management LLC increased its position in shares of Hub Group by 4.9% in the first quarter. AQR Capital Management LLC now owns 59,029 shares of the transportation company’s stock valued at $2,194,000 after acquiring an additional 2,761 shares during the last quarter. Intech Investment Management LLC increased its position in Hub Group by 33.3% during the first quarter. Intech Investment Management LLC now owns 39,181 shares of the transportation company’s stock worth $1,456,000 after buying an additional 9,791 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Hub Group by 4.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 35,637 shares of the transportation company’s stock worth $1,325,000 after buying an additional 1,542 shares during the last quarter. Finally, Royal Bank of Canada increased its position in Hub Group by 24.5% during the first quarter. Royal Bank of Canada now owns 11,723 shares of the transportation company’s stock worth $435,000 after buying an additional 2,305 shares during the last quarter. Institutional investors and hedge funds own 46.77% of the company’s stock.

Wall Street Analysts Forecast Growth

HUBG has been the topic of several recent analyst reports. Susquehanna reduced their target price on Hub Group from $55.00 to $48.00 and set a “positive” rating on the stock in a report on Wednesday, March 26th. Deutsche Bank Aktiengesellschaft initiated coverage on Hub Group in a report on Friday, March 7th. They set a “hold” rating and a $41.00 target price on the stock. TD Cowen dropped their price target on Hub Group from $40.00 to $36.00 and set a “hold” rating on the stock in a research note on Friday, May 9th. Barclays dropped their price target on Hub Group from $45.00 to $40.00 and set an “equal weight” rating on the stock in a research note on Monday, May 12th. Finally, Benchmark dropped their price target on Hub Group from $40.00 to $33.13 and set a “buy” rating on the stock in a research note on Friday, May 9th. Six analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $43.68.

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.