JPMorgan Chase & Co. Cuts Hub Group (NASDAQ:HUBG) Price Target to $41.00

Hub Group (NASDAQ:HUBG) had its price objective reduced by JPMorgan Chase & Co. from $43.00 to $41.00 in a research note published on Wednesday,Benzinga reports. They currently have a neutral rating on the transportation company’s stock.

Other equities research analysts have also recently issued research reports about the company. Evercore ISI set a $37.00 price objective on Hub Group and gave the stock an “in-line” rating in a research note on Tuesday, September 30th. Zacks Research cut Hub Group from a “hold” rating to a “strong sell” rating in a research report on Monday, October 6th. Robert W. Baird lowered their price objective on Hub Group from $44.00 to $42.00 and set an “outperform” rating on the stock in a research report on Monday, August 4th. Susquehanna lowered their price objective on Hub Group from $47.00 to $42.00 and set a “positive” rating on the stock in a research report on Wednesday, September 24th. Finally, Baird R W upgraded Hub Group to a “strong-buy” rating in a research report on Tuesday, July 1st. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $39.60.

Hub Group Trading Down 5.6%

NASDAQ HUBG opened at $33.12 on Wednesday. The stock has a market capitalization of $2.03 billion, a price-to-earnings ratio of 20.07, a PEG ratio of 1.20 and a beta of 1.12. The stock’s 50 day moving average price is $35.78 and its two-hundred day moving average price is $34.68. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.42 and a current ratio of 1.42. Hub Group has a 52 week low of $30.75 and a 52 week high of $53.21.

Hub Group (NASDAQ:HUBG) last released its earnings results on Thursday, July 31st. The transportation company reported $0.45 EPS for the quarter, beating the consensus estimate of $0.44 by $0.01. Hub Group had a return on equity of 6.81% and a net margin of 2.65%.The firm had revenue of $905.65 million for the quarter, compared to analysts’ expectations of $913.53 million. During the same quarter in the previous year, the business posted $0.47 EPS. The business’s quarterly revenue was down 8.2% compared to the same quarter last year. Hub Group has set its FY 2025 guidance at 1.800-2.050 EPS. As a group, analysts anticipate that Hub Group will post 2.2 earnings per share for the current fiscal year.

Hub Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 24th. Investors of record on Friday, September 12th were paid a $0.125 dividend. The ex-dividend date of this dividend was Friday, September 12th. This represents a $0.50 annualized dividend and a yield of 1.5%. Hub Group’s dividend payout ratio (DPR) is 30.30%.

Institutional Trading of Hub Group

Large investors have recently bought and sold shares of the business. Farther Finance Advisors LLC boosted its stake in Hub Group by 440.3% in the first quarter. Farther Finance Advisors LLC now owns 859 shares of the transportation company’s stock valued at $32,000 after buying an additional 700 shares in the last quarter. Smartleaf Asset Management LLC boosted its stake in Hub Group by 33.4% in the second quarter. Smartleaf Asset Management LLC now owns 1,282 shares of the transportation company’s stock valued at $44,000 after buying an additional 321 shares in the last quarter. GAMMA Investing LLC boosted its stake in Hub Group by 161.9% in the second quarter. GAMMA Investing LLC now owns 1,375 shares of the transportation company’s stock valued at $46,000 after buying an additional 850 shares in the last quarter. NewEdge Advisors LLC boosted its stake in Hub Group by 333.8% in the second quarter. NewEdge Advisors LLC now owns 1,488 shares of the transportation company’s stock valued at $50,000 after buying an additional 1,145 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd boosted its stake in Hub Group by 139,500.0% in the first quarter. Caitong International Asset Management Co. Ltd now owns 1,396 shares of the transportation company’s stock valued at $52,000 after buying an additional 1,395 shares in the last quarter. 46.77% of the stock is 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.