Hub Group (NASDAQ:HUBG) Price Target Raised to $55.00

Hub Group (NASDAQ:HUBG) had its price objective lifted by Susquehanna from $42.00 to $55.00 in a report released on Thursday morning, Marketbeat reports. They currently have a positive rating on the transportation company’s stock.

Several other research firms have also weighed in on HUBG. Barclays dropped their price target on Hub Group from $40.00 to $38.00 and set an “equal weight” rating on the stock in a research report on Thursday, October 2nd. Zacks Research raised Hub Group from a “strong sell” rating to a “hold” rating in a research report on Monday, December 1st. BMO Capital Markets upped their target price on shares of Hub Group from $38.00 to $40.00 and gave the stock a “market perform” rating in a research report on Monday, November 3rd. Benchmark reiterated a “buy” rating and issued a $40.00 price target on shares of Hub Group in a research note on Wednesday, October 8th. Finally, Stifel Nicolaus set a $48.00 price objective on shares of Hub Group and gave the stock a “buy” rating in a research note on Tuesday, December 16th. Two analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and nine have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $43.07.

Hub Group Trading Up 1.4%

NASDAQ:HUBG opened at $46.47 on Thursday. The company has a 50-day moving average price of $40.32 and a 200-day moving average price of $37.20. The stock has a market cap of $2.84 billion, a price-to-earnings ratio of 26.86, a P/E/G ratio of 1.32 and a beta of 1.14. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 0.09. Hub Group has a 12 month low of $30.75 and a 12 month high of $46.63.

Hub Group (NASDAQ:HUBG) last released its quarterly earnings results on Thursday, October 30th. The transportation company reported $0.49 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.49. Hub Group had a net margin of 2.82% and a return on equity of 6.58%. The company had revenue of $934.50 million during the quarter, compared to the consensus estimate of $937.78 million. During the same period in the prior year, the firm earned $0.52 earnings per share. Hub Group’s revenue was down 5.3% on a year-over-year basis. Hub Group has set its FY 2025 guidance at 1.800-1.900 EPS. Equities analysts predict that Hub Group will post 2.2 EPS for the current year.

Hub Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 17th. Shareholders of record on Friday, December 5th were issued a $0.125 dividend. The ex-dividend date of this dividend was Friday, December 5th. This represents a $0.50 annualized dividend and a yield of 1.1%. Hub Group’s payout ratio is 28.90%.

Insider Buying and Selling

In related news, CEO Phillip D. Yeager sold 32,000 shares of the business’s stock in a transaction that occurred on Thursday, December 11th. The shares were sold at an average price of $43.68, for a total value of $1,397,760.00. Following the completion of the transaction, the chief executive officer directly owned 168,315 shares in the company, valued at $7,351,999.20. The trade was a 15.97% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Gary Yablon acquired 4,566 shares of the stock in a transaction that occurred on Thursday, December 11th. The stock was acquired at an average cost of $43.73 per share, for a total transaction of $199,671.18. Following the completion of the transaction, the director directly owned 32,778 shares in the company, valued at $1,433,381.94. This represents a 16.18% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 3.48% of the stock is owned by insiders.

Institutional Investors Weigh In On Hub Group

Several institutional investors have recently modified their holdings of HUBG. GAMMA Investing LLC increased its holdings in Hub Group by 161.9% during 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 during the last quarter. Capital Fund Management S.A. grew its position in shares of Hub Group by 87.2% during the 2nd quarter. Capital Fund Management S.A. now owns 67,468 shares of the transportation company’s stock valued at $2,255,000 after acquiring an additional 31,423 shares during the period. State of Alaska Department of Revenue increased its stake in shares of Hub Group by 7.4% in the 2nd quarter. State of Alaska Department of Revenue now owns 36,140 shares of the transportation company’s stock worth $1,207,000 after purchasing an additional 2,480 shares in the last quarter. River Road Asset Management LLC raised its holdings in Hub Group by 79.2% in the 2nd quarter. River Road Asset Management LLC now owns 1,103,402 shares of the transportation company’s stock worth $38,641,000 after purchasing an additional 487,703 shares during the period. Finally, Envestnet Portfolio Solutions Inc. bought a new position in Hub Group in the 2nd quarter worth $395,000. 46.77% of the stock is owned by hedge funds and other institutional investors.

About Hub Group

Hub Group, Inc (NASDAQ: HUBG) is a leading supply chain solutions provider headquartered in Oak Brook, Illinois. Founded in 1971 as Hub City Terminals and renamed Hub Group in 1978, the company completed its initial public offering in 2007. Over the decades, Hub Group has developed a comprehensive multimodal transportation network, leveraging partnerships with major rail carriers and an extensive drayage fleet to offer cost-efficient, sustainable shipping alternatives.

The company operates through two primary segments: Intermodal and Transportation Management.