Benchmark Boosts Hub Group (NASDAQ:HUBG) Price Target to $50.00

Hub Group (NASDAQ:HUBG) had its price target hoisted by research analysts at Benchmark from $40.00 to $50.00 in a research report issued on Friday, MarketBeat Ratings reports. The firm currently has a “buy” rating on the transportation company’s stock. Benchmark’s price objective suggests a potential upside of 3.58% from the company’s previous close.

A number of other analysts have also issued reports on the company. Wells Fargo & Company assumed coverage on Hub Group in a research report on Friday, December 5th. They issued an “overweight” rating and a $47.00 target price on the stock. TD Cowen reiterated a “hold” rating on shares of Hub Group in a research note on Monday, January 12th. Stifel Nicolaus set a $52.00 price target on shares of Hub Group and gave the company a “buy” rating in a research report on Wednesday, January 14th. Robert W. Baird set a $47.00 price target on shares of Hub Group in a research note on Tuesday, January 6th. Finally, BMO Capital Markets raised their price target on Hub Group from $38.00 to $40.00 and gave the company a “market perform” rating in a report on Monday, November 3rd. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $46.20.

Hub Group Trading Up 0.7%

Shares of HUBG stock opened at $48.27 on Friday. Hub Group has a twelve month low of $30.75 and a twelve month high of $48.89. The stock has a market cap of $2.95 billion, a price-to-earnings ratio of 27.90, a PEG ratio of 1.37 and a beta of 1.14. The company’s 50-day moving average price is $42.41 and its 200-day moving average price is $37.97. 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 (NASDAQ:HUBG) last released its quarterly earnings results on Thursday, October 30th. The transportation company reported $0.49 EPS for the quarter, meeting the consensus estimate of $0.49. The firm had revenue of $934.50 million for the quarter, compared to analyst estimates of $937.78 million. Hub Group had a net margin of 2.82% and a return on equity of 6.58%. The business’s revenue for the quarter was down 5.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.52 EPS. Hub Group has set its FY 2025 guidance at 1.800-1.900 EPS. As a group, equities analysts predict that Hub Group will post 2.2 earnings per share for the current year.

Insiders Place Their Bets

In other Hub Group news, Director Gary Yablon purchased 4,566 shares of Hub Group stock in a transaction that occurred on Thursday, December 11th. The stock was purchased at an average price of $43.73 per share, with a total value of $199,671.18. Following the completion of the acquisition, the director owned 32,778 shares of the company’s stock, valued at approximately $1,433,381.94. This trade represents a 16.18% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Phillip D. Yeager sold 32,000 shares of the firm’s stock in a transaction that occurred on Thursday, December 11th. The stock was sold at an average price of $43.68, for a total transaction of $1,397,760.00. Following the sale, the chief executive officer directly owned 168,315 shares of the company’s stock, valued at $7,351,999.20. The trade was a 15.97% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 3.48% of the company’s stock.

Hedge Funds Weigh In On Hub Group

Several large investors have recently modified their holdings of the stock. Invesco Ltd. raised its stake in Hub Group by 4.1% during the third quarter. Invesco Ltd. now owns 1,958,934 shares of the transportation company’s stock valued at $67,466,000 after buying an additional 77,963 shares in the last quarter. Geode Capital Management LLC boosted its stake in Hub Group by 0.6% during the 2nd quarter. Geode Capital Management LLC now owns 1,520,025 shares of the transportation company’s stock valued at $50,821,000 after purchasing an additional 9,608 shares in the last quarter. Millennium Management LLC boosted its position in shares of Hub Group by 138.4% during the 3rd quarter. Millennium Management LLC now owns 1,138,461 shares of the transportation company’s stock valued at $39,209,000 after purchasing an additional 661,018 shares in the last quarter. River Road Asset Management LLC boosted its position in shares of 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 valued at $38,641,000 after purchasing an additional 487,703 shares during the period. Finally, Deprince Race & Zollo Inc. grew its holdings in shares of Hub Group by 44.8% during the third quarter. Deprince Race & Zollo Inc. now owns 996,567 shares of the transportation company’s stock valued at $34,322,000 after buying an additional 308,379 shares in the last quarter. Institutional investors own 46.77% of the company’s stock.

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.