Hub Group, Inc. (NASDAQ:HUBG – Get Free Report) has earned an average rating of “Hold” from the seventeen brokerages that are presently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, nine have given a hold rating and seven have assigned a buy rating to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $43.1429.
HUBG has been the subject of a number of recent analyst reports. Weiss Ratings restated a “hold (c)” rating on shares of Hub Group in a report on Friday, March 27th. Wells Fargo & Company restated an “equal weight” rating and set a $35.00 target price (down from $55.00) on shares of Hub Group in a report on Thursday, March 26th. Benchmark decreased their target price on Hub Group from $50.00 to $42.00 and set a “buy” rating for the company in a report on Thursday, May 14th. Stifel Nicolaus upped their target price on Hub Group from $27.00 to $29.00 and gave the company a “sell” rating in a report on Thursday, April 2nd. Finally, Raymond James Financial restated an “outperform” rating and set a $48.00 target price on shares of Hub Group in a report on Wednesday, April 15th.
Check Out Our Latest Research Report on HUBG
Hub Group Stock Performance
Hub Group Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 17th. Investors of record on Friday, June 5th were issued a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date was Friday, June 5th. Hub Group’s dividend payout ratio is currently 28.90%.
Hedge Funds Weigh In On Hub Group
A number of institutional investors have recently added to or reduced their stakes in the company. Empowered Funds LLC bought a new position in Hub Group in the first quarter worth $223,000. NewEdge Advisors LLC raised its holdings in Hub Group by 10.7% in the first quarter. NewEdge Advisors LLC now owns 6,880 shares of the transportation company’s stock worth $248,000 after purchasing an additional 666 shares in the last quarter. Bank of America Corp DE raised its holdings in Hub Group by 8.1% in the first quarter. Bank of America Corp DE now owns 810,131 shares of the transportation company’s stock worth $29,197,000 after purchasing an additional 61,025 shares in the last quarter. Edgestream Partners L.P. bought a new position in Hub Group in the first quarter worth $8,069,000. Finally, Amundi raised its holdings in Hub Group by 36.4% in the first quarter. Amundi now owns 22,394 shares of the transportation company’s stock worth $807,000 after purchasing an additional 5,979 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.
Featured Articles
- Five stocks we like better than Hub Group
- Buy CrowdStrike Before the Stock Split? Here’s the Case
- Investors Are Buying Into Sweetgreen Again—Should They?
- Burlington Is Winning Over Shoppers But Investors Need Patience
- USA Today’s Digital Revival Is Gaining Steam, But With Plenty of Risk
Receive News & Ratings for Hub Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hub Group and related companies with MarketBeat.com's FREE daily email newsletter.
