Hub Group (HUBG) Lifted to “Hold” at BidaskClub

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BidaskClub upgraded shares of Hub Group (NASDAQ:HUBG) from a sell rating to a hold rating in a research report report published on Wednesday.

Several other analysts also recently weighed in on HUBG. Susquehanna Bancshares increased their target price on Hub Group from $61.00 to $64.00 and gave the company a positive rating in a research note on Thursday, August 2nd. Zacks Investment Research downgraded Hub Group from a buy rating to a hold rating in a research note on Thursday, October 11th. Buckingham Research increased their target price on Hub Group from $46.00 to $54.00 and gave the company a neutral rating in a research note on Tuesday, October 30th. Cowen restated a hold rating and set a $53.00 target price on shares of Hub Group in a research note on Thursday, August 2nd. Finally, BMO Capital Markets increased their target price on Hub Group from $49.00 to $50.00 and gave the company a market perform rating in a research note on Friday, October 26th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and seven have assigned a buy rating to the company. The company has an average rating of Hold and an average price target of $56.83.

NASDAQ:HUBG traded down $1.90 during mid-day trading on Wednesday, hitting $46.56. 372,709 shares of the company’s stock traded hands, compared to its average volume of 455,771. Hub Group has a 12 month low of $38.40 and a 12 month high of $56.60. The company has a market cap of $1.67 billion, a price-to-earnings ratio of 24.38 and a beta of 1.43. The company has a quick ratio of 1.18, a current ratio of 1.54 and a debt-to-equity ratio of 0.23.

Hub Group (NASDAQ:HUBG) last announced its earnings results on Thursday, October 25th. The transportation company reported $0.77 earnings per share for the quarter, beating the consensus estimate of $0.70 by $0.07. Hub Group had a return on equity of 10.77% and a net margin of 5.78%. The firm had revenue of $933.22 million during the quarter, compared to the consensus estimate of $1.11 billion. Analysts anticipate that Hub Group will post 2.75 EPS for the current year.

In other news, Director Charles R. Reaves sold 2,500 shares of the stock in a transaction that occurred on Wednesday, September 5th. The stock was sold at an average price of $50.24, for a total value of $125,600.00. Following the completion of the transaction, the director now directly owns 68,768 shares of the company’s stock, valued at approximately $3,454,904.32. The sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 5.75% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of the company. Globeflex Capital L P raised its holdings in shares of Hub Group by 280.8% in the 3rd quarter. Globeflex Capital L P now owns 39,298 shares of the transportation company’s stock worth $1,792,000 after buying an additional 28,978 shares in the last quarter. BlackRock Inc. raised its holdings in shares of Hub Group by 10.0% in the 3rd quarter. BlackRock Inc. now owns 5,031,121 shares of the transportation company’s stock worth $229,420,000 after buying an additional 455,514 shares in the last quarter. Granite Investment Partners LLC raised its holdings in shares of Hub Group by 4.1% in the 3rd quarter. Granite Investment Partners LLC now owns 313,167 shares of the transportation company’s stock worth $14,281,000 after buying an additional 12,366 shares in the last quarter. ClariVest Asset Management LLC acquired a new stake in Hub Group during the 3rd quarter valued at $3,803,000. Finally, SG Americas Securities LLC increased its holdings in Hub Group by 360.1% during the 3rd quarter. SG Americas Securities LLC now owns 43,469 shares of the transportation company’s stock valued at $1,982,000 after purchasing an additional 34,022 shares in the last quarter. 91.31% of the stock is owned by institutional investors and hedge funds.

Hub Group Company Profile

Hub Group, Inc, an asset-light freight transportation management company, provides intermodal, truck brokerage, and logistics services in North America. It operates through two segments, Mode and Hub. Its intermodal services include arranging for the movement of its customers' freight in containers and trailers over long distances.

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Analyst Recommendations for Hub Group (NASDAQ:HUBG)

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