Robert W. Baird reissued their hold rating on shares of Hub Group, Inc. (NASDAQ:HUBG) in a research report released on Friday, October 6th. Robert W. Baird currently has a $45.00 price target on the transportation company’s stock.
Several other brokerages have also recently weighed in on HUBG. Zacks Investment Research raised shares of Hub Group from a hold rating to a buy rating and set a $48.00 price target for the company in a research report on Monday, October 2nd. Stifel Nicolaus restated a buy rating and set a $50.00 price target on shares of Hub Group in a research note on Sunday, October 1st. Barclays PLC upped their price target on shares of Hub Group from $38.00 to $40.00 and gave the company an underweight rating in a research note on Monday, October 2nd. Loop Capital started coverage on shares of Hub Group in a research note on Tuesday, October 3rd. They set a hold rating and a $47.00 price target on the stock. Finally, KeyCorp restated a hold rating on shares of Hub Group in a research note on Tuesday, September 26th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the stock. The company presently has a consensus rating of Hold and a consensus target price of $45.00.
Hub Group (NASDAQ HUBG) opened at 38.20 on Friday. The firm’s 50-day moving average price is $40.43 and its 200 day moving average price is $38.47. The firm has a market capitalization of $1.30 billion, a P/E ratio of 22.75 and a beta of 1.41. Hub Group has a one year low of $33.17 and a one year high of $52.50.
Hub Group (NASDAQ:HUBG) last released its quarterly earnings data on Wednesday, July 26th. The transportation company reported $0.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.37 by ($0.08). Hub Group had a net margin of 1.50% and a return on equity of 9.49%. The company had revenue of $924.50 million during the quarter, compared to analysts’ expectations of $930.59 million. During the same period last year, the firm earned $0.61 earnings per share. Hub Group’s quarterly revenue was up 8.1% on a year-over-year basis. On average, equities analysts anticipate that Hub Group will post $1.48 earnings per share for the current fiscal year.
In other news, Director Charles R. Reaves sold 6,000 shares of the stock in a transaction dated Monday, August 28th. The shares were sold at an average price of $37.60, for a total transaction of $225,600.00. Following the transaction, the director now directly owns 67,947 shares in the company, valued at approximately $2,554,807.20. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 5.36% of the stock is currently owned by corporate insiders.
Institutional investors and hedge funds have recently bought and sold shares of the stock. BlackRock Inc. grew its position in Hub Group by 4.1% in the second quarter. BlackRock Inc. now owns 5,247,266 shares of the transportation company’s stock valued at $201,232,000 after acquiring an additional 209,062 shares in the last quarter. FMR LLC grew its position in Hub Group by 10.7% in the first quarter. FMR LLC now owns 3,270,552 shares of the transportation company’s stock valued at $151,754,000 after acquiring an additional 317,119 shares in the last quarter. Vanguard Group Inc. grew its position in Hub Group by 2.4% in the second quarter. Vanguard Group Inc. now owns 2,894,885 shares of the transportation company’s stock valued at $111,019,000 after acquiring an additional 67,018 shares in the last quarter. Dimensional Fund Advisors LP grew its position in Hub Group by 7.6% in the second quarter. Dimensional Fund Advisors LP now owns 2,518,237 shares of the transportation company’s stock valued at $96,575,000 after acquiring an additional 177,503 shares in the last quarter. Finally, Fisher Asset Management LLC grew its position in Hub Group by 6.5% in the second quarter. Fisher Asset Management LLC now owns 1,551,209 shares of the transportation company’s stock valued at $59,489,000 after acquiring an additional 95,344 shares in the last quarter. 91.06% of the stock is owned by hedge funds and other institutional investors.
About Hub Group
Hub Group, Inc is an asset-light freight transportation management company. The Company offers intermodal, truck brokerage and logistics services. It operates through two business segments: Mode and Hub. The Mode segment markets and operates its freight transportation services, consisting of intermodal, truck brokerage and logistics, primarily through agents entering into contractual arrangements with Mode Transportation, LLC (Mode LLC).
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