Hub Group, Inc. (NASDAQ:HUBG)‘s stock had its “market perform” rating reaffirmed by analysts at Wells Fargo & Company in a report issued on Thursday, November 2nd, The Fly reports. They currently have a $46.00 price objective on the transportation company’s stock, up from their prior price objective of $37.00. Wells Fargo & Company’s price target would indicate a potential upside of 3.60% from the stock’s current price. The analysts noted that the move was a valuation call.
HUBG has been the subject of a number of other research reports. KeyCorp reiterated a “neutral” rating on shares of Hub Group in a report on Friday, August 25th. Cowen and Company reiterated a “hold” rating and issued a $40.00 price objective on shares of Hub Group in a report on Thursday, October 12th. Buckingham Research started coverage on shares of Hub Group in a report on Friday, October 20th. They issued a “neutral” rating and a $43.00 price objective for the company. Zacks Investment Research upgraded shares of Hub Group from a “hold” rating to a “buy” rating and set a $48.00 price objective for the company in a report on Monday, October 2nd. Finally, Loop Capital started coverage on shares of Hub Group in a report on Tuesday, October 3rd. They issued a “hold” rating and a $47.00 price objective for the company. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and five have assigned a buy rating to the stock. Hub Group has an average rating of “Hold” and a consensus target price of $45.36.
Hub Group (NASDAQ:HUBG) opened at $44.40 on Thursday. The company has a market cap of $1,500.00, a PE ratio of 25.32, a PEG ratio of 1.71 and a beta of 1.46. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.33. Hub Group has a fifty-two week low of $33.17 and a fifty-two week high of $52.50.
In other news, Director Charles R. Reaves sold 6,000 shares of the firm’s stock in a transaction that occurred on Monday, August 28th. The shares were sold at an average price of $37.60, for a total transaction of $225,600.00. Following the completion of the sale, the director now owns 67,947 shares of the company’s stock, valued at approximately $2,554,807.20. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 5.36% of the company’s stock.
Several hedge funds have recently made changes to their positions in the company. GSA Capital Partners LLP grew its position in shares of Hub Group by 275.6% during the 3rd quarter. GSA Capital Partners LLP now owns 26,680 shares of the transportation company’s stock worth $1,146,000 after buying an additional 19,577 shares during the period. Fieldpoint Private Securities LLC acquired a new stake in shares of Hub Group during the 3rd quarter worth approximately $100,000. Walthausen & Co. LLC acquired a new stake in shares of Hub Group during the 3rd quarter worth approximately $7,259,000. California Public Employees Retirement System grew its position in shares of Hub Group by 8.1% during the 3rd quarter. California Public Employees Retirement System now owns 83,003 shares of the transportation company’s stock worth $3,565,000 after buying an additional 6,203 shares during the period. Finally, Point72 Asset Management L.P. grew its position in shares of Hub Group by 162.0% during the 3rd quarter. Point72 Asset Management L.P. now owns 118,700 shares of the transportation company’s stock worth $5,098,000 after buying an additional 73,400 shares during the period. 94.04% of the stock is owned by 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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