Cowen and Company reiterated their hold rating on shares of Hub Group, Inc. (NASDAQ:HUBG) in a research note published on Thursday morning. They currently have a $40.00 target price on the transportation company’s stock.
Other equities research analysts have also issued research reports about the stock. Zacks Investment Research upgraded shares of Hub Group from a hold rating to a buy rating and set a $43.00 target price for the company in a report on Wednesday, July 5th. Stifel Nicolaus reiterated a buy rating and set a $45.00 price objective on shares of Hub Group in a report on Thursday, September 7th. BMO Capital Markets reiterated a hold rating and set a $42.00 price objective on shares of Hub Group in a report on Wednesday, September 20th. KeyCorp reiterated a hold rating on shares of Hub Group in a report on Tuesday, September 26th. Finally, Loop Capital initiated coverage on shares of Hub Group in a report on Tuesday, October 3rd. They set a hold rating and a $47.00 price objective for the company. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the company’s stock. The company presently has a consensus rating of Hold and an average target price of $45.00.
Hub Group (NASDAQ:HUBG) opened at 39.40 on Thursday. The stock has a market cap of $1.34 billion, a PE ratio of 23.47 and a beta of 1.41. Hub Group has a 52-week low of $33.17 and a 52-week high of $52.50. The firm has a 50 day moving average of $40.43 and a 200-day moving average of $38.47.
Hub Group (NASDAQ:HUBG) last released its earnings results on Wednesday, July 26th. The transportation company reported $0.29 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.37 by ($0.08). The firm had revenue of $924.50 million during the quarter, compared to the consensus estimate of $930.59 million. Hub Group had a return on equity of 9.49% and a net margin of 1.50%. Hub Group’s revenue was up 8.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.61 EPS. Equities analysts anticipate that Hub Group will post $1.48 earnings per share for the current fiscal year.
In other Hub Group news, Director Charles R. Reaves sold 6,000 shares of the firm’s 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 owns 67,947 shares of the company’s stock, valued at approximately $2,554,807.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 5.36% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of HUBG. Bank of New York Mellon Corp increased its position in Hub Group by 1.2% during the 1st quarter. Bank of New York Mellon Corp now owns 453,814 shares of the transportation company’s stock valued at $21,056,000 after purchasing an additional 5,340 shares during the period. Comerica Bank increased its position in Hub Group by 4.9% during the 1st quarter. Comerica Bank now owns 37,097 shares of the transportation company’s stock valued at $1,488,000 after purchasing an additional 1,720 shares during the period. UBS Asset Management Americas Inc. increased its position in Hub Group by 24.9% during the 1st quarter. UBS Asset Management Americas Inc. now owns 24,366 shares of the transportation company’s stock valued at $1,131,000 after purchasing an additional 4,862 shares during the period. Karp Capital Management Corp purchased a new position in shares of Hub Group in the 1st quarter worth approximately $256,000. Finally, Ameriprise Financial Inc. grew its position in shares of Hub Group by 5.8% in the 1st quarter. Ameriprise Financial Inc. now owns 180,787 shares of the transportation company’s stock worth $8,390,000 after buying an additional 9,833 shares during the last quarter. 91.06% of the stock is currently owned by institutional investors and hedge funds.
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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