Hub Group, Inc. (NASDAQ:HUBG) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report released on Friday, October 6th.
According to Zacks, “Hub Group, Inc. is a full service transportation provider, offering intermodal, truck brokerage and comprehensive logistics services. “
A number of other equities research analysts have also recently weighed in on HUBG. BidaskClub upgraded Hub Group from a “strong sell” rating to a “sell” rating in a report on Thursday, June 29th. Cowen and Company lowered their price target on Hub Group from $42.00 to $40.00 and set a “market perform” rating on the stock in a report on Thursday, July 27th. Barclays PLC lowered their price target on Hub Group from $40.00 to $38.00 and set an “underweight” rating on the stock in a report on Thursday, July 27th. KeyCorp restated a “neutral” rating on shares of Hub Group in a report on Friday, August 25th. Finally, Stifel Nicolaus restated a “buy” rating and issued a $45.00 price target on shares of Hub Group in a report on Thursday, September 7th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the stock. Hub Group presently has an average rating of “Hold” and a consensus price target of $45.00.
Shares of Hub Group (NASDAQ HUBG) opened at 38.20 on Friday. Hub Group has a 12-month low of $33.17 and a 12-month high of $52.50. The company’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 price-to-earnings ratio of 22.75 and a beta of 1.41.
Hub Group (NASDAQ:HUBG) last released its quarterly earnings results on Wednesday, July 26th. The transportation company reported $0.29 earnings per share for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.08). The firm had revenue of $924.50 million during the quarter, compared to analyst estimates of $930.59 million. Hub Group had a return on equity of 9.49% and a net margin of 1.50%. The business’s revenue was up 8.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.61 EPS. On average, equities research analysts forecast that Hub Group will post $1.48 EPS for the current fiscal year.
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In other news, Director Charles R. Reaves sold 6,000 shares of the firm’s stock in a transaction dated Monday, August 28th. The stock was 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 directly owns 67,947 shares in the company, valued at $2,554,807.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 5.36% of the stock is owned by company insiders.
Several institutional investors have recently made changes to their positions in the company. Public Employees Retirement System of Ohio grew its stake in shares of Hub Group by 12.7% during the second quarter. Public Employees Retirement System of Ohio now owns 5,079 shares of the transportation company’s stock valued at $195,000 after acquiring an additional 573 shares in the last quarter. Verition Fund Management LLC grew its stake in shares of Hub Group by 161.2% during the second quarter. Verition Fund Management LLC now owns 13,706 shares of the transportation company’s stock valued at $526,000 after acquiring an additional 8,459 shares in the last quarter. Piedmont Investment Advisors LLC acquired a new stake in shares of Hub Group during the second quarter valued at about $278,000. The Manufacturers Life Insurance Company grew its stake in shares of Hub Group by 3.3% during the second quarter. The Manufacturers Life Insurance Company now owns 26,762 shares of the transportation company’s stock valued at $1,025,000 after acquiring an additional 858 shares in the last quarter. Finally, State Street Corp grew its stake in Hub Group by 0.6% in the second quarter. State Street Corp now owns 938,618 shares of the transportation company’s stock worth $35,996,000 after purchasing an additional 5,141 shares in the last quarter. Institutional investors own 91.06% of the company’s stock.
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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