Hub Group Inc (NASDAQ:HUBG) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report issued on Friday.
According to Zacks, “Hub Group, Inc. is a full service transportation provider, offering intermodal, truck brokerage and comprehensive logistics services. “
HUBG has been the subject of several other reports. Cowen and Company increased their price objective on Hub Group from $41.00 to $48.00 and gave the company a “market perform” rating in a research report on Friday, February 3rd. Susquehanna Bancshares Inc started coverage on Hub Group in a research report on Tuesday, December 20th. They issued a “positive” rating for the company. Seaport Global Securities began coverage on Hub Group in a research report on Wednesday, February 15th. They issued a “buy” rating for the company. Finally, Barclays PLC reaffirmed a “sell” rating and issued a $43.00 target price on shares of Hub Group in a research report on Tuesday, January 10th. Two analysts have rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company’s stock. Hub Group presently has a consensus rating of “Hold” and an average target price of $44.83.
Hub Group (NASDAQ:HUBG) traded up 0.50% during trading on Friday, reaching $40.30. 253,774 shares of the company’s stock traded hands. The firm has a 50 day moving average of $45.93 and a 200 day moving average of $44.13. Hub Group has a 1-year low of $34.35 and a 1-year high of $52.50. The firm has a market capitalization of $1.38 billion, a PE ratio of 18.32 and a beta of 1.21.
Hub Group (NASDAQ:HUBG) last announced its quarterly earnings results on Thursday, February 2nd. The transportation company reported $0.55 EPS for the quarter, beating the consensus estimate of $0.48 by $0.07. Hub Group had a return on equity of 12.55% and a net margin of 2.09%. The company had revenue of $978.60 million for the quarter, compared to the consensus estimate of $936.63 million. During the same quarter last year, the company posted $0.63 earnings per share. The company’s revenue for the quarter was up 9.9% compared to the same quarter last year. Equities analysts forecast that Hub Group will post $2.39 EPS for the current year.
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Several hedge funds and other institutional investors have recently modified their holdings of the stock. Elkfork Partners LLC bought a new position in shares of Hub Group during the fourth quarter worth about $109,000. State of Alaska Department of Revenue boosted its position in shares of Hub Group by 1.7% in the first quarter. State of Alaska Department of Revenue now owns 3,690 shares of the transportation company’s stock worth $171,000 after buying an additional 60 shares during the last quarter. Miles Capital Inc. bought a new position in shares of Hub Group during the fourth quarter worth about $223,000. Aperio Group LLC boosted its position in shares of Hub Group by 9.8% in the third quarter. Aperio Group LLC now owns 6,238 shares of the transportation company’s stock worth $254,000 after buying an additional 556 shares during the last quarter. Finally, Credit Agricole S A bought a new position in shares of Hub Group during the fourth quarter worth about $329,000. 94.59% 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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