Zacks Investment Research upgraded shares of Hub Group, Inc. (NASDAQ:HUBG) from a sell rating to a hold rating in a report published on Monday.
According to Zacks, “Hub Group, Inc. is a full service transportation provider, offering intermodal, truck brokerage and comprehensive logistics services. “
Several other brokerages also recently commented on HUBG. Cowen and Company lowered their price objective on shares of Hub Group from $42.00 to $40.00 and set a market perform rating for the company in a research report on Thursday, July 27th. Stifel Nicolaus restated a buy rating and set a $45.00 price objective on shares of Hub Group in a research report on Thursday, September 7th. BidaskClub upgraded shares of Hub Group from a strong sell rating to a sell rating in a research report on Thursday, June 29th. KeyCorp restated a neutral rating on shares of Hub Group in a research report on Friday, August 25th. Finally, J P Morgan Chase & Co began coverage on shares of Hub Group in a research report on Tuesday, May 23rd. They set a neutral rating and a $37.00 price objective for the company. Two research analysts have rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the stock. The stock presently has an average rating of Hold and an average price target of $40.83.
Shares of Hub Group (NASDAQ:HUBG) opened at 41.85 on Monday. The company’s 50-day moving average price is $37.12 and its 200-day moving average price is $39.26. The company has a market capitalization of $1.43 billion, a price-to-earnings ratio of 24.93 and a beta of 1.38. Hub Group has a 52-week low of $33.17 and a 52-week high of $52.50.
Hub Group (NASDAQ:HUBG) last announced its quarterly earnings data on Wednesday, July 26th. The transportation company reported $0.29 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 firm had revenue of $924.50 million for the quarter, compared to analyst estimates of $930.59 million. During the same quarter in the prior year, the firm earned $0.61 earnings per share. The firm’s revenue for the quarter was up 8.1% on a year-over-year basis. Equities research analysts forecast that Hub Group will post $1.49 EPS for the current fiscal year.
COPYRIGHT VIOLATION NOTICE: “Hub Group, Inc. (HUBG) Upgraded at Zacks Investment Research” was originally published by Sports Perspectives and is the sole property of of Sports Perspectives. If you are accessing this story on another website, it was illegally copied and republished in violation of United States & international trademark & copyright legislation. The correct version of this story can be accessed at https://sportsperspectives.com/2017/09/21/hub-group-inc-hubg-upgraded-at-zacks-investment-research.html.
In other news, Director Charles R. Reaves sold 6,000 shares of the company’s stock in a transaction 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 transaction, the director now directly owns 67,947 shares in the company, valued at $2,554,807.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 5.36% of the stock is currently owned by corporate insiders.
Large investors have recently made changes to their positions in the company. Quantbot Technologies LP acquired a new position in shares of Hub Group during the first quarter worth $112,000. Ameritas Investment Partners Inc. acquired a new position in shares of Hub Group during the first quarter worth $134,000. Public Employees Retirement System of Ohio increased its holdings 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 worth $195,000 after buying an additional 573 shares in the last quarter. Stevens Capital Management LP acquired a new position in shares of Hub Group during the first quarter worth $203,000. Finally, Amalgamated Bank acquired a new position in shares of Hub Group during the first quarter worth $206,000. Institutional investors own 91.06% of the company’s stock.
Hub Group Company Profile
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).
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Hub Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hub Group Inc. and related companies with MarketBeat.com's FREE daily email newsletter.