Hub Group, Inc. (NASDAQ:HUBG)‘s stock had its “hold” rating reaffirmed by research analysts at Cowen and Company in a research report issued on Thursday. They presently have a $40.00 price objective on the transportation company’s stock.
Several other equities analysts also recently weighed in on HUBG. BidaskClub upgraded Hub Group from a “strong sell” rating to a “sell” rating in a research report on Thursday, June 29th. Zacks Investment Research upgraded Hub Group from a “hold” rating to a “buy” rating and set a $43.00 target price on the stock in a research report on Wednesday, July 5th. Barclays PLC lowered their target price on Hub Group from $40.00 to $38.00 and set an “underweight” rating on the stock in a research report on Thursday, July 27th. KeyCorp reiterated a “neutral” rating on shares of Hub Group in a research report on Friday, August 25th. Finally, Stifel Nicolaus reiterated a “buy” rating and set a $45.00 target price on shares of Hub Group in a research 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 assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $43.63.
Shares of Hub Group (NASDAQ HUBG) opened at 40.00 on Thursday. The company’s 50 day moving average price is $40.17 and its 200-day moving average price is $38.60. Hub Group has a 1-year low of $33.17 and a 1-year high of $52.50. The company has a market capitalization of $1.37 billion, a price-to-earnings ratio of 23.82 and a beta of 1.41.
Hub Group (NASDAQ:HUBG) last released its earnings results on Wednesday, July 26th. The transportation company reported $0.29 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.37 by ($0.08). The company had revenue of $924.50 million for the quarter, compared to analysts’ expectations of $930.59 million. Hub Group had a net margin of 1.50% and a return on equity of 9.49%. Hub Group’s revenue for the quarter was up 8.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.61 earnings per share. On average, equities analysts forecast that Hub Group will post $1.48 earnings per share for the current year.
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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 stock was sold at an average price of $37.60, for a total transaction of $225,600.00. Following the sale, the director now directly owns 67,947 shares of the company’s stock, valued at $2,554,807.20. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 5.36% of the stock is owned by company insiders.
A number of large investors have recently bought and sold shares of HUBG. BlackRock Inc. raised its holdings in Hub Group by 19,453.7% during the first quarter. BlackRock Inc. now owns 5,038,204 shares of the transportation company’s stock valued at $233,773,000 after acquiring an additional 5,012,438 shares during the period. Nuance Investments LLC raised its holdings in Hub Group by 229.7% during the second quarter. Nuance Investments LLC now owns 1,517,579 shares of the transportation company’s stock valued at $58,199,000 after acquiring an additional 1,057,338 shares during the period. FMR LLC raised its holdings in Hub Group by 10.7% during the first quarter. FMR LLC now owns 3,270,552 shares of the transportation company’s stock valued at $151,754,000 after acquiring an additional 317,119 shares during the period. Bank of New York Mellon Corp raised its holdings in Hub Group by 42.7% during the second quarter. Bank of New York Mellon Corp now owns 647,808 shares of the transportation company’s stock valued at $24,843,000 after acquiring an additional 193,994 shares during the period. Finally, Bank of Montreal Can raised its holdings in Hub Group by 345.4% during the second quarter. Bank of Montreal Can now owns 235,492 shares of the transportation company’s stock valued at $9,031,000 after acquiring an additional 182,622 shares during the period. 91.06% of the stock is currently owned by institutional investors and hedge funds.
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).
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