Cowen Increases Hub Group (HUBG) Price Target to $56.00

Hub Group (NASDAQ:HUBG) had its target price increased by Cowen from $52.00 to $56.00 in a research note released on Monday morning, MarketBeat Ratings reports. They currently have a market perform rating on the transportation company’s stock.

“WCC lapped tough SG&A comps with cost structure now (as of 3Q) comparing normalized for restored compensation levels, and affording 74% conversion of GP growth to OP. WCC also indicated expectation to convert 50%+ on a low single-digit organic growth profile vs. historically requiring stronger growth to deliver targeted pull through. WCC increased share repurchase authorization to $400M and noted plans to repurchase about $175M through 1H19 subject to market conditions. GM improved slightly, as price pass through and billing margin management proved solid, though we note reversal of recent unfavorable mix from outsized international growth (excluding Canada) at lower GM, and strong 3Q growth from Canada (typically favorable GM mix).”,” the firm’s analyst wrote.

Other equities analysts also recently issued research reports about the stock. Buckingham Research raised their price objective on shares of Hub Group from $46.00 to $54.00 and gave the stock a neutral rating in a report on Tuesday, October 30th. BidaskClub downgraded shares of Hub Group from a hold rating to a sell rating in a report on Saturday, September 15th. Loop Capital dropped their price objective on shares of Hub Group to $58.00 and set a buy rating on the stock in a report on Tuesday, September 4th. Stifel Nicolaus reissued a hold rating and issued a $53.00 price objective on shares of Hub Group in a report on Thursday, August 2nd. Finally, UBS Group raised their price objective on shares of Hub Group from $56.00 to $61.00 and gave the stock a buy rating in a report on Thursday, August 2nd. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and seven have assigned a buy rating to the company. Hub Group has a consensus rating of Hold and a consensus target price of $56.83.

Shares of HUBG stock traded down $1.22 during trading hours on Monday, reaching $47.24. The company had a trading volume of 730 shares, compared to its average volume of 454,003. Hub Group has a one year low of $38.40 and a one year high of $56.60. The firm has a market capitalization of $1.67 billion, a PE ratio of 25.18 and a beta of 1.43. The company has a quick ratio of 1.18, a current ratio of 1.54 and a debt-to-equity ratio of 0.23.

Hub Group (NASDAQ:HUBG) last announced its quarterly earnings results on Thursday, October 25th. The transportation company reported $0.77 EPS for the quarter, topping analysts’ consensus estimates of $0.70 by $0.07. Hub Group had a net margin of 5.78% and a return on equity of 10.77%. The firm had revenue of $933.22 million during the quarter, compared to analyst estimates of $1.11 billion. Analysts anticipate that Hub Group will post 2.75 earnings per share for the current year.

In related news, Director Charles R. Reaves sold 2,500 shares of the firm’s stock in a transaction that occurred on Wednesday, September 5th. The shares were sold at an average price of $50.24, for a total value of $125,600.00. Following the transaction, the director now owns 68,768 shares of the company’s stock, valued at $3,454,904.32. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 5.75% of the company’s stock.

A number of large investors have recently modified their holdings of the business. BlackRock Inc. lifted its holdings in Hub Group by 6.1% during the second quarter. BlackRock Inc. now owns 4,575,607 shares of the transportation company’s stock valued at $227,866,000 after purchasing an additional 264,099 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in Hub Group by 3.2% during the second quarter. Dimensional Fund Advisors LP now owns 2,667,599 shares of the transportation company’s stock valued at $132,846,000 after purchasing an additional 82,191 shares in the last quarter. Scopus Asset Management L.P. lifted its holdings in Hub Group by 29.5% during the second quarter. Scopus Asset Management L.P. now owns 910,864 shares of the transportation company’s stock valued at $45,361,000 after purchasing an additional 207,288 shares in the last quarter. Victory Capital Management Inc. lifted its holdings in Hub Group by 12,002.3% during the second quarter. Victory Capital Management Inc. now owns 663,086 shares of the transportation company’s stock valued at $33,022,000 after purchasing an additional 657,607 shares in the last quarter. Finally, Voya Investment Management LLC lifted its holdings in Hub Group by 3,913.9% during the second quarter. Voya Investment Management LLC now owns 570,822 shares of the transportation company’s stock valued at $28,427,000 after purchasing an additional 556,601 shares in the last quarter. 91.31% of the stock is currently owned by institutional investors and hedge funds.

Hub Group Company Profile

Hub Group, Inc, an asset-light freight transportation management company, provides intermodal, truck brokerage, and logistics services in North America. It operates through two segments, Mode and Hub. Its intermodal services include arranging for the movement of its customers' freight in containers and trailers over long distances.

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