Hub Group (HUBG) Rating Increased to Hold at BidaskClub

Hub Group (NASDAQ:HUBG) was upgraded by stock analysts at BidaskClub from a “sell” rating to a “hold” rating in a research note issued to investors on Wednesday.

Other equities research analysts have also recently issued research reports about the company. Stephens set a $62.00 price objective on Hub Group and gave the company a “buy” rating in a research note on Thursday, August 2nd. Susquehanna Bancshares boosted their price objective on Hub Group from $61.00 to $64.00 and gave the company a “positive” rating in a research note on Thursday, August 2nd. BMO Capital Markets boosted their target price on Hub Group from $48.00 to $55.00 and gave the company a “market perform” rating in a report on Thursday, August 2nd. Stifel Nicolaus reissued a “hold” rating and issued a $53.00 target price on shares of Hub Group in a report on Thursday, August 2nd. Finally, ValuEngine raised Hub Group from a “hold” rating to a “buy” rating in a report on Friday, August 3rd. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and seven have issued a buy rating to the stock. Hub Group currently has an average rating of “Hold” and an average target price of $56.83.

NASDAQ HUBG traded down $1.70 on Wednesday, reaching $46.76. The stock had a trading volume of 5,073 shares, compared to its average volume of 454,003. The company has a current ratio of 1.54, a quick ratio of 1.18 and a debt-to-equity ratio of 0.23. Hub Group has a 12-month low of $38.40 and a 12-month high of $56.60. The stock has a market cap of $1.67 billion, a P/E ratio of 24.53 and a beta of 1.43.

Hub Group (NASDAQ:HUBG) last issued its quarterly earnings data on Thursday, October 25th. The transportation company reported $0.77 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.70 by $0.07. Hub Group had a return on equity of 10.77% and a net margin of 5.78%. The company had revenue of $933.22 million during the quarter, compared to analysts’ expectations of $1.11 billion. As a group, research analysts predict that Hub Group will post 2.75 earnings per share for the current year.

In other news, Director Charles R. Reaves sold 2,500 shares of the business’s stock in a transaction that occurred on Wednesday, September 5th. The stock was 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 filing with the SEC, which is available at the SEC website. Insiders own 5.75% of the company’s stock.

Hedge funds have recently made changes to their positions in the stock. CIBC Asset Management Inc acquired a new position in Hub Group during the second quarter worth $216,000. Amalgamated Bank acquired a new position in Hub Group during the second quarter worth $256,000. Sawtooth Solutions LLC acquired a new position in Hub Group during the second quarter worth $262,000. Xact Kapitalforvaltning AB acquired a new position in Hub Group during the first quarter worth $299,000. Finally, Tower Research Capital LLC TRC grew its holdings in Hub Group by 16.8% during the second quarter. Tower Research Capital LLC TRC now owns 6,752 shares of the transportation company’s stock worth $336,000 after acquiring an additional 973 shares during the period. 91.31% of the stock is currently owned by hedge funds and other institutional investors.

About Hub Group

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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Analyst Recommendations for Hub Group (NASDAQ:HUBG)

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