A number of other equities analysts also recently commented on the company. UBS Group set a $46.00 target price on Hub Group and gave the company a hold rating in a research note on Wednesday, July 31st. ValuEngine upgraded Hub Group from a sell rating to a hold rating in a research note on Thursday, August 1st. Zacks Investment Research downgraded Hub Group from a buy rating to a hold rating in a research note on Wednesday, July 3rd. Finally, Cowen upgraded Hub Group from a market perform rating to an outperform rating and decreased their target price for the company from $54.00 to $53.00 in a research note on Wednesday, May 22nd. One analyst has rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the stock. Hub Group has a consensus rating of Hold and an average price target of $52.60.
Shares of NASDAQ HUBG traded up $0.61 during midday trading on Thursday, reaching $46.11. 137,378 shares of the company’s stock were exchanged, compared to its average volume of 257,264. Hub Group has a 52-week low of $34.02 and a 52-week high of $49.35. The stock has a market capitalization of $1.56 billion, a PE ratio of 17.70 and a beta of 1.60. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.23 and a current ratio of 1.23. The business’s fifty day moving average price is $42.18 and its two-hundred day moving average price is $41.84.
In other news, Director Charles R. Reaves sold 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $42.21, for a total transaction of $211,050.00. Following the completion of the transaction, the director now directly owns 67,127 shares in the company, valued at $2,833,430.67. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 5.94% of the company’s stock.
Several hedge funds and other institutional investors have recently modified their holdings of HUBG. Tower Research Capital LLC TRC lifted its position in Hub Group by 133.0% in the second quarter. Tower Research Capital LLC TRC now owns 615 shares of the transportation company’s stock worth $26,000 after purchasing an additional 351 shares during the period. Advisory Services Network LLC acquired a new stake in Hub Group in the first quarter worth approximately $36,000. Point72 Hong Kong Ltd lifted its position in Hub Group by 1,773.5% in the second quarter. Point72 Hong Kong Ltd now owns 918 shares of the transportation company’s stock worth $39,000 after purchasing an additional 869 shares during the period. Point72 Asset Management L.P. lifted its position in Hub Group by 22.2% in the second quarter. Point72 Asset Management L.P. now owns 1,552 shares of the transportation company’s stock worth $65,000 after purchasing an additional 282 shares during the period. Finally, NumerixS Investment Technologies Inc lifted its position in Hub Group by 86.7% in the first quarter. NumerixS Investment Technologies Inc now owns 2,800 shares of the transportation company’s stock worth $116,000 after purchasing an additional 1,300 shares during the period. Institutional investors and hedge funds own 91.50% of the company’s stock.
Hub Group Company Profile
Hub Group, Inc, an asset-light freight transportation management company, provides intermodal, trucking, truck brokerage, and other logistics services in North America. Its intermodal services include arranging for the movement of its customers' freight in containers and trailers over long distances.
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