Hub Group, Inc. (NASDAQ:HUBG) had its target price lifted by BMO Capital Markets from $42.00 to $44.00 in a research report report published on Friday, October 27th. The firm currently has a market perform rating on the transportation company’s stock.
Other analysts have also issued reports about the stock. BidaskClub raised shares of Hub Group from a strong sell rating to a sell rating in a research report on Wednesday, August 16th. Zacks Investment Research upgraded Hub Group from a hold rating to a buy rating and set a $43.00 price objective on the stock in a report on Wednesday, July 5th. Cowen and Company lowered their price target on Hub Group from $42.00 to $40.00 and set a market perform rating on the stock in a report on Thursday, July 27th. Stifel Nicolaus reiterated a buy rating and set a $45.00 price target on shares of Hub Group in a report on Thursday, September 7th. Finally, Stephens upgraded Hub Group from an equal weight rating to an overweight rating in a report on Friday, October 27th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and five have given a buy rating to the company. Hub Group has an average rating of Hold and a consensus price target of $45.36.
Shares of Hub Group (NASDAQ HUBG) traded up $0.10 during midday trading on Friday, reaching $43.80. 265,800 shares of the company’s stock were exchanged, compared to its average volume of 329,127. Hub Group has a 52 week low of $33.17 and a 52 week high of $52.50. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.33. The firm has a market cap of $1,490.00, a P/E ratio of 25.56, a price-to-earnings-growth ratio of 1.73 and a beta of 1.46.
Hub Group (NASDAQ:HUBG) last posted its quarterly earnings data on Thursday, October 26th. The transportation company reported $0.46 EPS for the quarter, beating analysts’ consensus estimates of $0.40 by $0.06. The company had revenue of $1.05 billion during the quarter, compared to analyst estimates of $1.03 billion. Hub Group had a net margin of 1.39% and a return on equity of 8.87%. The business’s quarterly revenue was up 13.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.54 earnings per share. sell-side analysts anticipate that Hub Group will post 1.69 EPS for the current year.
In other Hub Group news, Director Charles R. Reaves sold 6,000 shares of the business’s stock in a transaction that occurred on Monday, August 28th. The stock was sold at an average price of $37.60, for a total value of $225,600.00. Following the sale, the director now owns 67,947 shares in the company, valued at approximately $2,554,807.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 5.36% of the company’s stock.
Several large investors have recently bought and sold shares of HUBG. BlackRock Inc. grew its holdings in Hub Group by 4.1% in the 2nd quarter. BlackRock Inc. now owns 5,247,266 shares of the transportation company’s stock valued at $201,232,000 after buying an additional 209,062 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Hub Group by 2.4% during the 2nd quarter. Vanguard Group Inc. now owns 2,894,885 shares of the transportation company’s stock worth $111,019,000 after buying an additional 67,018 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Hub Group by 1.2% during the 3rd quarter. Dimensional Fund Advisors LP now owns 2,549,524 shares of the transportation company’s stock worth $109,502,000 after buying an additional 31,287 shares during the last quarter. Nuance Investments LLC lifted its position in shares of Hub Group by 12.8% during the 3rd quarter. Nuance Investments LLC now owns 1,711,119 shares of the transportation company’s stock worth $73,493,000 after buying an additional 193,540 shares during the last quarter. Finally, Fisher Asset Management LLC lifted its position in shares of Hub Group by 6.5% during the 2nd quarter. Fisher Asset Management LLC now owns 1,551,209 shares of the transportation company’s stock worth $59,489,000 after buying an additional 95,344 shares during the last quarter. 90.51% of the stock is currently owned by hedge funds and other institutional investors.
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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