BMO Capital Markets Boosts Hub Group (HUBG) Price Target to $54.00

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Hub Group (NASDAQ:HUBG) had its target price hoisted by BMO Capital Markets from $50.00 to $54.00 in a research report sent to investors on Tuesday. They currently have a market perform rating on the transportation company’s stock.

HUBG has been the topic of a number of other reports. Stephens set a $62.00 price target on shares of Hub Group and gave the company a buy rating in a research report on Thursday, August 2nd. Susquehanna Bancshares lifted their price target on shares of Hub Group from $61.00 to $64.00 and gave the company a positive rating in a research report on Thursday, August 2nd. ValuEngine raised shares of Hub Group from a hold rating to a buy rating in a research report on Friday, August 3rd. Stifel Nicolaus reaffirmed a hold rating and set a $53.00 price target on shares of Hub Group in a research report on Thursday, August 2nd. Finally, BidaskClub raised shares of Hub Group from a strong sell rating to a sell rating in a research report on Thursday, October 18th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and seven have assigned a buy rating to the stock. The stock currently has a consensus rating of Hold and a consensus target price of $56.83.

Hub Group stock traded down $1.90 during trading on Tuesday, reaching $46.56. The company had a trading volume of 372,709 shares, compared to its average volume of 455,771. Hub Group has a 12-month low of $38.40 and a 12-month high of $56.60. The company has a market cap of $1.67 billion, a price-to-earnings ratio of 24.38 and a beta of 1.43. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.18 and a current ratio of 1.54.

Hub Group (NASDAQ:HUBG) last released its earnings results on Thursday, October 25th. The transportation company reported $0.77 earnings per share (EPS) for the quarter, beating 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 the consensus estimate of $1.11 billion. Sell-side analysts predict that Hub Group will post 2.75 EPS for the current year.

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

Several hedge funds and other institutional investors have recently bought and sold shares of the company. BlackRock Inc. lifted its position in shares of Hub Group by 10.0% during the third quarter. BlackRock Inc. now owns 5,031,121 shares of the transportation company’s stock worth $229,420,000 after purchasing an additional 455,514 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of 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 worth $132,846,000 after purchasing an additional 82,191 shares in the last quarter. Scopus Asset Management L.P. lifted its position in shares of 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 worth $45,361,000 after purchasing an additional 207,288 shares in the last quarter. Victory Capital Management Inc. lifted its position in shares of 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 worth $33,022,000 after purchasing an additional 657,607 shares in the last quarter. Finally, Voya Investment Management LLC lifted its position in shares of 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 worth $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.

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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